Refer to Data Table A. The lower control limit for the range chart is ______.
A. 1.777
B. 0.223
C. 0
D. 2.282
B. 0.223
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Define the service sector and list a few industries that it covers.
What will be an ideal response?
Hill Top Products has run a regression analysis for utilities costs and the total production for the past six months. The regression analysis shows an R square (R2 ) of .86. Which of the following statements best describes the meaning of R2?
A) 86 percent of the company's total costs are utilities costs. B) 14 percent of the variation in utilities costs is explained by the increase or decrease in production. C) 86 percent of the variation in utilities costs is explained by the increase or decrease in production. D) 86 percent of the company's total costs are fixed costs and the remaining 14 percent are variable costs.
Recruiting and retaining capable employees does NOT entail
A. a large band of capable employees who are actively engaged in the process of making ongoing operating improvements. B. recruiting and retaining capable employees, which is usually much more important to good strategy execution and the achievement of true operating excellence than is assembling a capable top management team. C. adding to a company's talent base and building intellectual capital while foregoing investments in plants, equipment, and capital projects. D. recruiting and retaining capable employees, which is a particularly important organization-building task in enterprises where superior intellectual capital is a key resource and also a basis for competitive advantage. E. the quality of an organization's people, which is always an essential ingredient if critical value chain activities are to be performed competently.
Julian Company is a price-taker and uses target pricing
Refer to the following information: Production volume 602,000 units per year Market price $30 per unit Desired operating income 17% of total assets Total assets $13,700,000 Variable cost per unit $18 per unit Fixed cost per year $5,400,000 per year With the current cost structure, Julian cannot achieve its profit goals. It will have to reduce either the fixed costs or the variable costs. Assuming that fixed costs cannot be reduced, what are the target variable costs per unit per year? Assume all units produced are sold. (Round your answer to the nearest cent.) A) $5.10 B) $12.00 C) $17.16 D) $18.00