A "P" Chart

question 54

Multiple Choice

A "p" chart

• A) Can be used for only one type of defect per chart.
• B) Plots the number of defects in a sample.
• C) Plots either the fraction or percent defective in order of time.
• D) Plots variations in dimensions.

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Definitions:

Implicit Costs

are indirect expenses that do not involve a direct payment of money but represent a loss of opportunity to use resources elsewhere.

Normal Rate

A term that can refer to the typical or standard interest rate charged by lenders or expected returns on investments under normal conditions.

Operating Profit

The profit earned from a firm's normal core business operations, excluding deductions of interest and tax.

Total Revenue

The overall amount of money generated from sales of goods or services before any expenses are subtracted.