Edwards Deming believed that primary responsibility for quality improvement rested witha. the firm's employees only.b. the fIrm's management only.c. research engineers and consulting statisticians only.d. both the employees and management of the firm.
Edwards Deming held that the company's management and employees shared primary responsibility for quality improvement.
What exactly do both primary and secondary responsibilities mean?Therefore, one's primary tasks are the ones in which they should aim for perfection. (ii) A person's secondary responsibility in a job is a duty that is necessary or preferable for better discharge of primary duties but is not a goal in and of itself.
What are secondary obligations?This can also be used to describe things that are utterly unimportant. When you have a major responsibility, you must complete it first. Since secondly is a variant of the number two, secondary responsibilities must be completed first. You may say that a job's secondary objective is to if your main objective is to make money, gain experience.
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Suppose the CPI was 110 last year and is 121 this year.
Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is this year’s inflation rate?
____ %
b. In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year’s inflation rate?
____ %
c. What term do economists use to describe this second outcome?
Inflation or Deflation
The inflation rate is 10%, which can be computed the second answer is -1.8%. third outcome called deflation.
How to calculate CPI?a) The formula to CPI is
\(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{121-110}{110}\)
CPI= 0.1 or 10%
b) \(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{108-110}{110}\)
CPI= -0.18%
A decrease in the economy's overall price level is referred to as deflation, whereas a temporary slowdown in price inflation is known as disinflation. A decrease in the money supply, reductions in government and consumer expenditure, and reductions in corporate investment can all contribute to deflation, which is bad for an economy.
A progressive drop in consumer prices for products and services is known as price deflation. This is frequently brought on by the deflationary gap, also referred to as the demand gap, which is characterized by high supply and low demand. Consumers and businesses hold on to their money rather than spending it because they anticipate a decrease in pricing.
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Question 5 of 23
Alice isn't sure which labor rate to use in her project budget. Which employee labor rate would you tell her
to use?
Select an answer:
burdened rates
salaries plus bonus
billable rates
salaries
Answer:
billable rates
Explanation:
Since in the question it is mentioned that Alice is not sure about the labor rate that used in the project budget so here the billable rate should be used as it refers to the rate that billed for the amount of work done with respect to the project. It is to be charged upon the number of hours worked
Therefore in the given situation, the correct option is third i.e. billable rates and the same is to be considered
1. (15 points) A sales budget is given below for one of the products manufactured by the Key
Co.:
January
February
March
April
May
June
21,000 units
36,000 units
61,000 units
41,000 units
31,000 nits
25,000 units
The inventory of finished goods at the end of each month should equal 20% of the next month's
sales. However, on December 31 the finished goods inventory totaled only 4,000 units. Each unit
of product requires three specialized electrical switches. Since the production of these specialized
switches by Key's suppliers is sometimes irregular, the company has a policy of maintaining an
ending inventory at the end of each month equal to 30% of the next month's production needs.
This requirement had been met on January 1 of the current year.
Required:
a. Prepare a budget showing the required production each month for January, February, March,
and April
b. Prepare a budget showing the quantity of switches to be purchased each month for January,
February, and March.
Answer:
bkfsjbsF zc,bvjkhw 4ageyfubhjva kejdsl
Explanation:
A newly issued 10-year maturity, 4% coupon bond making annual coupon payments is sold to the public at a price of $800. The bond will not be sold at the end of the year. The bond is treated as an original-issue discount bond.
Required: Calculate the constant yield price.
The constant yield price of the newly issued 10-year maturity, 4% coupon bond making annual coupon payments sold at $800 is $14.56.
What is the constant yield price?The constant yield price is the adjusted basis multiplied by the yield at issuance and then subtracting the coupon interest.
The yield at issuance can be calculated using the yield to maturity rate (which is determined using an online finance calculator) as follows:
Data and Calculations:Face value = $1,000
Bond price = $800
Annual coupon rate = 4%
Annual interest = $40 ($1,000 x 4%)
Coupon frequency = Annually
Years to maturity = 10 year(s)
Yield to maturity (YTM) = 6.82%
Constant yield price = $14.56 ($800 x 6.82% - $40)
Thus, the constant yield price of the newly issued 10-year maturity, 4% coupon bond making annual coupon payments sold at $800 is $14.56.
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g The low cost of labor in other countries around the globe is a factor that business must consider because they are impacted by:
Answer:
The low cost of labor in other countries around the globe is a factor that business must consider because they are impacted by:
the high cost of domestic labor.
