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Svet_ta [14]
3 years ago
11

If W. Edwards Deming was your management consultant, he would emphasize

Business
1 answer:
VARVARA [1.3K]3 years ago
4 0

Answer:

Letter A. <u>Quality through constant innovation and quality assurance training.</u>

Explanation:

Alternative A is correct, as W. Edwards Deming was a pioneer scholar in the application of organizational quality management.

He was responsible for creating the 14 points, which are principles for management that will help the organization to achieve total quality. He was also responsible for popularizing the PDCA Cycle (PLAN, DO, CHECK, ACT), which is a strategic tool widely used worldwide to ensure continuous improvement and the quality of processes and products.

  • PLAN:  define objectives, methods and resources.
  • DO: Perform, educate and train.
  • CHECK: Measure and evaluate
  • ACT:  act correctly.

Continuous improvement can be achieved through the correct and targeted use of the PDCA cycle towards organizational objectives. For Deming, without continuous improvement, there is no survival of the organization in the market, so he argues that continuous improvement must be implemented in all phases of the project, to achieve the benefits of continuous improvement of processes, increased productivity and reduced costs.

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An analyst with a national ratings agency is concerned about a firms ability to meet its short term obligations. To evaluate the
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a. Balance Sheet

Explanation:

The balance sheet reports the total assets, total liabilities and stockholder equity.  

The total asset is comprised of the current asset, fixed assets, and the intangible asset

The total liabilities comprise of current liabilities and long term liabilities

The aim to make the balance sheet is to analyze the liquidity, financial performance, position of the company

Whereas the cash flow statement shows the inflow and outflow of cash and the income statement records total revenues and total expenditures.  

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4 years ago
The four career pathways in finance are?
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Crawford Fishing had a net income of $35,640 in 2017. They decided to pay $3,000 in dividends and keep the rest to help expand t
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The profit that they keep to reinvest in the business is recorded as  D : retained earnings.

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Retained earnings (RE) is the amount of net income left over for the business after it has paid out dividends to its shareholders.

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3 years ago
Read the passage. Then answer the question that follows. Nikia designs and produces board games that she sells online. She forme
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The following cash transactions occurred during the period. INTEREST RECEIVED IN CASH $18,000
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OPERATING ACTIVITIES

SOURCES: INTEREST RECEIVED IN CASH $18,000, the company receives money

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INVESTING ACTIVITIES

SOURCES: NONE

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