What is the starting point for total quality management
Answer:
The correct answer is: customer focus.
Explanation:
Customer focus is the milestone of quality management. It is the degree in which a firm satisfies the customers' needs and expectations on a regular basis. Customer focus measures the success of a company on giving its target clientele the product or service they request according to what the customers demand from it.
Jill has an escalator clause in her labor contract that gives her a raise equal to the change in the consumer price index (cpi). last year she earned $40,000 and the cpi was 100. if the cpi this year is 110, her new salary is:
Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering business. her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. refer to scenario 13-9. ellie's annual economic costs will equal
Ellie's annual economic costs amount to $135,700, which includes both explicit costs of $55,200 and implicit costs of $80,500. Therefore, the correct answer to the question is option d) $135,700.
To calculate Ellie's annual economic costs, we need to consider both explicit and implicit costs.
Explicit costs include:
Office rent: $15,000Equipment rental: $3,000Supplies: $1,000Utilities: $1,200Secretary/bookkeeper salary: $35,000So, total explicit costs = $55,200.
Implicit costs include:
Foregone salary from her previous job: $80,000Foregone interest from the certificate of deposit: $500So, total implicit costs = $80,500.
Ellie's annual economic costs = Total explicit costs + Total implicit costs = $55,200 + $80,500 = $135,700.
Therefore, the correct answer is d) $135,700.
The complete question is:
scenario 13-9.
Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering business. her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500.
refer to scenario 13-9.
ellie's annual economic costs will equal
a) $55,200
b) $75,200
c) $80,500
d) $135,700
Which of michael porter's four competitive strategies is autozone trying to follow? discuss?
A research study uses a single sample of participants to evaluate the effect of a treatment. the results of the hypothesis test are reported as follows: t(14) = 2.73, p < .05. based on this report, what was the statistical decision?
Based on this report, there were 15 individuals in the sample. The explanation for this is shown as
Using the formula df = n – 1, and n = df + 1, substituting the values given in the problem to the formula, we get n = 14 + 1. Therefore, n is equal to 15.
Windows ____ is microsoft's fastest, most efficient operating system to date, offering quicker application start up, built-in diagnostics, automatic recovery, improved security, and enhanced searching and organizing capabilities.
Windows 10 offers cut-off date support, the most powerful ye t intuitive security system to date, and most of all a balanced interface which is equally friendly to desktop and laptops as well as tablets and touch devices.
Laelle chocolates inc. is a confectionery company that manufactures candies. it does not use specific strategies to target children while marketing its products. instead, it uses the same strategies to promote its candies among all consumers in the market. this is an example of a(n) _____. question 15 options: multisegment targeting strategy individual targeting strategy undifferentiated targeting strategy concentrated targeting strategy
Q 7.24: companies that report inappropriate current assets as cash and cash equivalents may appear to be
The two general approaches to negotiation are ________ bargaining and ________ bargaining.
The two general approaches to negotiation are integrative bargaining and distributive bargaining.
What is bargaining?A type of negotiation known as bargaining or haggling in the social sciences occurs when a buyer and a seller of a good or service argue over the cost or particulars of a transaction. The deal is finalized if the negotiations result in an agreement on the terms.
A method of negotiation in which the parties work together to resolve their conflict in a way that benefits both of them. This tactic focuses on creating agreements that are advantageous to both parties and are based on their respective interests.
Every employee has a voice and a chance to address the issues that matter most to them during negotiations. But it's not just the workers' opinions that are heard; employers have an opportunity to express their concerns and come to a mutually beneficial conclusion.
Therefore, Negotiations are integrative bargaining and distributive bargaining.
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Suppose you were to collect data for each pair of variables. you want to make a scatterplot. which variable would you use as the explanatory variable and which as the response variable
Final answer:
In creating scatterplots, the independent or explanatory variable is plotted on the x-axis, while the dependent or response variable is plotted on the y-axis. The independent variable influences the dependent variable, which is reflected in how data is visualized on the scatterplot.
Explanation:
When creating a scatterplot, you'll want to distinguish between the two types of variables: the explanatory variable and the response variable. The explanatory variable, also known as the independent variable, is the one you suspect might be causing changes or influencing the other variable. It is usually plotted on the horizontal axis (x-axis) in a scatterplot.
Whereas, the response variable, or dependent variable, changes in response to the explanatory variable and is plotted on the vertical axis (y-axis). A classic example involves time as an independent variable and distance as a dependent variable. In an experiment to measure the distance traveled by a car over time, time would be plotted on the x-axis because it is the independent variable that you control, and distance would be plotted on the y-axis as it is the outcome you are observing.
