acquisition costs. a. intangible cost b. tangible cost c. total cost of ownership d. constraint 8. A popular technique for investigating causes and effects is called a ________ . a. SWOT analysis b. fishbone diagram c. Pareto chart d. scatter diagram 9. The ________ is the primary method of obtaining information during the preliminary investigation. a. survey b. interview c. documentation review d. data analysis 10. The final task in the preliminary
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History of economic thought History of economic thought The history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day. It encompasses many disparate schools of economic thought. Greek writers such as the philosopher Aristotle examined ideas about the art of wealth acquisition and questioned whether property is best left in private or public hands. In medieval times‚ scholars
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1.0 Executive summary The main purpose of this report is to create an action plan of the implementation of total quality management (TQM) for a large car dealership in a Eastern suburb of Sydney. The report consists of the detail steps of the action plan‚ the reason for each step‚ recommendation‚ and conclusion. The car dealership industry is quite competitive and car purchasing is quite differs from buying daily necessity. A large majority of the customers will take a few months in getting in
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CONNECTION BETWEEN PHILOSOPHY AND ECONOMICS Philosophy is the study of the fundamental nature of knowledge‚ reality and existence‚ especially when considered as an academic discipline. But one can also say that it is not simply a theory about something‚ nor it is a belief or a wish. It is an activity of thought. Philosophy is a discipline concerned with questions of how one should live (ethics); what sorts of things exist in this world and what is their essential nature and what are the correct
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Implement Quality Improvement at Riordan Manufacturing Continual improvements are essential for businesses to attain a competitive advantage in their industry and remain profitable. Riordan Manufacturing must apply Total Quality Management (TQM) to their organizational processes to eliminate waste‚ reduce costs‚ increase productivity‚ and focus on customer satisfaction. This paper identifies an improvement plan by outlining the steps of Riordan Manufacturing’s developed quality management process
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public finance is the study of the financial activities of governments and public authorities. divided into three categories: a - Knowing what activities the public sector engages in and how these are organized (that is‚ revenue gathering and expenditures) b - Understanding and foreseeing the full consequences of these governmental activities c - Evaluating alternative policies. The positive side describes the activities of the public sector‚ explains the reasons of the programs in existence and
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training and support in with appropriate provision of resources. (Baldrige Award) 2. Persons working in a quality environment need sharp problem-solving ability in order to perform the quantitative work demanded by statistical process control‚ Pareto analysis etc. (true/false) 3. A company’s infrastructure‚ specifically their reward and compensation system provides an accurate picture of its ___________. (strategic goals) 4. Philips Crosby describes the human resource department as
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measurements in metric units. a yes-or-no decision is to be made. the population has variability. a multi-stage sampling plan is needed. Ref: CHA Study Guide Q10. 5. Scatter diagrams are best described as a. histograms. b. correlation analysis. c. Pareto analysis. d. Ishikawa diagrams. Ref: CMQOE Study Guide Q9 Page 1 of 32 Certified Sixsigma Greenbelt Handbook Practice Questions (Selected from the past ASQ Exam questions and Study guide to match the BOK and Cognitive levels) 6. In which
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identical utility functions‚ then they: a) may want to trade if their marginal rates of substitution are different b) will want to trade if they are on the contract curve c) will not want to trade if their consumption bundles are not Pareto-efficient d) will only want to trade if they are not at their endowment e) may want to trade if the price ratio is not equal to one answer a If MRSA is not equal to MRSB‚ the two consumers will be able to arrange a mutually beneficial
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Exam II BA 301 Spring 2003 S.K. Norman Version 1 Select the best answer. 3 Points each. 1. In the 1980’s‚ Xerox studied the distribution system of L.L. Bean. Xerox compared the performance of it’s distribution system with L.L. Bean’s and used what it learned to improve its operations. This process is called a. employee empowerment b. benchmarking c. copycatting d. industrial espionage 2. You are auditing
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