Examlex
Fees charged by arbitrators in grievance arbitration are normally paid on a 50-50 basis by a company and the union.
Control Limits
Predefined boundaries in a process that signal when it may be out of control, used in quality control frameworks.
Acceptance Sampling Plan
An Acceptance Sampling Plan is a statistical method used to determine whether to accept or reject a batch of products based on a sample, aiming to ensure quality control.
Good Lots
Batches of products that meet quality standards and are deemed acceptable for sale or use.
Bad Lots
Refers to batches of products that fail to meet quality standards or specifications.
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