______ Developed the Control Chart to Identify the Effects of Special

question 52

Multiple Choice

______ developed the control chart to identify the effects of special causes of process variation.

• A) Joseph Juran
• B) Philip B. Crosby
• C) Walter Shewhart
• D) Edwards Deming

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Definitions:

Payback Period

The amount of time it takes for an investment to generate enough cash flow to recover its initial cost.

Internal Rate

Typically refers to the Internal Rate of Return (IRR), a financial metric used to estimate the profitability of potential investments.

Payback Period

The length of time it takes for an investment to generate enough cash flow to recover its initial cost.

Salvage Value

The expected remaining valuation of an asset after its service life has ended.