Answer: perform in-between meeting tasks(A)
Explanation:
The plan-do-check-act (PDCA) is a four-step method that is used in business and organizations for the control and improvement of the processes and products
A in PDCA stands for Act and it means to take action based on what one has learned in the study. In a case whereby the change does not work, own should go through the cycle again using a different plan.
In cases were one is successful, the person should incorporate what has been learned from the test into broader changes.
The "act" part of the PDCA cycle is used to perform in-between meeting tasks.
Answer:
The answer is false
Explanation:
Market price minus profit equals target cost and not target price.
The full question is:
Which of the following are facility-level activities? (select all that apply)
a. Paying factory insurance
b. Setting up factory equipment
c. Arranging for shipping products to a customer
d. Property taxes on plant
Answer:
Paying factory insurance
Property taxes on plant
Explanation:
Facility level activities are defined as those activities that cannot be traced to a particular product, but are carried out to maintain the general operations of a business. They are also called business sustaining activities.
Examples include depreciation, cost of security, cost of maintenance and taxes.
These activities need to be executed seamlessly by the business if they want to maintain efficiency of the production process. For example if machines are not maintained according to maintenance schedule, they can breakdown and cause delays in production.
Answer:
The correct answer is option C.
Explanation:
A monopolistic competitive firm has a downward sloping demand curve. Such a firm is a price maker. It decides price and output through the interaction of the marginal revenue and marginal cost.
The marginal revenue is the change in revenue because of selling an additional output. At high prices, the marginal revenue will be positive while at low prices it will be negative.
