Final answer:
The subject of this question is Business and the grade level is College. The upper control limit is the standard plus the allowable deviation.
Step-by-step explanation:
The subject of this question is Business and the grade level is College. The term that fits the description given in the question is upper control limit.
In business and quality control, an upper control limit (UCL) represents the maximum acceptable value for a process variable. It is calculated by adding the standard deviation to the mean of a distribution. The UCL acts as a boundary that helps identify when a process has experienced a significant deviation.
For example, if a company sets a standard price of $10 for a product and allows a deviation of $2, the upper control limit would be $12 (standard price + allowable deviation). If the actual price exceeds $12, it would indicate a significant deviation from the intended standard.