A Graphical Tool Used to Help Determine Whether a Process

question 30

Multiple Choice

A graphical tool used to help determine whether a process is in control or out of control is a

• A)scatter diagram
• B)histogram
• C)control chart
• D)None of the other answers is correct.

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Definitions:

Present Value

The present value of a future amount of money or series of cash inflows, based on a certain rate of return.

Quarterly Payments

Payments that are made four times a year, typically related to dividends, loans, or lease agreements.

Amortization Schedule

A schedule of payments; the schedule shows the amount of interest and the amount of principal in each payment.

Interest on Unpaid Balance

The interest charged on the remaining amount of debt that has not been paid off within a given period.