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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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Brings income and makes the economy better 
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Opportunity cost a) only is considered for goods in short supply. b) is the value of the next best alternative as a result of ch
Volgvan

Answer:

C. is the value of the next best alternative as a result of choosing some given alternative

Explanation:

Opportunity cost -It is the the benefit that an individual , business or investor miss out , while choosing an alternative .The financial reports does not show the opportunity cost , which the owner of the business use to make an educated decisions while going through multiple options .

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3 years ago
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You and several friends are stranded on a desert island. the group decides to gather coconuts. being afraid of heights, the grou
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Capital is a way of having land and labor to be involved for production. In the given scenario above, the catapult and rock would be a capital since it is needed to be made by people in order to gain something or it is used for production.

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3 years ago
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Sneed Corporation issues 12,700 shares of $49 par preferred stock for cash at $63 per share. The entry to record the transaction
hichkok12 [17]

Answer:

Dr Cash 800,100

    Cr Preferred stock 622,300

    Cr Additional paid in capital, preferred stock 177,800

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4 0
3 years ago
Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skil
jek_recluse [69]

Answer:

Direct material quantity (efficiency) variance= $60,500 unfavorable

Explanation:

Giving the following information:

Standards:

Direct​ materials: 1 pound per​ unit; $ 11 per pound

Allen produced 2,000 units during the quarter.

Direct material used= 7,500 pounds

To calculate the direct material efficiency variance, we need to use the following formula:

Direct material quantity (efficiency) variance= (standard quantity - actual quantity)*standard price

standard quantity= 2,000*1= 2,000 pounds

Direct material quantity (efficiency) variance= (2,000 - 7,500)*11

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It is unfavorable because the company used more materials that estimated to produce 2,000 units.

5 0
3 years ago
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