Revenues are recorded when measurable and available, as required by... this method, for the fiscal year ended June 30, 2018.
What is measurable quality?
It is important to establish the characteristics of reliability, availability, maintainability, and maintenance support performance in order to represent its performance in quantitative terms and subsequently to characterise, measure, improve, guarantee, and certify such an item. The set of SEG Measurement characteristics that set us apart from our rivals—those features that give our consumers more than they can receive elsewhere—is known as The Measurable Difference. Measurability definitions the property of being quantifiable. equivalents: quantifiability ratability is a type. the property of being graded or estimable-able.
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a developer retains agent suzy to sell townhouses. joey, a licensed agent, submits an offer to buy unit 1603 for $120,000, and a sales contract is executed. through a typographical error, however, the contract identified unit 1602 which was listed for $150,000. this contract would fall under which category
This contract would fall under the category of mutual mistake of fact. This is when both parties to a contract are mistaken about a material fact important to the agreement. In this case, both the developer and the buyer got the unit number wrong, which affected the price of the unit.
If there is a mutual mistake of fact, the contract may be void, meaning that the parties may choose to either revoke or retain the contract. In this case, the developer and buyer would have to agree to a solution, such as the buyer paying the right price for the right unit, or the contract being void. If no settlement agreement is reached, the courts may be asked to step in and decide on the next course of action.
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Maturity models, statistical methods, and test plans are examples of tools used in quality management.True and False
It holds completely appropriate and essentially correct to be mentioning that the maturity models, test plans, and statistical methods are to be assumed as examples of tools in quality management. Therefore, the given statement is to be held as true.
The significance of quality management is such that it assists the organization and its managers in order to use the different tools that are directed towards effectiveness in the business-related functions and activities. The tools used by the managers include the models of maturity, which may also be stats-driven, as well as include test plans.
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Thus, it is appropriate to accept the offered statement as true.
Mentioning that maturity models, test plans, and statistical approaches are to be used as examples of tools in quality management holds absolutely acceptable and is fundamentally right.
The importance of quality management is such that it helps the company and its managers employ the many instruments that are intended to increase effectiveness in business-related roles and operations. The maturity models, which might potentially be stats-driven, and test plans are among the tools that managers utilize.
Project management maturity models are used to: assess existing project management practices compare practices to an industry standard; and provide a methodical path for improving project management practises.
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h of the following is/are example(s) of optical properties of materials? which of the following is/are example(s) of optical properties of materials? a. refractive index b. dielectric constant c. reflectivity both a and b both b and c both a and c a, b, and c are all optical properties. none of these are optical properties of a material.
Refractive index is just one of matter's optical attributes. Dispersion. Transmission Coefficient and Transmittance.
What is meant by optical properties?Refractive index is just one of matter's optical attributes. Dispersion. Transmission Coefficient and Transmittance.
Both the medium's extinction index and refractive index directly affect these characteristics. The most significant optical characteristics are those that affect light's refraction, absorption, reflection, and scattering.
An essential characteristic of any optical instrument's parts is their refractive index. It establishes how effective prisms are at scattering light, how well lenses concentrate light, how reflective lens coatings are, and how well optical fibres guide light.
High reflection and poor transmission are connected to metals' optical characteristics. The absorption coefficient and the index of refraction are two constants that are used to quantitatively express the optical characteristics of metals.
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Boeing Inc. has criticized The Airbus Company's competitiveness on the grounds that Airbus benefits from:
Select one:
a. Import tariffs protecting Airbus in the European market
b. Import quotas protecting Airbus in the European market
c. Lenient environmental standards of European governments
d. Production subsidies supplied by European governments
The grounds that Airbus benefits from Import tariffs protecting Airbus in the European market. In the aviation industry, Airbus brands are well-known.
They market themselves as a business that provides quality to the client while upholding their key values, including customer attention, integrity, respect, inventiveness, dependability, and teamwork. Four strategic priorities form the foundation of the Airbus Strategy and will help the company fulfil its mission. The geopolitics, sovereignty, resilience, and sustainability are the main strategic concerns market. Leading the way in the design, production, and delivery of aeronautical goods, services, and solutions to clients globally is Airbus. Airbus, the largest aerospace and space business in Europe and a global leader, leads the aviation sector with over 130,000 people.
