What are the approaches companies use in implementing quality control policies
Answers
Companies implement quality control policies through approaches such as Total Quality Management, Six Sigma, Lean Manufacturing, ISO certification, and Quality Circles. These approaches promote a systematic and proactive approach to quality. Some common approaches include:
1. Total Quality Management (TQM): TQM is a comprehensive approach that focuses on involving all employees in continuous quality improvement. It emphasizes customer satisfaction, employee involvement, process improvement, and the use of data-driven decision making.
2. Six Sigma: Six Sigma is a data-driven approach aimed at reducing defects and variations in processes. It uses statistical analysis and methodologies to identify and eliminate errors, ultimately striving for near-perfect quality levels.
3. Lean Manufacturing: Lean principles focus on eliminating waste and maximizing value in processes. It aims to streamline operations, reduce lead times, and improve efficiency by eliminating non-value-added activities.
4. ISO Certification: Many companies adopt internationally recognized ISO standards (e.g., ISO 9001) to ensure consistent quality and customer satisfaction. These standards provide a framework for implementing quality management systems and continuous improvement.
5. Quality Circles: Quality circles involve small groups of employees who come together to identify and solve quality-related problems. They encourage employee engagement and collaboration, allowing for the sharing of knowledge and ideas to improve quality.
Learn more about ”ISO standards” here:
brainly.com/question/32087410
#SPJ11
Related Questions
Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answers
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
Learn more about Fiscal policy:
https://brainly.com/question/1114207
The number of a country’s unemployment workers decreased from 5.3 million to 3.9 million last year. If the country’s population remained constant at 75 million, how did its unemployment rate change last year?
Answers
The country's unemployment rate decreased by 1.87% last year.
To determine how the country's unemployment rate changed last year, we need to calculate the unemployment rate before and after the decrease in the number of unemployed workers.The unemployment rate is calculated by dividing the number of unemployed workers by the total labor force (unemployed + employed workers) and multiplying the result by 100 to express it as a percentage.Before the decrease, the number of unemployed workers was 5.3 million. Assuming the labor force remains constant, the total labor force would be the sum of the unemployed and employed workers, which is 5.3 million + (75 million - 5.3 million) = 75 million.Therefore, the initial unemployment rate was (5.3 million / 75 million) * 100 = 7.07%.After the decrease, the number of unemployed workers became 3.9 million. The total labor force remains constant at 75 million.Therefore, the new unemployment rate is (3.9 million / 75 million) * 100 = 5.2%.The change in the unemployment rate can be calculated by subtracting the new rate from the initial rate: \(7.07% - 5.2% = 1.87%\).Hence, the country's unemployment rate decreased by 1.87% last year.For more questions on unemployment
https://brainly.com/question/305041
#SPJ8
which republicans voted for debt ceiling
Answers
Answer:
John Barrasso of Wyoming, Roy Blunt of Missouri, Susan Collins of Maine, John Cornyn of Texas, Mitch McConnell of Kentucky, Shelley Moore Capito of West Virginia, Lisa Murkowski of Alaska, Rob Portman of Ohio, Mike Rounds of South Dakota, Richard Shelby of Alabama, and John Thune of South Dakota.
Marisol started a small business employing several social workers and nurses who visit and care for persons who have left hospital care but are not quite ready to be on their own at home. As the ceo of the firm, marisol decided it was time to hire a business operations manager and a marketing manager to handle the details of the business. What function of management was marisol primarily performing?.
Answers
The function of management that marisol primarily performing when started a small business employing several social workers and nurses who visit and care for persons is Organizing.
What is Organizing as function of management?Organizing, can be described as one of the important management function which is been engaged on by the manager after planning, and this encompass the process of assignment of tasks.
It should be noted that this process entails the act of grouping of tasks into departments and also attaching the necessary authority along with the adequate responsibility.
In this case it should be noted that function of management that marisol primarily performing when started a small business employing several social workers and nurses who visit and care for persons is Organizing to achieve common goals in the organization and this remain one of the crucial function in the organization for successful management.
Learn more about function of management at:
https://brainly.com/question/25703249
#SPJ1
NOTE; The question is complete because there is no given option even on the internet.
What was Apple's original mission statement?
Answers
Apple's original mission statement was first created in the 1970s when the company was founded. The mission statement was simple and focused on the company's goal of creating personal computers that were easy to use.
It read: ""Apple Computer is committed to protecting the individual user's right to privacy by providing the highest quality personal computer at a reasonable price.""
