The Seven Tools of Quality Control Include All of the Following

question 31

Multiple Choice

The seven tools of quality control include all of the following EXCEPT

• A) flowcharts.
• B) Pareto charts.
• C) DMAIC charts.
• D) scatter diagrams.

Understand the liability and consumer rights in case of unauthorized credit card charges.

Identify the legislation aimed at preventing credit and loan discrimination practices.

Understand the role and the enforcement powers of the Federal Trade Commission in consumer protection.

Explain the significance and impact of statutory changes concerning consumer finance laws, including the Dodd-Frank Act.

---

Definitions:

Transfer Payments

Payments made by the government to individuals or groups without receiving any goods or services in return, such as social security or welfare benefits.

Crowd-Out Effect

The phenomenon where increased government spending leads to a reduction in private sector spending and investment, often due to higher interest rates.

Fiscal Policy Measures

entail government actions using taxation and spending policies to influence macroeconomic conditions, including inflation, employment, and economic growth.

Inflationary Gap

A situation where aggregate demand in an economy outpaces aggregate supply, leading to inflation and a potential overheating of the economy.