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:

Effective Tax Rate

The average rate at which an individual or corporation is taxed, considering all forms of taxes.

Investment Account

An account held at a financial institution that holds investments such as stocks, bonds, mutual funds, and other assets for the benefit of the investor.

Intercompany Profit

Profits that arise from transactions between companies within the same corporate group, which could distort the true financial position if not eliminated in consolidated financial statements.

Gross Margin

A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.