A Process Is Said to Be Out of Control When

question 15

Multiple Choice

A process is said to be out of control when:

• A)common causes are present.
• B)special causes are present.
• C)the process is not capable of meeting specifications.
• D)the upper and lower control limits cannot be computed.

---

Definitions:

Prudent Investor Rule

An investment manager must act in accord with the actions of a hypothetical prudent investor.

Professional Investors

Individuals or entities that earn a living by managing and investing in various securities and asset classes on behalf of themselves or others.

Institutional Investors

Entities such as pension funds, insurance companies, and mutual funds that invest large sums of money on behalf of individuals.

Precious Metals

Metals of high economic value such as gold, silver, platinum, and palladium, often used in jewelry, industrial applications, and as investment.