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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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Mackay gives a list of items (starting with "Two lasts of wheat, 448 florins") that were traded for one tulip root. He could hav
Oksana_A [137]

Answer:

For a better valuation of trade.

Explanation:

Mackay could have left out this list and simply said that the root cost 2500 florins. But he gave the list to have a better understanding of the valuation of trade. Now, the cost could have simply being layed out. But then this list helped helped to give a better perspective of the valuation of the bulb and also how it could be used to replace money

8 0
3 years ago
Here are incomplete financial statements for BLOSSOM, Inc. Calculate the missing amounts
Otrada [13]

Answer:

(A) net income: 20,000

(B) COGS = 55,000

(C) Common Stock = 30,000

Explanation:

(A) with the RE statemtn we sovle for RE

net income = ending RE - beginning RE + dividends

net income = 27,000 - 12,000 + 5,000 = 20,000

(B) With the net income we solve for COGS

COGS= revenues - net income - salaries and wages

COGS = 85,000 - 20,000 - 10,000 = 55,000

(C) now we solve for common stock

liab + equity = total liab and stockholders equity

account payable + common stock + RE = total liab and stockholders equity

5,000 + CS + 27,000 = 62,000

CS = 62,000 - 27,000 - 5,000 = 30,000

5 0
3 years ago
Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm’s capacity. If he adds one mor
joja [24]

Answer:

A.$12,000

B.$8000

C.MRPL/PL = 3

MRPK/PK =2

D) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.

Explanation:

(a) The Marginal Revenue Product of Labor (MRPL) can said to be the additional revenue generated when an additional worker is employed.

$66,000 - $54,000 = $12,000

Thus, MRPL is 12,000

b) Marginal revenue product of capital is

( 62000 - 54000)= $8000

c) MRPL/PL = 12000/ 4000= 3

MRPK/PK = 8000/4000=2

Therefore Since these two ratios are not equal it means the firm is not using the least cost combination of inputs.

d) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.

5 0
3 years ago
standard 2 of uspap states that in appraising real property, an appraiser must "communicate each analysis, opinion, and conclusi
Nana76 [90]

standard 2 of uspap states that in appraising the real property, an appraiser must "communicate each analysis, opinion, and conclusion in a manner that is." Addresses the written or oral communication (reporting) of a real property appraisal.

The main difference between these two options is the content and scope of information provided. Appropriate reporting options and the amount of information required in a report depend on the intended use and the user's real property.

Real property refers to land that is physically present and has resources and structures attached to it and is extended in terms of ownership and use rights.

Learn more about real property at

brainly.com/question/17584053

#SPJ4

7 0
1 year ago
You consider buying a share of stock at a price of $21. The stock is expected to pay a dividend of $2.04 next year, and your adv
just olya [345]

Answer:

E. None of the above

Explanation:

First we need to calculate the holding period return

Holding period return is the rate of return which an assets earns during the period in which it holds the assets.

Holding Period Return = (Selling Price - Initial Price + Dividend ) / Initial Price

Holding Period Return = ($24 - $21 + $2.04 ) / $21 = 0.24 = 24%

Now we need to calculate the expected return on the stock using CAPM formula as follow

Expected return = Risk free rate + Beta ( Market Risk Premium )

Expected return = rf + beta ( E(rm) )

Placing values in the formula

Expected return = 8% + 1.2 ( 16% )

Expected return = 27.2%

Abnormal return is the difference of Holding period return and expected return

Abnormal return = 27.2% - 24% = 3.2%

4 0
3 years ago
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