Explanation:
An entity's ability to be globally competitive in the face of foreign manufacturers with low cost of labor is not helped by the high cost of domestic labor. The cost of direct labor forms part of the computations for the cost of a product and its pricing. Cheaper imports are more affordable to consumers than local products, thus causing consumers to prefer imports to domestic products.
discuss the pillars of government sector supply chain management.
Answer:
Pillar 1 – Vulnerability. ...
Pillar 2 – Management Culture. ...
Pillar 3 – Procurement. ...
Pillar 4 – Operations. ...
Pillar 5 – Demand & Visibility.
Explanation:
hope it's helpful to you
Specific numbers or times by which individual task can be measured are most likely to be part of which of the following?
A. job evaluation
B. job standard
C. job Description
D. job review
Answer:
B. job standard
Explanation:
Advertising is NOT a good way to find harmful information about a product because a. it is not endorsed by the government. b. there are no regulations to control what is said. c. only favorable information is likely to appear. d. it is the most available source of information.
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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Identify one supply or demand shifting factor that the community could have some control over or do something about
One supply or demand shifting factor that the community could have some control over is consumer preferences and behaviors.
1. Consumer Education: The community can actively engage in educating consumers about the benefits of certain products or services. By providing information on the positive impacts of choosing certain goods or services, consumers may shift their preferences towards those options, influencing the demand.
2. Marketing and Advertising: Local businesses and organizations can collaborate to promote goods and services that align with the values and preferences of the community. Effective marketing strategies can influence consumer demand and encourage them to choose specific products, thereby shifting the demand curve.
3. Support for Local Producers: Community members can actively support local producers and businesses by purchasing their goods and services. By creating a demand for locally sourced products, the community can influence supply chain dynamics and encourage businesses to cater to their preferences.
4. Sustainable Practices: Promoting sustainable practices within the community can also have an impact on supply and demand. By advocating for eco-friendly products and services, such as renewable energy or ethically sourced goods, the community can create a shift in consumer demand, influencing businesses to adjust their supply accordingly.
5. Collaboration with Local Authorities: The community can collaborate with local authorities to enact policies that align with their preferences. For example, advocating for stricter environmental regulations or supporting initiatives that promote fair trade can influence both supply and demand factors.
By actively engaging in these steps, the community can exert some control over consumer preferences and behaviors, thereby shifting the supply and demand dynamics in their favor.
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Bobby bought 550 shares of stock at $61.25 per share. His broker charges 4% commission for round lots and 5% for odd lots. Calculate the total cost of the stock purchase.
Answer:
The total cost of the stock purchase was $ 35,371.87.
Explanation:
Since Bobby bought 550 shares of stock at $ 61.25 per share, and his broker charges 4% commission for round lots and 5% for odd lots, to calculate the total cost of the stock purchase the following calculation must be performed:
Odd lot = less than 100 shares, or sum not divisible by 100
550 = odd lot
(550 x 61.25) x 0.05 = X
33,687.5 x 0.05 = X
1,684.375 = X
33,687.5 + 1,684,375 = 35,371,875
Therefore, the total cost of the stock purchase was $ 35,371.87.
strategic goals are set by
Answer:
Strategic goals are set by and for top management and focus on objectives for the organization as a whole.
Mary, Ellen, and Doug are co-workers. Mary frequently makes sexual comments to
Doug and comments on his physique. Doug seems to find this amusing, but Ellen
finds it offensive.
True or False: Ellen is not a victim of harassment because none of Mary's comments
are directed at her.
True "Ellen is not a victim of harassment because none of Mary's comments are directed at her." Option A
Who is a victim of harassment?
Generally, It is possible for anybody, regardless of factors such as race, color, age, religion, ancestry, or se/xual orientation, to be the target of harassment or discrimination.
People who are impacted by the harassment might be victims, bystanders, or even witnesses in certain instances.
All of these people are considered to be engaged. There are instances of discrimination and harassment that were not done intentionally.
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What do you feel are the advantages of tracking and managing the gross profit margin percentage in your business?
Tracking and managing the gross profit margin percentage empowers businesses to assess financial performance, control costs, set prices effectively, benchmark against competitors, make informed decisions, and ensure financial stability and growth.
Tracking and managing the gross profit margin percentage in a business offers several advantages:
Financial Performance Analysis: The gross profit margin percentage provides a clear picture of a company's financial performance by measuring the profitability of its core operations. It indicates how effectively the company is generating revenue and managing its direct costs. By tracking this metric over time, businesses can assess their profitability trends and make informed decisions to improve their financial health.
