1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vadim26 [7]
3 years ago
6

__________is a business improvement approach that seeks to find and eliminate causes of defects and errors in manufacturing and

service processes by focusing on outputs that are critical to customers, resulting in a clear financial return for the organization.
Business
1 answer:
7nadin3 [17]3 years ago
6 0

Answer:

Six Sigma approach is the right answer.

Explanation:

Six Sigma is a quality program that improves customers' experience and lowers business costs. It means a measure of quality which strives for near perfection. Its name can vary from organization to organization. Some of the other names of six sigma are operational excellence and zero defects. It is a data-driven disciplined approach for eliminating defects in different processes. It is used in manufacturing, transactional and services.

You might be interested in
A competitive firm maximizes profit at an output level of 500 units, market price is $24, and ATC is $24.50. At what range of AV
rosijanka [135]

Answer:

A firm would shut down if its Current Price P < AVC (Current Price is less than the Average Variable Cost)

Thus, the condition for not shutting down of a firm is P > AVC (Current price is greater than the Average Variable Cost)

When AVC is less than $24, the firm will choose not to shut down because it is covering its variable costs at the current price

3 0
3 years ago
Foster, who owns a successful business with two locations and a few international clients, was approached by a large organizatio
torisob [31]

Answer:

C) can get started more easily and maneuver faster

Explanation:

A small business (sole proprietorship, partnership, limited liability company) can maneuver much faster than any corporation simply because the owners are the managers of the business. The owners do not have to ask anyone for permission to make any decisions or decide new business activities. Also, last but not least, you are your own boss, and that is priceless.

Small businesses are also much easier to set up and do not require a lot of paperwork and authorizations to start operating.

3 0
4 years ago
A nation's central bank makes an open market purchase of 20-year bonds. What is the short-run effect on the nation's economy
maks197457 [2]

Answer:

The answer is:

when a nation's central bank makes an open market purchase of 20-year bonds, short-run effect is that the quantity of money in circulation increases, interest rates are low because the nation's commercial banks have more money to lend. Households and businesses are motivated to borrow money because of low rates

Explanation:

This is a monetary tool - open-market operation which is a situation in which when the central bank purchases securities inorder to increase the money supply and sells securities to decrease the money supply.

So when a nation's central bank makes an open market purchase of 20-year bonds, short-run effect is that the quantity of money in circulation increases, interest rates are low because the nation's commercial banks have more money to lend. Households and businesses are motivated to borrow money because of low rates.

This is usually done to stimulate the economy i.e to stop the economy from slowing down.

5 0
3 years ago
Bears Inc. sells football helmets to local schools and warrants all of its products for one year. While no helmets sold in 2018
Serggg [28]

A. A decrease in assets and decrease in Stockholders' equity.

B. No journal entry in necessary until products under warranty are returned.

C. An increase in stockholders' equity and a decrease in liabilities.

D. A decrease in stockholders' equity and an increase in liabilities.

Answer: D. A decrease in stockholders' equity and an increase in liabilities.

Explanation: Liability can simply be described as debt or what is owed by a firm, whereas the equity of the stockholders refers to assets or possession of a firm once liabilities have been deducted. In the scenario above, the expected returns have not been made as envisaged based on data from previous years, the 3% expected return which is covered by warranty will be added to liability which means liability increases as the buyers are either refunded or issued new helmets. Once liability increases, stockholders equity will also decrease as it involves the deduction of liabilities.

3 0
4 years ago
A company has the following transactions during the month of February. February 2 Pay $610 for radio advertising for February. F
timama [110]

Answer:

Please see the required journals below.

Explanation:

February 2 Pay $610 for radio advertising for February.

Debit Advertising Expense $610

Credit Cash $610

February 7 Purchase beauty supplies of $1,210 on the account.

Debit Supplies $1,210

Credit Accounts Payable $1,210

February 14 Provide beauty services of $2,450 to customers and receive cash.

Debit Cash $2,450

Credit Service Revenue $2,450

February 15 Pay employee salaries for the current month of $810.

Debit Salaries Expense $810

Credit Cash $810

February 25 Provide beauty services of $910 to customers on account.

Debit Accounts receivable $910

Credit Service Revenue $910

February 28 Pay utility bill for the current month of $210.

Debit Utilities Expense $210

Credit Cash $210

3 0
3 years ago
Read 2 more answers
Other questions:
  • Short-term obligations can be reported as long-term liabilities if: a. The firm has the ability to refinance on a long-term basi
    9·2 answers
  • In the competitive-parity method of setting an advertising budget, the budget is set based on ________. Group of answer choices
    11·2 answers
  • Assume you borrowed $100,000 at a fixed rate of 7 percent for 30 years to purchase a house. If the inflation rate is 3 percent,
    15·1 answer
  • The problem with bank runs is not that ____________will fail; they are, after all, bankrupt and need to be shut down. The proble
    15·1 answer
  • The European Community’s Directive on Data Protection strictly limits how database information is used and who has access to it.
    13·2 answers
  • "Prepare journal entries to record each of the following four separate issuances of stock. a. A corporation issued 9,000 shares
    5·1 answer
  • The Square Box is considering two projects, both of which have an initial cost of $35,000 and total cash inflows of $50,000. The
    8·1 answer
  • An American student buys an airline ticket on the Royal Dutch Airlines, KLM. This enters the U.S. balance of payments accounts a
    11·1 answer
  • Do you think Tony should continue to use the check cashing service or should he just use direct deposit for a personal checking
    12·1 answer
  • What do you know how to do?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!