​ When an Alteration Is Fraudulently Made, the Party Whose

question 12

True/False

​ When an alteration is fraudulently made, the party whose obligation is affected by the alteration is discharged.

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Definitions:

80/20 Principle

A principle, also known as the Pareto Principle, that suggests 80% of effects come from 20% of causes, emphasizing the unequal relationship between inputs and outputs.

Statistical Process Control Charts

Tools used in quality control to plot data over time, enabling the detection of outliers, trends, or variations in processes, and assisting in maintaining process controls.

New Customer

An individual or entity that has not previously purchased or engaged with a company's products or services.

Keeping A Current Customer

The strategies and practices aimed at maintaining and enhancing a continuing relationship with an existing customer to ensure their repeat business.