A Business with Only 100 Employees Will NOT Be Considered

question 88

Multiple Choice

A business with only 100 employees will NOT be considered a small business if it ________.

• A)makes no profit
• B)has a major impact on its industry
• C)makes a large profit
• D)has no impact on its industry

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Definitions:

P-chart

A type of control chart used for monitoring the proportion of defective units in a process over time.

LCL

Lower Control Limit, a statistical measure used in quality control processes to define the lowest acceptable limit of a process variation.

Out-of-control Conditions

Situations in a manufacturing or process environment where variables exceed predetermined control limits, indicating potential quality issues.

Variation

The extent to which data points in a dataset differ from each other and from the mean.