How does SPC help companies implement continuous improvement programs?
What will be an ideal response?
The feedback from out-of-control signals from control charts should be used to eliminate assignable-cause variation from the process. By using SPC over a long time period, the quality of the process should improve.
Business
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One of the basic principles of accounting, which dictates that companies recognize revenue when the performance obligation is satisfied.
(a) upfront fees (b) asset-liability approach (c) revenue recognition principle (d) cosignee
Business
A list of the members of the population and a skip interval are used in which of the following sampling methods?
A) simple random B) systematic C) cluster D) stratified E) convenient skip
Business