________ is a systematic approach to identify and quantify the best practices in an organization in order to make improvements in effectiveness and efficiency.

A. Planning process model
B. Total quality management
C. Customer retention model
D. Customer relationship management


Answer: B

Business

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Hot Topic, a chain that sells rock-band-inspired clothes for teens, launched Torrid to give plus-size teens the same fashion options. Identify the three parts of the value delivery process and their function for Hot Topic

What will be an ideal response?

Business

Underwood Company's only treasury stock transactions for the current year follow: (1) 2,000 shares of its common stock were purchased on June 1 for $80,000; (2) On July 1 it reissued 500 of these shares at $45 per share; (3) On August 1 it reissued an additional 500 treasury shares at $38 per share. 1) Prepare the journal entries required to record these transactions.2) Calculate the balance in Paid-in Capital, Treasury Stock, on September 1 assuming its beginning-year balance is zero.

What will be an ideal response?

Business

Which of the following is a difference between the EOQ and the EPQ models?

A. In the EOQ model, additional inventory is received all at once, but not in the EPQ model. B. In the EOQ model, there are quantity discounts available, but not in the EPQ model. C. In the EOQ model, lead time is known, but not in the EPQ model. D. In the EOQ model, shortages are allowed, but not in the EPQ model.

Business

A zero coupon bond is a bond that pays no interest and is offered (and initially sells) at par. These bonds provide compensation to investors in the form of capital appreciation.

Answer the following statement true (T) or false (F)

Business