A Company Counts and Records the Number of Data Entry

question 178

Multiple Choice

A company counts and records the number of data entry errors made on the first order form completed each day for a month (control charting) .An appropriate control chart to use for these data is the ________________________ .

• A)p chart
• B)c chart
• C)x-bar and r chart
• D)Pareto chart
• E)ARL chart

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Definitions:

Bad Debt Expense

The estimated amount of accounts receivable that a company does not expect to collect, treated as an expense on the income statement.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or decline in value.

Ending Inventory

The final amount of products available for sale at the conclusion of a fiscal period.

Investments

Assets purchased with the goal of generating income or appreciating in value over time.