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Note: For Questions 7-10 below, use this information: The balance sheets at the end of each of the first two years of operations indicate the following:2017 2016Total current assets $600,000 . $560,000Total investments 60,000 40,000Total property, plant, and equipment 900,000 700,000Total current liabilities 125,000 80,000Total long-term liabilities 350,000 250,000Preferred 9% stock, $100 par 100,000 100,000Common stock, $10 par 600,000 600,000Paid-in capital in excess of par--common stock 60,000 60,000Retained earnings 325,000 210,000Based on the above information, if net income is $130,000 and interest expense is $40,000 for 2017, what is the return on common stockholders' equity for 2017 (round to one decimal place)?A. 12.3% B. 17.4% C. 13.0% D. 14.0%
To calculate the return on common stockholders' equity for 2017, we first need to find the common stockholders' equity. We can do this by subtracting the preferred stock and the liabilities from the total assets.
2017 Total assets: $600,000 + $60,000 + $900,000 = $1,560,000
2017 Total liabilities: $125,000 + $350,000 + $100,000 = $575,000
2017 Common stockholders' equity: $1,560,000 - $575,000 = $985,000
Next, we need to calculate the net income available to common stockholders by subtracting the preferred stock dividends and interest expense from the net income.
2017 Net income available to common stockholders: $130,000 - ($9,000 [$100,000 x 0.09]) - $40,000 = $81,000
Now we can calculate the return on common stockholders' equity by dividing the net income available to common stockholders by the common stockholders' equity and multiplying by 100 to get the percentage.
Return on common stockholders' equity = ($81,000 / $985,000) x 100 = 8.22%
So, the return on common stockholders' equity for 2017 is 8.2%.
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lean practices include those which are designed to eliminate waste while still satisfying the customer. examples of lean practices include all of the following:multiple select question.total quality managementservice focus continuous improvement just-in-time manufacturing traditional manufacturing
Lean practices are a collection of strategies and techniques that seek to reduce waste while maintaining customer satisfaction. Lean practices include the following instances:
Total quality management (TQM) is a management strategy that emphasizes customer satisfaction and ongoing development. The service focus is the practice of putting the wants and expectations of the client first.
Continuous improvement is a strategy that fosters finding and fixing process flaws and inefficiencies. The goal of just-in-time (JIT) manufacturing is to make goods such that they can be delivered to the consumer. This decreases waste and the demand for inventory storage.
Traditional manufacturing isn't seen as a lean method because it prioritizes mass production, keeps a lot of inventory, and doesn't focus on continuous improvement or customer happiness.
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Companies like Target and JCPenney sometimes participate in a(n) ____________________ for the retail industry, which acts as a neutral third party and charges a fee for providing a trading forum.
Companies like Target and JCPenney sometimes participate in a(n)independent B2B exchange for the retail industry, which acts as a neutral third party and charges a fee for providing a trading forum
What is independent B2B exchange?an online marketplace run by a third party that accepts buyers and sellers from a specific sector. Members can browse classified ads and request quotes or contacts in a certain industrial sector by signing up on an independent e-marketplace. Private exchanges are run and owned by a single business.The owner only transacts on the exchange with dependable suppliers and clients to exchange data. Buyers may consolidate and control purchasing from preferred suppliers thanks to those exchanges. B2B (business-to-business) is a sort of electronic commerce (e-commerce) that refers to the exchange of goods, services, or information between businesses rather than between businesses and consumers (B2C). A business-to-business transaction takes place between two businesses, such as wholesalers and online retailers.To learn more about B2B exchange refer to:
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the mercantilists contended that because one nation's gains from trade come from the expense of its trading partners, not all nations could simultaneously realize gains from trade. true or false
The aforementioned claim is accurate. The mercantilists argued that not all countries could concurrently benefit from trade because one nation's advantages from trade come at the expense of its trading partners.
The import and export of products and services over international borders is what is referred to as global trade, also known as international trade.
The term "imports" refers to products and services that are brought into a nation for commerce. The term "exports" refers to products and services that are transported outside of one nation for sale in another. A nation may import oil but export wheat because it has a lot of oil but little arable land, for instance.
The idea of comparative advantage, introduced by David Ricardo in the 19th century, is a key idea that underpins international trade. The idea of comparative advantage, in its simplest form, holds that a nation can produce some commodities or services more affordably than other nations. Technically speaking, the nation has a lower opportunity cost than others when producing a particular commodity or service.
