Interpreting Measures of Quality P 4. Watts Corporation
supplies electronic circuitry to major appliance manufacturers in all parts of
the world. Producing a high-quality product in each of the companys four
divisions is the mission of management. Each division is required to record and
report its efforts to achieve quality in all of its primary product lines. The
following information for the most recent three-month period was submitted to
the chief financial officer:
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