Which of the Following Is True of SPC

question 87

Multiple Choice

Which of the following is true of SPC?

• A)It resembles a fishbone and is hence also known as a fishbone diagram.
• B)It is applicable only in manufacturing.
• C)It tells us whether a process is stable and conforms to specifications.
• D)It tells us whether a process is capable of meeting customer expectations.

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Definitions:

Sales

The total amount of money received from selling goods or services over a specific period.

Periodic Inventory System

An inventory accounting system where updates to the inventory accounts are made at specific intervals, not continuously.

Merchandise

Goods that are purchased for the purpose of being sold to customers in the retail or wholesale market.

Periodic Inventory System

An inventory system that updates the inventory balance at specific intervals, necessitating physical counts.