Natural Variations

question 121

Multiple Choice

Natural variations:

• A) are variations that are to be identified and investigated.
• B) are variations that can be traced to a specific cause.
• C) are the same as assignable variations.
• D) lead to occasional false findings that processes are out of control.
• E) play no role in statistical process control.

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Definitions:

Services Surplus

Services Surplus describes a situation where the value of exported services of a country exceeds the value of its imported services, contributing positively to its trade balance.

Capital and Financial Account

Refers to parts of the balance of payments where capital transfers, investments, and financial derivatives are recorded.

Money Inflows

Financial resources entering a particular entity, such as a business or country, over a period of time.

Financial Account Balance

A component of a country's balance of payments that records transactions of foreign investment associated with that country.