Answer:
A) define the goals. (part of define the problem)
Explanation:
The 5 stages of the Six Sigma process (DMAIC) are:
- <u>D</u>efine the problem: involves defining the problem statement ⇒ the reasons for creating or improving the process ⇒ define the goals of the process ⇒ establish a timeline ⇒ determine the scope of the project ⇒ choose the team that will be in charge of carrying out the project.
- <u>M</u>easure or quantify the problem.
- <u>A</u>nalyze and identify the cause of the problem.
- <u>I</u>mprove by solving the root cause of the problem and verify the improvement.
- <u>C</u>ontrol the improvements and pursue perfection.
The type of business practice that will force competitors to shut down is letter B. predatory pricing. Predatory is a way of shutting competitors even though is it is highly risky. It has the way of shutting competitors by providing lower prices of their products in order for other competitors to be driven out and shut down of the market.
Answer:
The income approach.
Explanation:
This appraisal approach evaluates the importance of the present value of the future rights to the income the estate generates by converting the net income of the estate into a value. This is known as <u>the income approach</u> which is also recognized as capitalization. It is a type of real estate appraisal method and it is also used to appraise investment or income-producing properties.
Answer: b. Jordan values option B more than options A and C.
Explanation:
All options cost the same explicitly which means that Jordan's choice was made based on implicit/ opportunity cost factors.
These undisclosed factors led to Jordan valuing option B more than the other options which is why it was picked even thought they all cost the same. Had any other option being more valuable than B, it would have been picked but since B was picked, B was the most valuable.
An activity measure focused on the number of items produced in the production process is called a(n) <u>Output</u> measure. Output; activity focused on measuring number of items produced in a production process in a firm is known as output measurement.
More about output measure:
When we talk about output measurement in production another contradictory term which comes to our mind is outcome measurement.
Output measurement:
Measures of an organization's output what it generates during production. For a health department, an example of this may be the quantity of homes that have had their lead paint examined. Or the number of people trained as part of a training programme
Outcome measurement:
Measures related to what the organization aims to achieve. These are sometimes divided into short-term, medium-term and long-term measures.
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