Pareto Charts Are Used to

question 11

Multiple Choice

Pareto charts are used to

• A) engage in an in-depth root cause analysis using a structured approach
• B) organize brainstorming ideas for statistical analysis
• C) identify the few, most important defects or causes of defects in a process
• D) none of the above

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Definitions:

Capital Balances

The amount of funds that each partner or shareholder has contributed to a company, not including any profits or losses retained in the company.

Partnership Liabilities

Obligations and debts that are shared by partners in a partnership arrangement.

Income Ratio

A financial metric that compares a company’s income to another measure, such as sales or assets, to assess financial performance.

Cash Distribution

The process of paying out earnings to stakeholders, often in the form of dividends to shareholders or distributions to partners.