Sarah is demonstrating a critical thinking. Critical
thinking can be defined as the awakening of intellect to study itself. It is
also the ability to think and analyze fasts to form a judgement. Critical
thinking also refers as the ability to think clearly and rationally regarding
what to do and what to believe.
Answer:
E. I, II, and IV only
Explanation:
Six sigma is a management technique that involves measuring the number of defective products resulting from production activities, and carefully undergoing certain processes to reduce these defects and improve quality.
The DMAIC cycle is an important process when using the six sigma technique. It involves;
• Defining the goals and objectives to be achieved and problems to be fixed.
• Measuring the production process to see how it currently performs and gathering data on defective products.
• Analysing the processes to find root causes of problems and possible causes of defects.
• Improving the process by implementing carefully formed plans which will help reduce defects.
• Controlling how the new processes are implemented to yield and sustain favorable results and deliver value to customers.
Six sigma aims to remove variations from business processes to reduce product defects and improve quality.
Answer:
Foreign currency transaction loss : $1000
Account payable : $1000
Explanation:
Answer:
![Price Elasticity of Demand= \frac{Percentage change in Demand}{Percentage change in Price}](https://tex.z-dn.net/?f=Price%20Elasticity%20of%20Demand%3D%20%5Cfrac%7BPercentage%20change%20in%20Demand%7D%7BPercentage%20change%20in%20Price%7D)
At Price = ![P_{0}](https://tex.z-dn.net/?f=P_%7B0%7D)
Quantity demanded =
At Price = ![P_{1}](https://tex.z-dn.net/?f=P_%7B1%7D)
Quantity Demanded =
Now,
![Percentage change in Demand = \frac{(Q_{1} - Q_{0})}{Q_{0}}](https://tex.z-dn.net/?f=Percentage%20change%20in%20Demand%20%3D%20%5Cfrac%7B%28Q_%7B1%7D%20-%20Q_%7B0%7D%29%7D%7BQ_%7B0%7D%7D)
![Percentage change in Price = \frac{(P_{1} - P_{0})}{P_{0}}](https://tex.z-dn.net/?f=Percentage%20change%20in%20Price%20%3D%20%5Cfrac%7B%28P_%7B1%7D%20-%20P_%7B0%7D%29%7D%7BP_%7B0%7D%7D)
Above formula if used will give the correct answer related to Price Elasticity of Demand.
Another variant of above formula is also being used on prominent basis.
Utilization of any of the above Formula will give the ideal outcome in estimating Price elasticity of demand.