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

Correct Answer: control chart

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.
Bissoy MCQ
#Management #Management Accounting

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