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se the data table to answer the question that follows. exports $700 billion imports $300 billion financial capital inflow $200 billion bonds purchased from abroad $600 billion from the data given in the table, which one of the following statements is true?
The country balance of trade is represented by the difference between exports & imports. As the net exports is positive (550-350=200), it represents the trade surplus therefore, option 1 is to be selected.
What is exports and imports?When something is exported, it is something that is delivered from one country to another. Similar to purchasing them from a foreign market and bringing them home, importation refers to the act of bringing goods and services into one's own country. Since it almost never costs money to set up a production facility abroad, this is the simplest way for a company to expand internationally.
A business can export or import in one of two ways:
Direct Exporting/Importing: In Direct Exporting/Importing, a company deals directly with the consumer or supplier of a foreign nation and handles all the formalities, such as the shipment and financing of goods and services.Indirect Exporting/Importing: In this type of trade, middlemen are used by the company to negotiate with the customer or supplier. The suppliers and customers are not dealt with directly by them.Learn more about exports and imports
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Complete question:
Explain in which era of marketing that Awake Chocolate currently resides. Describe some ways in which the
company can move beyond the current stage into the next era of marketing.
Currently, the Holistic Era - The Marketing Era is where Awake Chocolate sits. In the age of marketing, businesses concentrated on creating goods that consumers wanted to purchase.
What are the marketing eras?According to Keith, there have been four different periods in American history where marketing has developed into the significance it holds now within businesses. The production period, the sales era, the marketing era, and the marketing company era are some of these eras.Era of the Marketing Concept: The marketing concept first appeared in the 1950s. Businesses understood that their purpose for existing was to satiate the demands and desires of customers. Selling the products that businesses can make was not the goal of marketing. It involved determining what to make to meet the requirements and desires of consumers.The Production Concept Era : The general belief was that a high-quality product will automatically sell itself. Due of the high demand and constrained supply of the goods during this era, this strategy was successful for many firms.Learn more about marketing eras refer to ;
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the physical properties such as melting point, solubility, or electrical conductivity of solid materials depend on the type of attractive force that holds the particles in the crystal lattice. the strength of these forces varies dramatically from very weak (as with dispersion forces) to very strong (as with ionic and covalent bonds). solids are classified according to the type of forces involved.
The type of attractive force holding the particles in the crystal lattice determines the physical characteristics of solid materials.
These forces have a wide range in strength, with some being very small (like dispersion forces) and others being quite strong (like ionic and covalent bonds).
Solids are divided into many groups depending on the types of forces present, including metallic solids, covalent solids, ionic solids, and molecular solids. Strong metallic bonding is the cause of the high electrical conductivity and melting temperatures of metallic solids, such as metals and alloys.
Strong covalent bonds keep covalent solids like silicon and diamond together, giving them high melting temperatures and poor electrical conductivity.
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Use the graphs above to answer the following questions. A. If the price is $2. Person "A" will purchase Select) B. Assume Persons A, B, and C make up the market for Oranges. If the price is $1 per orange, what is the market quantity demanded?
If the price is $1 per orange, 6 oranges are the market quantity demanded.
The total amount of items bought by the four buyers at the market price during a specific time period is known as the market quantity. Example: Let's say the production cost of the automated seller is 70 for one market and one trading period.
In economics, the word "quantity demanded" refers to the overall amount of an item or service that people require over a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of an item or service.
Quantity supplied in economics refers to the volume of products or services that vendors will make an offer for sale at a specific market price. The amount supplied is different from the amount that is actually provided (i.e., the total supply).
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The market quantity demanded 6 oranges if the price is $1 per orange.
The market quantity is the total number of things purchased by the four purchasers at the market price over a certain time period. Let's use an example where the automated seller's manufacturing costs are 70 for a single market and a single trading period.
The term "quantity requested" in economics refers to the total amount of a good or service that consumers need over a predetermined duration of time. The price of an item or service determines whether a market is in equilibrium or not.
In economics, the term "quantity provided" refers to the quantity of goods or services that sellers will offer for sale at a given market price. The specified quantity is not the same as what is actually offered (i.e., the total supply).
