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2 years ago

According to Garvin's ________ definition of quality, quality is found in the components and attributes of a product.

Business

1 answer:

Vladimir [108]2 years ago

6 0

Answer:

product based

Explanation:

Garvin defined five measures or perspectives of quality:

transcendental perspective: quality that can be perceived but not clearly defined.
user perspective: concrete definition of quality, the product complies with the users' needs yes or no.
manufacturing perspective: quality is measured as conformance to requirements, e.g. ISO standards.
product perspective: quality is measured by the characteristics of the product.
value based perspective: different aspects of quality can be valued differently depending on the stakeholder.

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The fixed cost of a production system is $20,000, and the variable cost per unit product is $17. The product has a revenue of $2

dimaraw [331]

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $20,000

Unitary variable cost= $17

Selling price= $28 per unit.

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 20,000 / (28 - 17)

Break-even point in units= 1,818 units

<u>Now, the profit for 1,500 units:</u>

Loss= 1,500*11 - 20,000= -$3,500

8 0

2 years ago

In a large open economy, if political instability abroad lowers the net capital outflow function, then the real interest rate: A

Tatiana [17]

Answer:

In a large open economy, if political instability abroad lowers the net capital outflow function, then the real interest rate falls, while the real exchange rate rises and net exports fall. (D)

Explanation:

NX = EXPORTS – IMPORTS

If political instability abroad lowers the net capital outflow function that would mean that NX is reducing, which increasing imports and decreasing exports. This means that domestic goods are relatively more expensive due to a high exchange rate. In terms of the real interest rate, it falls because the demand for financial assets decreases.

3 0

2 years ago

On the basis of the following data for Garrett Co. for Years 1 and 2 ended December 31, prepare a statement of cash flows using

Liono4ka [1.6K]

Answer:

Garrett Co. cash flows from operating activities is $61,000.

Explanation:

Garrett Co.

Statement of cash flows (extract)

Net income $56,000

Add Loss on disposal of equipment 5,000

Cash flows from operating activities $61,000

Loss on disposal of the equipment was calculated as Proceeds - net book value, that is $15,000 - $20,000.

Note that purchase of equipment belongs to investing part of the cash flows while proceed from stock issuance and dividend payment belong to financing part of the cash flows

4 0

2 years ago

"The owner of a small restaurant that sells take-out fried chicken and biscuits pays $2,500 in rent each month, $500 in utilitie

natulia [17]

Answer:

Break-even point (dollars)= $9,976.25

Explanation:

Giving the following information:

Fixed costs:

Rent $2,500

Utilities $500

Interest $750

An insurance premium of $200

Advertising on local bus $250 a month

Total= $4,200

A small bucket of take-out chicken, the only menu item, is priced at $9.50. Unit variable costs for the bucket of chicken are $5.50.

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 4,200/ [(9.5 - 5.5)/9.5]

Break-even point (dollars)= 4,200/0.421

Break-even point (dollars)= $9,976.25

7 0

2 years ago

All of the following are expenses associated with home ownership that should be planned for early in the process except

grandymaker [24]

Mortgage payments are expenses associated with home ownership

7 0

2 years ago