Examlex
The amount received for a utility easement on land is included in the gross income of the taxpayer.
LTPD
The Lot Tolerance Percent Defective, which refers to the maximum acceptable defect rate in a sample lot for the lot to be accepted.
Quality Control Chart
A graphical tool used in process monitoring to analyze and understand variability in production or service delivery.
Defects Per Unit
A measure of the average number of defects found in each unit of a product.
Acceptance Sampling
A statistical quality control method used to decide whether to accept or reject a batch of material based on the inspection of a sample, aiming to ensure product quality while minimizing inspection costs.
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