Graph which plots series of successive observations of specific procedure, operation or step at regular time intervals is called
A. relevant costing diagram
B. cause and effect diagram
C. control chart
D. pareto diagram
Answer: Option C
Solution(By Examveda Team)
Graph which plots series of successive observations of specific procedure, operation or step at regular time intervals is called control chart. The control chart is a graph used to study how a process changes over time. Data are plotted in time order. A control chart always has a central line for the average, an upper line for the upper control limit, and a lower line for the lower control limit. These lines are determined from historical data.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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