I believe the answer is: inductive reasoning
In inductive reasoning, the premises would be viewed as some sort of supply of evidence for the general conclusion. In the example above,
"all professional athletes earn a lot of money" is the premise that is used as some sort of evidence for " wes makes a lot of money", which is the speaker's conclusion.
Answer:
Total Quality Management (TQM)
Explanation:
The philosophy of producing a high-quality product or service and achieving quality in every aspect of the business and its relationship with the customer, with a focus on continuous improvement in the quality delivered to customers is <u>Total Quality Management (TQM)</u>
Total Quality Management (TQM): It is a continous process of detecting and reducing error from the process of producing goods and services. This help in maintaining quality of the product by improving process and training worker for better performance. It also help in improving customer´s experience.
There are several tools used in total quality management (TQM):
- Continuous improvement.
- Six Sigma.
- Employee empowerment.
- Benchmarking.
- Just-in-time.
- Taguchi concept.
- Knowledge of TQM tools.
Answer:
$ 13.167 / unit
Explanation:
Data provided:
Beginning material cost = $ 126,000
Number of units in work in progress = 12,000 units
Material cost assigned = $ 32,000
thus,
the total material cost involved = $ 126,000 + $ 32,000 = $ 158,000
Now,
the material cost per equivalent unit = Total material cost involved / number of units
on substituting the values, we have
the material cost per equivalent unit = $ 158,000 / 12,000
or
= $ 13.167 / unit
