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andreev551 [17]
3 years ago
14

A company is trying to systematically improve processes by eliminating non-conformity of their products to product specification

s. The company believes their continuous effort to reduce variation in their process outputs is key to their business success. Which quality process is the company utilizing?
Business
1 answer:
9966 [12]3 years ago
7 0

Answer:

Six Sigma

Explanation:

Based on the information provided it can be said that the company is utilizing the quality process known as Six Sigma. This is a set of techniques and tools for eliminating defects in a product, process, or service. 6 principles or problem-solving tools are followed in order to find and eliminate all defects and those principles are

Recognize, Define, Measure, Analyze, Improve, Control, Standardize, and Integrate

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According to the world health organization, the average human lifespan is expected to increase from 68 today to 81 in <span>n 2095-2100. The difference between the two ages is 13 years. The closest among the choices here is 15 years. The answer is a.  The increased life expectancy is attributed to the decreased death rate due to HIV/aids.</span>
5 0
3 years ago
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7 0
2 years ago
You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 1717 years. You expect tha
Svetlanka [38]

Answer: The present value of the new drug is $19.33 million

We follow these steps to arrive at the answer:

Expected Revenues from the drug in year 1(P)   $2 million

Growth Rate (g)                                                        2% p.a.

No. of years  (n)                                                      17 years  

Discount rate (r)                                                        9% p.a.

Since the revenues are expected to grow at a constant rate of 2% p.a, we can treat this series of cash flows as a <u>growing annuity. </u>

We calculate the Present Value of a growing annuity with the following formula:

PV = \frac{P}{r-g}*\left [ 1- \left (\frac{1+g}{1+r}\right)^{n}\right]

Substituting the values we get,

PV = \frac{2}{0.09-0.02}*\left [ 1- \left (\frac{1+0.02}{1+0.09}\right)^{17}\right]

PV = \frac{2}{0.07}*\left [1- 0.323558233\right]

PV = 28.57142857 * 0.676441767

PV = 19.32690763

8 0
3 years ago
Gaulle Company began the year with a balance of $6,000 in Accounts Receivable and ended the year with $9,000 in the account. Rev
Mkey [24]

Answer:

$35,000

Explanation:

Data provided in the question:

Accounts Receivable at the start of the year = $6,000

Accounts Receivable at the end of the year = $9,000

Revenues for the period = $38,000

Now,

cash collected from the customers

= Beginning balance + Revenue for the year - Ending balance of account receivable

= $6,000 + $38,000 - $9,000

= $35,000

8 0
3 years ago
When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L.
DanielleElmas [232]

Answer:

STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2

Explanation:

We are given:

K units of capital and L units of labor.

•Each unit of capital cost = 20

• Each unit of labor cost =25

• Level K is fixed at 5 units

We are told production function Q = K√L

Using the production functions and the values given, we can get that Q=5√L.

To find Q, the amount of labor will be given as:

L = \frac{Q^2}{25}

Therefore, the Short run total cost function (STC) will be:

20K + 25L = 20*5 + 25[\frac{Q^2}{25}] = 100 + Q^2

7 0
3 years ago
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