Which of the Following Items Is Not a Tool That

question 114

Multiple Choice

Which of the following items is not a tool that can be used by management to take corrective action in a process deemed out of control?

• A) Cause-and-effect diagram.
• B) Statistical quality control (SQC) chart.
• C) Fish-bone diagram.
• D) Pareto diagram.
• E) Histogram.

Identify the role of ethical codes and the importance of ethical responsibility in professional accounting and business practices.

Recognize the differences between service firms, merchandising firms, and manufacturing firms in terms of revenue generation and operations.

Understand the essentials of planning within an organization, including identifying alternatives and selecting optimal solutions.

Comprehend the lean business model, including its main idea of eliminating waste and practices for continuous improvement.

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Definitions:

Upside Potential

The forecasted amount by which the price of an investment, asset, or market could rise.

Retirement Investment

Retirement investment refers to financial products or strategies used to save for retirement, including accounts like 401(k)s, IRAs, and investment vehicles such as stocks, bonds, or mutual funds, aimed at growing wealth over time for retirement.

Defined Contribution Plan

A retirement plan where the amount of the employer's annual contribution is specified, with the final benefits depending on investment performance.

Investment Committee

A group of professionals responsible for overseeing the investment strategy and decisions of an organization or fund.