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Elenna [48]
3 years ago
13

Identify the three criteria you consider to be most important in determining whether or not a system is a quality system. Briefl

y discuss your rationale for selecting these criteria.
Business
1 answer:
Xelga [282]3 years ago
6 0

Answer:

Quality Management 3 criterias : Comprehensiveness, Simplicity, Risk Management

Explanation:

Quality Management is very good for fulfilling quality management needs of organisation.

Important criterions of determining quality system ; is that it adds value in under mentioned ways :

  • Complete, comprehensive solution : The tool should not be in broken parts for various functions. It should have good degree of integration for comprehending various business tasks , for complete development
  • Simple use : The user experience should be very clear & simple, free from any chaos. This will ensure proper process visibility
  • Risk Management : Businesses have to face many uncertainties, so risk management is very important part, to ensure sustainable development
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Marigold Company’s sales budget projects unit sales of part 198Z of 10,300 units in January, 12,000 units in February, and 13,50
leonid [27]

Answer:

Production Budget    Jan 10,640        Feb  12,300

Direct Materials Budget    Jan    45216  

Explanation:

Production Budget = Sales + Desired Ending Inventory - Opening Inventory

The ending inventory for one month is the opening inventory for the next. We calculate the ending inventory for

Jan= 20% 0f 12000 units=  2400

Feb = 20% of 13500 units= 2700

Marigold Company

Production Budget

                                         Jan                     Feb            March

Sales Units                     10,300               12000          13500

Add Desired

Ending Inventory            2400                2700

<u>Less Opening                 2060                2400             2700 </u>

<u>Production Budget         10,640              12,300                </u>

<u />

Direct Materials Budget = Production Budget in pounds + Direct Materials Desired Ending Inventory - Opening Inventory Direct Materials

The ending inventory for one month is the opening inventory for the next. We calculate the ending inventory for

Jan= 40% 0f 49,200 units=  19680

Dec = 40% 0f 42,560 units= 17024

Dec Ending Inv= Jan opening Inventory

Marigold Company

Direct Materials Budget

                                                  Jan                     Feb            

Production Units                     10,640               12300  

Pounds per unit                         4                           4

Production pounds                 42,560               49,200    

Add Desired

Ending Inventory                   19,680                  

<u>Less Opening                         17024                    19680         </u>

<u>Direct Materials Budget        45216                                </u>

5 0
4 years ago
People who make goods and services are called _____ .
const2013 [10]
They are called producers
8 0
3 years ago
Read 2 more answers
If the Federal Reserve lowers the target federal funds rate, Group of answer choices the discount rate rises liquidity in the ba
navik [9.2K]

Answer: Liquidity in the banking system is increased

Explanation:

The Federal Funds rate is the interest rate at which commercial banks are allowed to lend each other their excess reserves overnight to meet reserve requirements.

If this rate were to be reduced, it would make lending cheaper between banks who would then take advantage of this to borrow more occasionally. This will then translate to a higher liquidity amongst the banks.

3 0
3 years ago
Classify each item as an asset, liability, common stock, revenue, or expense. (a) Issuance of ownership shares. select the corre
Roman55 [17]

Answer:

The classified list of items is as follows:

(a) Issuance of ownership shares - Common stock

(b) Land purchased - Asset

(c) Amounts owed to suppliers - Liability

(d) Bonds payable - Liability

(e) Amount earned from selling a product - Revenue

(f) Cost of advertising - Expense

Hence, all the items are classified as asset, liability, revenue, common stock and expense.

8 0
3 years ago
Decisions made during the supply chain design phase regarding significant investments in the supply chain, such as the number an
Mars2501 [29]

Answer:

The correct answer is True.

Explanation:

A good supply chain aims to maximize the profitability of the company while trying to provide the best service in order to obtain a high degree of customer satisfaction. That is why, when planning the design, it must be customer oriented and not only focused on the company.

Steps prior to the design of the supply chain

When designing the supply chain, there are several points to consider in order to obtain a coherent and functional design.

  • The members that become part of the chain. The first thing to be fixed are the members that are part of the chain, since this will be the guide to go through the rest of the steps. Within this, a subdivision could be carried out, but it is worth mentioning that an agent can be a principal or support agent jointly depending on the work to be done at each moment:
  • Principal. They are the ones that provide direct value to the product or service.
  • Of support. They are those members whose function is to provide information or resources to the main members, such as banks.
  • Structure that forms the chain, that is, all the phases through which a product / service passes in order to be marketed as such. At this point we must try to be as meticulous as possible and always add as much as possible all the phases that are involved, both in manufacturing and in supply.
  • Processes and flows that are carried out in each of the structures mentioned above.
8 0
3 years ago
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