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the arthur andersen auditors did not notice how low enron had fallen in terms of its unethical decisions over a period of time. according to bazerman and chugh, this omission is an example of . multiple choice descriptive ignorance normative myopia change blindness inattentional blindness
The Arthur Andersen auditors did not notice how low Enron had fallen in terms of its unethical decisions over a period of time. According to Bazerman and Chugh, this omission is an example of change blindness. So option c. is correct.
Change blindness is a phenomenon to characterize our inability to recognize visual changes. Even when such differences are dramatic we occasionally fail to see them. This is simply because we are observant of something else or because the transition is too gradual. There are many examples online where you can sample how good you are at noticing things change. When you take this sensation to business it becomes apparent why it is that we frequently fail to see the next big thing or when we neglect out on something that appears so obvious years later.
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What are the arguments for and against such a monopoly? Illustrate your answer with a diagram.
ARGUMENTS FOR MONOPOLY-
1) Pricing stability. There are no price wars to shake markets when there is no competition. Other companies and end-user customers who do business with a monopolistic company may benefit from price certainty.
2)The ability to grow. Monopolies can result in significant economies of scale. A company with a monopoly on a particular type of product may be able to produce large quantities of that product at lower per-unit costs. Depending on the company's ethics, those low prices may be passed on to the consumer.
3) Research and development budgets. A monopoly that is confident in its market position is more likely to invest in research and development. This may result in new.
ARGUMENTS AGAINST MONOPOLY ARE-
1) Prices are significantly higher than in competitive markets. Monopolies face inelastic demand and can raise prices, leaving consumers with no choice. For example, Microsoft had a monopoly on PC software in the 1980s and charged a high price for Microsoft Office.
2) A decrease in the consumer surplus. Consumer prices rise, and fewer people can afford to buy. This causes allocative inefficiency because the price exceeds the marginal cost.
3) Monopolies are less likely to be efficient. A monopoly can profit without much effort if there is no competition, so it can encourage x-inefficiency (organizational slack) and possible diseconomies of scale. Because it is more difficult to coordinate and communicate in a large firm, it may become inefficient.
4) Monopolies frequently have monopsony power in terms of paying a lower price.
what are shares in a company?
Shares represent an ownership of a company. When an individual buys shares in your company, they become one of its owners or part of the company.
What does a company shares means?Shares are equity ownership units in a corporation. Shares exist as a financial asset for some companies, providing for an equal distribution of any residual profits, if any are declared, in the form of dividends. Shareholders of a stock that does not pay dividends are not entitled to a profit distribution.
Instead, they expect to profit from the rise in the stock price as the company's profits rise. Shares represent a company's equity stock, and there are two types of shares: common shares and preferred shares. As a result, the terms "shares" and "stock" are frequently used interchangeably.
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a loss contingency is recognized only if the event that gave rise to it occurred multiple choice question. after the financial statement date. within 60 days of the financial statement date. before the financial statement
The board of directors' weakening of Kalanick's authority. By being adaptable, creative, and quick to respond to changes in the market, this kind of culture tries to create innovative products (new drugs).
Which kind of culture is internal-focused and emphasizes control over flexibility and stability?
Internal stability and control over flexibility are valued in a hierarchy culture. Flexibility is valued and an external focus is present in an adhocracy culture.
Work specialization, also known as division of labor, is the process of assigning distinct parts of a task to different people.
When chiefs and representatives inside a similar division are united in cross practical?
At the point when chiefs and representatives inside a similar division are united in cross-practical groups to take care of specific issues, their organization is utilizing a group based plan. As per Chester I. Barnard, an association is comprised of something like one individual who endeavors day to day to accomplish the association's objectives.
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Suppose that Ivar Jorgenson finds out on December 21 that the long-range weather forecast was revised by the weather service and now more snow than normal is predicted. As a result, the marketing department at Sea & Ski raises its forecast for quarter 1 sales of snowmobiles from 9,000 to 11,000 units. He will now have to develop and analyze several alternative level plans for next year. Keep in mind that each of these plans must consider: • Beginning inventory of 600 skis and 400 snowmobiles. • Ending inventory and back orders for quarter 4 must be zero.• Each plan must have the same level total-output rate each quarter. a. Develop a level plan that uses overtime by regular, full-time employees to meet the new demand conditions (with no additional hiring). Calculate the total annual cost of this plan. b. Develop a second plan that will use regular employees (no overtime) plus subcontracting to meet the new demand conditions (with no additional hiring). Calculate the total annual costs. c. Another possibility would be to hire an additional full-time employee on January 2 and employ him/her for the full year. Calculate the total annual cost.