While placing his order, a customer tells the waiter to avoid bell peppers of any kind or color in the food since he is allergic to the vegetable. in spite of informing the server of his choice, a slice of bell pepper sits right on top of the dish he ordered. in addition to a service breakdown, this could lead to:?
An allergic reaction should not be treated lightly because this can actually result in death of the victim. So in this casem this could actually lead to serious illness or death of the customer. Which adds a very huge liability for the restaurant or organization.
Benjamin co. has three products a, b, and c, and its fixed costs are $67,200. the sales mix for its products are 3 units of a, 4 units of b, and 1 unit of
c. information about the three products follows: a b c projected sales in dollars $192,000 $192,000 $64,000 selling price per unit $55.00 $30.50 $32.00 contribution margin ratio 30% 25% 50% (a) calculate the company's break-even point in composite units and sales dollars. (b) calculate the number of units of each individual product to be sold at the break-even point.
The minimum price that most consumers would pay for a given product is known as the ________ price.
The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. how much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus?
Given that: F (Future worth) = $2,500, i (nominal interest rate) = 0.12, compounded monthly = 12 months, years of investment = 1 year, and no. of employees = 20. Compute using the annuity formula: A=Fi/(((1+i)^n)-1). Calculating i = 0.12/12 = 0.01, since it is compounded monthly. Calculating n (total number of compounding) = 1 x 12 = 12, since year of investment is equal to 1. Substituting F=2500, i=0.01 and n=12 to the annuity formula, you will get A=$197.12. Multiply by 20, you will get $3,942.44.
To calculate how much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, the future value formula is used. The payment would be approximately $207.57 per month.
Explanation:To calculate how much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, we need to use the future value formula. The formula is:
Future Value = Payment x [(1 + Interest rate/compounding periods)^(compounding periods x years)]
In this case, the future value we want to achieve is $2,500 for each employee, and we want to deposit each month for a year.
Substituting the values into the formula, we get:
2500 = Payment x [(1 + 0.12/12)^(12 x 1)]
Simplifying the equation gives us:
Payment = 2500 / [(1.01)^12]
Using a calculator, we can calculate:
Payment ≈ $207.57
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What is the most important factor determining bankruptcy, according to the altman z-score model?
The Altman Z-Score model determines bankruptcy based on a company's financial ratios like Working Capital/Total Assets and Retained Earnings/Total Assets.
The most important factor determining bankruptcy, according to the Altman Z-Score model, is the company's financial condition as indicated by various financial ratios.One of the key ratios used in the Altman Z-Score model is the Working Capital / Total Assets ratio, which reflects a company's ability to cover short-term obligations with its assets.Another crucial ratio is the Retained Earnings / Total Assets ratio, indicating the proportion of assets financed through earnings rather than debt, influencing the company's risk of bankruptcy.sam uses public transport to commute to work. however, he has always wanted to own a car and believes commuting by car will save time. this scenario exemplifies sam's _____.
Volumetric thirst is associated with _____ while osmometric thirst is associated with _____.
Final answer:
Volumetric thirst is triggered by a decrease in blood volume, prompting mechanisms to increase blood pressure and water intake, while osmometric thirst results from an increase in blood osmolality, leading to thirst sensation and water conservation efforts through hormonal responses.
Explanation:
The question pertains to the mechanisms of thirst, specifically volumetric thirst and osmometric thirst. Volumetric thirst is associated with a decrease in blood volume, which can result from water loss through respiration, evaporation, or urination. In response, the body may increase blood pressure via vasoconstriction and promote water consumption. On the other hand, osmometric thirst is associated with an increase in blood osmolality, mainly due to a high concentration of solutes in the blood. This condition triggers osmoreceptors in the hypothalamus, leading to the sensation of thirst and the release of antidiuretic hormone (ADH) to conserve water. Both mechanisms are crucial for maintaining homeostasis, ensuring that both volume and osmolarity of the body fluids are preserved within their optimal ranges. The thirst response is a complex interplay of hormonal and neuronal responses that maintain fluid balance, particularly important in dehydration scenarios or fluid loss.
We have an intuitive appreciation for those who are able to earn a profit. We can see that resources flow to those who successfully coordinate inputs and serve customers. For this written assignment you are to examine the other side—the side of losses. The market system is a system of both profit and loss. Why is loss essential to the market process? What function does loss have? What role does it play? What is the downside if we used government to shield companies from incurring losses? Explain.
Warren brought his television in for repairs. after warren left the store, gunmen came in to rob the proprietor. as they ran out, warren's television was knocked over and destroyed. warren demanded that the proprietor of the store compensate him for the fair market value of the television. the bailee:
In the given case, Warren demanded that the proprietor of the store compensate him for the fair market value of the television. The bailee is not liable, since the damage was caused by the act of a third party.
What is he bailee?A bailee is someone who receives property from the owner (known as a bailor) and holds it for the owner for a specific purpose, such as custody or repair.