A mission statement is a statement of purpose that defines a company's goals and values. It guides the company's actions and decision-making and helps to communicate the company's vision to its employees and customers.
In the 1980s, as the company expanded and began to develop new products, the mission statement was revised to reflect the company's broader range of products and services.
know more about mission here
https://brainly.com/question/3897393#
#SPJ11
Why is it necessary to invest for retirement instead of saving for retirement?
Answers
Answer:
Compound interest is likely the most significant benefit of investing early in retirement. Though there's no guaranteed set rate of return, when you start saving for retirement earlier, you'll end up with more money with a smaller capital investment than if you wait until later in your career
Explanation:
ll of the following are economic benefits of maintaining relationships with current customers EXCEPT: a. happy customers refer friends and colleagues. b. new customers increase profits more than current customers. c. order-processing cost are less for returning customers. d. long-time customers spend more money than new customers.
Answers
It costs more selling to new customers than old customers, therefore economic benefits of maintaining relationships with current customers will include all of the listed options EXCEPT: b. new customers increase profits more than current customers.
Customer relationship management is very key in every business as it is one very important strategy to customer retention.
When a good relationship is created and maintained with current customers, economic benefits that such business will get could include:
Satisfied customers can refer their friends and colleaguesIt saves cost when a returning customer is making new orders.Satisfied customers who have a good relationship with the business will be more willing to spend more than new customers who are still having trust issues.Thus, it costs more selling to new customers than old customers, therefore economic benefits of maintaining relationships with current customers will include all of the listed options EXCEPT: b. new customers increase profits more than current customers.
Learn more here:
https://brainly.com/question/21657632
What do behaviorist and cognitivist theories have in common?
a. Praise is an important aspect of learning in both of them.
b. They both rely on a simple stimulus-response system.
c. Repetition is an important aspect of learning in both of them.
d. They both accept that the mind has a conscious role in learning.
Answers
Stocks and bonds are different in which primary way?
Answers
Answer:
Explanation:
One major difference between the bond and stock markets is that the stock market has central places or exchanges where stocks are bought and sold. The other key difference between the stock and bond market is the risk involved in investing in each
Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
Answers
Social Security and Medicare taxes
Corporate income taxes
Excise taxes
Custom duties
miscellaneous revenue
What kind of lights can be used to highlight merchandise while leaving the rest of the display space dimly lit or dark? _______ can be used to highlight merchandise while leaving the rest of the display space dimly lit or dark.
Answers
Answer:
Accent light can be used to highlight merchandise whilst keeping other space dark.
Explanation:
Answer:
Spotlights
Explanation:
Mason Transport Company divides its operations into four divisions. A recent income statement for its West Division follows. MASON TRANSPORT COMPANY West Division Income Statement for the Year 2015 Revenue $ 250,000 Salaries for drivers (175,000 ) Fuel expenses (25,000 ) Insurance (35,000 ) Division-level facility-sustaining costs (20,000 ) Companywide facility-sustaining costs (65,000 ) Net loss $ (70,000 ) Required a-1. By how much would companywide income increase or decrease if West Division is eliminated?
Answers
Answer:
a-1 $5,000 Increase
a-2 YES
b $15,000 Increase
Explanation:
a-1 Calculation for how much would companywide income increase or decrease if West Division is eliminated
Using this formula
Income =Net loss - Company-wide facility sustaining costs
Let plug in the formula
Income =$70,000-$65,000
Income =$5,000 Increase
Therefore how much would companywide income increase if West Division is eliminated is $5,000
a-2 YES West Division should be eliminated based on the above calculation reason been that the net income will increase by the amount of $5,000
b. Calculation to Determine the amount of the increase or decrease that would occur in companywide net income.
Net income =($ 270,000-$250,000)-$5,000
Net income=$20,000-$5,000
Net income=$15,000 Increase
Based on the above calculation the net income would increase by the amount of $15,000
Therefore the amount of the increase that would occur in companywide net income is $15,000
Match the following techniques for handling objections with the time each is appropriate to use.
Postpone =>
Denial = Ignore = Accept =
Use this when the objection is a stalling mechanism or not important to the prospect.
Use this when the objection will be dealt with later in the presentation.
Use this when the objection is valid and the subject can be probed for further discussion.
Use this when the objection is based on misinformation and its untrue.
Answers
Postpone: Use when the objection is a stalling mechanism or not important to the prospect.
Denial : Use denial when the objection is based on misinformation and untrue.
Ignore : can be used when the objection will be dealt with later in the presentation.
Accept : Use when the objection is valid and can be probed for further discussion.
