Which of the Following Statistical Process Quality Control Techniques Helps

question 22

Multiple Choice

Which of the following statistical process quality control techniques helps identify redundancies in jobs that increase manufacturing or service time?

• A)Cause-and-effect diagrams
• B)Control charts
• C)Pareto charts
• D)Process-flow analysis
• E)Histograms

---

Definitions:

Oligopolistic Firms

Companies that operate in a market characterized by a small number of large sellers who have significant control over market prices.

Successful Collusion

A scenario where firms in a market coordinate their actions, such as setting prices or output levels, to achieve collective benefits at the expense of fair competition and consumers.

Demand Curves

Graphical representations showing the relationship between the price of a product and the quantity of the product demanded.

Cost Curves

A graphical representation used in economics to show the total cost of producing a given quantity of output.