The Toyota Production System does emphasize respect for people, as it focuses on employees being viewed as an invaluable resource for the company.
Do you believe that such a move and the Toyota production system's value of respect for people are at odds with one another?No, there is not necessarily a conflict between implementing automated manufacturing and material handling systems and the principle of respect for people in the Toyota Production System.Automation can help optimize the production process and reduce the amount of labor needed, while at the same time allowing for more meaningful and fulfilling work for those who remain in the process.Automation can also reduce the potential for physical injuries that may occur due to manual labor. Ultimately, automation can help create a safer, more efficient, and more respectful work environment.This respect for people is seen in the Toyota Production System's focus on employee involvement, empowerment, and continuous improvement. As such, there could be a potential conflict between the move towards employing flexible automated manufacturing equipment and automated material handling systems, and the principle of respect for people in the Toyota Production System.The move towards automated systems may lead to fewer people being employed in the process, which could lead to employees feeling devalued and disrespected.To learn more about the principle of respect for people in the toyota production system refer to:
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what is the value of a stock making annual dividends, if the last dividend paid (d0) was $3.25 per share, the dividends are expected to have a growth rate (g) of 2% per year into the foreseeable future, and the discount rate (rs) is 6%?
The model of dividend discounting (DDM) uses projected dividends to discount them back to current value in order to assess a stock.
How are dividend payments made?The Distribution of Dividends. A dividend is when a class of shareholders receives a portion of a company's earnings. Typically, dividends are paid by way of dividend checks. They might, though, also receive payment in more equity shares.
What is an example of a dividend?Is an example of a dividend?\. A dividend is money distributed from profits to shareholders. They often receive quarterly pay. For instance, Comcast has been delivering such distribution for a number of years, with the price per share for its 2021 third-quarter issuance set at $2.08.
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Type the correct answer in the box. spell all words correctly.
nathan calculated his company's economic order quantity and categorized all production costs. one cost was related to the cost of storing milk
in the freezers, and another cost was related to the insurance expenses that covered the company's inventory. to which cost category would
nathan assign these costs?
In light of the sort of costs they are, Nathan would allow them to the accompanying segments of the financial request amount:
Cost of putting away milk - Yearly holding cost per unit.Protection costs - Fixed cost per request.Which areas will the above costs fall under?
The expense of putting away milk would go to the Yearly holding cost since this is where stockpiling costs are provided food for. Financial Request Amount means to limit capacity costs so these should be represented.
Insurance expenses are fixed costs which implies that they will go to the decent expense the organization brings about for each request they make.
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what is fair and equitable methods for the assignment of options contracts by a brokerage firm to a customer?
The most popular form of equity derivative, equity options, provide a buyer the right but not the duty to buy or sell a call or put at a predetermined strike price before the contract's expiration date.
How are contracts for options assigned?When a buyer elects to exercise their right to buy (or sell) stock at a specific strike price, options may be assigned. Only when an option holder chooses to exercise their right to purchase stock does the corresponding seller of the option become known, not when a buyer begins an option trade.
What is a contract for equity options?A contract known as an equity option grants its owner the right, but not the responsibility, to buy (in the case of a call) or sell (in the case of a put) shares of the underlying security at a given price (the strike price) on or before a given date (expiration
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Marsha's title insurance policy was issued on closing day, June 18. The policy lists the standard exclusions as well as requirements for the company to issue the policy, such as paying off existing recorded liens. Which of these will NOT be addressed in the schedule of exceptions
Marsha's second mortgage, which was duly registered in January, is secured by the property will not be addressed in schedule of exceptions.
What is property?Property refers to both the set of legal rights that provide people control over valuable things as well as the things themselves. The three main types of property employed in economics and political economy are private, public, and collective. It is possible for more than one party to exercise possession or control over property in very similar or very distinct ways, either simply or complexly, equally or unequally. The parties may anticipate that their wills will be unanimous, or alternatively, each party may anticipate that, in the absence of any possibility of dispute with any other party, his, her, or its will will be sufficient and conclusive.
