please help need new answer
1-What is meant by ‘Cost of quality’?
Answers
The term "Cost of Quality" refers to the total costs incurred by an organization to prevent, detect, and rectify defects or non-conformities in its products or services. It encompasses both the costs of achieving good quality and the costs resulting from poor quality.
The Cost of Quality is a concept that highlights the financial impact of quality-related activities in an organization. It encompasses two major categories: the cost of achieving good quality, also known as "prevention costs," and the cost of poor quality, which includes "appraisal costs" and "failure costs."
Prevention costs are incurred to prevent defects or errors from occurring in the first place. These costs include activities such as quality planning, employee training, process improvement initiatives, and implementing quality management systems. By investing in prevention, organizations aim to reduce the likelihood of defects and improve overall quality.
Appraisal costs are associated with evaluating and assessing the quality of products or services. They include activities such as inspections, testing, quality audits, and customer surveys. These costs are incurred to identify any deviations from desired quality standards.
Failure costs arise when defects or non-conformities occur and are not detected or addressed before reaching customers. Failure costs can be categorized into two subtypes: internal failure costs, which are incurred before delivery to the customer (e.g., rework, scrap, and retesting), and external failure costs, which occur after delivery and include customer complaints, product returns, warranty claims, and potential damage to the organization's reputation.
By understanding and analyzing the cost of quality, organizations can identify areas for improvement, allocate resources effectively, and make informed decisions to enhance overall quality performance and reduce unnecessary expenditures.
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Related Questions
Where do you report a stolen credit card to efta standards or pci standards
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A merchant's PCI DSS compliance can be confirmed using the PCI Report on Compliance. The PCI DSS's standards and procedures were created to increase the security of credit card-based transactions and safeguard cardholder data from fraud and other unauthorized uses of their personal data.
To protect cardholders' private information and boost the security of transactions involving credit, debit, and cash cards, the Payment credit card Industry Data Security Standard (PCI DSS) is a well-known set of rules. PCI Compliance is NOT a one-time project but an ongoing practise. Merchants (the Business Owner) are in charge of overseeing the finances of their company's activities.
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Has anyone ever had the thought of wanting more friends but you are so weary of the people around you that you are not sure? I am not petty but if your nothing but drama please unfriend me.
Answers
Answer:
I wanna be friends!
Explanation:
I like Anime
Answer:
I have
Explanation:
what is my profit margin ratio if my net income is $294 and my net sales is $3800
Answers
Answer:
Explanation: Net Sales = $3800
Net income= $294
Profit margin ratio= Net income/Net sales x 100
=$294/$3800 x 100
=7.73%
Will the grading period effect what college you will go to later on?
A (True)
B (False)
Answers
Answer: A
Explanation:
Answer:
NO
Explanation:
the shape of the product life cycle for the natural and organic confectionary product category indicates a short introductory stage, relatively quick growth stage, and a projected lengthy maturity stage. given this information, justin’s knows it must lock in distribution quickly since competitors will likely be following quickly. what type of products are natural and organic confectionaries?
Answers
Answer:
low-learning products
Problem 22-02 An investment costs $20,132 and will generate cash flow of $4,000 annually for seven years. The firm's cost of capital is 14 percent. Use Appendix D to answer the questions. a. What is the investment's internal rate of return? Round your answer to the nearest whole number. _____% Based on the internal rate of return, should the firm make the investment? The investment -Select- mase.
b. What is the investment's net present value? Use a minus sign to enter a negative value, if any. Round your answer to the nearest dollar. $____. Based on the net present value, should the firm make the investment? The investment -Select- made. c. Do the net present value and the internal rate of return suggest the same courses of action? The net present value and the internal rate of return suggest -Select- courses of action. Dropdowns:
a:Based on the internal rate of return, should the firm make the investment?
The investment [should be, should not be]
bBased on the internal rate of return, should the firm make the investment?
The investment [should be, should not be]
cDo the net present value and the internal rate of return suggest the same courses of action?
The net present value and the internal rate of return suggest [the same, different] courses of action.
Answers
The internal rate of return is 21% and the net present value is positive.
a) Calculation of internal rate of return
The Internal rate of return is that rate at which the net present value of an investment equals zero.
Therefore, we need to find out the rate that makes the net present value of the investment to be zero.
Negative outflow (investment) = $20,132
Positive inflow (Cash flows for seven years) = $4,000 * 7= $28,000
Now, use the financial calculator or the Appendix D table to calculate the Internal Rate of Return.
Using Appendix D table; we will find the factor for n = 7 and rate = 14%, which is 4.8519.
