The person who believed that quality stemmed from the needs of the consumer, and that managers should stress teamwork is W. Edwards Deming.
W. Edwards Deming was an American statistician, engineer, professor, author, and management consultant. He is best known for his work on quality control, and his 14 points for improving the quality of products and services. Deming believed that quality should be built into products and services, rather than inspected out. He also believed that managers should focus on prevention, rather than detection, of defects. Deming's work has had a profound impact on the way that businesses operate, and his ideas are still widely used today.
W. Edwards Deming was a pioneer in the field of quality control, and his ideas have had a lasting impact on the way that businesses operate. His work has helped to improve the quality of products and services, and it has also helped to improve the lives of employees.
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The financial institutions in our banking system are all in the business of transferring funds from savers to investors. This process is known as:A. Parachuting.B. Money Laundering.C. Lobbying.D. Financial Intermediation.
The financial institutions in our banking system play a crucial role in transferring funds from savers to investors. This process is known as D. Financial Intermediation. Financial intermediation involves banks and other financial institutions serving as intermediaries between those who have funds to lend, such as savers, and those who need funds, such as investors or borrowers. These intermediaries facilitate the flow of funds by accepting deposits from savers and providing loans to investors.
Financial intermediation is essential for the efficient allocation of resources and the smooth functioning of an economy. It helps in matching the needs of savers and investors by providing a range of financial products and services tailored to their specific requirements. Additionally, financial intermediaries assess the creditworthiness of borrowers and manage risks associated with lending, thereby promoting financial stability.
In contrast, parachuting, money laundering, and lobbying are not related to the transfer of funds between savers and investors. Parachuting refers to an executive being brought in to help a struggling company, money laundering is the process of making illegally obtained funds appear legitimate, and lobbying is the act of influencing decision-makers in favor of a specific cause or policy.
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Hector Aguerra is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in Saudi Arabia! He is also a very hard worker, and is willing to work a lot of hours to make the kind of money he wants. Hector should most likely look for the kind of job that is paid:_________
A. on salary with overtime.
B. by commission.
C. with a high hourly rate.
D. in a situation with team-based compensation.
Answer:
B
Explanation:
Hector is best suited to work as as a sales or advertising agent due to his high selling skills. Sales agents are usually paid in commissions. He would also be able to earn the type of money he wants by choosing the number of hours he chooses to work
When Carolina is in the grocery store buying milk for her children, she picks up a tube of toothpaste at the same time. The toothpaste, a relatively inexpensive item that merits little shopping effort, is called a(n) _______.
A relatively inexpensive item that merits little shopping effort, is called Convenience product.
What is the Product?
Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.
Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.
In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.
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What does the stock market drive companies to do?
Answer:
It drives companies to push themselves to increase their market value, and make sure all the companies news is relevant and important.
Explanation:
The stock market is an online exchange where prices are put together and people make different trades. The stock market drives them to increase their earnings and ultimately the price per share of their stock.
in order to assess the critical issue sin information management, a manager should know the is infrasture componetents. these are
These are infrastructure, software, networks, and data, according to the claim.
What being a manager entails?Based on the traditional definition, a manager is only someone who coordinates the efforts of others. Simply simply, managers coordinate the efforts of others to accomplish goals. Managers in the workforce could be in command of particular systems or tasks that don't involve people.
Who in a company is a manager?Using the four core management roles of preparing, organizing, driving, and controlling, managers are in charge of completing tasks effectively with and through the help of other people as well as creating and accomplishing the company's goals.
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The complete question is-
In order to assess the critical issues in information management, a manager should know the IS infrastructure components. These are hardware, software, network and _______.
which of the following factors are managers likely to consider when forecasting patient volume? question 7 options: a) past trends in volume b) population growth c) the competitive environment d) answers a. and b. are both correct e) answers a., b., and c. are all correct
The factors that are managers likely to consider when forecasting patient volume option (d) Answers (a) and (b)
When forecasting patient volume, managers of healthcare organizations are likely to consider past trends in volume and population growth. By analyzing historical data on patient volume, managers can identify patterns and make predictions about future demand for services. Population growth is also a key factor to consider since it can impact the number of potential patients in a given area.
