At a UTC Facility the Quality Control People Sample 5

question 163

Multiple Choice

At a UTC facility the quality control people sample 5 percent of the finished Carrier air conditioners to check for adherence to more than 25 quality standards.This is an example of

• A) benchmarking.
• B) acceptance sampling.
• C) in-process sampling.
• D) conformance sampling.
• E) outsourcing.

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Definitions:

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on a portion of its profits.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee, but not control them, typically associated with ownership of 20-50% of voting stock.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control them.

Book Value

The net value of a company's assets minus its liabilities, often used as a measure of its equity.