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The quality of an electronic component used in manufacturing cell phones is monitored with a p-chart.In the last 20 days daily samples of 75 units resulted in the following number of defective units per sample: 8,4,3,7,3,1,0,7,4,2,0,1,6,2,4,3,1,2,8,5
If on the 21st day,9 defective units were found in the sample of 75 units,would the process be in control?
Stock Dividends
A form of dividend payment made in the form of additional shares rather than cash, increasing the number of outstanding shares.
Separation Of Duties
A risk management strategy that divides responsibilities within an organization to reduce the risk of fraud or error.
Internal Control System
Procedures and methods to control a firm’s assets as well as monitor its operations.
Accounting Department
A division within a company or organization that is responsible for managing financial records, transactions, and reporting.
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