While the competitive environment could potentially affect patient volume, it is less likely to be a primary factor in forecasting patient volume. Overall, forecasting patient volume accurately is essential for healthcare organizations to allocate resources effectively and provide high-quality care to their patients.
Therefore, the correct option is (d) Answers (a) and (b)
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What would be the yearly earnings for a person with $6,000 in savings at an annual interest rate of 2.5 percent?
Interest Earnings:
The interest earnings are the sum invested at a particular rate which provides compensation for bearing the risk of the borrower. The earnings are greater for a borrower with greater risk.
The yearly earnings on $6,000 savings at an annual interest rate of 2.5% would amount to $150. Interest earnings are the compensation received for lending money or keeping savings in an account.
In this case, the principal amount is $6,000, and the interest rate is 2.5% expressed as a decimal, which is 0.025.
To calculate the interest earnings, we multiply the principal amount by the interest rate. In this case, $6,000 multiplied by 0.025 equals $150.
The interest earnings represent the return on investment for the individual who has saved $6,000. It is important to note that the interest earnings may be subject to taxes depending on the jurisdiction and the specific type of savings account. Taxes can reduce the overall earnings on the savings. Additionally, the interest rate may vary depending on market conditions, the type of savings account, or any promotional offers provided by the financial institution. Therefore, it's essential to consider the interest rate, any associated fees, and the overall financial goals when choosing a savings account.
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Theresa works as a Risk Management Specialist for an investment corporation. Which best describes her educational pathway?
an associate’s degree, then a bachelor’s degree
a master’s degree, then a vocational school
a vocational school, then an associate’s degree
a bachelor’s degree, then a master’s degree
Answer:
probably way too late for you but if anyone else is still searching for this answer, if it isn't b, it might be D. either way, vocational school in the answer doesn't sound quite right.
Theresa works as a Risk Management Specialist for an investment corporation. the best description for her educational pathway is a bachelor’s degree, then a master’s degree. Option D. This is further explained below.
What is education?Generally, education is simply defined as methodical teaching, particularly in a school or university setting.
In conclusion, Theresa works for an investing firm as a Risk Management Specialist. Her educational journey is best described as a bachelor's degree followed by a master's degree.
The Option D(a bachelor’s degree, then a master’s degree) can be the only path as the right steps are vocational school, bachelor's degree, Masters degree, then Associates degree.
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Describe two ways you can demonstrate desirable qualities on the job.
Answer:
Leadership
Even in entry-level positions, most employers look for evidence of leadership qualities. Successful companies need self-starters who are not afraid to take responsibility.
Teamwork
Many occupations require to work efficiently with others on work on projects or towards a common goal.
Communication and Interpersonal Skills
According to recruiters, the ability to communicate effectively with others and get along with a variety of different types of personalities are two of the most desirable qualities in job candidates.
Analytical Skills
The ability to recognize problems, distill and define the pertinent issues, and determine and propose effective solutions is invaluable to any employer.
Dependability and a Strong Work Ethic
Employers want reliable employees so candidates should demonstrate dependability, responsibility, and consistency in their job performance.
Maturity and a Professional Attitude
Even new hires should demonstrate poise, maturity and professionalism.
Adaptability and Flexibility
Employers need to know that the people they hire can expand and change as their companies do.
Good Personality
At the interview stage, you possess the qualifications necessary for the job. It comes down to whose personality fits better with the culture of the company.
Related Work Experience
Previous employment in part-time jobs and internships is highly desired by employers.
Initiative and Motivation
Signs of initiative are very compelling for the interviewer. The ideal employee knows when to take action without prodding by management.
Creativity and Intelligence
People who are constantly thinking of new ways to accomplish tasks make excellent job candidates.
Strong Grades
Recruiters often use GPA as a way of screening job candidates. If your academics are less than exemplary, use the interview to demonstrate your knowledge and skills
The share in the company's profit is called_________.
