How did fault-free mass production and the systems manufactured for the defense effort during World War II further the use of statistical methods?
The demands of fault-free mass production and the systems manufactured for the defense effort during World War II furthered the use of statistical methods. That carried over to business and industry in the years following the war. The major empress, in addition to helping ensure manufacturing stability, were on checking that incoming materials met specifications and on rejecting bad product. As organizations began to focus more on customer satisfaction and designing quality into products and processes, it became clear that statistical concepts in general and design of experiments in particular could play an important role in helping build and validate quality products.
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Jiminez Company has two investment opportunities. Both investments cost $5,000 and will provide the following net cash flows: YearInvestment A Investment B1 $3,000 $3,000 2 3,000 4,000 3 3,000 2,000 4 3,000 1,000 What is the total present value of Investment A's cash flows assuming an 8% minimum rate of return? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round your intermediate calculations. Round your answer to the nearest whole dollar.)
A. $14,936. B. $12,000. C. $7,000. D. $4,936.
List three questions managers should consider when deciding whether to drop a product or a business segment.
What will be an ideal response?
An agreement in connection with the sale of a business that prohibits the seller from engaging in the same or similar business for a period of twenty-five years would be unreasonable and unenforceable
a. True b. False Indicate whether the statement is true or false
An operational budget is a short-term financial plan that coordinates activities needed to achieve short-term goals
Indicate whether the statement is true or false