Answer:
D. Minimize quality costs throughout the organization
Explanation:
- A quality strategy is part of the organization's strategy to maintain quality standards and to maintain productivity at a higher significance level.
- For the same various companies have a TQM total quality management systems in place that checks the quality must be maintained as a standard, the company must be aware and must show the participation in its implementation, must be of least cost and rewarding in nature.
- Thus to build or forester an organization's culture of quality and to engage all employees in building these principles through a well-maintained standard of the organization.
Given: Variable Cost Fixed Cost
per haircut per month
base salary 9660
manager bonus 530
commission 5.92
advertising 270
rent 940
barber supplies 0.30
utilities 0.25 180
magazines 25
Total 6.47 11605
Revenue 11.47
Break even point in unit = Fixed expenses per month / Contribution margin per month.
Break even point in unit = 11,605 / (11.47-6.47) = 11,605 / 5 = 2,321 haircuts
Break even point in $ = Fixed expenses / Contribution margin ratio
Break even point in $ = 11,605 / (5/11.47) = 11,605 / 0.44 = 26,375
Net Income = (Contribution Margin * # of haircuts) - Fixed expenses
Net Income = (5 * 2,380) - 11,605 = 11,900 - 11,605 = 295
Answer:
c. Costs that can be avoided by selecting a particular course of action.
Explanation:
An avoidable cost is an expense that cannot be spent in the case when the activity is not performed. It refer to the variable cost where it can be eliminated from the busines operation like fixed cost that should be paid whether the activity is done or not
So here it can be avoided by choosing out a specific course of action
hence, the option c is correct
Answer:
Motivate the workforce
Explanation:
Performance appraisals based on the <em>performance</em> can be seen as a motivation tool for the work force to achieve more, over and above what has been set as standard or budget.
However this method is not always effective as this may demotivate workforce if the budgets are <em>unrealistic</em>.
Answer: No you should not
Explanation:
Mr. and Mrs. Mitchell gave Amy up for adoption four years ago and in effect legally voided their guardianship of her. As far as the law is concerned, they are no longer Amy's parents. As such, Mr Fred Mitchell requesting for information on the girl is akin to a stranger doing the same and so cannot be honored, at least not without the consent of the new parents.