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murad dreamed of working in the fashion industry. he landed a fashion internship, but the company did not hire him when he graduated. after interviewing with eight other companies, murad still did not have a job upon graduation. murad viewed his job search struggles as an opportunity to move to paris, the fashion capital of the world. murad is demonstrating murad dreamed of working in the fashion industry. he landed a fashion internship, but the company did not hire him when he graduated. after interviewing with eight other companies, murad still did not have a job upon graduation. murad viewed his job search struggles as an opportunity to move to paris, the fashion capital of the world. murad is demonstrating resilience. openness to change. self-motivation. personal adaptability.
Murad exemplifies personal adaptability.
What exactly is personal adaptability?
Personal adaptability refers to a person's ability to change their plans and actions in order to achieve their goals. Individuals, such as Murad, who have the ability to not fall when a plan fails, but uses his energy to plan other things that will also benefit and promote the individual's progress, assisting him to reach his goals by other means.
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kevin is the coo (chief operating officer) of pirate industries and is responsible for determining the overall direction for the company. which kind of manager is kevin?
Kevin, Pirate Industries' COO (chief operating officer), is in charge of deciding the company's general course. Kevin is a bureaucratic management type of manager.
Bureaucratic management: what is it?Bureaucratic management is a type of management strategy that organizes and controls an organization's work using a set of rules and procedures. It's a sort of management control where the organizational structure lays out everything that needs to be done in clear, detailed directions.
What is an example of bureaucratic management?The contemporary corporation is one more illustration of bureaucratic administration. At the top of the hierarchical system is the CEO. There may be several vice presidents in control of various departments inside the company, such as operations, marketing, and sales.
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what set of uniform rules established by the united nations governs the formation of international sales contracts and explains the rights and obligations of the buyer and the seller?
Vienna Convention is the set of uniform rules established by the united nations governs the formation of international sales contracts and explains the rights and obligations of the buyer and the seller
What does the Vienna Convention aim to achieve?
Foreign relations are conducted in accordance with the Vienna Convention on Diplomatic Relations, which guarantees that diplomats can carry out their duties free from interference from the host government.
What is Vienna convention?
An international convention that governs treaties between governments is known as the Vienna Convention on the Law of Treaties (VCLT). It establishes thorough procedures, rules, and guidelines for how treaties are identified, created, amended, interpreted, and generally used. This document is referred to as the "treaty on treaties."
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The price index was 220 in one year and 238.2 in the next year. What was the inflation rate?
a. 8.3 percent.
b. 108.3 percent.
c. 4.8 percent.
d. 38.2 percent.
The price index was 220 one year and 238.2 the following; the inflation rate is 8.3 percent.
Inflation is defined as an increase in the Consumer Price Index (CPI), which is a weighted average of different items' prices. The index's list of commodities is determined by those are regarded indicative of a common consumption basket. As a result, the index will include various commodities based on the nation and the consumption patterns of the majority of the people. Some items may see price decreases, while others may experience price increases; hence, the total value of the CPI will be determined by the weight of each good in relation to the entire basket. Annual inflation is the percentage change in the CPI from the same month the previous year.
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south beach industries reports the following information about resources. at the beginning of the year, south beach estimated it would spend $180,000 for materials, $42,000 for purchasing, $35,000 for setups, and $36,000 for repairs. cost driver ratevolume resources used: materials$ 10per pound18,350pounds purchasing$ 250per purchase order160purchase orders setups$ 450per setup80setups repairs$ 36per job700jobs resources supplied: materials$ 192,700 purchasing$ 44,300 setups$ 37,500 repairs$ 30,000 the unused resource capacity for setups for south beach is:
The unused resource capacity for setups for south beach industries is $264,000.
briefly:-To determine what unused resource capacity for setups for south beach industries is:
Using this formulathe Unused resource capacity = the Clerical resources used -[(the Clerical rate per page*Pages typed)
Let plug in the formula
Unused resource capacity=$30,000 – ($450*8)
Unused resource capacity=$30,000-$3600
Unused resource capacity = $264,000
Therefore The unused resource capacity for setups for south beach industries :$264,000
Why is capacity unused?The space between the capacity's maximum use and its actual use is known as the overall unused capacity. This expenditure has no value addition. The six capacity definitions make it possible to divide the cost of idle capacity into a number of groups that give the right managers pertinent information.