Handling objections is an important part of the sales process. Different objection-handling techniques can be used based on the nature of the objection and the stage of the sales presentation. The following techniques can be matched with the appropriate time to use them:
Postpone: This technique is used when the objection raised by the prospect is seen as a stalling mechanism or not important to their decision-making process. The salesperson acknowledges the objection but suggests that it will be addressed later in the presentation. This allows the salesperson to continue with the presentation and address the objection at a more appropriate time.
Denial = Ignore = Accept: These techniques are used when the objection is based on misinformation or misunderstanding. Denial is used when the objection is untrue, and the salesperson can provide evidence or clarification to refute it. Ignore can be used when the objection is not critical at the present moment and will be addressed later in the presentation. Accept is used when the objection is valid and requires further discussion. The salesperson acknowledges the objection, explores it further, and provides relevant information or solutions to address the concern.
Learn more about sales here:
https://brainly.com/question/29436143
#SPJ11
What are the differences between flexibility and compromise
Answers
Answer:
Flexibility mean you're more flexible about doing something. For example you could have flexible working hours which would mean you can work alot of the time like you can bend easily around when you work and compromise means you're wiling to meet in the middle so an agreement made that makes everyone happy.
Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:
Estimated total manufacturing overhead at the beginning of the year $481,250
Estimated direct labor-hours at the beginning of the year 35,000 direct labor-hours
Results of operations:
Actual direct labor-hours 40,000 direct labor-hours
Manufacturing overhead:
Indirect labor cost $ 179,000
Other manufacturing overhead costs incurred $ 465,000
Answers
Answer:
The results are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 481,250 / 35,000
Predetermined manufacturing overhead rate= $13.75 per direct labor hour
Now, we allocate overhead based on actual hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 13.75*40,000
Allocated MOH= $550,000
Finally, the under/over applied overhead and the closing to cost of goods sold:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 644,000 - 550,000
Underapplied overhead= $94,000
When overhead is underapplied, we need to debit the cost of goods sold.
COGS 94,000
Manufacturing overhead 94,000
Which of the following should NOT appear on a resume?
age
work experience
education
references
Answers
Answer:
Age
Explanation:
Age should not appear on a resume.
Extra : -
These also should not appear on a resume
Too much informationA solid wall of text.Spelling mistakes and grammatical errors.Inaccuracies about your qualifications or experience.Unnecessary personal information.Your age.Negative comments about a former employer.Details about your hobbies and interests.in general, why is it more expensive for a company to finance with equity capital than with debt capital?
Answers
Equity capital is generally more expensive than debt capital due to several reasons. These reasons include: Equity capital involves more risk than debt capital. Debt capital is borrowed money, and the lender expects to be repaid with interest. On the other hand, equity capital involves taking on investors who own a portion of the company.
Investors in equity capital expect to receive a return on their investment in the form of dividends and/or an increase in the value of their shares. Equity investors bear the risk of losing their investment if the company doesn't perform well. There is no fixed repayment schedule for equity capital.
Debt capital has a fixed repayment schedule. Equity capital, on the other hand, is considered an indefinite investment. Investors in equity capital expect to be compensated through returns on their investment, but they do not have a fixed repayment schedule. This means that if the company becomes profitable, it may have to share its earnings with equity investors for an indefinite period of time. This makes equity capital more expensive than debt capital. Equity capital comes with more strings attached than debt capital.
Equity investors usually expect some degree of control over the company's decision-making process. They may require a say in the company's strategy, management, or other aspects of its operation. This can be a costly expense for the company since it means giving up some control over its business to equity investors. These factors make equity capital more expensive than debt capital. However, there are also benefits to equity financing, such as not having to make interest payments or repay the principal amount borrowed.
To know more about Equity visit :
https://brainly.com/question/30685322
#SPJ11
Braedon’s employer is requiring his employees to work ten-hour days for the next week, starting on April 10th. In which workplace is Braedon most likely working?
a mortgage company
a credit union
a tax preparation office
an insurance company
Answers
Answer:
C
Explanation:
I got it correct
Voice recognition systems have created new issues for the workplace, including what?
Answers
Voice recognition systems in the workplace have introduced new challenges and issues. Some of these include privacy concerns and data security risks, potential biases in the system's recognition accuracy, and difficulties in adapting to different accents and languages.
Voice recognition systems have raised privacy concerns and data security risks in the workplace. Since these systems involve the collection and storage of individuals' voice data, there is a potential for misuse or unauthorized access to sensitive information. Organizations need to implement robust security measures to protect the data and address privacy concerns.