Explain clearly how to do this problem?
Question A. To develop a level plan that uses overtime by regular, full-time employees to meet the new demand conditions, we will need to consider the following:
The beginning inventory of 600 skis and 400 snowmobiles.The revised forecast for quarter 1 sales of 11,000 units.The total-output rate for each quarter must be the same.PLAN AThe plan for using overtime by regular, full-time employees would involve the following steps:
Notify all regular, full-time employees of the revised forecast and the need for overtime work.Schedule overtime work for the employees in order to meet the revised forecast of 11,000 snowmobiles.Monitor the progress of the overtime work and make adjustments as necessary to ensure that the forecast is met.Ensure that overtime pay and any additional costs associated with overtime are accurately tracked and accounted for in the budget.To calculate the total annual cost of this plan using overtime by regular, full-time employees:
Assume that the overtime pay rate is 1.5 times the regular pay rate.Assume that the regular pay rate is $20/hour.Assume that it takes an average of 10 overtime hours per snowmobile to meet the revised forecast of 11,000 units.Assume that there are 50 regular full-time employees available to work overtime.Hence:
Total overtime pay = (1.5 x $20/hour) x 10 hours x 50 employees = $15,000Additional costs associated with overtime = $5,000 (estimate)Total annual cost = $15,000 + $5,000 = $20,000Question B. To develop a second plan that uses regular employees (no overtime) plus subcontracting to meet the new demand conditions, you will need to consider the following:
The beginning inventory of 600 skis and 400 snowmobiles.The revised forecast for quarter 1 sales of 11,000 units.The total-output rate for each quarter must be the same.PLAN BThe plan for using regular employees and subcontracting would involve the following steps:
Notify all regular, full-time employees of the revised forecast and the need for increased production.Schedule regular employees to work additional hours to produce snowmobiles in order to meet the revised forecast.Identify and contract with a subcontractor who can produce the remaining snowmobiles needed to meet the forecast.Monitor the progress of the regular employees and subcontractor to ensure that the forecast is met.Ensure that all costs associated with regular employee labor and subcontracting are accurately tracked and accounted for in the budget.To calculate the total annual cost of this plan using regular employees and subcontracting:
Assume that the regular pay rate is $20/hour.Assume that it takes an average of 20 hours per snowmobile to produce with regular employees.Assume that there are 50 regular full-time employees available to produce units.Assume that the subcontracting rate is $30/hour.Assume that it takes an average of 10 hours per snowmobile to produce with subcontracting.Hence:
Total regular employee cost = $20/hour x 20 hours x 50 employees = $20,000Total subcontracting cost = $30/hour x 10 hours x (11,000 units - (20hours/unit x 50 employees)) = $165,000Total annual cost = $20,000 + $165,000 = $185,000Question C. Possibility of hiring another full-time employee on January 2 and keeping them on for the entire year.
PLAN CThe plan for hiring an additional full-time employee would involve the following steps:
Identify the need for an additional employee and create a job posting.Recruit, interview and hire an additional full-time employee.Train the new employee on the company's production processes and procedures.Schedule the new employee to work regular hours in order to produce snowmobiles and meet the revised forecast.Monitor the progress of the new employee and make adjustments as necessary to ensure that the forecast is met.Ensure that all costs associated with the new employee's salary and benefits are accurately tracked and accounted for in the budget.To calculate the total annual cost of this plan hiring an additional full-time employee:
Assume that the additional employee will be paid $50,000 per year in salary and benefits.Assume that the additional employee can produce an average of 50 snowmobiles per year.Total salary and benefits cost = $50,000Total additional snowmobiles produced = 50So:
Total additional cost = (11,000 - 50 x 50 employees) - 50 = $30,000Total annual cost = $50,000 + $30,000 = $80,000These calculations are based on the assumptions given and real costs may vary.
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Concerning the foreign exchange market, one can best say that:
a. There is a spot market for virtually every currency in the world
b. The market is highly centralized like the stock exchange
c. Most foreign exchange payments are made with bank notes
d. The values of the forward and spot rates are always in agreement
Concerning the foreign exchange market, one can best say that: (B) The market is highly centralized like the stock exchange.
