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ss7ja [257]
3 years ago
12

What is the main aim of business office​

Business
1 answer:
GREYUIT [131]3 years ago
6 0

Answer:

Hope it helps

Mark my answer brainliest

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Explain the concept of a Pereto Chart - provide an example - explain how the concept of the Pereto Chart might be used in making
Bezzdna [24]

Answer:

a. A Pareto Chart is a graph that shows the frequency of flaws and their overall impact.

b. For instance, by using Pareto Charts, you might discover that putting in 13% of the effort yields 87% of the results. Alternatively, 30% of underlying causes might be addressed to solve 70% of problems.

c. Pareto charts are important for deciding which defects or negative risks should be prioritized in order to achieve the best overall results.

Explanation:

a. Explain the concept of a Pereto Chart

A Pareto Chart is a graph that shows the frequency of flaws and their overall impact. A Pareto chart is a fundamental quality tool that can be used to identify the most common problems, complaints, or any other countable and categorizeable factor. A Pareto chart is a form of graph that includes both bars and a line graph, with bars representing individual values in descending order and a line representing the cumulative total.

b. Provide an example

The Pareto Principle explains how there is frequently a lack of symmetry between the labor you do and the outcomes you get. For instance, by using Pareto Charts, you might discover that putting in 13% of the effort yields 87% of the results. Alternatively, 30% of underlying causes might be addressed to solve 70% of problems.

b. Explain how the concept of the Pereto Chart might be used in making decisioins about handling negative risks which could impact a project or organization.

A Pareto diagram is used to distinguish between the important and inconsequential components of a problem. It frequently shows the most common sources of defects, the most common type of fault, the most common grounds for customer complaints, and so on in quality control.

Therefore, Pereto Chart might be used in making decisioins about handling negative risks which could impact a project or organization as it allows a project team or an organisation to know where to focus their improvement efforts by graphically distinguishing the parts of an issue. Pareto charts are therefore important for deciding which defects or negative risks should be prioritized in order to achieve the best overall results.

5 0
3 years ago
The circular flow model of a mixed economy shows _____.
Sauron [17]
In economics<span>, a </span>circular flow model<span> is a diagram that is used to represent the monetary transactions in an</span>economy<span>. ... The factor owners spend the income on goods which leads to </span>the circular flow<span> of payments .</span>Circular flow<span> of goods income. </span>The circular flow model shows<span> the </span>flow<span> of payments between households and firms</span>
4 0
3 years ago
Which test of whether an organization is well designed relates to what extent layers of management are necessary to provide focu
diamong [38]

The redundant hierarchy test is an organization is well designed relates to what extent layers of management are necessary to provide focus, direction, or coordination for the units in their scope.

What do you know about organizational development?

A definition. Organizational development is a critical and science-based process that helps organizations build their capacity to change and achieve greater effectiveness by developing, improving, and reinforcing strategies, structures, and processes.

The redundant hierarchy test:

helps point out this design weakness, alerting designers to the need either to eliminate the layer or to define the responsibilities, skills, management processes and leadership style that will make the layer a positive influence on performance.

What is the purpose of organizational design?

Organisational design is the process of aligning the structure of an organisation with its objectives, with the ultimate aim of improving efficiency and effectiveness. Work can be triggered by the need to improve service delivery or specific business processes, or as a result of a new mandate.

Learn more about redundant hierarchy test:

brainly.com/question/7351245

#SPJ4

4 0
1 year ago
Many ironworkers are also experienced in what other skills? (Select all that apply.)
Artyom0805 [142]
Welding because their constantly working on metal
7 0
3 years ago
How long will it take for the dollar's purchasing power to be 3/4ths of what it is now, if the general inflation rate is expecte
vaieri [72.5K]

Answer:

5.61 years

Explanation:

Let the Present value be 'x'

Data provided in the question:

Future value = \frac{3}{4}x

Inflation rate, i = 5% = 0.05

Now,

Using the compounding

let number of years be n

thus,

Future value = Present value × [ 1 - inflation rate ]ⁿ

\frac{3}{4}x = x × (1  - 0.05)ⁿ

or

0.75 = 0.95ⁿ

on taking log on both the sides , we get

or

log(0.75) = n × log(0.95)

or

-0.125 = n × (-0.0223)

or

n = 5.61 years

or, n = 11.89 years

8 0
3 years ago
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