In the First Step of Setting Up a Pareto Chart

question 113

True/False

In the first step of setting up a Pareto chart, a frequency table should be constructed of the defects (or categories) in decreasing order of frequency.

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Definitions:

Ethical Principles

Fundamental concepts that guide moral behavior and decision-making, such as honesty, fairness, responsibility, and respect for others.

Economic Efficiency

A state where resources are allocated in a way that maximizes the production of goods and services at the lowest cost, optimizing welfare or profit.

Consumer Protection

Laws and regulations intended to safeguard buyers of goods and services from unfair, deceptive, or harmful practices by sellers.

Whistle-blower

An individual who exposes illegal, unethical, or wrong practices within an organization to the public or to authorities.