This is the old question of precision vs accuracy. If your rifle shoots very small groups it is precise, but not necessarily accurate. If your rifle shoots where you aim but it shoots 4 MOA, it is accurate but not precise. If it shoots very small groups exactly where you aim, it is accurate and precise. I think I got that right.
But anyway, accuracy is measured on a normal curve (dispersion from POA), just like a lot of things in the world. A number of multi-shot groups would give you a statistically valid quantification of the accuracy and precision of the rifle. A lot of shooters never quantify their rifles' accuracy, they just sight it in (accuracy) and shoot for groups (precision), then choose what to tell people about it (usually smallest group). I have seen a lot of "1/2 MOA" rifles that struggle to shoot MOA consistently, but one day a few years ago when somebody's friend's cousin was shooting it, it shot them all into one hole.
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I build rifles and I guarantee them to shoot caliber-sized groups with the loads I test them with (I provide that info to the customer). Sometimes customers use that data religiously, and other times they do their own thing.