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which of the following statments referring to commerical am radio broadcasts in the united states is false
Individuals might hear words and music from different places and time periods through commercial recordings.
What exactly is commercial?Commercial enterprises actively engage in the derivatives and forward markets from the earliest stages of production through the final sales. The expression is frequently used in other economic and everyday contexts, but is most typically associated with business-related or profit-driven activities.
Commercial positions on the options and futures markets often represent hedging activity, whereas non-commercial positions represent speculative activity. Economists enjoy examining commercial holdings in the futures and options market because it provides a sign of actual economic activity that helps in the prediction of macroeconomic statistics like GDP growth.
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Which are key components of an RPA strategy?
Educating, knowledge sharing, technology decisions.
Timelines, scaling, change management.
Platform selection, getting started, business case.
business case, change management, obtaining commitment.
Out of the available choices, it may be concluded that educating, knowledge sharing, and technological decisions are among the key components of an RPA strategy. Therefore, the option A holds true.
The RPA strategy can be heavily interpreted as the strategy which is essentially followed within the environment of an organization with an intention of making better decisions that help the organization to grow and achieve higher sense of development. Education and knowledge sharing are among the hot cases for an RPA strategy.
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Saquan Barkley, Corp. currently produces two different footballs. They are either Regular or Special Details from last year's operations are listed below (unit means one football)Regular SpecialNumber of units sold 80,000 24.000Sales price per unit $45 $120Direct materials per unit $15 $35Direct labor dollars per unit $18 $55Design hours per unit 1.00 2.50Direct labor hours per unit 0.40 2.00Saquon Barkley Corp divides indirect costs into two different cost pools, with the respective allocation bases: Design costs amounting to $268,800 use design hours as its allocation base while inspection costs amounting to $336,000, use direct labor-hours as its allocation base.What is the total cost of each Regular Football?O $49 80 O $39.12 O $3660 O $4750
Each Regular Football costs $36.60 in total.
Working note:
Design overhead rate = Design cost / Direct Design hrs
Design overhead = $268,800
Direct Design hrs = 80000 units * 1 = 80000
24000 units * 2.5
Direct Design hrs = 60,000 hrs
Total hrs = 140,000 hrs
Design overhead rate = Design cost / Direct Design hrs
$268800 / 140000
Design overhead rate = $1.92 per design hr
Inspection overhead rate = Inspection cost / Direct labor hr
Inspection cost = 336000 / 80000 hrs = $4.2
Inspection cost = 336,000
Design labor hours = (0.4 * 80000 units + 2 * 24000 units)
32000 hrs + 48000 hrs
Design labor hours = 80,000 hrs
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What two additional tasks are required in order to make merchandise "floor-ready"?Receiving and checkingScanning and stockingUncrating and checkingTicketing and markingPicking and scanning
To get the product "floor-ready," extra duties like ticketing and labelling are needed.
What are marking and ticketing?Ticketing and marking describes the process of categorizing things and affixing price tags and identifying labels to them.Price tags are labels you put on products you want to sell in a store. The ticket includes details including the item's SKU, SKU number, retail price, and outlet pricing.A management tool known as a ticketing system handles and logs client requests. Tickets, also called as incidents or issues, must be properly archived together with pertinent user data. The ticketing system needs to be simple for managers, administrators, and customer support agents to use.To keep track of problems with assets, agents, or events, use the ticketing tool. A ticket is a labor request made in response to an issue that needs more research. Possible ticket circumstances, as examples: repairing a variety of assets' weaknesses.To learn more about ticketing and marking refers to:
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Which of the following is NOT important to a manager at a merchandising company when preparing the master budget
An organisation that provides services or sells merchandise won't have a budget for production, direct materials, direct labour, or overhead. The main distinction is that even when we don't have a budget for production or material purchases, we still need to know how much inventory we should acquire for a merchandiser.