Cost Control and Pricing Strategy: Monitoring the gross profit margin percentage helps in evaluating and controlling costs associated with production or service delivery. By understanding the direct costs and their impact on profitability, businesses can identify areas where cost reductions or efficiencies can be implemented. Additionally, the gross profit margin percentage can guide pricing decisions, as businesses need to set prices that not only cover costs but also generate sufficient gross profit to support operations and growth.
Performance Benchmarking: Comparing the gross profit margin percentage with industry standards or competitors can provide insights into a company's competitiveness and efficiency. It enables businesses to assess their relative performance in terms of profitability and identify areas for improvement. Benchmarking against industry leaders can also inspire strategies for enhancing profitability and market positioning.
Decision Making: The gross profit margin percentage is a valuable tool for making informed business decisions. It helps in evaluating the profitability of different products, services, or customer segments. By analyzing the gross profit margin percentage associated with each, businesses can identify their most profitable offerings and allocate resources accordingly. It also assists in assessing the viability of new business opportunities or expansion plans by estimating their potential impact on profitability.
Financial Stability and Growth: Tracking and managing the gross profit margin percentage contributes to the financial stability and growth of a business. A healthy and consistent gross profit margin indicates that a company is generating sufficient revenue to cover direct costs and contribute towards covering overhead expenses and generating net profit. It provides a foundation for reinvestment, expansion, and long-term sustainability.
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Why are most African countries finding it difficult to experience vast development as compared to the most countries in the north
The reason a lot of African countries are unable to experience vast development would be due to the wide spread corruption that is prevalent in Africa.
What is corruption?This is the term that is used to refer to the way that people would abuse the government offices that they hold in such a way that they would steal the resources that are meant for the collective well being of the people and turn it to their personal resources.
African nations are fond of stealing money from government purses and leaving the issue of development uncared for.
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A bank receives a deposit for $50,000. If the bank has a 10 percent reserve
requirement, approximately how much money could this initial deposit
eventually add to the economy?
Answer:
$500,000
Explanation:
ap ex
A bank having a 10 percent reserve requirement will add $500,000 to the economy on receiving $50,000 as a initial deposit.
Reserve requirements are the sums of money that a bank must have in reserve in order to cover liabilities in the event of an unexpected withdrawal. Reserve requirements are a technique used by the central bank to influence interest rates by increasing or decreasing the money supply in the economy.
According to the question, reserve requirement is 10%, and the initial deposit is $50,000.
Therefore, $50,000+$50,000×10/100 will result in the money that could be added to the economy, which is $500,000.
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Question 14 4 pts According to the 1951 United Nations Convention Relating to the Status of Refugees all refugees are entitled to citizenship status in any given country. True False
The 1951 United Nations Convention Relating to the Status of Refugees does not grant automatic citizenship status to refugees in any given country. The given statement is False.
Rather, the convention defines who qualifies as a refugee, outlines their rights and protections, and establishes the legal obligations of countries to provide asylum and protection to refugees.
While some countries may grant citizenship to refugees through naturalization processes, this is not a requirement under the convention.
Additionally, some countries may have their own domestic laws and policies regarding granting citizenship to refugees, but this is not a universal standard set forth by the convention.
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WILL MARK BRAINLIEST
What is the difference between Medicare, Medicaid, and Social Security?
Why is it important for developers to be careful when using cascading deletes?
They may create orphaned records.
They may link to data in external databases.
They may delete more records than intended.
They may disconnect the bond between tables.
Answer:
C. They may delete more records than intended.
Explanation: Just answered it on edg. 2021
Answer:
(C) They may accidentally delete more records than intended.
Explanation:
Which of the following can be the USP of an airline company? can be the USP of an airline company?
A.
we care the most
B.
on time performance, lowest fares
C.
we love our customers
D.
we understand your needs
Answer:
B
Explanation:
airplanes have a time of arrival and time hey take off so they care the most about arriving on time
Answer:
B
Explanation:
I took the test!
used to protect all sorts of building structures
what is it?
Answer:
Your answer is Paint is used to protect all sorts of buildings and structures from the effects of water and sun
Explanation:
Hope this helps u
Crown me as brainliest:)
Values for the first year of a project are projected as: Sales = $1.800, Depreciation = $300, Fixed costs = $450, Variable costs = $620, Tax rate = 34 percent, What is the OCF?
