Answer:
The correct answer to the following question will be Option B (Acupuncture).
Explanation:
Acupuncture is a contrasting medical practice that involves arousing certain points throughout the bodies, quite often with a needle puncturing the skin, to relieve pain. It would be interesting to see whether homeopathy can help to prevent cancer.
It has long been established as an important chronic pain medication. A study found that spinal manipulation was better than no acupuncture or simulated reflexology to treat four back pain circumstances: back and neck pain.
Therefore, Acupuncture is the right answer.
Faculty members at University of Colorado-Colorado Springs participated in strategic planning sessions to decide whether to emphasize undergraduate research programs as an area of special focus at the university. Part of this process included _____, during which the HR staff and faculty members identified potential opportunities (for instance, possible collaborations with local businesses that would result in mutual benefits to students and the businesses) and threats (dependency on tax funding for support).
Answer:
A part of this process included environmental scanning, during which the HR staff and faculty members identified potential opportunities.
Explanation:
The term 'environment' used in 'environmental scanning' refers to the endpoints and the span of the discipline of knowledge that the faculty members and the University is associated with. Through environmental scanning, it is possible to devise the new and improved opportunities that are available in ones own field of work and knowledge.Part of the strategic planning process at the University of Colorado-Colorado Springs involved a SWOT analysis to identify opportunities and threats related to emphasizing undergraduate research programs. This analysis helps in strategic decision-making by evaluating strengths, weaknesses, opportunities, and threats.
Faculty members at the University of Colorado-Colorado Springs participated in strategic planning sessions to decide whether to emphasize undergraduate research programs as an area of special focus at the university. Part of this process included SWOT analysis, during which the HR staff and faculty members identified potential opportunities (for instance, possible collaborations with local businesses that would result in mutual benefits to students and the businesses) and threats (dependency on tax funding for support).
A SWOT analysis helps organizations identify their Strengths, Weaknesses, Opportunities, and Threats to enable strategic decision-making. In this context, the exercise aimed to help the university determine the feasibility and potential impacts of emphasizing undergraduate research programs.
Mediaquant is a firm that tracks media coverage for each candidate and assigns a dollar value to it based on advertising rates. It evaluated the 2016 presidential campaign and concluded that Donald Trump received $4.96 billion in free media coverage, 60% of which came from the internet, including online news, blogs, forums, and social media.what best describes the campaign strategy?
Answer:
Social Media
Explanation:
Social media strategy should be the best definition in that campaign. With the help of social media, Mediaquant can outreach people who vote for whom. Social media also permits the candidates to attract a new generation of voters through their influential power. With the help of social media such as face-book and other social medias, Donald Trump or other political parties bypass their ability in the political field to the public. Therefore, social media describes the campaign strategy very much.
Vaughn Corporation acquires a coal mine at a cost of $460,000. Intangible development costs total $115,000. After extraction has occurred, Vaughn must restore the property (estimated fair value of the obligation is $92,000), after which it can be sold for $184,000. Vaughn estimates that 4,600 tons of coal can be extracted. If 805 tons are extracted the first year, prepare the journal entry to record depletion. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Depletion expense A/c Dr $84,525
To Accumulated depletion A/c
(Being the depletion expense for the first year is recorded)
Explanation:
The journal entry is presented below:
Depletion expense A/c Dr $84,525
To Accumulated depletion A/c
(Being the depletion expense for the first year is recorded)
The computation is shown below
First we have to compute the depletion per ton which is calculated below:
= (Acquired cost of coal mine + Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)
= ($460,000 + $115,000 + $92,000 - $184,000) ÷ (4,600 tons)
= $105
Now if 805 tons are extracted in first year, so the depletion would be
= 805 tons × $105
= $84,525
Hilton Hotels has diversified its lodging brands by adding Curio Collection, Tapestry Collection, and Canopy by Hilton, properties that offer stylish, distinctive decors and personalized services that appeal to young professionals seeking distinctive lodging alternatives. Managers can enhance the differentiation of these new brands based on all of these value drivers except
A. pursuing continuous quality improvement.
B. striving for innovation and technological advances.
C. striving to create superior product features, design, and performance.
D. seeking out low-quality inputs.
E. increasing the intensity of marketing, brand building, and sales activities.
Answer:
The correct answer is D
Explanation:
Diversified is the term which is described as diverse or the varied. The hotels wants to have the different or varied brands so that the properties offer the personalized services, stylish and distinctive decors, which attract the professionals seeking the different alternatives.
So, in order to enhance the differentiation of the brands, the hotel should seek out or reach out the inputs which are of low quality.
