Which of the Following Statements Are Not True

question 4

Multiple Choice

Which of the following statements are not true?

• A) Control charts and acceptance sampling plans were first developed in the 1960's and 1970's.
• B) Statisticians and engineers have recently introduced many statistical methods for identifying types and levels of production inputs that will ensure high-quality output.
• C) There is a large body of material known as "Taguchi methods", named after Japanese engineer/statistician G. Taguchi.
• D) All of the above statements are true.
• E) None of the above statements are true.

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Definitions:

Basic Accounting Equation

The fundamental equation representing the relationship between a company's assets, liabilities, and equity; Assets = Liabilities + Equity.

Assets

Resources owned by a company that have economic value and can be converted into cash.

Liabilities

Financial obligations or debts that a company owes to external parties.

Residual Equity

The amount of equity remaining for shareholders after all liabilities have been deducted from total assets.