1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Which business is exempt from using the accrual basis for accounting? A clothing manufacturer that has average gross annual rece
AnnZ [28]

Answer:

A home improvement store that just began business last year and had $2.7 million in gross receipts.

Explanation:

The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:

  1. Partnership or C corporation with less than $5 million in total sales revenue per year
  2. Sole proprietorship or S corporation with less than $1 million in total sales revenue
  3. Cannot be a publicly traded corporation
  4. Personal service businesses with more than 95% of revenue specifically related to services.
  5. Family owned farms with total annual sales revenue less than $25 million.
3 0
3 years ago
Shortly after graduating college, Roberto took his place in his family's company in Miami. Roberto's father and uncle started a
natta225 [31]

Answer:

Importer.

Explanation:

An importer is an individual or entity that brings in products from foreign countries for sale domestically. Importers buy products that are produced in other countries. To the other country this is an export.

Roberto's father and uncle started a company that buys bauxite, copper, and other minerals from Chile, and brings them into the U.S. So the company is involved in importing activity.

Roberto brokers the trades with the mines in Chile.

6 0
3 years ago
Which of the following are functions of a small firm? I. The provision of goods and services. II. The offering of personalised s
Mumz [18]

Answer

i and ii

Explanation:

they provide goods (i)

because they are small it can be personalised

6 0
3 years ago
Oscar and Mary have no dependents and file a joint income tax return for 2018. They have adjusted gross income (all wages) of $1
MatroZZZ [7]

Answer:

$101,900

Rationale:

($140,000 - $30,000 - $8,100) Two exemptions at $4,050 each.

Explanation:

4 0
3 years ago
Laura is forecasting the time and cost of developing an intranet for a new customer. Her department has completed six such intra
madam [21]

Answer:

Learning curve

Explanation:

Reference is made to the time and cost with respect to the fact that the proposed system is about the same size as others. Learning curve theory teaches to identify cost and time in relation to specific jobs

3 0
3 years ago
Other questions:
  • How do economists calculate GDP for one year using the expenditure approach?
    5·1 answer
  • 13. A ground state hydrogen atom absorbs a photon of wavelength 94.98 nm and its electron attains a higher energy level. The ato
    5·1 answer
  • The buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show your understanding of freigh
    6·1 answer
  • Unsystematic Risk:a. can be effectively eliminated by portfolio diversificationb. is compensated for the risk premiumc. is measu
    13·1 answer
  • A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family
    11·1 answer
  • The current price of the common stock of Internet Enterprises is $100. Over the course of a year, the stock's price will either
    13·1 answer
  • Assume a companys income statefor year 9 is as follows:
    5·1 answer
  • Why do we subtract depreciation in the calculation of EBIAT if we are going to add it back as the next step of the Free Cash Flo
    13·1 answer
  • Lacey owns a bakery in Dallas. She read online that the homeland security threat level has been increased due to anticipated ter
    6·1 answer
  • Why should you purchase insurance?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!