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musickatia [10]
4 years ago
8

Total Quality Management (TQM) is a management approach that places emphasis on continuous process and system improvement as a m

eans of achieving customer satisfaction to ensure long-term company success.
1. True
2. Flase
Business
1 answer:
gogolik [260]4 years ago
3 0

Answer:

The correct answer is True.

Explanation:

It is known as total quality management to a business management strategy that consists of the study and assessment of the concept of quality in each of the phases of a production process. The purpose is the constant improvement of goods and services offered and the achievement of greater customer satisfaction. Another way to understand this concept is as a mechanism for studying and monitoring the processes and human work of a firm.

The denomination of total is understandable from the perspective that the quality required and evaluated in the strategy includes both the different levels and elements of a company and the human group that works in it. That is, the search for quality prevails in each of the different organizational processes.

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You are provided with the following information for Metlock, Inc., effective as of its April 30, 2017, year-end. Accounts payabl
Alex787 [66]

Answer:

<u>BALANCE SHEET</u>

<em>ASSETS </em>

Cash                                                       1410                

Accounts Receivable                               950

Prepaid insurance                                         110

Stock investments                                      1290

Inventory                                               1107

Equipment                                              2560

Accumulated Depreciation Equipment      -670  

Land                                                      3240

TOTAL ASSETS                                      9997

               

<em>LIABILITIES</em>  

Accounts Payable                       884

Income tax payable                185

Mortgage payable                     3640

Notes payable                       201

Salaries and wages payable      272

TOTAL LIABILITIES                    5182

NET EQUITY

Retained earnings (beginning)   1600  

Common stock                       1320  

Dividends                               -375

<em>Net Income                               2270 </em>

TOTAL NET EQUITY    4815  

TOTAL LIABILITIES+TOTAL NET EQUITY 9997  

<u>INCOME STATEMENT</u>

Sales revenue                        5240

Cost of goods sold                 -1110  

Gross Profit                                 4130  

Salaries and wages expense -650  

Insurance expense                 -260  

EBITDA                                        3220  

Depreciation expense                -285  

EBIT                                        2935  

Interest expense                        -450  

EBT                                               2485  

Income Tax expense                -215  

<em>NET INCOME                              2270</em>  

Explanation:

According to the accounting equation the total of the assets should be equal to the sum between the liabilities and net equity. One of the components of the net equity is the net income that can be visualized in the final line of the income statement.

4 0
3 years ago
The slope of the demand for loanable funds curve represents the...
USPshnik [31]

Answer: c. negative relation between the real interest rate and saving.

Explanation: Savings belong to what an economy saves from its income, which in turn represents national savings. We also have the investment and the net capital flow. The balance is reached when the amount of savings equals investment and net capital flows or demand for loanable flows.

Therefore, we can say that the demand is negative when interest rates rise, since this retracts the economy and decreases the savings and thus the money available to lend.

7 0
4 years ago
Three factors that must be noted about each and every pulse are
babunello [35]
These three factors are Rate, rythm and volume of the pulse. The pulse can be taken in different regions of the body: .temporal area, <span>carotid area, brachial area, radial area, femoral area, popliteal area and dorsalis pedis. We need to remember that the normal pulse range in adults is </span><span>60-100 beats per minute. </span>
5 0
3 years ago
Why are we forced to make choices in day-to-day life?
OLga [1]

Answer:

Because of resources are limited and we must decide

Explanation:

6 0
4 years ago
What should you do first if you receive a phone that there has been fraudulent behavior use on your credit card?
pentagon [3]
Call the bank and have them cancel the card
8 0
4 years ago
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