Jasmine Morron Is Examining a Statistical Control Chart on the Recent

question 4

Multiple Choice

Jasmine Morron is examining a statistical control chart on the recent cost report of her manufacturing company. Jasmine is focusing on one specific process, the labour efficiency variance of polishing. She determines that the critical values for this process are $1000. Which of the following statements is correct?

• A) Jasmine should investigate only unfavourable variances that are larger than $1000.
• B) Any variances of less than $1000 are likely to be the result of random events.
• C) Jasmine should investigate unfavourable variances of any size, and favourable variances that are larger than $1000.
• D) Jasmine should investigate any variances that are larger than $500.

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Definitions:

Negative Thinking

A cognitive process wherein an individual consistently perceives or anticipates the worst possible outcomes or focuses on the most negative aspects of a situation.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, leading to decreased motivation and function.

Cognitive Explanations

Describes how mental processes such as perception, memory, and problem-solving contribute to psychological disorders.

Negative Conclusions

Determinations made from a study or investigation indicating a lack of relationship or significance between variables.