The bailee, also known as a custodian, is entrusted with possession of the good or property by another person known as the bailor. This legal relationship, known as a bailment, is based on a contractual agreement between the bailor and the bailee.
Therefore, In the given case, Warren demanded that the store's owner compensate him for the television's fair market value. Because the damage was caused by the act of a third party, the bailee is not liable.
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Excise taxes are collected by which levels of government? i. Local government ii. State government iii. Federal government
d. ii State government and iii Federal government only
Emma promises to pay greta $400 because "she does not have as much money as other people." emma's promise is not enforceable because: greta has not given consideration in return. emma could have paid more. society does not want gifts cheapened by making them legally enforceable. the redistribution of wealth on a one-to-one basis is not a valid social goal.
What are the types of entities you might find in the electra bike manufacturing/production database management system?
The types of entities you might find in the electra bike manufacturing or production data base management system are the following;
- Inventory
- Materials
- Distribution
- Supplier
These are the entities that you can usually find in database management system
As a member of a typical of traditional work group, joshua should expect to be responsible for:
Preferred stock of leaping dolphin inc. pays 8% on the $100 par value. what is the value of the stock if the appropriate discount rate is 6%?
Calculate the value of the stock:
The dividend on preferred stock is received constantly for perpetuity. So, the value of preferred stock can be calculated by dividing the dividend with the required rate of return. If the dividend rate is 8% on par value of $ 100 and required rate is 6% the value of preferred stock will be P = (100x0.08)/0.06 = 8/0/06 = 133.3333333
Jimmy invests 4000 in an account that pays 5 annual interest compounded semiannually what is his balance, to the nearest cent, at the end of 10 years
To calculate the balance at the end of 10 years with compound interest, we use the formula A = P(1 + r/n)^(nt). P is the principal amount, r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years. In this case, the principal amount is $4000, the interest rate is 5%, and the interest is compounded semiannually (twice a year). Plugging the values into the formula gives the balance to the nearest cent.
Explanation:To calculate the balance at the end of 10 years, we need to use the compound interest formula. The formula is A = P(1 + r/n)^(nt), where A is the future balance, P is the principal amount, r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years. In this case, the principal amount is $4000, the interest rate is 5%, and the interest is compounded semiannually (twice a year).
Plugging the values into the formula, we get A = $4000(1 + 0.05/2)^(2*10).
Calculating this expression gives us A = $4000(1.025)^20. Evaluating this expression gives the balance to the nearest cent.
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Carlos is a salesperson for an industrial equipment company. carlos calls on manufacturers and spends most of his time talking with system operators who work on the factory floor. while carlos is able to get the operators interested in his products, he is often unable to make a sale. carlos needs to:
What Carlos should do in order to make a sale with his products is to be able to determine the purchase decisions and their influencers for him to be able to make a sale with the products that he sells to his consumers.
Whatever the quality improvement approach, what key concept(s) is/are common between each approach?
The common key concepts that are common to the quality improvement approach are the following;
- Usage of QI tools, this is used for mapping, analyzing and collecting data.
- Outcomes and measuring are also used.
- Lastly, application of statistical process control
An audit client failed to maintain copies of its procedures manuals and organizational flowcharts. what should the auditor do in an audit of financial statements?
a. document the auditor's understanding of internal controls.
b. restrict the auditor's responsibility to assess the effectiveness of controls in the audit engagement letter.
c. assess control risk at the maximum level.
d. issue a qualified opinion on the basis of a scope limitation.
Bob says he has achieved his "dream job." as an engineer for a major defense systems company, he is responsible for using sophisticated airplane and weaponry equipment that creates the exact conditions that a professional may experience if he/she uses the equipment in a real-life situation. he spends several hours each day performing __________.
When tamara is alone with michael, she tells him, "i care about your success as a sales associate and believe that the way you interact with clients is hurting your results." tamara's criticism could be more constructive if she remembered to?
Tamara’s criticism could be more constructive is Tamara will remember and take note of requesting or having to tell him regarding about the changes that he may apply or develop with his behavior in the upcoming task or in the future.
Tamara's criticism can be more constructive by using a positive and supportive tone, giving specific suggestions, and following the principles of effective interpersonal communication.
To make Tamara's criticism more constructive, she should utilize a more positive and supportive tone, adding specific examples and suggestions on improving client interactions.
This practice falls under the principle of effective interpersonal communication, where feedback should be actionable and encouraging, rather than simply pointing out negative aspects.
In the case of James and Maria's performance appraisal, my advice would be to maintain honesty and integrity in the appraisal process. While understanding the personal circumstances of an employee, such as financial difficulties, it is critical for James to provide accurate and fair feedback based on Maria's performance.