Which Quality Control Technique Is Useful for Understanding the Amount

question 91

Multiple Choice

Which quality control technique is useful for understanding the amount of variance between an outcome and the expected value or average outcome?

• A)A control chart
• B)A histogram
• C)A cause-and-effect diagram
• D)A process-flow analysis
• E)A Pareto chart

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Definitions:

Capital Maintenance

Capital Maintenance is an accounting concept aimed at preserving the original capital of the company, usually measured in financial or physical terms.

Net Income

The amount of profit a company has earned during a specific period, calculated as revenue minus expenses, taxes, and costs.

Additional Investment

Funds injected into a business by its owners or shareholders over and above the initial investment, typically to support operations, expansion, or growth.

Revenue Recognition

An accounting principle that outlines the specific conditions under which revenue is recognized and dictates how it should be reported in the accounts.