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Posted inAccounting Basics
Ratio Analysis and its Applications
Ratio analysis is a medium to understand the financial weakness and soundness of an organization.…
Posted inAccounting Basics
Accounting Period Concept
The life of a business unit is indefinite as per the going concern concept. To…
Posted inAccounting Basics
Accounting – Overview
Accounting has been hailed by many as the “language of business”. There are many quotations…
Posted inQuality Management
Non-Probability Sampling
In any form of research, true random sampling is always difficult to achieve. Most researchers are bounded…
Posted inQuality Management
Probability based sampling
A probability sampling method is any method of sampling that utilizes some form of random selection. In order…
Posted inQuality Management
Defining Statistical Quality Control
The control chart is a graph used to study how a process changes over time.…
Posted inQuality Management
Control charts
Control charts have long been used in manufacturing, stock trading algorithms, and process improvement methodologies…
Posted inQuality Management
Scatter Diagram
Scatter Diagram or correlation diagram is a tool to describe changes in a dependent variable…
Posted inQuality Management
CAUSE EFFECT DIAGRM IN INDUSTRY
Definition of Cause & Effect Diagram The cause & effect diagram is the brainchild of…
Posted inQuality Management
Pareto Chart
The Pareto chart is a quality improvement tool that is based upon the Pareto principle, the…