Answer:
profit sharing
Explanation:
From Investopia they define profit sharing as
"A plan gives employees a share in their company's profits based on its quarterly or annual earnings."
What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
A.Education
B.Energy
C.Time
D.Money
Answer:
I think it would be education
Explanation:
Answer: A. Education
Explanation:
in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
a. Look at each segment of the markets they serve
b. Help identify new customer requirements
c. Rely on traditional performance measures
d. Collaborate in pricing of products
The correct option to the given question about assess the performance of their supply chains is option a) . Take a look at each market category they serve.
A corporation can generally use one of six major models to direct its supply chain management procedures.
The continuous flow model, one of the more established supply chain strategies, works best for developed sectors. The continuous flow model assumes that a producer will consistently produce the same good and that customer demand will be relatively stable. Agile Strategy: This model works best for businesses that provide products that customers order or have unexpected demand. This model places a premium on adaptability because a business must be ready to change course at any time in the event of a specific requirement.
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Which of the following is a component of an internal control system that ensures that the internal control system is working as designed?
One of the components of an internal control system that ensures it is working as designed is monitoring. Monitoring involves ongoing reviews and evaluations of the internal control system to ensure that it is functioning as intended and any deficiencies are identified and addressed in a timely manner. It is an essential aspect of maintaining an effective internal control system.
Monitoring can take various forms, such as periodic reviews of financial statements, internal audits, or management assessments. The objective of monitoring is to provide assurance that the internal control system is effective in achieving its objectives and to detect any issues or weaknesses that may compromise its effectiveness.
To ensure that monitoring is effective, it should be performed by personnel independent of the processes being monitored. This helps to ensure objectivity and reduces the likelihood of conflicts of interest. Additionally, monitoring should be conducted on a regular basis and should be documented to provide evidence of its effectiveness.
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When there are major changes in strategy, senior management, business structure, or operations, evaluations of controls is usually performed by a directors b. supervisors c. management d. internal auditors
When there are major changes in strategy, senior management, business structure, or operations, evaluations of controls are usually performed by D) internal auditors.
Internal auditors are responsible for evaluating and assessing the effectiveness of an organization's internal controls, including those related to changes in strategy, senior management, business structure, or operations.
They can provide independent and objective assessments of the organization's risks and controls, identify potential areas of weakness, and make recommendations for improvements.
In addition, they can provide assurance to senior management and the board of directors that the organization's internal controls are effective and operating as intended.
While supervisors and management may also be involved in evaluating controls, internal auditors are specifically trained and dedicated to this function, making them the most appropriate choice for this task.
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What are some of the advantages of incorporating?
A. All businesses are required by law to incorporate.
B. Business owners are protected from liability and lawsuits.
C. Incorporation is the least expensive business structure.
D. Incorporation makes a business more likely to succeed.
Why are s corporations less favorable than c corporations and entities taxed as partnerships in terms of owner-related limitations?
S corporations may not have more than 100 shareholders and they may not have corporations, partnerships, nonresident aliens, or certain trusts as shareholders. The only ownership restriction for C corporations and partnerships is that C corporations must have a least one shareholder and a partnership (or entity taxed as a partnership) must have at least two owners.
Taxes can be defined as mandatory levies from the people for the state. Every penny of tax money paid by the people will be included in the post of state income from the tax sector. Its use is to finance central and local government spending for the welfare of the community.
Taxes are very beneficial for the state. In full, taxes are widely used for:
Financing state expenditures, such as: self-liquidating expenditures, for example: expenditures for productive projects for export goods.Financing reproductive expenditures, such as: expenditures that provide economic benefits for the community, for example: expenditures for irrigation and agriculture.Financing expenses that are not self-liquidating and non-reproductive, for example: expenses for the construction of monuments and recreational objects.Financing unproductive expenses, for example: expenditures to finance national defense or war and expenditures for future savings, namely expenditures for orphans.You can learn more about tax here brainly.com/question/16423331
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Which of the following is not true? A. Consumers purchase goods
and services to satisfy needs and wants. B. Goods are intangible.
