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Licemer1 [7]
3 years ago
8

Companies employing total quality management (TQM) programs know that Multiple Choice quality control should be incorporated onl

y in the final stage of the transformation process. benchmarking quality standards will reduce their competitive advantage. reworking defective products is the best way to ensure high standards of quality. TQM requires constant improvements in all areas of the company as well as employee empowerment. quality control should be a function of the operations process and not an element of the product itself.
Business
1 answer:
ladessa [460]3 years ago
4 0

Answer:

<u>TQM requires constant improvements in all areas of the company as well as employee empowerment.</u>

Explanation:

As the name implies, total quality management requires constant improvements in all areas of the company as well as employee empowerment.

In other words, the company expects 99.99% accuracy in all areas of operations which should also include employee empowerment so that they can better meet quality standards.

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Answer:

$27,642.86

Explanation:

To determine the price Marko will pay today to buy ABC Co, one has to find the present value of the cash flows.

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator.

Cash flow in year one = $6300

Cash flow in year two = $11,300

Cash flow in year three = $17,500

I = 11%

Present value = $27,642.86

To find the present value using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

7 0
2 years ago
A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400,000 and facto
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Explanation:

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Direct labor = $2,400,000

First option is the correct option.

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