A statistical procedure in which the number of defective items found in a sample is used to determine whether a lot should be accepted or rejected is called _____
a. statistical process control
b. acceptance sampling
c. quality assurance
d. a control chart
b
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ASOBAT emphasized which of the following in its definition of accounting?
a. The creative ability of the accountant b. The work and skill of the accountant c. The needs of the users of accounting information d. Recording transactions
Which of the following is NOT one of the main goals of supplier management?
a. to ensure the supplier meets quality standards b. to promote ethical behavior c. to maximize the total costs d. to develop innovative products/processes
When a party to a contract notifies the other party that it will not perform the contract as agreed, this conduct is referred to as
a. specific performance. b. cover. c. repudiation. d. assurance.
An automobile dealership sells 3 different types of automobiles. Unit prices for the years 2010 and 2015 are shown below. ? Automobile Type Unit Price ($ in 2010 (Po) Unit Price ($) in 2015 (Pt) Small 9,500 11,000 Medium 13,500 17,000 Large 18,000 22,500 Compute an unweighted aggregate price index for the automobiles.
What will be an ideal response?