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3 years ago

Explain the importance of quality management and apply statistical quality control techniques.

Business

1 answer:

sashaice [31]3 years ago

6 0

Answer:

Explanation:

Quality management systems philosophy is a holistic understanding that accepts the system as a whole and sees quality as a customer-oriented common function of every element in this whole. In the most general sense, it is the whole of planned and systematic activities carried out with the aim of achieving the targeted quality in an organization. There are some special dimensions that are common in every quality trying to be created. Dimensions help to perceive quality from different and different angles. The quality perceived by the consumer is examined in eight dimensions:

-Performance

-Features

-Reliability

-Relevance

-Durability

-Service Ability

-Aesthetic

- Perceived Quality

Statistical process control is a method of monitoring the production process using statistical tools to manage product quality “directly in the production process”. Statistical quality or process control is common in the industry and is one of the main and mandatory methods for implementing the requirements of the ISO / TS 16949 standard in the automotive industry. A key tool of the method is the Shekhart control card. This is a graphical tool for collecting data and making decisions regarding the stability or predictability of any process, which determines how to manage the corresponding process. Purposes of Statistical quality control:

- determine whether the process is within the technical requirements.

- determine if the process is running as part of a statistically controlled state:

- if the process is in a “statistically controlled” state, it is known how it will behave in the future, and whether it is possible to count on its results.

- timely identification of trends for corrective actions before the release of non-conforming products (maintenance of the process in a "statistically controlled" state).

- monitoring continuous process improvement through reduced variability.

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The goal of utility maximization is to allocate your ______ in order to maximize your ______.

inn [45]

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5 0

3 years ago

Which of the following items is not needed to prepare a sales budget by product line?

Illusion [34]

Answer:

D) Expected purchase price of each product.

Explanation:

According to my research a "Sales Budget" is a companies estimation of sales for any given financial period of the year. This being the case we can say that the item that is NOT needed would be the expected purchase price of each product. This is because they already have the overall expenses for that period, and in a sales budget they just need to calculate the selling price and units expected to sell in order to estimate the profit.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

4 years ago

In the Keynesian-cross model, actual expenditures differ from planned expenditures by the amount of:

dmitriy555 [2]

Answer: Option (c) is correct.

Explanation:

Correct option: Unplanned inventory investment.

Unplanned inventory investment is a component of investment spending. The other component of investment spending is planned inventory investment.

Unplanned inventory investment occurs when actual sales are more or less than the company's expected sales which results in unplanned changes occurred in the inventories.

Hence, in the Keynesian-cross model, actual expenditures differ from planned expenditures by the amount of Unplanned inventory investment.

5 0

3 years ago

Ted pays $2,100 interest on his automobile loan, $120 interest on a loan to purchase a computer for personal use, $630 intere

slamgirl [31]

Answer:

A. $850

Explanation:

The answer is net investment income of $850. This is because the investment interest expense to the extent of net investment income is deductible. The others listed are not deducted. The net investment income can either be capital gains, interest or dividends. When the expenses is less than net investment income, all investment interest expense is deductible and when interest expense is more than investment income, only expenses up to net investment income amount is deducted.

8 0

4 years ago

Read 2 more answers

charmaine earns $11 an hour at her parttime job. show that the relationship between the amount she earned and the number of hour

AURORKA [14]

Answer:

y = 11 x

Explanation:

The relationship between two variables x,y is said to be a proportional relationship if the ratio between the values of the two variables is constant:

$\frac{y}{x}=k$ (3)

where k is the a constant value valid for all pairs (x,y).

In this problem, we are told that Charmaine earns $11 per hour. Here we call:

y = amount of money earned

x = time

We can see that the relationsip between x and y is proportional. In fact:

- after 1 hour, Charmaine has earned $11 (1)

- after 2 hours, Charmaine has earned $22 (2)

.. and so on

For (1), we find

$\frac{y}{x}=\frac{11}{1}=11$ so k = 11

For (2), we find

$\frac{y}{x}=\frac{22}{2}=11$ so k = 11

So, k = 11 for every pair (x,y), so the two variables have proportional relationship.

Moreover, we can write an equation that relates the two variables re-arranging eq.(3).

$y=kx\\\rightarrow y=11x$

6 0

3 years ago