________ Are Data-Gathering Tools That Can Be Used in Forming

question 78

Multiple Choice

________ are data-gathering tools that can be used in forming histograms.

• A) Process maps
• B) Pareto charts
• C) Check sheets
• D) Scatter plots
• E) Control charts

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Definitions:

Wheat-Growing

The agricultural practice of cultivating wheat, a staple grain used worldwide for food.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of a product.

Perfect Competition

A market structure characterized by a large number of small firms, identical products sold by all firms, perfect information, and no barriers to entry or exit.

Marginal Revenue

The increased earnings realized from the sale of one extra good or service.