Answer:
Hyundai:Rising Sales, Falling Quality?
1) The author of this editorial suggest that:
a. rapid expansion gets in the way of quality control
2. The criticisms responsible for the problems Hyundai encountered with its steering system are:
b. Workers may be asked to make suggestions for improvement, but their suggestions may not be implemented.
c. Implementing total quality management may consume resources that would otherwise be directed toward production of goods and services.
d. Benchmarking best practices in other organizations may reduce true innovation,
Explanation:
Total quality management is a management approach in which all the members of the organization actively participate in improving processes, products, services, and the organizational culture in order to achieve long-term organizational success through customer satisfaction. Benchmarking helps an organization to improve the quality of its products and services and its overall business performance.
Answer: Statement D
Explanation: If a company accept a special order then it must be doing so in order to gain or maximize its profits and the profits will only increase when there is an increase in net income.
Thus, statement D is correct implying that net income will increase when the sales price in greater than the variable cost.
The correct answer is A) has advantages over commodity-backed money.
Fiat money has advantages over commodity-backed money.
There was a time when money in the United States was backed by gold. Not any more. Fiat money, as the US dollar is backed by the US government, This is the case in other countries, For instance, the European Union's currency, the Euro, is also fiat money. Governments issue fiat money through their central banks and can exert certain kinds of control on it.
Answer:
the variable cost of production (per month) is $21,000
Explanation:
The computation is shown below:
The variable cost per month is
= Number of pizza produced per month × (labor per pizza + in ingredients per pizza + in electricity per pizza )
= 5,000 × ($3.00 + $1.00 + $0.20)
= 5,000 × $4.20
= $21,000
Hence, the variable cost of production (per month) is $21,000