The present value factor for $1 annuity for 7 periods at 14% is 4.4864
Therefore, PV factor = $28,000 x 4.4864 = $125,910.60
Now, we can use the formula:
Present value = Negative outflow + PV factor x (Positive inflow/annuity)
Where, PV = $0
The formula now becomes;0 = -20132 + 125910.60 x (4000/I)
We then solve the equation for I (Internal rate of return), as follows:
I = 21%
Therefore, the Internal Rate of Return is 21% (approx).
b) Calculation of net present value
NPV = Present Value of all cash flows - Initial Investment
NPV = ($4,000 ÷ 0.14) x [1 - 1 ÷ (1+0.14) ^ 7] - $20,132
NPV = $7,789.20
Since the NPV is positive, the firm should make the investment.
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characteristics of the local economy
Answers
Answer:
private ownership, freedom of choice,self-interest,optimized buying and selling platforms,competition and limited government intervention.
Explanation:
competition drives the market economy as it optimizes efficiency and innovation
A dometic firm may decide to contract for the production of its goods by established foreign manufacturer. Such pricate-label manufacturing by a foreign company is called
Answers
Answer:
Contract manufacturing.
Explanation:
A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.
Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.
This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.
Citrus scents produces body sprays. variable selling and administrative expense is $1.05 per bottle and fixed selling and administrative expense is $4,500 per month. the company produced 1,490 bottles this month, and sold 1,203 of those bottles. total selling and administrative expense for the month was
Answers
Only the variable cost to produce is taken into account as a product cost under the variable costing method. Period costs will be applied to all other expenses.
What costs are included in variable costing as product costs?product costs that are included in variable costing only include variable manufacturing costs. Fixed manufacturing overhead is included in absorbtion costing as a product cost. Fixed manufacturing overhead is accounted for as a period cost in variable costing.
What is an income statement with variable costs?A financial report known as a variable costing income statement is one in which a contribution margin is calculated by deducting variable expenses from revenue. When a product's sales exceed its variable costs, the incremental profit earned is known as the contribution margin.
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Full Question = Citrus Girl Company (CGC) purchases quality citrus produce from local growers and sells the produce via the Internet across the United States. To keep costs down, CGC maintains a warehouse, but no showroom or retail sales outlets. CGC has the following information for the second quarter of the year:
1. Expected monthly sales for April, May, June, and July are $280,000, $250,000, $370,000, and $150,000, respectively.
2. Cost of goods sold is 30 percent of expected sales.
3. CGC's desired ending inventory is 25 percent of the following month's cost of goods sold.
4. Monthly operating expenses are estimated to be:
Salaries: $36,000
. Delivery expense: 5 percent of monthly sales
Rent expense on the warehouse: $7,500 Utilities: $1,500
Insurance: $150
Other expenses: $250.
Required:
1. Compute the budgeted cost of purchases for each month in the second quarter.
April
May
June
Total cost of budgeted purchases
2. Complete the budgeted income statement for each month in the second quarter.
how many tines in earth does the sun intersect equartor
Answers
Answer:
два
Explanation:
what best describes the lack of credibility in arab journalism is
Answers
The lack of credibility in Arab journalism can primarily be attributed to factors such as media censorship, lack of journalistic integrity, and the influence of political and economic powers.
Media censorship, often imposed by governments or powerful entities, restricts the flow of accurate and unbiased information. This suppression of free speech hinders the development of independent and reliable journalism, thus affecting the credibility of Arab media outlets. Journalistic integrity is crucial for maintaining credibility in the media landscape. Unfortunately, some Arab journalists may compromise their objectivity and ethical standards due to various reasons, such as personal bias, financial incentives, or pressure from higher authorities. This breach of journalistic values diminishes the trustworthiness of their work and the media organization as a whole.
Moreover, the influence of political and economic powers on Arab journalism further undermines its credibility. Powerful entities often manipulate the media to serve their interests, promoting their agendas or suppressing opposing views. This manipulation of information erodes public trust and confidence in the media, as it becomes difficult to distinguish between fact and propaganda. In conclusion, the lack of credibility in Arab journalism is best described by a combination of media censorship, compromised journalistic integrity, and the influence of political and economic powers. Addressing these issues is essential for fostering a more reliable and credible media environment in the Arab world.
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please help me with this account question I'm tryna make entries
Answers
Answer:
451
Explanation:
430+21
1234567890101112131415
Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges
Answers
Answer:
1,2 & 5
Explanation:
Answer:
1, 2, 5
Explanation:
edge 2021
Why is it important to invest for your retirement? please explain :p
Answers
Management, can anyone help me?
Answers
I think it is C I looked up some stuff and they all add up to C
Yield management pricing is ______. Multiple choice question. setting a price a few cents or a few dollars below an even number to increase demand setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it a complex approach that continually matches demand and supply to customize the price for a service estimating the price a consumer would pay for a product, and working backward with anticipated markups to set the price for wholesalers
Answers
Answer:
a complex approach that continually matches demand and supply to customize the price for a service.