Answer:
the operating cash flow or OCF is $583.80
Explanation:
The computation of the operating cash flow or OCF is given below:
= (Sales - variable cost - fixed cost - depreciation) × (1 - tax rate) + depreciation expense
= ($1,800 - $620 - $450 - $300) × (1 - 0.34) + $300
= $430 × 0.66 + $300
= $283.80 + $300
= $583.80
Hence, the operating cash flow or OCF is $583.80
Small Business Management (1)
There are at least eight different pricing strategies for established goods and services. Explain FOUR (4) of those strategies and under what conditions a business owner should use them.
The four pricing strategies commonly used by businesses for established goods and services are Penetration Pricing, Skimming Pricing, Premium Pricing and Bundle Pricing.
Here are four pricing strategies commonly used by businesses for established goods and services, along with the conditions under which they can be applied:
Penetration Pricing: Penetration pricing involves setting a low initial price for a product or service to quickly capture market share. This strategy is typically used when a business wants to enter a competitive market or launch a new product. Skimming Pricing: Skimming pricing is the opposite of penetration pricing. It involves setting a high initial price for a product or service and gradually lowering it over time. This strategy is often employed for products with unique features or a competitive advantage. Premium Pricing: Premium pricing involves setting a higher price than competitors to position the product or service as exclusive or of higher quality. This strategy is commonly used when a business wants to create a perception of luxury, prestige, or uniqueness. Bundle Pricing: Bundle pricing involves packaging multiple products or services together and offering them at a discounted price compared to purchasing each item individually. This strategy encourages customers to buy more items by providing them with a perceived value or cost savings.For such more question on Penetration:
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Question 7 of 10
Business health insurance plans are
A. required
B. varied
C. non-existent
D. uniform
so
"Analyze why the principled negotiation would be the most suitable strategy in international trade negotiation? Take examples to support your answer."
I have to write a report of 15-20 pages to answer this. Any help please :(?
The reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.
The principled type of negotiation is recognized as an interest-based class of negotiation.
A principled negotiation is known as a winner-take-all style of negotiation that is focused on a specific goal of winning.In a principled type of negotiation, there are no space for consideration of other party’s needs and requirements.However, a principled negotiations is limited because it can fail to settle dispute or conflict even if a parties has the highest intentions and negotiating skills.In conclusion, the reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.
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Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.
Multiple Choice
$7,800.
$6,240.
$6,200.
$7,850.
$7,750.
Answer:
Explanation:
Annual depreciation=(cost-salvage value)/useful life
Annual depreciation =(156,000-1000)/20
Annual depreciation =$7750/year
Hence Depreciation for second year=$7750.
what are the benefits of a clear recruitment process
Answer:
Saves Time and Money. One of the most significant benefits of a solid recruitment plan is saving you time and money. ...
Employee Retention/Reduce Turnover. ...
Consistency/Compliance. ...
Employer Credibility/Reputation
Explanation:
their you
Which of the following is a reason that businesses invest in capital, such as technology and new equipment? Decrease production possibilities Increase production possibilities Maintain production possibilities An outcome cannot be determined
A reason that businesses invest in capital is to increase the production possibilities.
Why do businesses invest in capital?
Capital include all the man-made resources that are used in the production process. Capital is one of the factors of production. Examples of a capital include technology and new equipment.
Capital increases the production possibilities of a firm and it is also increase the efficiency and quality of output. For example, imagine that a company stores records in files in a cabinet. Now, imagine that the firm buys a computer and uses the computer to store information instead. The amount of data that can be stored now has increased. Also, the data stored are better preserved.
Some of the disadvantages of capital is that it can be expensive to acquire and sometime it can render the job functions rendered by humans obsolete.
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Answer:
Increase production possibilities
Explanation:
just took the quiz
Decision Point: Getting to Know the Company
Your first step as a turnaround consultant is to get more familiar with the company. What should you review first in order to understand more about the company?
The mission statement was your choice. The wisest company decision was that. The organization's mission statement is a great place to start because it describes how the organisation will fulfil its purpose in the context of the environment in which it operates.
An essential tool for determining how well your company has done in relation to its objectives is strategic evaluation. It's a crucial way to evaluate your successes and shortcomings and is also helpful for organization's your goals, which may have been set at a different time or under different conditions. Review strategies are methods for re-engaging with previously learned material to keep it current in your memory.
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