What expenditures wouldn't be included in a combined cash budget?
As a non-cash expense, depreciation expense would never be included in a cash budget. Cash-only budgets simply keep track of actual cash payments and receipts. All of the items listed above will result in a cash outflow, including interest costs and travel costs.
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on january 1, sustainable energy corporation issues bonds that have a $100,000 par value, mature in 8 years, and pay 12% interest per year. interest payments are paid to bondholders semiannually on june 30 and december 31. how much interest does sustainable energy corporation pay to bondholders every six months if the bonds are sold at par? group of answer choices $ 1,200. $ 3,000. $ 6,000. $ 12,000. $ 100,000.
Over the course of the bonds' eight-year existence, the $6,000 would be due on every 30 June and 31 December.
To find the interest rateThe semiannual coupon payment formula shown below is used to calculate the semiannual interest due to bondholders every six months:
Semi-annual coupon payment = face value * coupon rate * 6/12
bond's face value is $100,000.
12% coupon rate
12/6 represents a six-month payment.
$100,001 x 12% x 6/12 Is the semi-annual coupon payment.
6% of $100,000 in semi-annual coupon payments
$6000 for a semi-annual coupon payment.
Over the course of the bonds' eight-year existence, the $6,000 would be due on every 30 June and 31 December.
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messi company has the following information what was the manufacturing overhead cost for thre period
A product's manufacturing overhead (MOH) cost is the total of all indirect expenses incurred during production
What is manufacturing overhead cost?A product's manufacturing overhead (MOH) cost is the total of all indirect expenses incurred during production. Along with direct labour and material expenditures, it is included in the cost of the finished product. Factory overhead, also known as manufacturing overhead, work overhead, or factory burden in American English, refers to the overall expense associated with running all production facilities for a manufacturing organisation that cannot be clearly linked to a specific product. Typically, it pertains to indirect costs and indirect labour. Materials, labour, and overhead are the three main types of expenditures associated with manufacturing. Direct costs apply to all.You must first determine your company's manufacturing costs. Once you've done that, add them all up or divide the overhead cost per unit by the quantity of units you produce. Divide your monthly sales by that number, then multiply it by 100 to get a percentage.
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edwin is an hr manager at comcore. which task would he perform as a part of the human resource planning process?
The first step in the human resource planning process is to assess your current staff. Before making any moves to hire new employees for your organization.
Which of the following is the first step in the human resource planning process?Although its duties vary across various organisations and industries, they often include hiring, paying and providing benefits, providing training and development, and managing employee relations. Identifying the goal of the process is the first and most important phase. The goal should be clearly stated in order to pick the appropriate number of persons for the work. The HR department and leader are referred to as the organization's catalyst, coach, conductor, and consultant in terms of the four C's. The management process consists of five fundamental tasks: organising, staffing, leading, and controlling. Although it may be a part of human resources, outsourcing jobs is not one of the main management tasks.To learn more about human resource refer to:
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Some economists believe that if companies address economic and legal issues, they are satisfying the demands of society, and that trying to anticipate and meet additional needs would be almost impossible. Which economist’s theory are they following most closely with this belief? a. Jack Ma. b. Archie Carroll. c. Noel Biderman. d. Milton Friedman. e. Adam Smith.
Milton Friedman's economic theory are they following most closely with this belief.
What is economic theory?Research in all aspects of economics that is grounded in strong theoretical reasoning and on mathematical subjects that are supported by the examination of economic issues can be found in the field of economic theory. Published papers aid in the comprehension and resolution of important economic issues. A peer-reviewed academic magazine called Economic Theory concentrates on theoretical economics, especially game theory, general equilibrium theory, and social choice theory. In the disciplines of experimental economics, public economics, international economics, development economics, and industrial organization, mathematically rigorous publications are also published. The publication serves as the Society for the Advancement of Economic Theory's official journal.
