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A supplier of components to an electronic industry makes a sophisticated product which sometimes fails immediately it is used. He controls his manufacturing process so that the proportion of faulty products is supposed to be only 5%. Out of 400 supplies in a batch, 26 prove to be faulty. Verify the manufacturer's claim. Use 0.05 level of significance.
The number of households in a certain community is given by h(t) = 1:26t 2 +7800 households t years after 2001. The proportion (expressed as a decimal) of the households in this s
Q. Show the Advantages of reward systems? ¸ Motivation can be heightened e.g. performance enhanced if paid by results. ¸ can inspire creativity e.g. bonuses paid for staff
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Mensa
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Two useful approaches to assess feasibility in financial terms are: Ans) Funds flow and break-even examines
Differences of EVA and RI EVA uses the replacement not historical accounting cost of assets. Profit calculated under both methods are different e.g. with EVA the repla
Question: (a) Explain clearly how businesses may adopt key principles of Total Productive Maintenance in order to create a safe and productive environment. (b) Describe in d
Q. Illustrate about Value for money framework? The value for money (VFM) framework (the 3Es) Economy (Cheap) e.g. is the organisation procuring resources at the lowe
what is the greatest takeaway from this case in terms of strategic management
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