Discuss two measures that can address the threats of inefficiencies and quality controls problems
What will be an ideal response?
Answer: Throughput represents the number of good (nondefective) units produced in a given period of time. It consists of three factors, (productive capacity, productive processing time, and yield), each of which can be separately controlled as shown in the formula: Throughput = (total units produced/processing time) × (processing time/total time) × (good units/total units). Knowing about quality costs can help companies determine the effects of actions taken to improve yield and identify areas for further improvement. The main objective of quality control is to minimize the sum of the four types of costs recognizing the trade-offs between costs. These costs are: prevention costs, inspection costs, internal failure costs, and external failure costs.
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It often address topics of immediate concern to business.
A. Executive Coaching B. Conceptual knowledge program C. Behavioral role modeling
Clark Company purchased 40% of Irene Company's stock for $125,000 on January 1. On May 20 of the same year, Irene Company declared total cash dividends of $30,000. At year-end, Irene Company reported net income of $150,000. The balance in Clark Company's Long-Term Investment in Irene Company as of December 31 should be:
A) $ 77,000. B) $245,000. C) $173,000. D) $185,000. E) $197,000.