Quality Analytics Is the Use of Statistics That Are Monitored

question 29

True/False

Quality analytics is the use of statistics that are monitored from production on an ongoing basis for the sole purpose of determining production quality.

---

Definitions:

Net Operating Income

A measure of a company's profitability, calculated as the gross revenue minus operating expenses, excluding taxes and interest.

Contribution Margin Ratio

The percentage of each sales dollar that remains after variable costs are subtracted, indicating the portion contributing to covering fixed costs and generating profit.

Fixed Monthly Expenses

Recurring costs that do not vary in amount and are paid on a monthly basis, such as rent or loan payments.

Net Operating Income

Earnings from a company's core business operations, excluding deductions for interest and taxes.