Which Statement Is False Regarding Quality Control Documentation

question 7

Multiple Choice

Which statement is false regarding quality control documentation?

• A) Levey-Jennings quality control charts have the advantage of showing the results of quality control tests over a period of time.
• B) Shifts, trends, and random errors are quickly apparent on a Levey-Jennings chart.
• C) Only abnormal test controls should be recorded on a Levey-Jennings chart.
• D) A worker may obtain very precise but inaccurate test results.

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Definitions:

Initial Outlay

The upfront expenditure necessary to initiate a project or investment.

Incremental Cash Flows

The additional cash flow generated by a company as a result of a decision to undertake a new project or investment.

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are worth more than the cash they cost.

Sunk Costs

Costs that have been incurred and cannot be recovered, not affecting future business decisions.