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Describe the Basic Activities in an HRM/payroll Cycle

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Describe the basic activities in an HRM/payroll cycle.


Definitions:

P-chart

A type of control chart used in statistical quality control to monitor the proportion of defective items in a process over time.

Lower Control Limit

The lowest threshold in statistical quality control, below which a process is considered out of control.

P-chart

A statistical control chart for studying the proportion of defective units in a batch.

Percent Defective

The percentage of all units produced that fail to meet the required quality standards.

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