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maw [93]
3 years ago
7

Describe the philosophical differences between inspection, prevention, quality, quality control, statistical quality control, st

atistical process control, total quality management, and continuous improvement.
Business
1 answer:
Darya [45]3 years ago
6 0

<u>Explanation:</u>

Consider the following differences in definitions of the terms:

  1. Inspection is often defined as the act of finding defects in the already completed products.
  2. Prevention, on the other hand, is the process of preventing defects or errors in the products. One advantage of the prevention process over inspection is that errors are detected <em>before </em>the products are completed; leading to better product performance.
  3. Quality simply refers to the visible properties of the product. It can either be 'good quality' or 'bad quality' the product.
  4. Quality Control involves a detail step of inspection and product specifications in other to achieve the best quality in the mind of the customer.
  5. Statistical quality control (SQC), is a method used to monitor the quality of products produced so that they do not have variations in the quality of produced products.
  6. Statistical Process Control (SPC) on the other hand, is a method used to control how the production processes are done, in other to identify any defect in the product or service beforehand. By means of the SPC method, losses arising from a poor production process can be reduced.
  7. Total Quality Management (TQM) is a method that obligates the company to offer the best quality products or services to its customers.
  8. Continuous Improvement (CI) is concerned with continuous product and service improvement. Here, the company's top level management makes it a goal to constantly and continuously improve the production process.
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Stryder, Inc., has 3 million shares outstanding at a current price of $15 per share. The book value of the shares is $10 per sha
KengaRu [80]

Answer:

Answer:

                                                                                         $

Market value of shares (3,000,000 x $15)           = 45,000,000

Market value of bonds (30,000,000 x $101/100) = 30,300,000

Market value of the firm                                            75,300,000

The correct answer is D

Explanation:

Market value of the firm is the sum total of market value of shares and market value of bond. The market value of each stock is equal       to number of stocks issued multiplied by current market price of each stock.

Explanation:

6 0
3 years ago
Suppose the United States removes the sugar quotas and the market price of sugar drops. Since sugar is an input in chocolate, we
8090 [49]

Answer:

The consumer surplus will definitely increase.

Explanation:

The reason is that the manufacturers have purchased the sugar at a high price and now it is available at a lower price. So this means that the price of chocolate must decrease in the market if the price of material input is fallen. But the chocolate prices will take time to fall and as the result the customer is willing to pay lower prices but he is forced to pay more because the manufactured chocolates include sugar which was bought at a higher price. So the consumer surplus will increase.

4 0
3 years ago
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production
Gelneren [198K]

Answer:

Explanation:

We solve this prblem in three steps    

   

Step#1    

In this step we will prepare the summary of units produces and trasffered and units in closing stock    

   

   

Opening units  8000  

Started                133000  

                            141000  

Transffered           122000  

Closing                       19000  

Step#2

We will prepare production and cost table, total cost will be divided by the total units produced to identify the cost per unit  incurred on material, labor and overheads.

Cost      opening   Current    Total      Complete  Closing  Equiv.      Cost

Head       Cost        Cost        Cost          units          WIP      Units     Per unit

Material  38,600  751,000   789,600   122,000    19,000  141,000  5.6000  

Labor     1,480      138,820    140,300   122,000    13,300 135,300  1.0370  

O.H       2,960      267,640   270,600  122,000    13,300  135,300  2.0000  

Step-3      

In this process we will calculate the cost incurred during the period.      

   

   

Complete  122,000   8.64   1,053,708  

   

Closing Wip    

   

Material    19,000   5.60            106,400  

Labor              13,300   1.04            13,792  

Overheads  13,300   2.00            26,600  

                                            146,792  

   

Total Cost                             1,200,500  

4 0
3 years ago
A managed portfolio has a standard deviation equal to 26% and a beta of .9 when the market portfolio's standard deviation is 22%
Neporo4naja [7]

Answer:

118%

Explanation:

Calculation for the M2 measure invested in the managed portfolio

Using this formula

M2 measure invested in the managed portfolio=Managed portfolio standard deviation standard deviation/Market portfolio's standard deviation

Let plug in the formula

M2 measure invested in the managed portfolio=26%/22%

M2 measure invested in the managed portfolio=118%

Therefore the adjusted portfolio P* needed to calculate the M2 measure will have 118% invested in the managed portfolio and the rest in T-bills

3 0
3 years ago
The market capitalization rate on the stock of Aberdeen Wholesale Company is 10%. Its expected ROE is 12%, and its expected EPS
Shalnov [3]

The Price-earnings ratio of Aberdeen Wholesale Company equals to 14.29.

<h3>What is a P/E ratio?</h3>

Its means the Price-earnings ratio which is used to value a companies by comparing the company's share price to its earnings per share.

<u>Given data</u>

Market capitalization rate = 10%

Expected ROE = 12%

Expected EPS = $5

Plowback ratio is 60%

<h3>What is the Dividend payout ratio?</h3>

= 1 - 0.6

= 0.4

<h3>What is the Expected dividend?</h3>

= 0.4 × $5

= $2

<h3>What is the Growth rate?</h3>

= 0.6 * 12%

= 7.2%

<h3>What is the Firm Value?</h3>

= $2 / (0.10 - 0.072)

= $2 / 0.028

= $71.43

<h3>What is the P/E ratio?</h3>

= $71.43 / $5

= 14.286

= 14.29

Hence, the Price-earnings ratio of Aberdeen Wholesale Company equals to 12.5.

Therefore, the Option D is correct.

Read more about Price earnings ratio

<em>brainly.com/question/14690388</em>

5 0
2 years ago
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