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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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The given data represent the total compensation for 10 randomly selected CEOs and their​ company's stock performance in 2009. An
jok3333 [9.3K]

Missing Question Data:

As the Question is missing relevant data, I have searched for it online and found a question similar. The data is attached in a picture file. It might be a little different from your actual question but same approach can be used to solve the question.

Answer with Explanation:

For simplicity, we denote the compensations with variable <em>x </em>and the stock return with variable <em>y.</em> Let us first find the mean and standard deviation for both compensation (x) and return (y).

Mean of Compensation (<em>x) </em> will be,

X\;=\;\frac{26.43\;+\;12.03\;+\;19.74\;+\;13.54\;+\;11.97\;+\;11.41\;+\;25.94\;+\;14.46\;+\;17.13\;+\;14.71}{10}

X\; = \;16.737

Mean of Stock Return (y) will be,

Y\;=\;\frac{5.43\;+\;30.89\;+\;31.89\;+\;80.06\;-\;8.22\;+\;2.89\;+\;4.39\;+\;10.95\;+\;4.18\;+\;11.94}{10}

Y\;=\;17.44

Standard Deviation for Compensation (x) is given by,

\sigma _{x}\;=\;\sqrt{\frac{\sum (x_{i}-X)^{2}}{N}}

\sigma _{x}\;=\;\sqrt{\frac{(26.43-16.73)^{2}+(12.03-16.73)^{2}+....+(14.71-16.73)^{2}}{10}}

\sigma _{x}\;=\;5.30

Standard Deviation for Compensation (x) is given by,

\sigma _{y}\;=\;\sqrt{\frac{\sum (y_{i}-Y)^{2}}{N}}

\sigma _{y}\;=\;\sqrt{\frac{(5.43-17.44)^{2}+(30.89-17.44)^{2}+....+(11.94-17.44)^{2}}{10}}

\sigma_{y}\;=\;23.97

To find the predicted stock return, we have to use the equation for of line of regression,

y_{required}\;-\;Y\;=\;z\;*\;\frac{\sigma _{x}}{\sigma _{y}}\;*\;(x_{required}-X)\;.........\;(1)

where,

z\; =\;Correlation\;coefficient\;=\;-0.2426\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;(given)

x_{required}\;=\;Compensation\;of\;\$15\;million\;=\;15

y_{required}\;=\;Stock\;return\;at\;x_{required}

Equation (1) will become,

y_{required}\;-\;17.44\;=\;-0.2426\;*\;\frac{5.30}{23.97}\;*\;(15\;-\;16.73)

y_{required}\;=\;-0.054*\;(-1.73)\;+\;17.44\;

y_{required}\;=\;17.533.

4 0
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Johnson is an executive vice president at Conecom Hardware. He researches a proposal by a larger company, Openlane Hardware, to
WARRIOR [948]

Answer: Turn down the acquisition offer and prepare to resist a hostile takeover.

Explanation:

Since Johnson analysed the past performance of Openlane hardware and found out that past performance, conducting focus groups, and interviewing Openlane employees, Johnson concludes that the company has poor profit margins, sells shoddy merchandise, and treats customers poorly, then Johnson and Conecom Hardware should turn down the acquisition offer and prepare to resist a hostile takeover.

In this case, the merge between the companies will have a negative impact on Johnson and Conecom hardware due to the fact that the company has a bad reputation already and this can have an effect on Conecom. Therefore, the acquisition offer should be turned down.

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Strategic planning requires ________________ to facilitate the process of assessing opportunities or threats from competitors.
Licemer1 [7]

Strategic planning requires <u>marketing </u>Analytics to facilitate the process of assessing opportunities or threats from competitors.

<h3>What is Marketing Analytics?</h3>

Please note that this is the study of data to assess the performance of marketing activity.

It strives to uncover market-related insights from data and helps to:

  • stop or prevent continuous losses
  • uncover hidden opportunities
  • evaluate competition
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Following from the full question which is attached, the correct answer is B.

See the link below for more about marketing analytics:

brainly.com/question/26199645

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2 years ago
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Que concepto tienes de atención al cliente en recursos humanos
ratelena [41]
What is your concept of customer service in human resources?
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3 years ago
You write one MBI July 139 call contract (equaling 100 shares) for a premium of $17. You hold the option until the expiration da
Bogdan [553]

Answer:

$600 loss

Explanation:

A call option is defined as a contract that exists between ba buyer and seller of a call option to exchange securities held at a particular price within a specific period.

To calculate the profit realised on the investment

Profit from call option= (150- 139) * 100

Profit from call option= $1,100

Profit from premium= 17 * 100

Profit from premium= $1,700

Profit on investment= Profit from call option - Profit from premium

Profit on investment = 1,100 - 1,700 = -$600

So there is a loss of $600

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3 years ago
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