Here, most appropriate answer is option C but other two are also correct in certain situations.
In short, Your Answer would be Option D
Hope this helps!
Answer:
goals must be challenging, requiring hard work
Explanation:
Based on the information provided within the question it can be said that in this scenario the best guideline would be that the goals must be challenging, requiring hard work. Making the goals challenging would ensure that no one individual can do it by themselves, thus encouraging teamwork among the group, thus framing effective team goals.
Answer:
19 units per order
Explanation:
the formula to calculate economic order quantity (EOQ) is:
EOQ = √(2SD/H)
- S = cost per order
- D = annual demand
- H = holding cost per unit
EOQ = √[(2 x 850 x 14) / 65] = 19.14 units
in this case to obtain the lowest possible cost you must round down your answer to 18 units per order.
The EOQ can help you determine the minimum amount of units that you should order of a product in order to reduce inventory costs.
The circular flow model is a model that shows the flow of money in major financial institutions.
<h3>What is
circular flow model?</h3>
- The circular flow model shows how money flows in an infinite loop from producers to households and back again.
- In an economy, money moves from producers to workers as wages, and from workers back to producers as workers spend money on products and services.
- In economics, a circular flow model represents the organization of the economy in a simple economic model.
- The diagram includes households, firms, markets for factors of production, and markets for goods and services.
- A circular flow model is an economic model that shows how money, goods, and services move between sectors of an economic system.
- This model is also known as the income cycle because money flows between sectors are also tracked to measure a country's national income or GDP.
To learn more about circular flow model from the given link :
brainly.com/question/11324259
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Answer:
Six Sigma
Explanation:
Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.
Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.
Generally, there are two (2) main methods of achieving the six sigma approach;
1. DMAIC: define, measure, analyze, improve and control. it is a data-driven improvement cycle used for improving processes and driving Six Sigma projects.
2. DMADV: define, measure, analyze, design and verify.
In conclusion, Six Sigma is used by various organizations or professionals to improve the level of quality of their products or services, as well as reducing to the barest minimum, the level of complaints in the services it provides to clients. Also, the Six Sigma approach to quality control avails businesses the ability to detect potential problems early, so as to prevent their occurrence.