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
One of the importance associated with the pricing of products is that, it improves the image of a business firm.
Yield management pricing is a complex approach that continually matches demand and supply to customize the price for a service. It is commonly used by businesses that are typically involved in tourism, hospitality, and airline services.
Trisha is a single, 35-year-old professional who bought shares for $3,000 in a start-up company. She did that because
she knows the potential benefits and can tolerate the potential disadvantages of that investment
she knows moderate investing guarantees higher returns in the short-term
she knows new companies have government protections against losses
she wants to choose a less risky option at her current situation
Answers
Answer:
she knows the potential benefits and can tolerate the potential disadvantages of that investment
Explanation:
Generally buying stocks in a start-up is extremely risky, but can also be extremely profitable. Since Trisha is young and should be earning a medium to high salary, she can afford losing her investment. The risk is huge, but some can tolerate that risk, e.g. imagine a person who bought $3,000 of Amazon's stock 20 years ago is probably made more than a million by now.
Mackenzie is working on the yearly budget for her gift shop. She is very nervous because some months have been busier than others. She has also had some expenses that she wasn’t expecting but she hopes that the profits from some of the bigger sales she made will offset that. To her surprise, once she completes her budget, Mackenzie realized that her revenues and expenses for her gift shop were equal. Which term BEST describes Mackenzie’s budget?
0 deficit budget
0 balanced budget
0 depreciation
0perishability
Answers
If to her surprise, once she completes her budget, Mackenzie realized that her revenues and expenses for her gift shop were equal. The term BEST describes Mackenzie’s budget is: B. balanced budget.
What is balanced budget?A balanced budget can be defined as the type of budget in which both the revenue and expenses are equal which implies that their no either budget surplus or budget deficit.
A budget can be said to be surplus budget when the revenue is higher or greater that the expenditure and as well a budget can be classified as deficit budget when the expenditure or total amount spent is higher than the revenue.
This scenario best illustrate balanced budget based on the fact that we were told she realized that the revenues and expenses were equal.
Therefore we can conclude that the correct option is B.
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Kadje Limited had a staff complement of 1,875 on January 1, 2019. As a result of recession, 900 staff left during the year which is 525 more than expected. The excess was replaced immediately by the HR department. Calculate the labour turnover rate. Select one: O a. 31% O b. 28% O c. 15% O d. 58%
Answers
The labor turnover rate is 53.33% (approx) if 900 staff left during the year which is 525 more than expected.
Option D is correct.
Kadje Limited had a staff complement of 1,875 on January 1, 2019. As a result of recession, 900 staff left during the year which is 525 more than expected. The excess was replaced immediately by the HR department.
Labour turnover rate refers to the ratio between the number of employees who left the organization to the average number of employees in the organization during a specific period. It is calculated as follows:
Labor turnover rate = (Number of staff leaving/Average number of staff employed) × 100
Where average number of staff employed = (Opening staff number + closing staff number)/2
Opening staff number = 1,875
Closing staff number = (Opening staff number - number of staff left + excess replaced)
Closing staff number = 1,875 - 900 + 525 = 1,500
Therefore, Average number of staff employed = (1,875 + 1,500)/2 = 1,687.5
Now, number of staff leaving = 900
And, Number of staff leaving - Expected staff leaving = 525
Therefore, Expected staff leaving = 900 - 525 = 375
Now, we will use the above information in the labor turnover rate formula:
Labour turnover rate = (Number of staff leaving/Average number of staff employed) × 100
= (900/1687.5) × 100
= 53.33%
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If the first 5 students expect to get the Final Average of 95, what would their Final Tests need to be?? Please let me know how to get the final scores.
Answers
Answer:
475
Explanation:
An average value is the sum of all initial values divided by the number of values used.
i.e Av = \(\frac{sum of values}{number of values}\)
Since the 5 students are expecting final average of 95, then their final test score can be determined by;
number of values used = 5, and the average = 95
So that;
95 = \(\frac{sum of values}{5}\)
⇒ sum of values = 95 × 5
= 475
sum of values = 475
The first 5 students' final test score = sum of values = 475.
Their final test score need to be 475.
What organizational practices (i.e., detailed actions
organisations take) are being used to address discrimination within
recruitment in organisations in Australia?
