Which One of the Following Statements Is TRUE

question 49

Multiple Choice

Which one of the following statements is TRUE?

• A)Nothing can be done to completely eliminate variation in process output.
• B)SPC and TQM are one and the same thing.
• C)Assignable causes of variation are purely random factors that can be assigned to a particular process.
• D)Common causes of variation are those factors that can be identified as commonly occurring at a particular process.

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Definitions:

Income Statement

A financial statement that shows a company's financial performance over a specific period by summarizing its revenues, expenses, and net income or loss.

Finished Goods Inventory

The total value of all completed products that are ready for sale but have not yet been sold.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Cost of Goods Manufactured

The total cost accrued in making products completed during an accounting period, including labor, material, and overhead costs.