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Management · Q64

Management Accounting

Graduate and Post Graduate · Management · question 64

Q64

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
Answer
D.
pareto diagram

Answer: Option C

Solution

Answer: Option C
Solution:
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.