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prisoha [69]
3 years ago
12

The management of Omega Manufacturing is implementing a plan to minimize production mistakes by allowing teams that work in each

area of the production facility to develop a plan and then monitor their area to ensure the reduction of errors. The managers are engaging in ________.
Business
1 answer:
Whitepunk [10]3 years ago
7 0

Answer: Quality control

 

Explanation: Quality control refers to the process under which an organisation tries to keep the quality of their goods produced as per the market standards. This process is used to keep the customer base rigid and stable or to decrease the production cost by rectifying the errors.

     In the given case, omega is planning to minimize production mistakes by making each department monitoring their performance.

Thus, we can conclude that managers are engaged in quality control.

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Find the effective rate of interest to the nearest hundredth percent if $60.94 is earned in one year on a deposit of
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Answer:

6.25%

Explanation:

The formula for calculating interest rate is as follows

I= P x R x T

Where

I= interest,  P= principal amount, T is time

in this case: I= $60.94, P=$975, T=1 year

Therefore:

$60.94 = $975 x( r/100) x 1

$60.94 =975(r/100) multiply both side by 100 to get rid of the fraction.

6094=975r

r = 6094/ 975

r = 6.2502

interest rate = 6.25%

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