1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
A(n) _______ is an arrangement in which a third party promises to be secondarily liable for the payment of another's debt.
Gre4nikov [31]
A. guaranty arrangement
The third party is providing a guarantee that the lender will recover the debt regardless of the borrower's reputation to pay.
3 0
3 years ago
Some researchers and analysts have noticed a trend in which firms that increase their dividends see an increase in their stock p
alina1380 [7]

Answer:

The theory which explains the phenomenon described in the question is referred to as "Dividend Signaling".

Explanation:

When a company announces that is will be paying dividends, stock market players percieve this as an indication of :

  1. Strenght
  2. Performance and
  3. Profitability.

Hence investors will find it more attractive to purchase such a stock.

Cheers!

7 0
3 years ago
An online sales order processing system most likely would have an advantage over a batch sales order processing system by: Recor
tensa zangetsu [6.8K]

Answer:

The answer is: Enabling shipment of customer orders to be initiated as soon as the orders are received.

Explanation:

In a batch sales ordering process, your sales team gathers information about sales throughout an specific period of time and then enters it into the system all at once. While an online sales order processing system processes each sales transactions into your system immediately.

Imagine you want to buy a set of chairs and the salesman takes your order at 9 AM. If the salesman uses a batch sales ordering process, he might have to wait until midday to place your sales order along with all the other sales he did in the morning. If he was using an online sales order processing system, your sale would have been processed immediately without any other delay. That obviously saves time.    

4 0
3 years ago
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with informatio
MrRissso [65]

Answer:

<em>Cost of completed WIP:</em> 30,240

<em>Total cost of tranferreed-out:</em> 729,990

Explanation:

<em><u>We assume it works with weighted-average process costing</u></em>

Beginning 9,000 50% = 4,500   $22,050

Finished goods 207,000 units

Direct Materials 212,000 units at $1.6

Direct labor       $276,000

Overhead          $<u> 107,400    </u>

Total Overhead $383,400

started   212,000 units

<u>finished 207,000 units</u>

ending       5,000 units at 75%

EU Conversion Cost 207,000 + 5,000 x 75% =  210,750

<em>Cost per equivalent unit: 383,400 / 210,750 = 1,819217</em>

Cost of beginning WIP comepleted

22,050 beginning + 1.82 x 4,500 =  30,240

Cost of the units transferred to finished goods:

    22,050 beginning WIP balance

+ 207,000 x $1.6 materials

<u>+ 207,000 x $1.82 conversion cost  </u>

<em>Total:</em> 729,990

7 0
3 years ago
Worthington Chandler Company purchased equipment for $12,000. Sales tax on the purchase was $800. Other costs incurred were frei
insens350 [35]

Answer:

d. $13,575

Explanation:

The cost of the equipment includes all the cost incurred to bring the equipment to a state where it becomes available for use.

These costs are the cost of the equipment, sales tax, freight, repairs during installation and installation cost.

Therefore,

Cost of the equipment = $12,000 + $800 + $200 + $350 + $225

                                       = $13,575

The right option is d. $13,575.

3 0
3 years ago
Other questions:
  • For a honda accord, some factors shift demand left and others shift it right, as shown. classify each factor by how it shifts th
    14·1 answer
  • Ruiz Co. provides the following unit sales forecast for the next three months: January February March Sales units 3,000 4,200 5,
    11·2 answers
  • Home / study / business / economics / questions and answers / 1.if individual income tax accounts for more total ...
    12·1 answer
  • Which type of manager would most likely be responsible for researching customers’ purchasing habits?
    6·2 answers
  • A popular financial strategy in which a company is acquired in a transaction financed largely by debt and eventually paid with m
    11·1 answer
  • The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of
    8·1 answer
  • Malcolm has decided that he wants to open up his own law practice. The time has come to establish prices for his services. Due t
    8·1 answer
  • Although GDP is a reasonably good measure of a nation's output. It does not necessarily include all transactions and production
    11·1 answer
  • A ________ is an agreement by the person who issues the letter to pay a sum of money on receipt of an invoice and other document
    15·2 answers
  • Please help it’s a final
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!