How does SPC help companies implement continuous improvement programs?
What will be an ideal response?
The feedback from out-of-control signals from control charts should be used to eliminate assignable-cause variation from the process. By using SPC over a long time period, the quality of the process should improve.
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Adaptive leaders ______.
A. prepare people to deal with change B. adapt their style based on follower competence C. adapt their style based on follower commitment D. prepare people to assess other’s behaviors
Which of the following statements best describes the post-audit function in the capital budgeting process?
A. The post-audit should be performed before a purchase decision is made for a new capital budgeting project. B. The post-audit is a fairly simple process, primarily because it is easy to separate the operating results of one project from those of other related projects. C. The post-audit involves comparing the actual results of previous capital budgeting decisions with the forecasted results to identify and explain any differences. D. The results of a post-audit generally can be used to develop future cash flow forecasts for new capital budgeting projects that are 100 percent accurate. E. Because it is quite expensive to perform, the post-audit should always be considered a voluntary part of the capital budgeting process.
Working capital may be used to pay for
A. advertising. B. marketing research. C. what it costs to store inventory. D. what a firm owes suppliers. E. All these answers are correct.
Graham's Choicest is a popular brand of dairy products. The brand plans to introduce two new flavors of milkshakes in the market. Before starting the production and manufacturing of the new products, the company asks mall visitors in three different locations to try out the samples of its new offerings and give their feedback. In the given scenario, Graham's Choicest is most likely in the _____ stage of the new product development process.
A. development B. testing C. commercialization D. idea screening