A ________ Is Most Likely to Be Held Accountable for Price

question 102

Multiple Choice

A ________ is most likely to be held accountable for price variances for direct materials.

• A) machine operator
• B) production supervisor
• C) purchasing manager
• D) marketing director

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Definitions:

False Alarm

An incorrect signal or detection indicating the presence of a condition or attribute that is not actually present.

Control Limits

The boundaries defined in control charts within which a process statistic is considered to be in a state of statistical control.

Standard Errors

A measure of the statistical accuracy of an estimate, calculated from the standard deviation of the sampling distribution.

Sample Mean

This is the average of all the values in a sample set, calculated by summing all the numbers in the sample and then dividing by the count of the sample.