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KengaRu [80]
3 years ago
13

You have been newly employed in a very reputable organisation in one of the following industries: agriculture, banking, “oil and

gas”, telecommunication, owing to your background in quality management you have been tasked to develop a Quality Manual to provide a framework for the operationalization of a Quality Management System (QMS). With reference to your choice of industry (selected from above), prepare a Quality Manual that captures the seven auditable clauses of the ISO 9001.
i. Context of the organization
(perform a stakeholder analysis of the organization)
ii. Leadership
(develop a quality policy, quality statement, mission and vision)
iii. Planning
(based on the quality policy, develop 5 quality objectives)
iv. Support
(design a hierarchy of QMS documentation required by the ISO standard and how each level contributes to the QMS, denoting whether they or time-dependent or time-independent by way of their classification)
v. Operation
(develop Standard Operating Procedures (SOPs) for two core processes).
vi. Performance Evaluation
(how will you evaluate one of the core processes above for performance)
vii. Improvement
(identify one quality program for continual improvement of one core process identified above)
Business
1 answer:
mel-nik [20]3 years ago
7 0

Answer:

We have to answer all the questions.

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A price ceiling set below the equilibrium price in a perfectly competitive market A. always reduces producer surplus and increas
anygoal [31]

Answer:

A

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

Because price is below equilibrium price, consumer surplus would increase and producer surplus would reduce

7 0
2 years ago
(c) the limits of the terms of trade are determined by the comparative cost conditions in each country before trade: 1a
Lorico [155]

The limits of the terms of trade are determined by the comparative cost conditions in each country before trade:

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

What is comparative cost ?

Comparative costs refers to comparing, using a comparative costs approach, the costs of signing into a privatized contract to the expenses of the state maintaining to provide the services that are the subject of the contract.

Therefore,

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

To learn more about comparative cost from the given link:

brainly.com/question/8141905

3 0
1 year ago
Suppose that we have the following information concerning the government's finances and the macroeconomy for a given year: Gover
tresset_1 [31]

Answer: $300 billion

Explanation:

The real deficit that a Government has is one that has been adjusted for inflationary effects. It is calculated by subtracting the inflation rate times the total debt from the nominal deficit.

= Nominal deficit - (Inflation rate * Total debt)

= 1.5 trillion - ( 10% * 12 trillion)

= 1.5 trillion - 1.2 trillion

= $300 billion

3 0
3 years ago
What term means an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of​ u
kirill115 [55]

Answer:

hyperinflation

Explanation:

Hyperinflation is a term in economics that denotes an out-of-control, rise in prices of goods and services . When the inflation rate is rapidly rising, say by more than 50% per month, then it is a case of hyperinflation.

Hence, hyperinflation is an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of​ use.

8 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20
Andrew [12]

Answer:

b. $102

Explanation:

Data provided as per the question below:-

Cost of basket in 2014 = $51

Cost of the basket in base year = $50

The calculation of the value of the CPI is shown below:-

Value of the CPI = (Cost of a basket in 2014 ÷ Cost of a basket in the base year) × 100

($51 ÷ $50) × 100

= $102

Therefore for computing the value of CPI we simply applied the above formula.

7 0
3 years ago
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