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ch4aika [34]
3 years ago
13

Total quality management (TQM) A. C) works best when used in conjunction with Six Sigma quality control techniques. B. D) is an

excellent tool for reengineering business processes and making quantum gains in the efficiency and effectiveness with which the processes are performed. C. B) is a valuable tool for helping company managers identify what the best practice is for performing a particular activity. D. A) is a philosophy of managing a set of business practices that emphasizes continuous improvement in all phases of operations, 100 percent accuracy in performing tasks, involvement and empowerment of employees at all levels, team-based work design, benchmarking, and total customer satisfaction. E. E) is a philosophy of doing things that aims at mistake-free management of a company's entire business.
Business
2 answers:
devlian [24]3 years ago
7 0

Answer:

<u>Is a philosophy of managing a set of business practices that emphasizes continuous improvement in all phases of operations, 100 percent accuracy in performing tasks, involvement and empowerment of employees at all levels, team-based work design, benchmarking, and total customer satisfaction. </u>

Explanation:

Total quality management is a philosophy whose central objective is to assist an organization to obtain greater efficiency in the execution of its processes and practices, making continuous improvement an essential pillar for quality.

Achieving total quality, means integrating all organizational systems in efforts and actions so that all company processes are executed according to the best practices and market standards, it must be a concept shared by all members of the organization, in a way that that all areas are equally responsible for achieving best practices in processes, products, services and organizational culture.

Total quality management is related to ethical, moral actions, improvements in safety, service and everything related to the company's activities.

A culture focused on continuous improvement benefits the organization to correct errors related to the production process, reduce costs, increase productivity and motivation, improve working conditions, know its internal and external environment, and increase the efficiency and success of employees. business as a whole.

nadya68 [22]3 years ago
6 0

Answer: D. A)is a philosophy of managing a set of business practices that emphasizes continuous improvement in all phases of operations, 100% accuracy in performing tasks, involvement and empowerment of employees at all levels, team-based work design, benchmarking, and total customer satisfaction.

Explanation: Total Quality Management (TQM) is simply a management approach to long-term success that is attained through customer satisfaction, improving customer experience, detection and reduction or elimination of errors in manufacturing, streamlining supply chain management, training of workers etc. with the aim of holding all parties involved in the production process accountable for the overall  product or service quality. It is therefore, a philosophy of managing a set of business practices that emphasizes continuous improvement in all phases of operations, 100% accuracy in performing tasks, involvement and empowerment of employees at all levels, team-based work design, benchmarking, and total customer satisfaction.

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Based on the scenario and the knowledge gained from this section, address the following:
Anna11 [10]
I don't know your scenario, but I can give an example for discussing federalism, and hope that it will be helpful to you!

The main effect that the the division of power between the federal and state governments has on its citizens is that the lives of the citizens differ depending on the state they live in.

Let's take the death penalty: people living in a state with this penalty can fear being falsely condemned to it (happens often!) and the people who live elsewhere don't need to fear it.

Also, let's take possesion of small amounts of marihuana: a person would be punished differently for it, depending on the state they live in.
6 0
3 years ago
Cash cows are typically found in the _________ stage of the industry life cycle.
barxatty [35]

Cash cows are typically found in the Maturity stage of the industry life cycle.

What is industry life cycle?

A business or industry's development based on its stages of growth and decline is referred to as going through its industrial life cycle. The four stages of an industry's life cycle are introduction, growth, maturity, and decline.

How is the industry life cycle used?

An industry's life cycle has four phases: expansion, peak, contraction, and trough. Where a firm is in the cycle will be determined by the analyst, who will then utilize this knowledge to forecast future financial performance and calculate forward valuations (e.g., forward price-earnings ratios).

Why is industry life cycle important?

You can learn vital information from industry cycles about supply networks, corporate strategy, and earnings as well as growth possibilities, opportunities, and obstacles. The business cycle has an impact on both firm strategy and earnings.

Learn more about industry life cycle: brainly.com/question/28072264

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6 0
1 year ago
Economy of Economy Stock A Stock B Recession .20 .010 –.35 Normal .55 .090 .25 Boom .25 .240 .48
zavuch27 [327]

Answer:

a.  STOCK A

State of nature  R(%)           P        ER            R-ER        R - ER2.P          

Recession           0.010      0.20    0.002      -0.1015     0.00206045

Normal                0.090     0.55     0.0495    -0.0215    0.0002542375

Boom                  0.240      0.25     0.06         0.1285     0.0041280625                                                    

                                                  ER   0.1115       Variance 0.00644275    

STOCK B                                                                                                                                                                                                                                                                                                                                          

State of nature   R(%)           P          ER        R - ER        R - ER2.P                  

Recession         -0.35         0.20    -0.07       -0.5375    0.05778125                                                                                                                                                                                                                                                                        

Normal               0.25         0.55     0.1375     0.0625    0. 0021484375

Boom                 0.48          0.25     0.12         0.2925    0.021389062                                                                                                                                                                                                                                                                                                                                                                                

                                              ER      0.1875    Variance  0.08131875  

Expected return of stock A = 0.1115  = 11.15%

Expected return of stock  B = 0.1875 = 18.75%

b.  Standard deviation of stock A = √0.00644275 = 0.0802                                                              

Standard deviation of stock B = √0.08131875= 0.2852                                        

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

Explanation:

In the first case, there is need to calculate the expected return                                                                                                                                                                                                                                                                                                                                                  of each stock by multiplying the return by probability.

In the second case, we need to obtain the variance. The square root of variance gives the standard deviation. Variance is calculated by deducting the expected return from the actual return, then, raised the         difference by power 2 multiplied by probability.                                                                                                                                                                                                                                                                    

4 0
4 years ago
David's marketing research returned the finding that customers were staying away from his bookstore because of a lack of service
Anton [14]

Answer:

.A. knowledge

Explanation:

Business knowledge refers to an entrepreneur's understanding of customers' preferences, staff skills,  business operations and processes, and overall market trends. When expertly gathered, business knowledge is an essential reference point for decision making. The information is useful for continued business growth and identification of new opportunities.

Market research is one way of gathering knowledge. Before the study, David appeared to be unaware of his customer preferences. Lack of business knowledge can lead to the loss of customers and the collapse of a business. Business owners can also gain knowledge through employee and supplier networks.

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3 years ago
If a worker was climbing on a tower while attached to a vertical lifeline, the workers fall protection system would be provided
Alex_Xolod [135]

If a worker was climbing on a tower while attached to a vertical lifeline, the workers fall protection system would be provided by: single anchor vertical lifeline , and mobile fall arrestors.

<h3>What is a protection system?</h3>

Protection system can be defined as the system that help to protect and safeguard people from hazard or to protect people from material that may fall on them while climbing a tower.

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Learn more about Protection system here:brainly.com/question/26260220

#SPJ1

4 0
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