Another issue with voice recognition systems is the potential for biases in their recognition accuracy. These systems rely on training data, which may not be representative of diverse accents, languages, or speech patterns. This can result in the system having difficulty accurately recognizing and transcribing certain voices, leading to frustration and inefficiency for employees.
Furthermore, adapting voice recognition systems to different accents and languages can be challenging. Accents and dialects vary widely, and the system may struggle to understand and interpret non-standard or unfamiliar speech patterns. This can lead to misinterpretations and errors in transcription, affecting communication and productivity in the workplace.
Overall, while voice recognition systems offer many benefits, such as improved efficiency and convenience, they also introduce new challenges and issues that organizations need to address. Privacy, security, biases, and adapting to diverse accents and languages are among the key concerns that need to be carefully managed to ensure effective and fair use of these systems in the workplace.
Learn more about organizations here:
https://brainly.com/question/28497652
#SPJ11
a contract may be voidable if: a. one party leaves town. b. one party decides to cancel the contract. c. one party is a minor.
Answers
A contract may be voidable if "c. one party is a minor."
A contract may be voidable if one party is a minor.
Minors, typically individuals under the age of 18, are considered to have limited capacity to enter into legally binding contracts.
As a result, they have the option to either affirm or disaffirm (cancel) a contract they entered into while still a minor.
This means that a minor can choose to enforce the contract or reject it without being held fully liable for any breach.
Options a and b are not accurate reasons for a contract to be voidable. Leaving town or deciding to cancel the contract alone does not automatically make a contract voidable.
There may be specific conditions or contractual provisions that allow for cancellation or termination, but these would need to be outlined in the contract itself.
Learn more about contract at: https://brainly.com/question/5746834
#SPJ11
the term______efers to testing how a problem solution reacts to changes in one or more of the model parameters.
Answers
The term sensitivity analysis efers to testing how a problem solution reacts to changes in one or more of the model parameters.
What is sensitivity analysis explain?
Sensitivity analysis is a technique used in financial modeling to examine how various values of a group of independent variables affect a certain dependent variable under particular circumstances.
Which of the two sensitivity analysis types are they?
To analyze sensitivity, there are primarily two methods: Analysis of local sensitivity. Analysis of global sensitivity
What does data analytics' sensitivity analysis entail?
Sensitivity analysis is the scientific process of figuring out how much a system varies in response to a particular range of input. Sensitivity analysis has been used with a variety of analytical models, particularly to decompose output variance.Learn more about sensitivity analysis
brainly.com/question/13266122
#SPJ4
Which of the following is a type of sales promotion?
Free Samples
All of these
Coupons
Customer Loyalty Programs
Answers
Free Samples, Coupons, and Customer Loyalty Programs are the types of sales promotion. All of the above is the correct option. The correct option is B.
Free samples increase the possibility of future sales by enabling consumers to test a product before making a purchase.
Coupons encourage consumers to make purchases and may draw in new clients by providing discounts or special offers on goods or services.
Customers that use loyalty programs frequently receive points, awards, or special deals in exchange for their continued business. These initiatives try to keep current clients and promote reordering.
Thus, the ideal selection is option B.
Learn more about loyalty programs here:
https://brainly.com/question/28497865
#SPJ4
Exhibit 9.2 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Assume that the dividend payout ratio will be 75 percent when the rate on long-term government bonds falls to 8 percent. Because investors are becoming more risk averse, the equity risk premium will rise to 7 percent and investors will require a 15 percent return. The return on equity will be 12 percent. Refer to Exhibit 9.2. What is the expected sustainable growth rate
Answers
Answer:
3%
Explanation:
Expected sustainable growth rate = (1 - Payout ratio) * Return on Equity
Expected sustainable growth rate = (1 - 0.75) * 12%
Expected sustainable growth rate = 0.25 * 0.12
Expected sustainable growth rate = 0.03
Expected sustainable growth rate = 3%
So, the expected sustainable growth rate is 3%
eastern imports incorporated sold 12,000 units in august. per unit selling price and variable expense were $30 and $15, respectively. fixed expense incurred for august totaled $120,000. required: prepare the august income statement for eastern imports in the contribution margin format.
Answers
Eastern Imports Incorporated's income statement for August was prepared using the contribution margin format. The company sold 12,000 units in August, with a selling price of $30 per unit and variable expenses of $15 per unit.
The contribution margin per unit was calculated to be $15, and the total contribution margin for the month was $180,000. The company's fixed expenses for August were $120,000.
