Which of the Following Statements About Process Quality Control Is

question 32

Multiple Choice

Which of the following statements about process quality control is NOT true?

• A)Assignable cause variation is also referred as special cause variation
• B)An observation outside the control limits is an example of a special cause of variation
• C)Common cause variation can be eliminated from the process by removing the potential causes
• D)The control limits will include 99.74% of the population under the normal probability distribution assuming that the process is in control
• E)None of the above

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Definitions:

Prepaid Insurance

An asset account that represents insurance payments made in advance for future coverage periods.

Insurance Premium

The amount of money an individual or business must pay for an insurance policy, which provides financial protection or reimbursement against losses.

Adjusting Entry

Log entries drafted at the final phase of a financial period to attribute income and expenses to the period in which they were truly incurred.

Reversing Entries

Entries recorded at the start of a new accounting cycle to negate or reverse adjustments that were documented at the conclusion of the preceding period.