Answer: utilize advanced statistical methods to improve quality by reducing defects and variability in the performance of business processes.
Explanation:
Six Sigma simply refers to a set of tools that are utilized for the process improvement. They are the management techniques that are used for the enhancement of the business processes through the reduction in the occurence of an error. This helps in boosting the performance and the improvement in the company's profits, and as well boosting the morale of employees.
From the options given, the answer is that six sigma programs "utilize advanced statistical methods to improve quality by reducing defects and variability in the performance of business processes".
Answer:
The correct answer is: Organizational culture is the personality of the organization (beliefs, assumptions, values, norms, artifacts) while leadership climate are beliefs and perceptions held by members as a result of leadership actions.
Explanation:
On the one hand, the organizational culture is a concept known in the field of business for refering to the informal state of the company itself. And with that the concept involves terms like beliefs, values, norms and more that all indicate one single thing, the way that the internal organization is held by its members and how they act according certain situations.
On the other hand, the leadership climate refers as well as beliefs and perceptions but in this case is associated to the way that the leaders behave and how their actions influence the way the employees and other members expect to behave and act as well.
Externality is divided into 2 parts:
External Cost or External Benefit.
It is either a cost or benefit incur to someone who did not choose to incur that cost or benefit
For eg:A stone crusher incur external cost which is pollution that affect people living nearby.
Answer:
The answer is option B) The Federal government's budget balance as a percent of GDP was lower than predicted by the trendline (that is, the deficit is bigger) ), so fiscal policy was more expansionary than usual.
Explanation:
The annual budget deficit increased from $585 billion (3.2% GDP) in 2016 to $984 billion (4.7% GDP) in 2019.
Contrary to fiscal predictions, The U.S. fiscal deficit increased by $1 trillion in 2019, the first time it has passed that level in a calendar year since 2012.
A situation like this necessitates an expansionary fiscal policy.
Expansionary Fiscal Policy is a tool used by government to increase disposable income by reducing tax and increasing government expenditure.
This will lead to an increase in aggregate demand and contributing to drawing down of budget surpluses.