At a UTC Facility the Quality Control People Sample 5

question 163

Multiple Choice

At a UTC facility the quality control people sample 5 percent of the finished Carrier air conditioners to check for adherence to more than 25 quality standards.This is an example of

• A) benchmarking.
• B) acceptance sampling.
• C) in-process sampling.
• D) conformance sampling.
• E) outsourcing.

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Definitions:

Paid-In Capital

Funds raised by a company through the sale of its own shares.

Dividends In Arrears

Dividends on preferred stock that have not been paid by the declaration date but are still owed to shareholders.

Non-Cumulative

Pertaining to preferred stock, which does not accumulate unpaid dividends if they are not declared.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with fixed dividends.