What are the three main outcomes of quality control? Briefly describe each
Acceptance decisions determine if the products or services produced as part of the project will be accepted or rejected. If they are accepted, they are considered to be validated deliverables. If project stakeholders reject some of the products or services produced as part of the project, there must be rework.
Rework is action taken to bring rejected items into compliance with product requirements or specifications or other stakeholder expectations. Rework often results in requested changes and validated defect repair, resulting from recommended defect repair or corrective or preventive actions. Rework can be very expensive, so the project manager must strive to do a good job of quality planning and quality assurance to avoid this need.
Process adjustments correct or prevent further quality problems based on quality control measurements. Process adjustments are often found by using quality control measurements, and they often result in updates to the quality baseline, organization process assets, and the project management plan.
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For a gift of real property to be valid, the donor must deliver a properly executed deed to the property to the donee or to some third person to hold it for the donee.
Answer the following statement true (T) or false (F)
Starbuck’s (1983) story of the failed calculator manufacturer ‘Facit’ is an example of?
a. How organizational learning can actually be a negative thing for organizations because it makes it do things that it shouldn’t b. How existing knowledge can block the creation of new, and important knowledge c. How even though technological change happens rapidly, if you are great at what you do, then keep doing it and let the rest take care of itself d. How calculators are really stupid, boring products
Of Mintzberg’s five structures, which is characterized by standardized skills rather than processes, flatter hierarchies, and usually large numbers of support staff?
a. Simple structure b. Machine bureaucracy c. Professional bureaucracy d. Hierarchical bureaucracy
Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable$80,000 $72,000 Inventory 84,000 70,000 Net sales 400,000 372,000 Cost of goods sold 254,000 216,000 Total assets 850,000 810,000 Total stockholders' equity 500,000 450,000 Net income 75,000 56,000 TPX Company's 2021 asset turnover is: (Round your answer to 1 decimal place.)
A. 3.7 times. B. 0.5 times. C. 2.8 times. D. 2.2 times.