The primary aim of the FOCUS-PDCA approach to performance improvement is to ________
A) align production processes with the needs of customers
B) assign tasks to those employees best suited to accomplish them
C) focus organizational resources on profit-generating activities
D) incorporate feedback from customers in new product design
E) identify and eliminate the sources of variation in a work process
E
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What is the payback period for the Airbus A380 project? The Airbus A380 is the largest civilian aircraft ever built. It can carry 555 passengers on two decks. Initial project investments were $13B
Assume that the initial investment was paid on Dec 31, 2008. Assume that Airbus will produce 60 aircraft per year for five years. Each aircraft will be sold for $230M and total operating costs are 75% of revenues. Assume that revenues and costs occur at year-end with the first revenues (and costs) occurring on Dec 31, 2009. Ignore taxes and assume that there are no terminal year cash flows. Select the earliest year such that the initial investments are completely paid off. A) 3 years B) 4 years C) 5 years D) The project is not paid off in this time frame. E) Need the cost of capital to answer this question.
Learning is important to the success of a firm's international strategy for all of the following
reasons except differences in ________. A) legal environments B) motivational environments C) cultural environments D) institutional environments