Which of the Following Statements Is TRUE

question 72

Multiple Choice

Which of the following statements is TRUE?

• A)A process can be out of statistical control but still exhibit process capability.
• B)Process capability refers to the ability of the operations function to meet a product's design specifications.
• C)A process in statistical control necessarily exhibits process capability.
• D)Process capability can be determined for manufactured products only,not for services.

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Definitions:

Price

The price in terms of money that is predicted, necessary, or paid for an object.

Equilibrium Price

The price at which the quantity of goods suppliers are willing to produce equals the quantity of goods consumers are willing to buy.

Corn-based Ethanol

Ethanol produced from corn as a biomass through a fermentation process, primarily used as a biofuel additive for gasoline.

Household Incomes

The total amount of money earned by every member of a household, including wages, salaries, benefits, and other sources of income.