Answer:
1. C
2. A
3. C
4. A
5. C
6. B
7. B and C
8. C
9. A and B
10. B
Explanation:
A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;
- <em>A total quality management (TQM) is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.</em>
- <em>Just-in-time (JIT) is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.</em>
- <em>A continuous improvement (CI) is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.</em>
1. Total quality management (TQM): Courteous employees
2. Just-in-time (JIT): Food produced to order
3. Total quality management (TQM): Clean tables and floors
4. Just-in-time (JIT): Orders filled within three minutes
5. Total quality management (TQM): Standardized food making processes
6. Continuous improvement (CI): New product development
7. Total quality management (TQM) and Continuous improvement (CI): Customer satisfaction surveys
8. Total quality management (TQM): Standardized menus from location to location.
9. Continuous improvement (CI) and Just-in-time (JIT): Drive-through windows.
10. Continuous improvement (CI): Continually changing menus.
Answer: $43.75
Explanation:
Given the following :
Markup on total cost = 28%
Projected selling price (price of similar products) = $56
Target cost = projected selling price - desired profit
Desired profit = 28% of target cost
Assume target cost = a
a = 56 - 28%a
a = 56 - 0.28a
a + 0.28a = 56
1.28a = 56
a = 56 / 1.28
a = 43.75
Therefore, target cost 'a' equals $43.75
A large amount or extra tomatoes
Answer: E - Media Planner
Explanation: Media Planners are tasked with the objective of maximising returns on advertisement and company's promotional activities for an improved sales.
Media planners are responsible for creatively thinking of different marketing strategies to get to their target customers.
They make use of different marketing communications such as radio, television, hand bills, online articles, billboards etc to communicate with their target customers.
Answer:
$27,500
Explanation:
Data provided in the question:
Wages earned by the Lee = $40,000
Dividend income from separate property = $5,000
Interest income from community property = $10,000
Now,
The amount of income that must be included on Lee's separate tax return
= 50% of [Wages earned + Dividend income + Interest income ]
= 0.50 × [ $40,000 + $5,000 + $10,000 ]
= 0.50 × $55,000
= $27,500