C. Services don't have to be monetary. D. Marketing is the
distributio
The statement that is not true is Goods are intangible. Goods refer to tangible products that can be touched, seen, or held, such as physical items like clothing, electronics, or furniture. (Option B)
A. Consumers purchase goods and services to satisfy needs and wants. This statement is true. Consumers engage in economic transactions to fulfill their needs and desires by acquiring goods and services.
B. Goods are intangible. This statement is false. Goods are tangible products that can be perceived through the senses and physically possessed.
C. Services don't have to be monetary. This statement is true. Services can be non-monetary in nature, such as volunteering, providing assistance, or offering advice without any financial exchange involved.
D. Marketing is the distribution of goods and services. This statement is true. Marketing encompasses various activities, including advertising, promotion, and distribution, aimed at creating awareness, generating demand, and facilitating the exchange of goods and services between producers and consumers.
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The complete question is: Which of the following is not true? A. Consumers purchase goods and services to satisfy needs and want. B. Goods are intangible. C. Services don't have to be monetary. D. Marketing is the distribution of goods and services.
what are the main duties and responsibilities of a Hotel manager
Answer:
Here are some:
recruiting, training and supervising staff.
managing budgets.
maintaining statistical and financial records.
planning maintenance work, events and room bookings.
handling customer complaints and queries.
promoting and marketing the business.
Hope it helps you pls mark me brain list.
Answer:
The main duties and responsibilities of the hotel manager are as below:
Explanation:
1) Recruiting, training, and supervising staff.
2) Managing budgets.
3) Maintaining statistical and financial records.
4) Planning maintenance work, events, and room bookings.
5)Handling customer complaints and queries.
6) Promoting and marketing the business.
Which of the following is an
example of a wellness perk?
Answer:
I think it's letter
"A"
COBRA
Why is it important to have a savings account in addition to a checking account?
Compared to checking accounts, savings accounts often charge fewer fees and offer higher interest rates. By paying less and earning more interest, you'll see your money increase even if you don't make further deposits.
You may pay your bills, get your paycheck deposited directly into your account, and use an ATM with a checking account to manage your daily spending. An emergency fund might be created or funds can be placed away for a specific purpose, like a future vacation, in a savings account. For frequent transactions like purchases, bill payments, and ATM withdrawals, checking accounts are preferable. Typically, they receive little to no interest. Money should be kept in savings accounts. Usually, your money makes greater interest. Here are six reasons why you should keep cash in a savings account as opposed to a checking account, Increase your interest rate, Lessen the minimum balance requirements and fees, resisted the want to spend money, Keep an eye on your emergency money.
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when an economy produces a good such that the marginal benefit equals the marginal cost, this indicates that
What happens when an economy produces good in a way where marginal benefit equals marginal cost is that resource are allocated efficiently
Basically, when the marginal benefit equals the marginal cost, it shows that the quantity (output) produced is efficient.
Hence, the principle applies to an economy as well because when the total marginal benefit equal marginal cost, it shows that the output is efficient.
In conclusion, what happens when an economy produces good in a way where marginal benefit equals marginal cost is that resource are allocated efficiently.
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Which describes how you are able to pay off a closed or open mortgage at the end of the mortgage term?
Points: 1
Without any financial penalty
With title insurance
With a nominal financial penalty
With mortgage insurance
If you have an open mortgage, you can pay off your mortgage balance without a financial penalty, but if you have a closed mortgage, you may need to pay a prepayment charge if you decide to pay off your mortgage balance in full before the term is up.
At the end of the mortgage term, you can pay off a closed or open mortgage with or without any financial penalty. If you have a closed mortgage, you may need to pay a prepayment charge, also known as a penalty, if you decide to pay off your mortgage balance in full before the term is up.
A prepayment charge may also be referred to as an early termination fee or breakage fee. This is because you are breaking your mortgage contract early, and the penalty is a compensation to the lender for the loss of interest income.
The penalty amount can vary and depends on several factors, such as the remaining term of the mortgage, the interest rate on the mortgage, and the balance outstanding.
