Answer:
<u>Centralized decision making authority</u>
Explanation:
The concept of total quality management was proposed by Edwards Deming who laid immense emphasis upon improvement of product quality and providing highest value to the customers.
The concept aims at providing high quality goods, effective after sales services, driven by the objective of providing highest level of possible satisfaction to the customers.
TQM includes benchmarking which means creating standards or benchmarks against which actual performance shall be evaluated.
It includes continuous improvement in products and services as this being one of it's objectives.
The concept does not incorporate centralized decision making which refers to decisions being taken only by the top management with subordinates having negligible say. Such decision making would increase the time and hence reduce efficiency.
Answer:
To increase the opportunity for brokerage, contacts can be made with the people of the same profession in other companies via professional meetings.
Explanation:
A broker acts as a mediator between an investor and a securities exchange. He helps in the buying and selling of businesses. Brokerage is a commission charged by a broker.
To increase the opportunity for brokerage, contacts can be made with the people of the same profession in other companies via professional meetings.
Answer:
a. True
Explanation:
The sole proprietorship and partnerships outnumber corporations in United States but they net fewer sales and less income than corporations, individually and when combined.
Answer:
The total cost to be accounted for under the weighted-average method is $166,000
Explanation:
Okamura Corporation Partial Manufacturing Account
Particulars Amount
Cost of ending work in process inventory $18,000
Add: Cost of units transferred out <u>$148,000</u>
Total cost accounted for <u>$166,000</u>
The total cost to be accounted for under the weighted-average method is $166,000
Supply curve shows when quantity increases the price also increases and vice versa