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jek_recluse [69]
3 years ago
12

Rinker Audio Products wants to adopt the total quality management (TQM) philosophy as developed by, among others, W. Edwards Dem

ing. The company employees are, however, confused as to what TQM entails. As a consultant, you are helping Rinker's employees understand TQM as it would impact them. Which of the following is true of W. Edwards Deming's beliefs about the total quality management philosophy?a. Quality of supervision should be improved by allowing more time for supervisors to work with employees.
b. Management should embrace the philosophy that mistakes are often acceptable.
c. Work standards should be defined only as numbers or quotas.
d. Achieving better quality requires commitment more at the top management than at any other level.
e. Management should create an environment in which employees will follow recommendations rather than recommend changes.
Business
1 answer:
natta225 [31]3 years ago
3 0

Answer:

Option (a) is correct

Explanation:

Total quality management is a process by which a business aims to minimize errors, with maximizing it's output, laying immense emphasis on product quality and customer satisfaction.

Such an approach was developed by Edwards Deming who emphasized upon efficient production, reduction of defects and wastage and continuous employee learning process that enhances the skills.

The focus of TQM is upon minimizing defects and errors as well as providing quality products to customers.

Such a process calls for, all those individuals who are involved in the production process to assume responsibility for product defects and errors.

TQM lays emphasis upon improving internal practices prevailing within the company which yield desired results.

Thus, one of the facets of such an approach being, improvement of supervision by allowing more time to supervisors to work and coordinate well with employees.

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<span>The soap manufacturer is in the decline stage of plc.As the company that manufactures soaps begins to sell them to restaurants and hotels to extend their product's life tells that their soap is not being purchased by customers and so as to overcome their cost of making soap they are selling it to restaurants and hotels.</span>
8 0
3 years ago
Barb is trying to take control of her time by using an online time tracking system that tracks her time spent on tasks and proje
solniwko [45]

Answer:

Habit Loop

Explanation:

Habit Loop -

It is a type of loop , which runs in the brain of the human being , and functions to govern the habit , is referred to as habit loop .

The habit loop has three components , i.e. , reward , routine , and cue  .

The proper knowledge of these components enables the person to have command of their habits and can easily remove the bad habits and inculcate the good ones .

Hence , from the given scenario of the question,

The correct term is habit loop .

5 0
3 years ago
Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.
motikmotik

Answer:

a.                         Joplin Industries Inc.

             Absorption Costing Income Statement

                  For the Month Ended June 30

Sales                                                                        $81,000,000

Less: Beginning inventory           $4,387,200          

Cost of goods manufactured       <u>$45,756,000</u>

Cost of goods sold                                                 <u>$50,143,200</u>

Gross Profit                                                              $30,856,800

Selling and Administrative Expenses                    <u>$13,122,000</u>

Operating Income                                                  <u>$17,734,800</u>

b.                           Joplin Industries Inc.

                 Variable Costing Income Statement

                      For the Month Ended June 30

Sales                                                                        $81,000,000

Variable cost of goods sold                                   <u>$40,500,000</u>

Manufacturing Margin                                            $40,500,000

Selling and Administrative Expenses                    <u>$12,150,000</u>

Contribution Margin                                                $28,350,000

<u>Fixed cost</u>

Manufacturing cost                   $8,856,000

Selling and Admin Expenses   <u>$972,000</u>

Total Fixed cost                                                         <u>$9,828,000</u>

Operating Income                                                     <u>$18,522,000</u>

4 0
3 years ago
It is May 18, 2017. You have a $10,000 semi-annual bond with a coupon rate of 10.375% which matures May 5, 2044. The bond is pri
Keith_Richards [23]

Answer:

-3.91%.

Explanation:

The Duration Adjustment (% change in bond price) is given by:

= (Duration) * (Change in yield in %)

= -(7.81) x (0.5%)

= -3.91%

The Convexity Adjustment is given by:

= 0.5 * Convexity *  (Change in yield, as a fraction)^2

= 0.5 * 99.87 * (0.005)^2

= 0.5 * 99.87 * 0.000025

= 0.001248375

= 0.0012%

Thus, the convexity correction is 0.0012%

Thus, the total change in bond price = -3.91% + 0.0012% = -3.91%.

3 0
3 years ago
Stephen runs a pet salon. He is currently grooming 130130 dogs per week. If instead of grooming 130130 ​dogs, he grooms 131131 ​
borishaifa [10]

Answer:

Profit will increase by $2.3

Explanation:

Data provided in the question:

If instead of grooming 130130 ​dogs, he grooms 131131 ​dogs

Marginal cost = $65.82

Marginal revenue = $68.12

Now,

The effect on his profits of grooming 131 dogs instead of 130 ​dogs will be:

Change in profit = Marginal revenue - Marginal cost

or

Change in profit = $68.12 - $65.82

or

Change in profit = $2.3

Hence,

Profit will increase by $2.3

7 0
3 years ago
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