For the exchange of one country's currency for another country's, there is a foreign exchange market institution. Due to the fact that trading between different currencies, such as the euro and the dollar, each represents a market, forex markets are truly comprised of numerous distinct markets.
A market where purchasers exchange foreign currencies is known as the foreign exchange market. A marketplace for foreign exchange is, to put it simply, a market where the currencies of different nations are purchased and exchanged. A financial platform that enables international trade is the FOREX market.
The Indian foreign exchange market is open and transparent, giving traders full access to the data and information they need to conduct profitable transactions. Trading in open markets gives investors more control over their money.
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Option B is the correct choice.
The greatest thing to say about the foreign exchange market is that the market is highly centralized, similar to the stock exchange.
There is a foreign exchange market institution for exchanging one country's money for another. Forex markets are actually made up of many individual markets since trading between different currencies, such as the euro and the dollar, each constitutes a market.
The foreign exchange market is a place where buyers may exchange foreign currency. Simply described, a foreign exchange market is a venue where other countries' currencies may be bought and sold. The FOREX market is a financial platform that facilitates global commerce.
Traders have complete access to the data and information they need to perform profitable transactions thanks to the openness and transparency of the Indian foreign exchange market. Investors have more control over their money when they trade on open marketplaces.
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which of the following divisions would you continue to run in order to earn profits to invest in other businesses? a. freight forwarding b. cargo inspection c. railroad loading d. shipping
Option c.) railroad loading is the correct answer as, the rail industry is expected to expand rapidly in the next few years. According to Technavio's research analysis, the rail industry is expected to grow by $337 billion between 2020 and 2025 and it would continue to run in order to earn profits to invest in other businesses.
Indian Railways derives its income from two sources. The first is freight transport, where trains carry goods, and the second is passenger trains. Indian Railways derives most of its profits from freight services. New Delhi's Katra Vande Bharat Express Train also has many modern features such as biovacuum toilets, wheelchair parking, disabled toilets and LED lighting. It can carry a large amount of cargo in terms of volume and weight. One rail convoy can carry the equivalent of 80 trucks.
Railroads paved the way for the westward expansion, opened up new economic opportunities, fostered the development of cities and towns, and connected entire nations.
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A plaintiff sued the manufacturer of a slicing machine for negligent design, after the machine cut off the plaintiff's finger. The plaintiff claims that while he was cleaning the machine, two wires came into contact with each other and caused the machine to turn on. At trial, the manufacturer has offered evidence that it was unreasonably expensive to design the machine so that the wires could not come into contact. In rebuttal, the plaintiff offers evidence that after this action was filed, the manufacturer redesigned the machine to prevent the wires from coming into contact.
Is evidence of this change in design admissible?
Yes, as evidence suggests that the machine may have been designed to prevent wire contact.
What is meant by Evidence?anything that can be used to prove or disprove something: The presentation of these figures indicates that the economy is growing. There has been no criminal activity discovered by the FBI. The evidence strongly supports his position. Before making a decision, judges take the facts and the evidence into account.
an item or piece of information that is presented to either make it more or less likely that a fact exists. Examples of evidence include documents, photographs, videos, voice recordings, DNA testing, and other tangible items.
The following is a list of the four kinds of evidence that you should be aware of.
True Evidence Physical evidence that is related to the facts of the case is true evidence.Testimonial Statements Another term for testimonial statements is testimonial hearsay.Documentary Support and Evidence to SupportTo know more about Criminal Activity, visit:
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Context: Lean Six Sigma has emerged as a key to achieving world-class value-added processes. But not everyone has benefited equally from implementing these operating philosophies and their accompanying tool sets.
Discussion: Based on your own personal experience—or on the results of an Internet search—identify a Lean Six Sigma implementation success story.
(Note: if using your own personal experience it must be on a formal lean six sigma implementation in a company where you know or can research the specific events, decisions and investments made by leadership.)
Describe what happened. How did the key decision-makers use process design or Lean Six Sigma tools to achieve success—that is, improve value and decrease costs?
Identify the specific events, decisions, or investments they made in order to leverage operations (or Lean Six Sigma) as a competitive weapon.
Now, based on your own personal experience—or on the results of an Internet search—identify a Lean Six Sigma “horror” story.
Describe what happened. More importantly, describe what went wrong.
