A Process Is Said to Be Out of Control If

question 71

Multiple Choice

A process is said to be out of control if

• A)a point falls above the upper or below the lower control lines.
• B)eight or more consecutive points fall above the centre line or eight or more consecutive lines fall below the centre line.
• C)Either of the above.
• D)None of the above.

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Definitions:

Collateral

An asset that a borrower offers to a lender as security for a loan.

Capital

Refers to financial assets, including funds held in deposit accounts and investments, but can broadly include anything that can enhance a person’s or entity’s ability to generate value.

Character

In finance, part of credit analysis that evaluates a borrower's reputation or track record in repaying debts.

Economic Order Quantity

An inventory management formula that calculates the ideal order quantity a company should purchase for its inventory with the aim of minimizing costs.