Check Sheets, Run Diagrams, and Pareto Charts Are All Nonstatistical

question 78

True/False

Check sheets, run diagrams, and Pareto charts are all nonstatistical data-driven means of doing quality analysis and monitoring.

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Definitions:

Sarbanes-Oxley Act

A United States federal law that was enacted in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.

Lead Auditor

A senior auditor responsible for managing the audit team and overseeing the audit process to ensure accuracy and compliance.

Close Corporation

A type of corporation that is often privately held and has a small number of shareholders. The corporate stock is not publicly traded and is subject to greater restrictions on its transferability.

Minority Shareholders

Investors who own less than 50% of a company's shares, and typically have limited influence over company decisions.