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a client has gathered a very large amount of operational data, but struggles with how to apply artificial intelligence (ai) to address its critical business problems. what advice should the accenture team give the client?
The accenture team should advise the customer to let each division of the business choose an own data strategy.
Who is the so-called client?Any person, organization, etc. who seeks guidance from a qualified man or woman .a family of a welfare agency who has admitted or is an user of them service. a computer application or workstation that asks a server for data or information.
Customer and client the same?A client is a specific kind of customer that sells professional advice from a firm, whereas a customer is anyone who uses a company's products or services. Customers often purchase products, whereas clients frequently purchase recommendations and fixes.
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mission company is preparing its annual profit plan. as part of its analysis of the profitability of individual products, the controller estimates the amount of overhead that should be allocated to the individual product lines from the information provided below. (cma adapted) wall mirrorsspecialty windows units produced4020 material moves per product line515 direct labor-hours per product line200300 budgeted material handling costs: $50,000 under a traditional costing system that allocates overhead on the basis of direct labor-hours, the materials handling costs allocated to one unit of wall mirrors would be:
Budgeted costs for material handling equal $50,000. Wall Mirrors Direct Labor Hours Used = 200 300 direct work hours were used to make specialty windows. Total direct hours worked = Direct hours worked u
How are material handling costs determined?The cost of handling one tone of bulky materials should be calculated by dividing the total cost by the total tonnage handled. When such resources are released for manufacturing, the value of the materials will be increased to account for handling expenses.
How much does material handling cost?The freight for the commodities (equipment and material), insurance, and customs clearance fees are all included in material handling costs (or material related costs, or MRC).
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All of the following are reasons why companies are slow to adopt sustainable practices that are better for the environment EXCEPT__________.
CEO compensation is tied to stock performance
it is difficult to get an accurate cost on the impact of climate change
the universal adoption of the Kyoto Protocol
US investors are less concerned about the environment and climate change than those in Europe
Exceptions to the reasons why businesses are sluggish to implement environmentally friendly sustainable practices the Kyoto Protocol's broad acceptance.
What is the Kyoto Protocol?A global agreement among industrialized nations called the Kyoto Protocol, often called the Kyoto Accord, imposes restrictions on greenhouse gas emissions. The sun's ability to heat greenhouse gases like carbon dioxide, which serve to trap this heat in our atmosphere, is known as the greenhouse effect. The Kyoto Protocol, often referred to as the Kyoto Protocol to the United Nations Framework Convention on Climate Change, was a global accord that attempted to reduce the emission of gases that contribute to global warming.It was named after the Japanese city where it was adopted in December 1997. According to the Kyoto Protocol, developed nations must lower their emissions of greenhouse gases to levels lower than those in 1990.Therefore,
The procedures that businesses use to preserve the attributes that are prized in the physical environment are known as sustainable practices. Being environmentally responsible and making sure that our way of life doesn't damage others are two aspects of living sustainably.
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when liv goes to the first class of her operations management course, she finds out that in addition to the textbook she already purchased, she also needs a specific type of calculator, with regards to the calculator, at which stage of the consumer buying decision process is liv
Evaluation of alternatives at this stage of the consumer buying decision process is liv evaluation of alternatives.
What is management ?Management is the organization and coordination of activities to achieve a goal. Determining the organization's strategy and organizing staff efforts to achieve these goals with the aid of available resources are a few examples of these administrative activities. Management is another name for the internal seniority structure that businesses utilize for staff members.
To succeed as a manager, you must develop a number of skills, including organization, communication, planning, and leadership. In-depth knowledge of the company's goals and how to direct staff, sales, and other activities toward accomplishing them will also be necessary.
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Liv is at the purchasing stage of the consumer buying decision process.
