<h2>Achieving specific set of goals does not come under Quality improvement programs and continuous process improvement.</h2>
Explanation:
Option B: Reducing errors and defects: Quality improvement means it includes avoiding / reducing errors too. The same can be considered as an improvement in the process too.
Option C: Improving efficiency: Continuous improvement should reflect the efficiency in improving performance and standards and thus enhancing the quality.
Option D: Improving profit: The ultimate aim to is have profit through quality product deliverable and continuous improvement in producing those. So Option D is valid
The given programs are not for achieving a specific goals. So Option A is invalid
Answer:
It will take 2.72 years and 32.64 months.
Explanation:
Future value is the sum of principal amount and compounded interest amount invested on a specific rate for a specific period of time.
Use following formula to calculate the time period.
FV = PV x ( 1+ r )^n
FV = Future value = $6,000
PV = Present Value = $4,000
r = rate of interest = 15% yearly = 15% / 12 = 1.25%
n = time period = ?
$6,000 = $4,000 x ( 1 + 1.25% )^n
$6,000 = $4,000 x ( 1.0125 )^n
$6,000 / $4,000 = ( 1.0125 )^n
1.5 = ( 1.0125 )^n
Log 1.5 = n log 1.0125
n = Log 1.5 / log 1.0125
n = 32.64 months
n = 2.72 years
It is important that u have all current info
Answer:
See the explanation Section
Explanation:
Every day I have to go to the market to purchase day to day utensils. Recently I witnessed a severe incident there. Before the incident day, I bought two pounds of onion with forty BDT. After the very next day, the price increased to 100. That happened due to the syndicate of businessmen and agents. However, it is challenging for the general people to take immediate action against them. That incident occurred due to the crisis of onions around the market. Moreover, there was little import from the neighboring countries.
Answer:
b. A decrease in price of 2% causes an increase in quantity demanded of 0%.
Explanation:
By definition, the demand is said to be <em>perfectly inelastic</em> when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.
Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).
So, now we know that the correct answer is <em>b, </em>because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.
