Some of Deming's 14 points actually conflict with many Six Sigma concepts.
Answer the following statement true (T) or false (F)
False
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You have gathered data from printed and online sources as well as from a survey. What should you do to organize the writing of your report?
a. Reduce quantitative data to a usable form through statistical techniques. b. Question whether every piece of information available makes a real contribution to the outcome of the study. c. Combine, summarize, and condense useful information so that the reader can understand it more easily. d. Do all of the above.
Quasi-contracts and implied-in-law contracts are two terms for the same situation
Indicate whether the statement is true or false
When a product experiences an increase in the number of competitors, it is usually in the _____ stage of the product life cycle; however, when that competition becomes intense, it is in the ____ stage.
A. introduction; maturity B. introduction; growth C. growth; decline D. growth; maturity E. maturity; decline
Monar Inc.'s CFO would like to decrease its cash conversion cycle by 10 days (based on a 365 day year). The company carries average inventory of $750,000. Its annual sales are $10 million, its cost of goods sold is 75% of annual sales, and its average collection period is twice as long as its inventory conversion period. The firm buys on terms of net 30 days, and it pays on time. The CFO believes he can reduce the average inventory to $647,260 with no effect on sales. By how much must the firm also reduce its accounts receivable to meet its goal in the reduction of the cash conversion cycle?
A. $123,630 B. $130,137 C. $136,986 D. $143,836 E. $151,027