According to the given information, Mr Stanley would be considered an entrepreneur.
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Answer:
Letter A. <u>Quality through constant innovation and quality assurance training.</u>
Explanation:
Alternative A is correct, as W. Edwards Deming was a pioneer scholar in the application of organizational quality management.
He was responsible for creating the 14 points, which are principles for management that will help the organization to achieve total quality. He was also responsible for popularizing the PDCA Cycle (PLAN, DO, CHECK, ACT), which is a strategic tool widely used worldwide to ensure continuous improvement and the quality of processes and products.
- PLAN: define objectives, methods and resources.
- DO: Perform, educate and train.
- CHECK: Measure and evaluate
- ACT: act correctly.
Continuous improvement can be achieved through the correct and targeted use of the PDCA cycle towards organizational objectives. For Deming, without continuous improvement, there is no survival of the organization in the market, so he argues that continuous improvement must be implemented in all phases of the project, to achieve the benefits of continuous improvement of processes, increased productivity and reduced costs.
Answer:
The correct answer is The covenant of warranty.
Explanation:
It is said that in this type of pact a public and peaceful possession must be written, which can be exercised so that it can be known by society. The possession of the property must be declared as continuous (that is, there can be no claim by the owner or the property is lost), and must be exercised as the legitimate owner before third parties.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Machine setups
Estimated annual overhead cost= $198,800
Number of setups 2,800
Machining
Estimated annual overhead cost= $337,400
Machine hours 24,100
Inspections.
The estimated annual overhead cost= $81,000
Number of inspections 1,500.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Machine Setup:
Estimated manufacturing overhead rate= 198,800/2,800= $71 per setup
Machining:
Estimated manufacturing overhead rate= 337,400/24,100= $14 per machine hour
Inspections:
Estimated manufacturing overhead rate= 81,000/1,500= $54 per inspection.
Net loss is when expenses exceed the income or total revenue produced for a given period of time
