Quality Control
This chart tracks the average result of multiple samples in a production process.
Answer: What is an X-Bar chart?
The yearly amount you pay for insurance.
What is a premium?
Money paid to you by the bank for keeping savings there is called this.
What is interest?
This type of worker gets a higher hourly pay rate but no paid leave.
What is a casual worker?
A basic good like crude oil or gold is called this.
What is a commodity?
When all points are inside the limits, the process is this.
What is in control?
The amount you must pay out of pocket before insurance covers the rest.
What is excess?
The chance of losing money on an investment is known as this.
What is risk?
This employment type has guaranteed weekly hours and more job security.
What is part time?
The audience at which a business deliberately aims products and promotions.
What is target market?
This type of limit represents the highest acceptable average before the process is considered out of control.
What is the Upper Control Limit?
This type of car insurance is required by everyone in the ACT.
What is compulsory third party insurance?
Saving money in this type of account is low-risk but offers low returns.
What is a savings bank account?
Casuals do NOT get this type of paid time off.
What is annual leave?
Emotional behaviour that drives share prices up or down is called this.
What are animal spirits?
This type of limit represents the lowest acceptable average before the process is considered out of control.
What is Lower Control Limit?
Paying the same insurer every year without checking for a cheaper price is an example of this.
What is the Lazy Tax?
The reason shares and property can outperform savings accounts over time is because they provide this.
What are higher returns?
Part-time workers receive this important benefit that casuals do not.
What is paid sick leave or annual leave?
Criminals using your personal info is called this.
What is identity theft?
If a point goes above the UCL, the process is this.
What is out of control?
Paying $900 a year to insure a car worth only $2,000 is an example of this.
What is overinsurance?
A person putting money aside for a house deposit or retirement is working toward this.
What is a savings goal?
OR
What is financial planning?
Casual work is often chosen for this reason, especially for teenagers.
What is flexibility / variable hours?
When a business cannot pay its debts, it is this.
What is insolvent?