In a Variables Control Chart, Which of the Following Has

question 82

Multiple Choice

In a variables control chart, which of the following has occurred if seven points, either increasing or decreasing, are in succession?

• A) erratic behavior
• B) nonrandom event
• C) process drift
• D) natural variation
• E) process run

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Definitions:

Payee

The party that receives the benefit of an order (check, etc.).

Drawee

The party that must obey an order. In the context of banking, the drawee is the bank that must pay the funds ordered by a customer’s check.

Regulation E

A provision of the Electronic Fund Transfer Act that outlines rules for electronic payments, including transfers via ATM, debit card, and other direct transfers.

Federal Reserve

The central banking system of the United States that aims to provide the nation with a safer, more flexible, and more stable monetary and financial system.