Analyse the weaknesses and strength
Answers
The organizational practices that are being used to address discrimination within recruitment in organizations in Australia are as followed:
1. Plan your approach to ensure you comply with your obligations to prevent discrimination in recruitment processes
2. Educate others involved in the recruitment process about their obligations
3. Cast the net as widely as possible to attract a diverse pool of applicants
4. Be consistent and fair in the way you treat candidates
5. Accommodate people who require adjustments
6. Do not seek irrelevant personal information from applicants
7. Focus on the essential requirements of the job
8. Set aside personal bias, myths and stereotypes
9. Keep records of your decisions
10. Select the person best suited to the job.
What is workplace discrimination?
Generally speaking, employment discrimination occurs when a company treats a candidate or employee unfairly because to that person's race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Race, Color, and Sex are the three main categories of employment discrimination.
Direct, indirect, verbal, physical, and sexual harassment are the four basic forms of discrimination.
Race and national origin are currently the two most common categories of job discrimination. When individuals of one nationality start a firm and exclusively hire individuals of the same nationality, this is referred to as discrimination based on national origin.
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If washburn guitars were to lower the price of the maya pro dd75 to $2,499 from $2,699, sales of the guitar would increase 30 percent. This illustrates.
Answers
The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the product has an elastic demand.
What do you mean by elastic demand?When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.
Thus, The Washburn guitars reduces their price from $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the product has an elastic demand.
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The manager of a bank branch is concerned about the number of mistakes the tellers were making, so he started manipulating different aspects of the environment in the bank to see what effect each has on the tellers' performance. He examined factors such as the lighting, temperature, and the volume of the music playing in the bank. Which approach to problem recognition is this manager using
Answers
Answer: Human factor research
Explanation:
From the question, we are informed that a manager of a bank branch is concerned about the number of mistakes the tellers were making, so he started manipulating different aspects of the environment in the bank to see what effect each has on the tellers' performance.
We are further told that he examined factors such as the lighting, temperature, and the volume of the music playing in the bank.
He's using the human factor research approach. Here, the capabilities of human beings are determined through strength, vision, flexibility etc.
Firms position their products based on methods such as ______. Multiple choice question. product, price, place, and promotion demographics, geodemographics, psychographics, and benefits
Answers
There are ways to market a product. Firms position their products based on methods such as the value proposition, salient attributes, symbols, and competition.
What are the types of product positioning?The major positioning types include:
The positioning by product attribute.The positioning by user.The positioning by product class, etc.Product positioning is known to be a kind of strategic work that helps one to know where your product or service does fits into in a marketplace and also why it is preferable than other alternative.
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how much money does a therapyst make an hour/ and how much would they make in a year
Answers
a year = the median annual salary for clinical, counseling, and school psychologists was $85,340 per year, according to the Bureau of Labor Statistics. The lowest 10 percent of workers earned less than $44,040, and the highest 10 percent earned more than $129,310.
Answer:
Explanation:they make 1,000 dollars per hour. I don’t know how much in a year.
A(n) ____________________ account is used to record increases in owner's equity from the sale of goods or services.
Answers
Answer:
A trading profit and loss account
Imagine your class has been asked to organize a career fair for your school. Now that you know about all the career clusters, you want to be sure to include each one in the career fair,
Working in small groups, imagine your class has been asked to organize a career fair for your school. Now that you know
Brainstorm how you would begin to organize this career fair. What would you need to do? What information would you
need to have? What permissions would you need to secure? Where will this be held?
Describe your plan below in detail.
Answers
Answer: Organizing a career fair requires knowledge of a variety of career clusters. Here are certain ideas you can use while organizing a career fair:-
After dividing the class into smaller groups assign each group a particular career path on which they can prepare a presentation.Prepare an itinerary for the presentations and assign each group a particular time slot.These itineraries can be distributed as pamphlets to the target audience.Each group can make an effort to invite certain professionals or experts from the field for the occasion.Permission from the School Council and higher authorities might be required for the use of school grounds and auditoriums.Each group must have a leader for the coordination of the activities.The leaders must work together as a team and keep each other updated about the progress of their individual groups.Firefighter applicants must take three tests: a written test, an aptitude test, and a grueling physical fitness test.
o true
o false
Answers
The statement is true because firefighter applicants are required to take all three tests: a written test to assess their knowledge of fire science and general knowledge, an aptitude test to measure their ability to perform firefighting tasks, and a physical fitness test to evaluate their strength, agility, and endurance.
These tests are designed to ensure that candidates possess the necessary skills and physical abilities to perform the demanding duties of a firefighter, which can include carrying heavy equipment, climbing ladders, and entering burning buildings to rescue people and extinguish fires.
The physical fitness test, in particular, is often a grueling obstacle course that includes running, climbing, dragging heavy weights, and simulating firefighting activities. Overall, these tests are essential to selecting the best candidates for the job and ensuring public safety.
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what is a business plan
Answers
Answer:
a document setting out a business's future objectives and strategies for achieving them
Explanation:
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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