Answer:
1. C
2. A
3. C
4. A
5. C
6. B
7. B and C
8. C
9. A and B
10. B
Explanation:
A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;
- <em>A total quality management (TQM) is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.</em>
- <em>Just-in-time (JIT) is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.</em>
- <em>A continuous improvement (CI) is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.</em>
1. Total quality management (TQM): Courteous employees
2. Just-in-time (JIT): Food produced to order
3. Total quality management (TQM): Clean tables and floors
4. Just-in-time (JIT): Orders filled within three minutes
5. Total quality management (TQM): Standardized food making processes
6. Continuous improvement (CI): New product development
7. Total quality management (TQM) and Continuous improvement (CI): Customer satisfaction surveys
8. Total quality management (TQM): Standardized menus from location to location.
9. Continuous improvement (CI) and Just-in-time (JIT): Drive-through windows.
10. Continuous improvement (CI): Continually changing menus.
Answer:
False
Explanation:
An increase in appraisal costs will probably lead to a decrease in internal failure costs and an increase in external failure costs is a false statement as costs associated with measuring, evaluating or auditing products or services to assure great quality is the appraisal costs.
Internal Failure Costs: Costs emanating of products or services not corresponding to demands or consumer/user requirements. You would willingly have this outside of the failure costs
External Failure Costs: Costs occurring from products or services not adhering to demands or consumer/user requirements AFTER shipment or consignment of the goods.
Answer:
$1.90 per share
Explanation:
The computation of the earning per share is shown below:
Earning per share = (Net income - preference dividend) ÷ (weighted-average of shares of common stock)
= ($380,000 - $0) ÷ (200,000 shares)
= $1.90 per share
By dividing the net income with the weighted average number of shares of common stock we can get the earning per share
Answer:
a. 20.00%
Explanation:
Monthly loan payment
= (685000*10%*8/12 + 685000)/8
= $91,333.33
PV = -685000
Nper = 8
Using RATE function
= RATE(8,91333.33,-685000,0)*12
= 20%
Therefore, The loan's annual percentage rate (APR) is 20%.
<span>A craft union is a union in which all of it's workers do the same type of work. They also use very unique and specialized skills and training. This is best for people is have a particular craft or skill they are great at.</span>
