The analytic technique utilized after an adverse event occurs to prevent its recurrence is called Root cause analysis.
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What are the root cause analysis five steps?</h3>
- Root cause analysis is a technique for problem-solving used in science and engineering to determine the underlying reasons of errors or issues.
- It is frequently utilized in areas like information technology operations, telecommunications, industrial process control, accident investigation, and the healthcare sector.
- Realize the Issue: To start, you must decide what went wrong.
- Gather a Good Amount of Information.
- Determine the Related Causal Factors.
- Create a conclusion.
- Make any necessary adjustments.
- The analytic technique utilized after an adverse event occurs to prevent its recurrence is called
- Root cause analysis.
To learn more about the Root cause analysis, refer to the following link:
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Answer:
True
Explanation:
Experiments regarding consumer behavior have shown that consumers usually expect a product to have a certain price that serves as a reference price that they use to determine if a retailer's price is high (more expensive than the reference price) or low (cheaper than the reference price).
It is normal (but unethical) that some retailers increase their prices a little before starting a sales campaign, since a higher reference price will make consumers believe that the offer is even better.
Answer:
$180
Explanation:
Calculation to determine Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.
Using this formula
Warrant liability=Numbers of mixers sold × Percentage of mixers returned for repair or replacement ×The average cost to ship a mixer
Let plug in the formula
Warrant liability=30 x 10% x $60
Warrant liability=$180
Therefore Cookie Creations’ warranty liability for the shipping costs at December 31, 2020 will be $180
Answer:
Her expectation that all her employees would adhere to the laws applicable to the business
Explanation:
By adhering to the laws applicable to her business, and expecting that her employees would follow suit, helped to protect the business from the liability related to breaching laws. Moreover, operating within the legal requirements serves as the first step towards operating as an ethical firm.
