The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.
<h3>What is the
Total Quality Management?</h3>
This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.
The five concept of Total Quality Management includes:
- Produce quality work the first time
- Focus on the customer
- Have a strategic approach to improvement
- Improve continuously
- Encourage mutual respect and teamwork.
Read more about Total Quality Management
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Answer:
Days of receivable will be 75 days
Explanation:
We have given net credit sales = $1200000
Net account receivable at the beginning = $290000
And receivable at the ending = $201000
Average receivable 
Now receivables turnover ratio 
Days of receivables = 
Answer:
The correct answer is letter "C": The Business Judgment Rule.
Explanation:
The Business Judgment Rule is a law that protects a company's Board of Directors (BoD) from inconsistent allegations from shareholders stating that the BoD is acting against the stakeholders' interest. The law presumes that members of the BoD act in "<em>good faith</em>" and that they do not always make the best decisions.
The Business Judgment Rule helps managers, in such a way, to avoid laws where there is no substantial proof that they had intentions to go against the investors' will.
Answer:
greenfield venture.
Explanation:
The greenfield venture is the venture is a type of foreign direct investment i.e. FDI in which the investment is made either by an individual, firm or company in the other country. In this the business is developed from the initial stage also it has the highest controlling power. Also to set up the business in other countries, various benefits are provided that are in terms of discount, commission, subsidies, tax benefits
Therefore the given situation represents the green field venture example
Answer:
The Boss
Explanation:
Stakeholders are any group of people either internal or external that have interest in a business or activities.
Looking at the various levels of stakeholders that can be involved in a business , it becomes necessary that the degree of loyalty towards all can not be the same.
The boss in the scenario being the employer primarily deserves the loyalty before anybody else as this would have been promised in the oath of allegiance signed in the course of taking the employment.
