Deming said that we should utilize work standards that prescribe quotas for the workforce and provide numeric goals for people in management.
Answer the following statement true (T) or false (F)
False
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Scenarios
A. are the basis for creating a company's vision statement. B. have the objective of envisioning possible futures that might lie outside their traditional frame of reference. C. extrapolate from past data to make predictions. D. are based on stories about possible futures that are presented to line managers by the strategic planners. E. are focused on competitors' actions.
Dobson Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income of $50,000. The equipment will have an initial cost of $500,000 and have an 8-year life. There is no salvage value of the equipment. The hurdle rate is 10%. Ignore income taxes. Calculate the following:a. Accounting rate of returnb. Payback period
What will be an ideal response?
The number of cars passing through an intersection in the next five minutes can usually be described by the
A) normal distribution. B) uniform distribution. C) exponential distribution. D) Poisson distribution. E) None of the above
Michael Soles-owner of Soles Shoe Store-recently discovered that shoe stores in his trading area have an average markup of 40 percent. Upon investigation, Michael found that his average markup is $15 on shoes that he sells for $45. This suggests that
A. Michael's markups in dollar amounts are about the same as his competitors'. B. Michael has higher-than-average costs. C. Michael is pricing his products higher than his competitors. D. Michael has a relatively high stockturn rate. E. Michael is taking a smaller average markup than his competitors.