Definition
ANSI/ASQ Z1.4 is a widely recognized standard for sampling procedures and tables used in inspection by attributes. It provides guidance on selecting sample sizes, acceptance criteria, and methods for assessing the quality of products based on attribute data, such as the number of defects or non-conformities found in a sample from a production batch.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.