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3 years ago

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. Quality through constant innovation and quality assurance training.

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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The Evanec Company's next expected dividend, D1, is $3.03; its growth rate is 5%; and its common stock now sells for $34.00. New

Anestetic [448]

Answer:

(a) 14%

(b) 15%

Explanation:

cost of retained earnings:

= ($3.03 ÷ $34) + 0.05

= 0.09 + 0.05

= 14%

Therefore, the Evanec's cost of retained earnings is 14%

Flotation cost percentage:

= [($34 - $28.90) ÷ $34] × 100

= 0.15 × 100

= 15%

Therefore, the Evanec's percentage flotation cost is 15%.

Cost of new common stock:

= ($3.03 ÷ $28.90) + 0.05

= 0.1048 + 0.05

= 15.48%

Therefore, the Evanec's cost of new common stock is 15.48%.

8 0

3 years ago

A company purchases 12,000 pounds of materials. The materials price variance is $6,000 favorable. What is the difference between

Sonbull [250]

Answer:

The difference between the standard and actual price paid for the materials is $0.5.

Explanation:

Given Data:

Actual Quantity = 12,000 Pounds

Material Price Variance = $6,000

We know the formula for Material Price Variance is:

Materials Price Variance = (Actual quantity × Actual price) – (Actual quantity × Standard price) ----- (1)

For convenience, suppose:

Actual Price = AP & Standard Price = SP

Rearranging the equation (1) and substituting the Actual and standard price with AP and SP we get,

Material Price Variance = (Actual Quantity x AP) – (Actual Quantity x SP)

Taking Actual Quantity as common on the left hand side of equation we get:

Material Price Variance= Actual Quantity (AP – SP) ---- (2)

Putting the values of Material Variance and Actual Quantity in equation (2), we get:

$6000=12,000 (AP – SP)

Rearranging the equation we get,

AP – SP = $6000/12,000

Finally, AP – SP = $0.5

Conclusion:

The difference between the standard and actual price paid for the materials is $0.5.

7 0

3 years ago

Kicks corporation sells running shoes and during janurary they ran production machines for 20000 total hours and incurred 9000 i

Dafna11 [192]

Answer:

$0.3 per machine hour

Explanation:

The computation of the variable maintenance cost per machine hour using the high low method is shown below:

Variable cost per machine hour = (High maintenance cost - low maintenance cost) ÷ (High machine hours - low machine hours)

= ($9,000 - $7,200) ÷ (20,000 machine hours - 14,000 machine hours)

= $1,800 ÷ 6,000 machine hours

= $0.3 per machine hour

7 0

3 years ago

Analyze a local space that is open to the public. It can be a store or mall, a club, restaurant, or a school (like COC), perhaps

enyata [817]

Answer:

Local spaces open for public to help them with social activities. Parks, gyms, store, mall and clubs are some of local spaces which are open to everyone for gaining relaxation in their leisure time.

Explanation:

People are busy in weekdays and they need some place for relaxation on weekend. There are many places which provide with recreational activities for people to relax and spend their weekends with their family.

7 0

3 years ago

generally require more technical skills and fewer conceptual skills. a. executive managers b. first-line managers c. middle mana

Volgvan

First-line managers generally require more technical skills and fewer conceptual skills.

Conceptual skills are vital for top managers, less critical for mid-degree managers and no longer required for first-stage managers. As we move from the bottom of the managerial hierarchy to the pinnacle, the significance of these capabilities will upward thrust. Professional first-line managers can pay attention, talk, and write truely and continually, speaking for maximum effect with people at all degrees inside the organization, including team members, superiors, friends, and others. it is specifically important to correctly speak desires and expectations.technical abilities are the most vital for lower level managers because the managers surpervise the workers who produce products or serve clients. Group leaders and first-line managers want technical understanding and competencies to train new employees and help employees remedy problems. Pinnacle managers need sturdy conceptual abilities, whilst the ones at midlevels need top interpersonal abilities and those at lower stages want technical abilities. All managers want robust communication, selection-making, and time-management skills.

Because of this first-line managers need to be skillful hassle solvers who recognize the way to quick expand alternative plans and enforce them within teams. First-line managers have to remain agile and flexible when shifts unavoidably occur within an organizational structure.

Learn more about First-line manager here:-

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3 0

1 year ago