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stiv31 [10]
3 years ago
10

Rhea's company sets specific goals for product features and reliability, offers incentives for achieving goals, and regularly so

licits employee feedback on the causes of customer issues. These activities are part of a _______ system.
Business
1 answer:
adell [148]3 years ago
4 0

Answer:

Total quality management.

Explanation:

Since Rhea's company sets specific goals for product features and reliability, offers incentives for achieving goals, and regularly solicits employee feedback on the causes of customer issues. These activities are part of a total quality management system.

A total quality management (TQM) can be defined as a management tool used to attain customer's satisfaction and improved productivity leading to long-term success in the business. The starting point or first step of the total quality management (TQM) is customer focus.

<em>Hence, in order to achieve a long-term success in customer satisfaction, organizations should use the total quality management approach by involving all of its employees with high standards and work ethics</em>.

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Sharon purchases two products with a given fixed budget, orange juice and soda. Her marginal utility from orange juice is 60 and
yuradex [85]

Answer:

Sharon is trying to maximize her marginal utility under the fixed budget.

Explanation:

She is buying exactly twice as many orange juices than sodas, because her marginal utility from juice is twice as much as her marginal utility from soda (60 x 30).

She is considering the marginal utility above the price when making her purchase decisions, because while orange juice provides more utility, it is also more expensive than sodas ($2.00 per bottle vs $1.00 per bottle).

3 0
4 years ago
Suppose that an initial $10 billion increase in investment spending expands GDP by $10 billion in the first round of the multipl
Fynjy0 [20]

Answer:

If GDP and consumption both rise by $6 billion in the second round of the process, what is the MPC in this economy?

  • MPC = 0.8

What is the size of the multiplier?

  • multiplier = 2.5

If, instead, GDP and consumption both rose by $8 billion in the second round, what would have been the size of the multiplier?

  • multiplier = 5

Explanation:

Since the change in consumption is $6 billion, and the initial expansion in investment was $10 billion, the marginal propensity to consume (MPC) = expansion in consumption / initial expansion = $6 / $10 = 0.6

the economy's multiplier = 1 / (1 - MPC) = 1 / (1 - 0.6) = 1 / 0.4 = 2.5

If both the economy and the GPD had expanded by $8 billion, the MPC = $8 / $10 = 0.8, so the economy's multiplier = 1 / (1 - 0.8) = 1 / 0.2 = 5

Another way to determine the multiplier = 1 / MPS (marginal propensity to save), since MPS = 1 - MPC

3 0
3 years ago
Prior to the write off of a $500 customer account, Athena Company had the following account balances: Accounts receivable $19,60
Effectus [21]

Answer:

Net accounts receivable Before $18,600 and  After $18,600

Explanation:

solution

we know that here

net accounts receivable before write-off  

Accounts Receivable = $19,600  

and Allowance for doubtful debt = $1,000

so Net accounts receivable =  $19,600 - $1,000 =  $18,600

so

Journal Entry for write off is here    

Allowance for doubtful Accounts = $500

Accounts Receivable = $500

and

Net accounts receivable after write off is    

Accounts Receivable= $19,100

and

Allowance for doubtful debt= $500  

so Net accounts receivable = $19,100 - $500

Net accounts receivable = 8,600

so Net accounts receivable Before $18,600 and  After $18,600

6 0
4 years ago
What is a "closing balance?
erica [24]

Answer:

is the B

Explanation:

youre welcome good luck! !

6 0
3 years ago
Read 2 more answers
Which of the following real estate investments were involves purchasing real estate and charging a monthly fee for use of your s
kumpel [21]

Answer:

when you flip you buy at a low price, fix it up then sell at a higher price for profit. usually in less than 6 months.

5 0
4 years ago
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