ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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BONUS:A Sampling method where the batch of product is rated on a continuous scale that shows how well the batch conformed to ideal quality is called:
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Tolerance Sampling
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Variable Sampling
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Attribute Sampling
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Special Cause Sampling
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Explanation:
Detailed explanation-1: -Variables sampling plans allow the determination of how close to nominal or a specification limit the process is performing. Attributes plans either accept or reject a lot; variables plans give information on how well or poorly the process is performing.
Detailed explanation-2: -Classical variables sampling allows you to select and analyze a small subset of the records in an account, and based on the result estimate the total audited value of the account, and the total amount of monetary misstatement. The estimates are computed as ranges: The point estimate is the midpoint of the range.
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