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Naddika [18.5K]
2 years ago
15

Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.​

Business
1 answer:
ki77a [65]2 years ago
5 0

The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.

<h3>What is the Total Quality Management?</h3>

This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.

The five concept of Total Quality Management includes:

  • Produce quality work the first time
  • Focus on the customer
  • Have a strategic approach to improvement
  • Improve continuously
  • Encourage mutual respect and teamwork.

Read more about Total Quality Management

<em>brainly.com/question/23443069</em>

#SPJ1

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For an economy starting at potential output, a decrease in planned investment in the short run results in a(n):
Kruka [31]

Question:

For an economy starting at potential output, a decrease in autonomous expenditure in the short-run results in a(n):

A. increase in potential output

B. recessionary output gap

C. decrease in potential output

D.  expansionary output gap

Answer:

The correct answer is B

Explanation:

A decrease in autonomous expenditure shifts the Planned Aggregate Expenditure curve downward thus creating a lower equilibrium output.

PAE = C + Ip + G + NX

where

PAE  = Planned Aggregate Expenditure

C = consumption

Ip = Investment Spending

G = Government Spending

NX =  Net Export

If an economy has its output equal to its potential, this will create a reduction in short-run equilibrium output leading to a recessionary output gap.

Cheers!

6 0
3 years ago
The difference between production possibilities frontiers that are bowed out and those that are linear is that a. bowed out prod
salantis [7]

Answer:

b

Explanation:

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The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

Factors that cause the PPF to shift  

1. changes in technology.  

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Identify characteristics of a corporation. Andrea has prepared the following list of statements about corporations. 1. A corpora
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Answer:

1. True

2. True

3. False

4. True

5. False

6. False

7. False

8. False

9. True

10. False

Explanation:

1. True: A corporation is an entity separate and distinct from its owners.

2. True: As a legal entity, a corporation has most of the rights and privileges of a person.

3. False: Most of the largest U.S. corporations are privately held corporations. No, They're publicly held corporations.

4. True: Corporations may buy, own, and sell property; borrow money; enter into legally binding contracts; and sue and be sued.

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6. False: Creditors have a legal claim on the personal assets of the owners of a corporation if the corporation does not pay its debts. Creditors do not have any legal claim on the personal assets of the owners of a corporation, if the corporation does not pay its debts.

7. False: The transfer of stock from one owner to another requires the approval of either the corporation or other stockholders. The transfer of stock from one owner to another, is typically at the stockholder's discretion and so doesn't require the approval of either the corporation or other stockholders.

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9. True: The chief accounting officer of a corporation is the controller.

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4 0
3 years ago
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