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shepuryov [24]
3 years ago
10

The process of benchmarking against an organization’s established norm, which may be based on best practice, state or national s

tandards, or some combination of these thresholds, helps the organization determine whether its processes fall within the acceptable standard deviations of the norm. When items fall outside the norm this signals that _____.
A PI project may be appropriate
The organization must contact their accrediting organization immediately to report this
The organization is on target
The organization should benchmark against hospitals that are located at a greater distance
Business
1 answer:
Alex3 years ago
8 0

Answer:

The correct answer is A.  a PI project may be appropiate.

Explanation:

Benchmarking is a continuous and systematic process that makes a comparative evaluation of products or services in organizations that show best practices in a given area, with the aim of transferring knowledge of best practices and their application.

Benchmarking should not be confused with espionage or competition, so the concepts of best practices and area of interest should be very clear. In this sense, for the organization it becomes an appropriate process, since it allows you to know to what extent it may be convenient to consider the actions against the established norm.

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In Q1 2018, CNA Companies reports the following transactions:
kotegsom [21]

Answer: B. ($11 million)

Explanation:

Out of the listed transactions there, these are the ones that can be taken out of Retained Earnings.

Loss on sale of equipment of $6 million

Preferred dividend of $2 million

Common dividend of $3 million

So calculating would be,

= - 6 - 2 - 3

= -$11 million

This means that Retained Earnings will reduce by -$11 million making option B correct.

4 0
3 years ago
Each of the following factors affects the weighted average cost of capital (WACC) equation. Which of the following factors are o
Volgvan

Answer: The correct answers are "The general level of stock prices" and "The effect of the tax rate on the cost of debt in the weighted average cost of capital equation".

Explanation: The general level of stock prices and the effect of the tax rate on the cost of debt in the weighted average cost of capital equation are outside from firm's control because although companies have knowledge of the market, the general level of stock prices is not controlled by them, but by the market. And the effect of the tax rate is not controlled by companies because the tax rate is set by the state.

7 0
3 years ago
An automobile battery manufacturer offers a 39/50 warranty on its batteries. The first number in the warranty code is the free-r
balandron [24]

Answer:

1)

If the manufacturer's assumptions are correct, it would need to replace 8.23% of its batteries free of charge.

Option a) 8.23% is the correct option

2)

the required standard deviation is 3.8

Option a) 3.8 is the correct answer

Explanation:

Given the data in the question;

mean μ = 44

standard deviation σ = 3.6

if a battery fails within 39 months of purchase, the manufacturer replaces the battery at no charge to the consumer. If the battery fails after 39 months but within 50 months

1)

If the manufacturer's assumptions are correct, it would need to replace_____ of its batteries free of charge

p( X < 39 ) = P( X-μ/σ < 39-μ/σ )

we substitute

= p( Z < ((39-44)/3.6 ))

= p( Z < -1.39 )

from standard normal table; p( Z < -1.39 ) = 0.08226 ≈ 0.0823

p( X < 39 ) = 0.0823 or 8.23%

Therefore, If the manufacturer's assumptions are correct, it would need to replace 8.23% of its batteries free of charge.

Option a) 8.23% is the correct option

2)

The company finds that it s replacing 9.34% of its batteries free of charge. It suspects that its assumption about the standard deviation of the life of its batteries is incorrect. A standard deviation of ______ results in a 9.34% replacement rate.

given that;

P( Z < x-μ/σ ) = 9.34%

⇒ P( Z < 39-44/σ ) = 0.0934 ----- let this be equation 1

now, from standard normal tables

∅( -1.32 ) = 0.0934   ---------- let this equation 2

so from equation 1 and 2

39-44/σ = -132

-5/σ = -1.32

σ  = -5 / - 1.32

σ  = 3.7879 ≈ 3.8

Therefore, the required standard deviation is 3.8

Option a) 3.8 is the correct answer

7 0
3 years ago
While waiting in line to make a purchase at Best Buy, Joanie sees signs reminding her to visit its website for online specials a
jolli1 [7]

Answer:

The correct answer is E

Explanation:

Educate is the word which is defined as teaching, train, provide intellectual, social instruction and moral to someone, which is usually at a university or at a school.

When the potential consumers who arrive at the stores or websites, the marketer have the opportunity for educating the customers regarding the offered advantage or benefits and the value proposition. Therefore, it is an example of educating the consumers.

4 0
3 years ago
As the manager of a golf resort, you want to increase the number of tee times sold by 10%. Your staff economist (and junior cadd
Alex73 [517]

Answer:

The price of tee-time should be reduced by 6.67%.

Explanation:

The price elasticity of demand for tee times is –1.5.  

The manager wants to increase the number of tee times sold by 10%.  

The price elasticity of demand shows the change in quantity demanded due to a change in the price level. It is the ratio of the percentage change in quantity demanded and percentage change in price.  

Price elasticity = \frac{\% \Delta Q}{\% \Delta P}

- 1.5 = \frac{10 \%}{\% \Delta P}

\% \Delta P = \frac{10}{- 1.5}

\% \Delta P = - 6.67 \%

7 0
3 years ago
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