A Variance Within an Acceptable Range Is Considered to Be

question 125

True/False

A variance within an acceptable range is considered to be an "in-control occurrence" and calls for no investigation or action by managers.

---

Definitions:

Arbitration Clause

A clause in a contract providing that, in case of a dispute, the parties will determine their rights through arbitration rather than through the judicial system.

Dispute

A disagreement or conflict between parties that can be resolved through negotiation, mediation, or legal action.

Negotiation

A dialogue between two or more parties intended to reach a beneficial outcome over a conflict, disagreement, or to forge agreements while addressing each party's interests.

Binding Mediation

A dispute resolution process where an impartial mediator makes decisions that are enforceable and legally binding on the parties involved.