Explain the transcendent view of quality
What will be an ideal response?
The transcendent view of quality is synonymous with innate excellence: a mark of uncompromising standards and high achievement. It argues that people learn to recognize quality only through the experience gained from repeated exposure.
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Scranton Company expects to begin operating on July 1, Year 1. The company's master budget contained the following operating expense budget: JanuaryFebruaryMarchSalary expenses$36,000 $36,000 $36,000 Sales commissions, 5% of sales 30,000 32,000 24,000 Utilities 2,800 2,800 2,800 Depreciation on store equipment 1,000 1,000 1,000 Rent 7,200 7,200 7,200 Miscellaneous 1,800 1,800 1,800 Total operating expenses$78,800 $80,800 $72,800 Sales commissions are paid in cash in the month following the month in which the expense is recognized. All other expense items requiring cash payment are paid in the month in which they are recognized. The amount of commissions payable that would appear on the company's pro forma balance sheet as of September 30,
Year 1 is: A. $30,000. B. $36,000. C. $24,000. D. $32,000.
Internal Control Principles Identify and briefly describe the two principles that should govern the monitoring function
Once managers have agreed on an entity's core competencies, the CMS can be designed to do all but which of the following?
a. Track performance in competency areas through time. b. Collect external intelligence on competitor performance in competency areas. c. Generate output about those competencies in a useful format for interested parties. d. A CMS can be designed to do all of the above.
Which of the following would NOT be an example of March’s notion of adaptive ‘exploration’
a. Risk-Taking b. Cutting wages to improve profits c. Total Quality Management d. Self-Managing Work Teams