Answer:
the amount of money that has to be paid to acquire a given product.
<em>I hope this helps! ^^</em>
Statistics are used in place of parameters for making decisions since they are simpler to collect.
<h3>What are the guidelines?</h3>
In general, a parameter is any feature that aids in describing or categorizing a certain system. In other words, a parameter is a component of a system that is crucial or useful for identifying the system or assessing its functionality, status, or other characteristics.
To describe the entire population under study, a parameter is utilized. For instance, we are interested in learning the typical length of a butterfly. This information about the total butterfly population makes it a parameter.
Three different parameter kinds,
- Value Specifiers.
- Parameters of Reference.
- output variables
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Answer:
The incorrect statement is number (3): Workers are viewed like machinery, needed to get the job done, nothing more.
Explanation:
Lean production or Lean Manufacturing is a method of work organization that focuses on the continuous improvement and optimization of the production system by eliminating waste and all activities that do not add any value to the process. Its main purpose is to minimize the losses that arise in any manufacturing process and implement only those resources that are relevant.
<em>Lean production aims to boost employees' efficiency not necessarily automating their duties.</em>
The amount of his monthly net cash flow is the best example of qualitative information
The choice usefulness, decision model approach to accounting theory plays a significant supportive role in the utilization of qualitative traits or qualities required for information. The attributes that make the data supplied in financial statements valuable to users are referred to as qualitative qualities.
Fundamental qualitative traits that are desired in accounting information are produced by the demand for accounting information from investors, lenders, creditors, etc. Accounting information has six distinct qualitative traits.
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