What is consumer?Consumer is a person who buys goods and services for personal use. Consumers are the end users of a product or service, the ones that actually determine the success or failure of a product or service. Consumers drive the market, as their demand for specific products and services determine what is produced and in what quantity. Consumers make decisions based on their needs and wants, and in doing so, play an integral role in the economy. Consumers also influence the prices of goods and services through their demand, and as a result, they have a major influence on the business world.
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sylvia wants to create a my business account for her 3 retail locations. how can sylvia verify each location in my business?
The correct answer is: Request a mailing of a postcard to each location with a verification code she enters into her account portal i.e. Option 4
The postcard contains a five-digit verification code. To finish the interaction, Sylvia signs once again into G My Business picks where the postcard was sent, and chooses the Enter Code button at the highest point of the page.
A confirmation code is a security insurance strategy utilized by structure proprietors to keep away from Web robots from manhandling and spamming their structures. There are different check code types, yet the most generally utilized is Manual human test. This creates an irregular code inside a picture close to a text box.
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Complete Question -
Sylvia can verify each location in G My Business by request a mailing of a postcard to each location with a verification code she enters into her account portal.
Tanesha Whitman has recently been hired by Jackson Pharmaceuticals as the senior vice president of human resources. Jackson Pharmaceuticals has a history of problems within its HR department including difficulties recruiting and retaining qualified employees, EEO violations, inadequate employee training programs, and confusion regarding health benefit enrollment and coverage. With years of experience transforming HR departments in other firms, Whitman believes she can correct the problems at Jackson Pharmaceuticals. Which one of the following best supports Whitman's idea to develop a shared services arrangement to handle benefits administration
Best accommodative to handle benefits administration, Whitman proposed creating a shared services arrangement. The employees of the company would receive better help from external providers who specialize in all facets of benefits management.
What does an administrator of benefits do?A benefits administrator is in charge of managing the daily operations of group benefit programs, such as group health, dental, and vision insurance as well as short- and long-term disability, workers' compensation, life insurance, travel and accident insurance, flexible spending accounts, retirement plans, and others.Create, manage, and update an organization's employee benefits program is the process of benefit administration.Best accommodative To handle benefits administration, Whitman proposed creating a shared services arrangement. The employees of the company would receive better help from external providers who specialize in all facets of benefits management.To learn more about benefits administration refer to:
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An ad agency tracks the complaints, by week received, about the billboards in its city:
Week 1 : # of complaints: 4
Week 2 : # of complaints: 5
Week 3 : # of complaints 4
Week 4: # of complaints: 11
Week 5 : # of complaints: 3
Week 6 : # of complaints: 9
A. What type of control chart would you use to monitor this process ?
B. What are the 3-sigma control limit for this process? Assume that the historical complaint is unknown.
C. Is the process in control according to the control limits?
D. Assume now that the historical complaint rate has been four calls a week. What would the 3-sigma control limits for this process now? Has the process been in control according to the control limits?
The C chart is the ideal sort of control chart to monitor this process. We must keep track of the number of flaws throughout the process since the number of defects in a unit is reported here.
What are control charts and what kind are they?Control charts are used in statistics to check if a business or industrial organization is in a defined numerical state. This graph is a chart that shows how a process has changed over time. These diagrams are frequently referred to as process-behavior charts or Shewhart diagrams.
Number of weeks = 6
Sum of complaints = 7+7+5+7+4+19 = 49
Value of C-bar
= Complaints per week
= Sum of complai / Number of week
= 49/6
= 8.17
Using Z = 3,
UCL = C-bar + [3(Sqrt of C-bar)]
= 8.17 + [3(Sqrt of 8.17)]
= 8.17 + (3X2.86)
= 8.17 + 8.58
= 16.75
LCL = C-bar - [3(Sqrt of C-bar)]
= 8.17 - [3(Sqrt of 8.17)]
= 8.17 - (3X2.86)
= 8.17 - 8.58
= - 0.41
The control limits indicate that this process has been out of control. because there were more problems than the upper specification limit in week 6. The process is out of control when the number of faults exceeds the higher and lower specification limit, while the process is under control when the number of defects stays within the upper and lower specification limit.
