Examlex
All other things equal,the higher the Return on Equity ratio the better the financial performance of the company.
Control Limits
Parameters in statistical process control that define the boundaries of acceptable variation in a process's performance.
Customer Specifications
Detailed descriptions or criteria provided by customers outlining the required characteristics, quality, and performance of products or services.
Process Control Chart
A graph used to study how a process changes over time, showing the performance of a process and guiding efforts to maintain its quality.
Capable Process
A process that is able to produce outputs within specified limits consistently, ensuring quality and efficiency.
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