Assess how key decision-makers failed to appropriately use process design or Lean Six Sigma tools.
As a consultant to the company, how would you help them “fix” the implementation process to achieve success next time? What specific events, decisions, or investments would you promote to help them leverage operations (or Lean Six Sigma) to improve value and reduce costs?
Organize you post with the following headers:
Keys to a Successful LSS implementation
What not to do when implementing LSS
Correcting the LSS failure with the keys to success
References
A successful Lean Six Sigma implementation story can be found in the case of the US Navy's Naval Air Systems Command (NAVAIR). NAVAIR implemented Lean Six Sigma to improve their processes and reduce costs.
They used process design tools such as value stream mapping and process flow diagrams to identify areas of waste and inefficiency. They also used Lean Six Sigma tools such as DMAIC (Define, Measure, Analyze, Improve, Control) to identify and eliminate sources of variation and defects.
Additionally, they invested in training and certifying their personnel in Lean Six Sigma principles and tools. As a result of their efforts, NAVAIR was able to reduce costs by $1.2 billion and improve customer satisfaction.
Where can the Lean Six Sigma be found?A Lean Six Sigma “horror” story can be found in the case of the US Postal Service. The USPS attempted to implement Lean Six Sigma in order to reduce costs and improve efficiency. However, they failed to properly train their personnel in Lean Six Sigma principles and tools, and they did not invest in the necessary infrastructure to support the implementation. As a result, the implementation was unsuccessful and the USPS was unable to realize any cost savings or efficiency gains.
To correct the failure of the USPS implementation, key decision-makers should invest in training and certifying personnel in Lean Six Sigma principles and tools. Additionally, they should invest in the necessary infrastructure to support the implementation, such as data collection and analysis tools.
Finally, they should use process design tools such as value stream mapping and process flow diagrams to identify areas of waste and inefficiency. By following these steps, the USPS can leverage Lean Six Sigma to improve value and reduce costs.
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The supply concept refers to the relationship between the quantity of products produced and price. If the market price of a product increases, quantity supplied will ____. If the market price of a product decreases, quantity supplied will ______.
If the market price of a product decreases, quantity supplied will increase, and vice versa. According to the law of supply, a higher price causes a higher supply while a lower price causes a lower supply.
Tools used to summarise the link between supply and price include supply curves and supply schedules. Quantity supplied is the precise amount supplied at a specific price, whereas supply is the overall supply curve. Supply, in general, describes all the various characteristics offered at all conceivable price points. Prices typically increase when demand outpaces supply. When demand product is constant, there is an inverse relationship between supply and prices of products and services.
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commissions unit is best described by the following definition: entries in the new lc field and the renew lc field are interpreted as fixed commission rate per square units of measure.
It is assumed that the New LC field and the Renew LC field entries refer to a fixed commission rate per square unit of measurement. [Commission Suggestions] Region and money.
What does a commission actually cost?
When an employee successfully completes a task, usually selling a certain amount of goods or services, they are paid a sales commission. Employers frequently utilise sales commissions as an incentive to increase staff productivity. It is possible to receive a commission in place of or in addition to a salary. a sum or percentage of the total payment that can be given to agents, salespeople, etc.
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to an economist, scarcity means that group of answer choices there are some things on which it is impossible to put a price, such as human life. many goods are worth an infinite amount and, therefore, should be supplied free to everyone. people are generally too poor to afford the goods and services available. the human desire for goods exceeds the amount freely available from nature.
Scarcity is one of the main tenets of economics. It indicates that there is a gap between the supply of an item or service and the demand for it. As a result, customers, who ultimately drive the economy, may have fewer options due to scarcity. 19-May-2022
Economics' understanding of scarcity is based on one of life's most fundamental truths: there are only so many resources in the world, so decisions must be made about how to distribute them. In that sense, every item—even a pack of gum or a book of matches—is scarce because someone used resources—which could have been used elsewhere—to make it.
Some natural resources that initially appear to be unrestricted because of their simplicity and accessibility turn out to be scarce due to abuse in a tragedy of the commons. Because safeguarding clean air and a climate that is conducive to human welfare is so expensive, economists are beginning to see them as scarce goods and may assign a price to them in order to perform a cost-benefit analysis.
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in which of the following type of economies are property rights protected, helping to achieve greater economic growth rates than in other economies where property rights are poorly protected? group of answer choices mixed market free market command
Moreover, free markets are more likely to thrive and thrive in systems where property rights are well protected and capitalists have incentives to make profits.
