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maw [93]
3 years ago
12

Many fast-food restaurants compete on lean business concepts. Match each of the following activities at a fast-food restaurant w

ith the lean business concept it strives to achieve. Some activities might relate to more than one lean business concept.
a. Just-in-time (JIT)
b. Continuous improvement (CI)
c. Total quality management (TQM)
1. Courteous employees
2. Food produced to order
3. Clean tables and floors
4. Orders filled within three minutes
5. Standardized food making processes
6. New product development
7. Customer satisfaction surveys
8. Standardized menus from location to location
9. Drive-through windows
10. Continually changing menus
Business
1 answer:
riadik2000 [5.3K]3 years ago
8 0

Answer:

1. C

2. A

3. C

4. A

5. C

6. B

7. B and C

8. C

9. A and B

10. B

Explanation:

A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;

  • <em>A total quality management (TQM) is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.</em>
  • <em>Just-in-time (JIT) is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.</em>
  • <em>A continuous improvement (CI) is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.</em>

1. Total quality management (TQM): Courteous employees

2. Just-in-time (JIT): Food produced to order

3. Total quality management (TQM): Clean tables and floors

4. Just-in-time (JIT): Orders filled within three minutes

5. Total quality management (TQM): Standardized food making processes

6. Continuous improvement (CI): New product development

7. Total quality management (TQM) and Continuous improvement (CI): Customer satisfaction surveys

8. Total quality management (TQM): Standardized menus from location to location.

9. Continuous improvement (CI) and Just-in-time (JIT): Drive-through windows.

10. Continuous improvement (CI): Continually changing menus.

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Alpha Industries is considering a project with an initial cost of $9.7 million. The project will produce cash inflows of $1.67 m
vovikov84 [41]

Answer:

$660,000

Explanation:

WACC = [wD * kD * (1 - t)] + [wE * kE]

WACC = [(0.77 / 1.77)*6.12%* (1 - 0.40)] + [(1 / 1.77)*11.61%]

WACC = 1.60% + 6.56%

WACC = 8.16%

Present value of annuity = Annuity*[1-(1+interest rate)^-time period]/rate

Present value of annuity = $1.67*[1-(1.08156745763)^-9]/0.0816

Present value of annuity = $1.67*6.206374532

Present value of annuity = $10.36 million

NPV = Present value of inflows - Present value of outflows

NPV = $10.36 million - $9.7 million

NPV = $660,000

5 0
2 years ago
If $ 9 comma 000 is invested in a certain business at the start of the​ year, the investor will receive $ 2 comma 700 at the end
Marianna [84]

Answer:

PV= $9,355.78

Explanation:

Giving the following information:

If $ 9,000 is invested in a certain business at the start of the​ year, the investor will receive $ 2,700 at the end of each of the next four years.

Interest rate= 6%.

First, we need to find the final value

FV= {A*[(1+i)^n-1]}/i

A= payment

FV= {2,700*[(1.06^4)-1]}/0.06= 11,811.46

Now, we calculate the present value:

PV= FV/(1+i)^n

PV= 11,811.46/1.06^4= $9,355.78

4 0
3 years ago
A purely domestic firm that sources and sells only domestically, Multiple Choice should never hedge since this could actually in
Oksana_A [137]

Answer:

faces exchange rate risk to the extent that it has international competitors in the domestic market.

Explanation:

Exchange rate risk is defined as the risk that exists when a company engaged in transactions that are denominated in a foreign currency rather than the domestic currency.

So if a purely domestic firm that sources and sells only domestically has international competitors in its local market, and the exchange rate is favouring the competitors there will be a risk for them.

For example if international competitors can source raw materials cheaper because of the exchange rate of a foreign country, it will be a disadvantage to local firms that cannot reduce their prices.

5 0
3 years ago
The united states economy spends about as many months in recession as it spends in expansion. True or False
kobusy [5.1K]

Answer:

I think the answer will be true

8 0
2 years ago
Janet is planning to purchase the stock of Mortensen Petro, Inc. She expects the stock to pay a $1.98 dividend next year, and sh
Arada [10]

Answer: Current Price $26.65

Explanation:

Rate of return = 12.5%

dividends = $1.98

Expected Price (in a year from now) Pe= $28

Current price = Pc

R = (Pe - Pc + D)/Pa

0.1250 = (28 - Pc + 1.98)/Pc

28 - Pc + 1.98 = 0.1250Pc

-Pc - 0.1250Pc = - 28 - 1.98

- 1.125Pc = -29.98

 Pc = -29.98/(-1.1250Pc) = 26.64888889

 Pc = $ 26.65

7 0
3 years ago
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