Answer:
Option (a) is correct
Explanation:
Total quality management is a process by which a business aims to minimize errors, with maximizing it's output, laying immense emphasis on product quality and customer satisfaction.
Such an approach was developed by Edwards Deming who emphasized upon efficient production, reduction of defects and wastage and continuous employee learning process that enhances the skills.
The focus of TQM is upon minimizing defects and errors as well as providing quality products to customers.
Such a process calls for, all those individuals who are involved in the production process to assume responsibility for product defects and errors.
TQM lays emphasis upon improving internal practices prevailing within the company which yield desired results.
Thus, one of the facets of such an approach being, improvement of supervision by allowing more time to supervisors to work and coordinate well with employees.
Answer:
Break even point in unit will be 15000
And in dolor it will be $1350000
Explanation:
We have given selling price for each product = $90
Variable cost = $60 per unit
Contribution margin = $90 - $60 = $30 per unit
Fixed cost = $450000
We have to find the break even point
We know that break even point is given by
Break even point 
Break even point in dolor = $90×15000 = $1350000
Answer:
$4,600
Explanation:
Casualty loss deduction = Adjusted basis - insurance compensation = 5800-1200= $4,600
Answer:
$7.5
Greater
Explanation:
Price elasticity of demand = percentage change in quantity demanded/ percentage change in price
0.2 = 10%/ percentage change in price
percentage change in quantity demanded = 50% = 0.5
0.5 = (New price - $5) / $5
New price = (5 × 0.5) + 5 = $7.5
In the short run, demand is relatively inelastic because consumers need time to find suitable substitutes but in the long run, demand is usually more elastic.
I hope my answer helps you
5.16 cubic yards is the answer.