In a free market, financial markets could evolve to facilitate the financing needs of those who are unable or unwilling to raise money themselves. For example, some individuals or businesses specialize in accumulating savings without constantly underutilizing all of their working capital. Others specialize in using savings for entrepreneurial activities such as starting or expanding a business.I can. For example, a saver can buy a bond and exchange their current savings with the entrepreneur, promising future savings and rewards or interest. In equities, savings are exchanged for titles to future earnings. There is no modern example of a purely free financial market.
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which of the following is the approximate projected rate of change in renewable energy consumption from 2010-2040 ?
To arrive at the number of 2.332.33 quadrillion BTUs per year, the change in predicted renewable consumption (about 7070 quadrillion) was divided by the change in time (3030 years).
What does "renewable" mean exactly?
As a result of being renewable, a resource is considered to have an endless supply. Renewable resources include non-depletable ones like the sun, wind, and geothermal heat. Water is viewed as a renewable natural resource as long as there is precipitation. Renewable energy sources may deliver a consistent stream of clean energy and are never depleted.
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If firms in a competitive industry are earning positive economic profits, in the long run, we expect:
a) the demand curve for the product will shift to the left, so that the price of the product will fall.
b) the supply curve for the product will shift to the right as new firms enter the industry, causing industry output to increase and price to fall.
c) there would be no change in the industry as long as P=MC for the individual firms.
d) the individual firms will lower their price to discourage new firms from entering the industry.
e) the government would intervene and force the firms to lower prices.
If firms in a competitive industry are earning positive economic profits, in the long run, we expect: b) the supply curve for the product will shift to the right as new firms enter the industry, causing industry output to increase and price to fall.
What is supply curve?Supply curve can be defined as the curve that help to show the relationship between the price of goods and services and the amount of goods supplied to the market at a particular period of time.
Positive economic profits, in the long run can tend to cause the supply curve to move or shift to the right .
Therefore the correct option is B.
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which of the following is the most reliable and theoretically sound project valuation technique?
Given that it is the most accurate of all the valuation techniques, Discounted Cycle Analysis (DCF) is also the most conceptually sound.
In a sentence, what does hypothetically mean?The term theoretical is used to indicate that although if something is assumed to be correct or to occur in the manner predicted, it may not actually do so. The price would need to be posted on the shelf, in theory.
What distinguishes theoretically from hypothetically?To talk about what we believe to be true, theoretical is utilized. What we wish to know is discussed using hypothetical language. When we expand on what we already know, we use theory. Hypothetically refers to what we assume or refuse to acknowledge.
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which of these statements explains the access online students have to learning resources? multiple choice question. they use a completely different set of resources than traditional students. they can access written materials online, but they must still appear in person at the college for discussions. they are required to find their own resources beca
They can access written materials online,but they still need to.They use the same resources as other students,but they may have to access it.
Always start your email with a polite Dear or Hello followed by your professor's name/title Dr. XYZ, Professor XYZ,etc.If you're not sure what your correct title is,using "Professor" followed by your last name is almost always a safe bet. educational records. Be professional and respectful. Respond promptly and appropriately.The most common greeting used in formal and informal business letters is Dear.In formal settings, the greeting should always be direct,brief, and professional. Formal greetings typically include Dear,the recipient's title,and the recipient's last name. One in which the members of the organization constantly learn from everything they do.Learning is a process of continuous adaptation to the environment and the assimilation and adaptation of new information and knowledge to fit with pre-existing knowledge structures.
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TRUE OR FALSE if divisional operating income is $75,000, invested assets are $637,500, and the minimum rate of return on the invested assets is 6%, the residual income calculated would be $36,750.
The given statement is 'true'.
Explanation:
Residual income = operating income - (invested assets*minimum rate of return)
= 75,000 - (637,500*6%)
= $36,750
What is Residual income?
The money an individual or corporation has left over after covering all costs is known as residual income. Any money left over after a person pays for housing, food, and other expenses as well as any debts is known as personal residual income. The capital left over after a corporation pays all of its debts, including the price of raw materials and utilities, is referred to as residual income. It denotes and serves to gauge the effectiveness of a company, a division within it, or even specific expenditures that the company has undertaken.
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