Conforming to standards is the focus of the product

Assignment Help Finance Basics
Reference no: EM13519440

TRUE/FALSE 

1.Managers at Arnold Palmer Hospital take quality so seriously that the hospital typically is a national leader in several quality areas—so that continuous improvement is no longer necessary.

2.An improvement in quality must necessarily increase costs. 

3.For most, if not all organizations, quality is a tactical rather than a strategic issue. 

4.The definition of quality adopted by The American Society for Quality is a customer-oriented definition. 

5.Conforming to standards is the focus of the product-based definition of quality. 

6.Internal failure costs are associated with scrap, rework, and downtime. 

7.Philip Crosby is credited with both of these quality catch-phrases: "quality is free" and "zero defects." 

8.Deming's writings on quality tend to focus on the customer and on fitness for use, unlike Juran's work that is oriented toward meeting specifications. 

9.Improved quality can increase profitability via flexible pricing. 

10.ISO 9000 has evolved from a set of quality assurance standards toward a quality management system. 

11.Quality is mostly the business of the quality control staff, not ordinary employees. 

12.TQM is important because quality influences all of the ten decisions made by operations managers. 

13.The phrase Six Sigma has two meanings. One is statistical, referring to an extremely high process capability; the other is a comprehensive system for achieving and sustaining business success.

14.Continuous improvement is based on the philosophy that any aspect of an organization can be improved. 

15.Kaizen is similar to TQM in that both are focused on continuous improvement.

Reference no: EM13519440

Reviews

Write a Review

 

Finance Basics Questions & Answers

  The niendorf corporation produces teakettles which it sells

the niendorf corporation produces teakettles which it sells for 15 dollars each. fixed costs are 700000 for up to

  Rhino inc hired you as a consultant to help them estimate

rhino inc. hired you as a consultant to help them estimate their cost of capital. you have been provided with the

  What is the value of an investment

What is the value today if the first payment occurs four years from today? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

  34 debt and that its before-tax cost of debt is 13 while

suppose that jb cos. has a capital structure of 66 equity 34 debt and that its before-tax cost of debt is 13 while its

  Compare and contrast the capital budgeting techniques

Compare and contrast the capital budgeting techniques of Net Present Value (NPV), Payback, Internal Rate of Return (IRR), and the Profitability Index (PI). Discuss the strengths and weaknesses for each technique.

  What is the yield to maturity of a corporate bond

What is the yield to maturity of a corporate bond with 13 years to maturity, a coupon rate of 8% per year, a $1,000 par value, and a current market price of $1,250? Assume semiannual coupon payments.

  What rate should the firm use to discount the project

If the firm is evaluating a new investment project that has the same risk as the firm's typical project, what rate should the firm use to discount the project's cash flows?

  What was the companys profit margin

Prince Albert Canning PLC had a net loss of £30,782 on sales of £497,162.

  What is the difference in the effective annual rates charged

Rima's Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks?

  How to finding npv and irr from the given data

How to Finding NPV and IRR from the given data of the Anderson International Limited is evaluating a project in Erewhon

  Why are the valuations different

What should be the prices of the following preferred stocks if comparable securities yield 7 percent? Why are the valuations different?

  What primary care rate will families first propose

Each primary care physician can handle about 3,000 patient visits per year, for which he or she is paid $180,000. What primary care rate (PMPM) will Families First propose to ABC Company?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd