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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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Louvers, Inc., accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period- en
MatroZZZ [7]

Answer:

November 27                                      Debit                 Credit

Bank                                                    $15,750

(15,000+15,000*10%*180/360)

Accrued interest income                                              $125          

Interest income                                                              $625

Note receivable from customer                                   $15,000

Explanation:

The following journal entry shall be booked by the Louvers, Inc. in its accounts as at November 27 in respect of note from customer:

November 27                                      Debit                 Credit

Bank                                                    $15,750

(15,000+15,000*10%*180/360)

Accrued interest income                                              $125  

(Interest receivable recorded at June 30)        

Interest income                                                              $625

(Interest income from June 30 to November 27)

Note receivable from customer                                   $15,000

7 0
3 years ago
The Fed can reduce the federal funds rate by a. decreasing the money supply. To decrease the money supply it could buy bonds. b.
worty [1.4K]

Answer:

c. increasing the money supply. To increase the money supply it could buy bonds.

Explanation:

In the case when fed wants to decreased the rate related to the federal funds so here the money supply should be increased also in order to increased the money supply we need to purchased the bonds

Moreover, the increase in money supply should be equivalent to the reduction in the interest rate

Therefore the option c is correct

6 0
3 years ago
Assume Lavender Corporation has a market value of $4 billion of equity and a market value of $19.8 billion of debt. What are the
harkovskaia [24]

Answer:

Debt = 83.19%

Equity  = 16.81%

Explanation:

Given that

Market value of the equity = $4 billion

Market value of debt = $19.8 billion

Total firm capital would be

= Market value of the equity + Market value of the debt

= $4 billion + $19.8 billion

= $23.8 billion

So, the weightage of debt would be

= Market value of debt ÷ Total firm capital

= $19.8 billion ÷ $23.8 billion

= 83.19%

And, the weightage of equity is

= Market value of equity ÷ Total firm capital

= $4 billion ÷ $23.8 billion

= 16.81%

5 0
3 years ago
When scheduling appointments, it's necessary to schedule adequate time to ensure an appropriate
swat32

Answer:

a full schedule

Explanation:

the answe

3 0
3 years ago
Quality Builders, a home builder in the United States, makes use of many suppliers to provide quality products in the homes it b
frozen [14]

Answer:

A. outsourcing

Explanation:

  • The outsourcing is an agreement in which a company hires another company that is responsible for a planned set of activities that are done internally and involves the transferring of the employees and assets form perform to another, and thus helps the contractors to build their quality homes.
8 0
3 years ago
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