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what is true of information systems? a. it is the art of solving unstructured business problems with technology. b. it is mainly about computers. c. it is for nerds who don't know how to communicate with human beings. d. it represents the matching of information technology solutions to organization strategy and the people who perform the business processes. both a and d both a and b
It refers to the art of using technology to solve unstructured business challenges and reflects how information technology solutions are matched to organizational strategies and the people who carry out business operations, which is both option a and d.
By business, what do you mean?A person engaged in business is also one who makes things or provides services with the intention of selling them for a profit. Commercial Definition. A business is an entrepreneurial organization or institution that engages in commercial activity. They may be industrial, commercial, or other types.
A business example is what?A business is an economic entity that produces and/or distributes goods and services with the aim of making money and accumulating wealth. Any type of business organization, such as a sole proprietorship, a Hindu undivided family, or a partnership firm, is acceptable.
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whenever possible, most firms should attempt to compete primarily on the basis of price. this statement is:
whenever possible, most firms should attempt to compete primarily on the basis of price. this statement is False.
Which pricing strategy may be described as having just the appropriate amount of discounts?The Goldilocks of pricing tactics is competitor-based pricing. It is predicated that anxious business owners seek to their rivals for a benchmark pricing that is "just right" in order to price their goods or services neither too low nor too high. The approach provides some guarantee, much like cost-plus pricing.
They feel that boosting sales will benefit the company more than growing profits when determining prices. Premium pricing refers to intentionally pricing a product higher than the prices established for competing products in order to attract clients who are price-sensitive or who always look for the greatest deals.
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an organization that transforms resources into an intangible output in order to create time or place utility for its customers is known as company. a. a total quality management b. a service c. an outsourcing d. a manufacturing e. the international organization for standardization 9000
An organization that transforms resources into an intangible output in order to create time or place utility for its customers is known as company manufacturing.
What does manufacturing mean in a business?
Making products by hand or machine with the intention of selling them to clients after they are finished is known as manufacturing.
Raw materials or individual elements of a larger product may be the items used in production. On a large-scale production line with equipment and skilled people, manufacturing often takes place.
Who are manufacturers?
A manufacturer is a person or business that creates finished products from raw materials using a variety of tools, equipment, and procedures, and then sells the products to consumers, wholesalers, distributors, retailers, or other manufacturers for the creation of more complicated products.
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draw a production possibilities curve for food and clothing. if you are operating on the curve, what is the opportunity cost of producing more clothing? if you are on the curve, is it possible to increase production of one good without decreasing the production of the other?
A production possibilities curve often rises when the work force in an economy increases.
What are the characteristics of the production possibility curve?This production possibilities curve displays the maximum output for two goods under resource limitations. It also exemplifies the opportunity cost for resource allocation choices.
What does PPC mean by scarcity?When going along the PPC, such as from top Dead centre ( tdc to point F, "scarcity" is exposed. For example, if good-x production improves from R to S but good-y production falls from C to E, this shows that resources are scarce or restricted since if one good's production increases, the other must as well.
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The average annual salary of the employees of a company in the year 2005 was $70,000. It increased by the same factor each year, and in 2006 the average annual salary was $82,000. Let y represent the average annual salary, in thousand dollars, after x years since 2005. Which of the following best represents the relationship between x and y
The equation for the connection among x and y is y = 70 + 12x.
Why is it referred to as salary?Because salt was so precious, soldiers with in Roman army were occasionally paid with salt rather than cash . This Latin origin may be found with in French word "salaire," which later became the term "salary" in the English language.
In 2005, the average annual wage was $82,000, which is $12,000 higher than the estimated annual wage of $70,000 in 2005. This indicates that each year, the average yearly pay climbed by $12,000.
As a result, the relationship between y, the average yearly income in dollars, and x, the amount of time since 2005, may be expressed as:
y = 70 + 12x
According to this calculation, the average yearly pay has increased by $12,000 since 2005.
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