To prepare the income statement, the sales revenue was calculated by multiplying the number of units sold by the selling price per unit. The variable expenses were calculated by multiplying the number of units sold by the variable expense per unit. The contribution margin was calculated by subtracting the total variable expenses from the sales revenue.
Finally, the net income was calculated by subtracting the fixed expenses from the contribution margin.
To learn more about “net income” refer to the https://brainly.com/question/28390284
#SPJ11
ones company is a consulting firm and applies indirect overhead costs based on billing hours. the firm expects to have $75,000 in indirect costs during the year and bill customers for 7,500 hours. the cost of direct labor is $55 per hour. what is the predetermined overhead allocation rate for jones company?
Answers
The predetermined overhead allocation rate for Jones Company is calculated by dividing the total expected indirect costs of $75,000 by the total expected billable hours of 7,500.
The resulting rate is $10 per hour. This rate can then be added to the cost of direct labor to determine the total cost of the services provided. For example, if Jones Company were to provide services for one hour, the customer would be billed $65 (direct labor cost of $55 plus overhead allocation rate of $10). This rate will be used to allocate the total expected overhead costs to each individual customer, which will in turn help the company to maintain its desired profit margins. By calculating the overhead allocation rate in advance, Jones Company will have a greater ability to control costs, budget for the upcoming year, and plan for future growth.
Learn more about profit margins here:
https://brainly.com/question/28903349
#SPJ4
which of the following actions could affect a company’s amount of discretionary expenditures?
Answers
Discretionary expenditures refer to expenses that are not essential for the day-to-day operations of a company but are al and can be adjusted or eliminated based on the company's discretion.
Several actions can affect the amount of discretionary expenditures a company incurs. Here are some examples:
1. Cost-Cutting Measures: Implementing cost-cutting measures can directly impact discretionary expenditures. Companies may reduce or eliminate certain discretionary expenses, such as travel and entertainment expenses, employee perks, marketing and advertising budgets, training programs, or non-essential capital expenditures.
2. Strategic Investments: Conversely, making strategic investments can increase discretionary expenditures. If a company decides to allocate more resources towards research and development, innovation, market expansion, or new product development, it may increase discretionary spending in these areas.
3. Changes in Business Strategy: A shift in the company's business strategy can have implications for discretionary expenditures. For example, if the company decides to prioritize cost leadership, it may reduce discretionary spending to focus on cost control and efficiency. On the other hand, if the strategy emphasizes differentiation and innovation, it may allocate more funds towards discretionary activities that support these goals.
4. Economic Conditions: Economic conditions can influence the amount of discretionary expenditures. During periods of economic downturn or financial constraints, companies may reduce discretionary spending as part of cost-saving measures. Conversely, in favorable economic conditions with strong growth prospects, companies may be more willing to invest in discretionary areas to capitalize on opportunities.
Learn more about business here:
https://brainly.com/question/15826604
#SPJ11
Q:Which of the following actions could potentially impact a company's amount of discretionary expenditures?
Savory bean company makes and sells a sweet espresso coffee beverage under the name "sugar sugar. " tropic roast, inc. , later markets a similar drink under the name "sweet sweet. " this is most likely?.
Answers
Savory Bean Company makes and sells a sweet espresso coffee beverage under the name "Sugar Sugar." Tropic Roast, Inc., later markets a similar drink under the name "Sweet Sweet." This is most likely to be trademark infringement.
The use of a trademark alone without the owner's or any licensees of a company's consent constitutes trademark infringement. Unauthorized use of a trademark or service mark on or in connection with products and/or services in a way that is most likely to cause ambiguity, deceit, or error regarding the origin of the services is termed trademark infringement. Three essential components must be proven in order to prove trademark infringement in a company: "use," "in commerce," and "likelihood of confusion." Fair use or parody are the two main affirmative defences that defendants in a trademark infringement or dilution action may raise.
Learn more about trademark infringement here
https://brainly.com/question/26718803
#SPJ4
Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.
Answers
Answer: A - expands the frontier on their production possibilities curves
Explanation:
It was correct when checked
Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.
What is business growth?An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.
Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.
Hence, option A holds true regarding the business growth.
Learn more about business growth here:
https://brainly.com/question/1384274
#SPJ2
y'all anyone have any name ideas for a brand for race cars
im kinda lost right now so any suggestions would be cool I could start from there and evolve
Answers
Answer:
turbo rush
Explanation:
what were capital resources in the kingdom of mocha
Answers
Answer:
Bartering and the use of natural resources
Explanation:
It is correct