Operating Events Include

question 72

Multiple Choice

Operating events include

• A)the payment of dividends and accounting principle changes.
• B)inflows and outflows of assets due to the generation of revenues.
• C)purchases, sales, and exchanges of long-term assets.
• D)expenses and costs of acquiring plant assets .

---

Definitions:

Process Capability

A statistical measure of a process's ability to produce output within given specifications.

Out Of Control Signals

Indicators within a process control or statistical control chart that highlight when a process is deviating from its stable state or specified limits.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used to make inferences about the population.

Common Cause Variation

The variation in a process that is random and inherent to the process itself, as opposed to being caused by identifiable factors.