Final answer:
The statement is false. The approval of revisions is usually the responsibility of relevant stakeholders.
Step-by-step explanation:
The statement 'The Inspector shall approve all interval revisions' is false.
In the context of business, an inspector typically assesses and verifies the quality and conformity of products or services. However, the approval of revisions is usually the responsibility of relevant stakeholders, such as project managers or supervisors.
Therefore, it is important to have a clear understanding of the roles and responsibilities within a business organization to properly allocate tasks and ensure efficient workflow.