Richard Branson, the founder of the Virgin Group, is well known for creating an inclusive organizational structure in which anybody in the organization can be involved in generating and acting on new business ideas.
Answer the following statement true (T) or false (F)
True
Richard Branson, founder of the Virgin Group, whose core businesses include retail operations, hotels, communications, and an airline, is well known for creating a culture and an informal structure where anybody in the organization can be involved in generating and acting on new business ideas.
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What type of competitive advantage does a best-cost provider strategy aim at achieving? Explain what a company has to do to achieve this advantage.
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Which of the following statements is FALSE regarding control charts?
A) X-bar charts measure central tendency in a process. B) R-charts measure the variability of a process. C) It is not possible to have a LCL below 0 in a c-chart. D) It is not possible to have a UCL value above 1 in a p-chart. E) The nominal line is always the midpoint between the UCL and LCL.
CraftCo, Inc.'s projected sales for the first six months of 2012 are given below:
Jan. $500,000 April $490,000 Feb. $740,000 May $740,000 Mar. $380,000 June $610,000 40% of sales are collected in cash at time of sale, 50% are collected in the month following the sale, and the remaining 10% are collected in the second month following the sale. Cost of goods sold is 60% of sales. Purchases are made in the month prior to the sales, and payments for purchases are made in the month of the sale. Total other cash expenses are $40,000/month. The company's cash balance as of February 28, 2012 will be $25,000. Excess cash will be used to retire short-term borrowing (if any). CraftCo, Inc. has no short term borrowing as of February 28, 2012. Assume that the interest rate on short-term borrowing is 1% per month. The company must have a minimum cash balance of $15,000 at the beginning of each month. What is CraftCo, Inc.'s projected cash balance at the end of March 2012? A) $352,000 B) $301,000 C) $329,000 D) $361,000
Galben Company's quality cost report is to be based on the following data: Quality data gathering, analysis, and reporting$38,000Supervision of testing and inspection activities$45,000Liability arising from defective products$30,000Technical support provided to suppliers$39,000Disposal of defective products$72,000Depreciation of test equipment$55,000Downtime caused by quality problems$96,000Test and inspection of in-process goods$69,000Cost of field servicing and handling complaints$52,000?Required:?Prepare a Quality Cost Report in good form with separate sections for prevention costs, appraisal costs, internal failure costs, and external failure costs.
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