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kifflom [539]
2 years ago
13

Many organizations use the same process capability standard for all their products or services (e.g., 1.33), but some companies

use multiple standards: different standards for different products or services (e.g., 1.00, 1.20, 1.33, and 1.40). what reasons might there be for using a single measure, and what reasons might there be for using multiple standards
Business
1 answer:
Sloan [31]2 years ago
8 0

The reasons to use single measure and multiple standards are given below.

<h3>The reasons for using a single measure and multiple standards are:</h3>
  • The use of a single-item measure decreases the possibility of common method variance, which occurs when misleading correlations are seen due to the usage of the same response format rather than item content. Furthermore, the face validity of the single-item measure should not be overlooked.
  • Standards ensure the safety, quality, and dependability of products and services; they facilitate trade and safeguard our and the environment's health. Standards in business improve systems and processes by reducing waste, lowering costs, and ensuring uniformity.
  • Standards also help to rationalize and minimize production costs, which helps to meet consumer demands for low-cost services while retaining high quality.
  • Standards specify quality and minimum criteria and give accepted solutions for consumer, health, safety, and environmental protection.

Therefore, the reasons for using the single measures and multiple standards are given.

Know more about multiple standards here:

brainly.com/question/24553900

#SPJ4

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The doctrine of promissory estoppel: Select one: a. makes the contracts unenforceable. b. does not make promises enforceable. c.
MrMuchimi

Answer:

protects reliance, not bargains

Explanation:

The Doctrine of Promissory Estoppel aims to protect the mutual reliance that the promiser makes to the promisee while signing a contract or a deal.

It is a legal course of action in many countries which aims to safeguard the contract rules even though the Promissory Estoppel is oral in nature. Breach of trust is highly condemnable as the two parties have engaged in an agreement that centers upon a guarantee irrespective of the situation.

8 0
3 years ago
Assume that an investor owns 30% of an investee, and accounts for its investment using the equity method. At the beginning of th
Vladimir [108]

Assume that an investor owns 30% of an investee, and accounts for its investment using the equity method. At the beginning of the year, the Equity Investment was reported on the investor's balance sheet at $300,000. During the year, the investee reported net income of $114,000 and paid dividends of $20,000 to the investor. In addition, the investor sold inventory to the investee, realizing a gross profit of $48,000 on the sale. At the end of the year, 20% of the inventory remained unsold by the investee.

6 0
2 years ago
For Maahir, shampoo (S) and conditioner (C) are perfect complements. He uses 1 pump of shampoo and 1 pump of conditioner every t
MariettaO [177]

Answer:

a. What do Maahir's indifference curves for shampoo and conditioner look like?

  • They are L-shaped.

When two goods are perfect complements, their indifference curve will be L-shaped. When two goods are perfect substitutes, their indifference curve will be a straight line with a -1 slope.

b. Assume that shampoo costs $0.40 per pump and conditioner costs $0.20 per pump. If Maahir's budget for shampoo and conditioner is $12, use the space below to write the equation for his budget constraint.

0.4S + 0.2C = 12

S = C

the optimal bundle = 12 / 0.6 = 20 pumps of shampoo and 20 pumps of conditioner

Explanation:

3 0
3 years ago
During its first year of operations, Drone Zone Corporation (DZC) bought goods from a manufacturer on account at a cost of $56,0
ziro4ka [17]

Answer:

Inventory                 56,000 debit

 Accounts payable                       56,000 credit

Accounts payable     8,600 debit

          inventory                               8,600 credit

Accounts receivable 70,600 debit

          service revenues                70,600 credit

Cost of Goods Sold   44,000 debit

        Inventory                              44,000 credit

sales returns&allwoance 7,400 debit

              Accounts receivable       7,400 credit

Inventory                     4,600 debit

   Cost of goods sold                    4,600 credit

sales returns&allwoance 9,610 debit

  Allowance for sales returns       9,610 debit

Explanation:

most are self-explanatory

 For the returns we decrease teh accounts receivables and use sales retuns and allowance to latter calcualte net sales.

Next we decrease COGS for the amount of inventory which can be resale.

 The last one, we need to decrease the accounts receivables for the expected amount customer will return so we use an allowance account rather than directly decrease accounts receivables. This is the same procedure like expected uncollectible ammounts

 

4 0
3 years ago
Which best describes an investor’s primary goal?
tigry1 [53]
An investors primary goal is to make money. More specifically, money that is greater than the sum amount initially invested.
9 0
3 years ago
Read 2 more answers
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