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umka21 [38]
3 years ago
10

When tackling process improvement, deming found that the ____________of the variation was critical?

Business
1 answer:
MatroZZZ [7]3 years ago
5 0
The knowledge of variation was critical.

Most important is understanding what is below.

It seems that most business executives were not trained on understanding processes and variation. They study how to manage people and money, but not how to listen to a process through data, and use that data to make improvements. Because many are not familiar with Dr. W. Edwards Deming’s enlightened insights on data and variation, they are unaware of the importance of process data and that different types of variation exist –and that those different types of variation require different types of responses. Deming also said, "How would they know?" If no one ever taught them (even worse if they were taught approaches that seem to work –even though in reality they sometimes do more harm than good), indeed, how would they know?

The point is this: when the wrong data is used or different types of variation go unrecognized, undiagnosed, or are confused, the resulting decisions and actions tend to increase costs, reduce quality, reduce productivity, and foster frustration throughout the organization.

Simply put, Dr. Deming emphasized in his writings, that business leaders have typically been taught to treat everything they don’t like as having a "special cause" reason as to why it happened, and thus want to investigate what one thing or person was responsible for causing the "aberration". People in general, seem to be wired and trained to go looking for THE reason that something bad or good happened. This problematic approach is often reinforced, because we can usually find "something unusual" associated with the thing we are investigating. Unfortunately, this "something unusual" is rarely the cause of the problem
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Solar energy is the least expensive source of renewable energy in the United States. True False
belka [17]

Answer:

False

Explanation:

Solar energy is one of the most expensive energy sources out there look it up!

4 0
3 years ago
A publisher is deciding whether or not to invest in a new printer. The printer would cost $900, and would increase the cash flow
kompoz [17]

Answer:

The present value of the cash flows from the investment is $1015.85.

Explanation:

The present value of the cash flows can be calculated using the discounted cash flows approach also known as the DCF approach. Under this approach, the cash flows are discounted to the present day value using a certain discount rate.

The formula to calculate the present value of the cash flows is,

Present value = CF1 / (1+i) + CF2 / (1+i)^2 + ... + CFn / (1+i)^n

Where,

  • CF are the cash flows
  • i is the interest rate which is also the discount rate

Present value = 500 / (1+0.12)  +  800 / (1+0.12)^3

Present value = $1015.85277 rounded off to $1015.85

6 0
4 years ago
The cash payments journal contains __________.
Salsk061 [2.6K]

The cash payments journal contains account to be credited.

8 0
3 years ago
Suppose the U.S. Treasury offers to sell you a bond for $687.25. No payments will be made until the bond matures 5 years from no
pantera1 [17]

Answer:

6%

Explanation:

Data provided as per question is as given below:-

Redeemed amount = $1,000

Sale value of Bond = $687.25

Number of year = 5

The computation of interest rate is as shown below:-

Interest rate = (Redeemed amount ÷ Sale value of bond) ^ (1 ÷ Number of Year) - 1

= (1,000 ÷ 747.25) ^ (1 ÷ 5) - 1

= (1.338) ^ (0.2) - 1

= 0.06

= 6%

5 0
3 years ago
Marjam Company owns 63,600 shares of MacKenzie Company's 120,000 outstanding shares of common stock. MacKenzie Company pays $120
Tems11 [23]

Answer:

Marjam's entry to record this transaction should include a c. Credit to Long-Term investments for $63,600.

Explanation:

Marjam investment in MacKenzie is a Financial Asset. A financial Asset is an obligation to receive cash.

Marjam will be paid a cash dividend based on the share of ownership it has in MacKenzie.

Share of Ownership = 63,600 shares/ 120,000 outstanding shares

                                  = 53%

<u>Marjam's entry to record cash dividends is as follows </u>

Dividend = $120,000 × 53%

               = $63,600

Debit : Bank $63,600

Credit : Long-Term investments $63,600

5 0
3 years ago
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