The penalty is usually equal to the greater of three months' interest or the interest rate differential (IRD), which is the difference between the interest rate on your mortgage and the current rate that the lender can charge for a similar mortgage.
The IRD is a complicated calculation that considers factors such as the remaining term, payment frequency, and the original mortgage amount.
On the other hand, an open mortgage allows you to pay off your mortgage balance in full or partially at any time without a penalty. Open mortgages tend to have higher interest rates compared to closed mortgages as they offer more flexibility.
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how much taxable income does a single taxpayer have if they owe $4838 in taxes?
They owe the the current taxes they need to pay plus the past due one ($4,838) and the interest fee for both.
As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your point more effective. Proofreading Evaluating Editing
Answer:
The correct answer will be "Editing".
Explanation:
Editing seems to be the process where even the letter being written is reconstructed or reconfigured to more efficiently express the letter. Arranging, modifying, as well as assembling a recorded, written, or video content for official completion, commonly by such an individual except for the producer of the content (considered as an editor).The other options in question aren't relevant to the particular circumstance. So the option available here is just the right one.
the cost of materials a company purchases to use in making products are
Raw material expenses are the cost of the elements that constitute the final manufactured product. They are among three fees that are factored into the cost of goods sold by a manufacturer (COGS).
How much do the materials used throughout production cost?
The cost of involved in manufacturing a commodity or deliver a service is referred to as the production cost. All indirect materials, such as household cleaners utilized during the manufacturing process, are not part of the cost of materials.
In a manufacturing company, the following are the three main types of inventory cost?
Direct materials, direct labor, and operational costs are really the three broad categories of costs associated with manufacturing processes. There are some exceptions, such as some skilled trades in which there are no direct expenses and some automated industrial companies that don't incur directly related labor costs.
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what refers to actions by franchisors to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee?
The term that refers to actions by franchisers to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee is "churning."
Churning occurs when a franchisor intentionally terminates or forces franchisees out of their contracts in order to resell the franchise to new individuals, often with the goal of generating additional fees or royalties. This practice is generally considered unethical and can lead to legal disputes between the franchisor and franchisee.. This practice is generally considered unethical and unfair to the franchisees involved. It can disrupt the business operations of existing franchisees and undermine the trust and stability of the franchising relationship.
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A multistep income statement is useful to financial statement users because it ______. (Select all that apply.)
A multistep income statement is useful to financial statement users because it: Provides a much greater detail about an account than simple income statement.
What is a Statement?
A Statement is an expression of word or something either in verbal form or written form.
In a multi-step income, it provides a clearer detail about an account than an income statement.
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if the federal government is running a budget surplus,
The federal government is taking in more revenue than it is spending, resulting in a budget surplus.
A budget surplus occurs when the federal government's total revenue exceeds its total expenditures during a given period, typically a fiscal year. This means that the government is taking in more money through sources like taxes, fees, and other forms of revenue than it is spending on various programs, services, and obligations. A budget surplus is indicative of financial strength and fiscal discipline, as it allows the government to accumulate savings or pay down existing debt. It provides opportunities for various actions, such as reducing taxes, increasing spending on public goods and services, allocating funds for investments, or bolstering reserves for future needs. However, the decision on how to utilize the surplus depends on economic conditions, policy goals, and political considerations, as it involves weighing priorities and potential impacts on the economy and society as a whole.
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Use this graphic to answer the question.
An economist is presenting data about employment in major industries across the nation.
Which segment of the economy had the fastest employment decline rate for women from November 2016 to November 2017?
utilities
information
retail trade
financial activities
Retail trade is the sector that had the fastest decline for women from November 2016 to November 2017.
What is meant by an economic decline?Economic decline refers to a decrease in economic activity, as measured by various indicators such as gross domestic product (GDP), employment, and trade.
This can be caused by various factors, including recession, inflation, decrease in consumer and business spending, or a combination of these factors. An economic decline can have negative impacts on individuals, businesses, and the overall economy, such as reduced income, higher unemployment, and decreased standard of living.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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