The Assurance That Processes Are Performing in an Acceptable Manner

question 98

Multiple Choice

The assurance that processes are performing in an acceptable manner is the focus of:

• A) variability analysis.
• B) quality assurance.
• C) capability assessment.
• D) quality control.
• E) acceptance sampling.

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Definitions:

Exports Over Imports

A situation where a country’s value of exports exceeds its value of imports, indicating a trade surplus.

Current Account Surplus

A situation where a country's total exports of goods, services, and transfers exceed its total imports.

Financial Accounts Deficit

A situation where a country's payments to other countries exceed its earnings from them, specifically in the realm of investment flows and financial transactions.

Capital Account

A national account that shows the net change in asset ownership for a nation, including assets in foreign investments and movements of capital.