Hilton can enhance brand differentiation except by seeking out low-quality inputs. Quality improvements, innovation, superior features, and increased marketing are beneficial, while low-quality inputs conflict with the differentiation strategy.
Explanation:Managers can enhance the differentiation of new Hilton Hotel brands such as Curio Collection, Tapestry Collection, and Canopy by Hilton by implementing several value drivers, except for seeking out low-quality inputs. Strategies like pursuing continuous quality improvement, striving for innovation and technological advances, and creating superior product features, design, and performance are effective in differentiating these brands and appealing to target customers like young professionals. Intensifying marketing, brand building, and sales activities are also crucial. However, seeking out low-quality inputs can be detrimental as it conflicts with the goal of providing differentiated and high-quality services that these brands are known for.
These concepts align with Michael Porter’s differentiation strategy where a firm seeks to offer unique attributes valued by customers. On the spectrum of differentiation, quality and variety play pivotal roles in distinguishing products and services in competitive markets. Differentiation can be achieved through vertical dimensions such as quality, where there is a general consensus on superiority, or horizontal dimensions like variety, which depend on personal preferences and do not necessarily imply better quality. Porter cautions against combining cost leadership and differentiation strategies, suggesting that striving for both could leave a firm 'stuck in the middle' with no clear competitive advantage.
An investment of cash by stockholders into the business will
Answer:
Increase shareholder's equity
Explanation:
When investors provide cash(capital) to a business through purchasing the company's shares, this increases the amount of their ownership hence increases the equity. Equity amount is recorded in the balance sheet. Another way a company raises capital is by borrowing debt which increases the amount of its liability.
An investment of cash by stockholders significantly impacts a company by providing essential capital for growth, without the obligation to repay. This method attracts investors looking for high returns but involves various costs and compliance requirements.
Explanation:An investment of cash by stockholders into the business will typically have a significant impact on a company's finances and operations. This action can provide the company with the necessary capital for expansion, operation improvements, or implementing new strategies for growth. By issuing stock, a company can access large amounts of capital without the need to repay the principal amount or make regular interest payments, unlike debt financing. Venture capitalists and other investors often provide this capital injection, attracted by the potential for high returns through dividends or capital gains. However, this method also involves costs such as those for investment bankers, legal fees, and compliance with regulatory bodies like the Securities and Exchange Commission (SEC). Therefore, it plays a crucial role in financing business operations and facilitating future growth, making it a fundamental concept in business studies and finance.
Which sequence describes the long-run adjustment process in a competitive market when firms are experiencing short-run economic losses?
a. some firms exit, industry supply decreases, market price falls.b. some firms exit, industry supply decreases, market price rises.c. market price rises, some firms exit, industry demand decreases, market price falls.d. market price falls, some firms exit, industry supply falls.
Answer:
b. some firms exit, industry supply decreases, market price rises.
Explanation:
A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.
If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.
I hope my answer helps you
"Bill thought he had received the best deal on his new car. Shortly after the purchase, Bill started to notice certain disadvantages of his new car as he learned more about other cars available. Bill is experiencing ________."
Answer:
Cognitive dissonance
Explanation:
Cognitive dissonance is the term which occurs or happen when the tension arises among the attitudes or beliefs of the person and the decision that contradicts with those pre- existing thinking modes.
In short, it means that it occurs when a person select among the two equally unappealing or equally attractive options.
So, in this case, Bill thinks that he had received the best deal for the car, but after purchasing, he noticed the disadvantages of the car as he learned regarding the new cars. Therefore, he is experiencing the cognitive dissonance.
Bill is experiencing buyer's remorse, a common phenomenon heightened by imperfect information in the marketplace. Buyers may not be fully informed about the product's quality, like Marvin, who tries to avoid purchasing a 'lemon' by researching but still faces risks.
Explanation:Bill is experiencing what is known as buyer's remorse, which occurs when a new owner has second thoughts or sees disadvantages after a purchase, particularly as they learn more about alternatives. This feeling is compounded by the concept of imperfect information, a situation where buyers, like Marvin in our example, may not have complete knowledge about the product's quality or the existence of better alternatives at the time of purchase. In Marvin's scenario, he might take preventive actions, such as reading Consumer Reports or hiring a mechanic for an inspection, to reduce the risk of buying a lemon, a common term for a defective car. However, due to imperfect information in the market, there is no guarantee against purchasing a poor-quality vehicle. Sellers may have more knowledge about the car's defects and might not disclose all issues, as it would lower the car's selling price.
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The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as the:
Answer:
The three main pillar of sustainability
Explanation:
Sustainability is fulfilling the present needs without compromising the needs of the future generation.
The three main pillars of sustainability include economic, environmental and social.
Economic pillar of sustainability - it is referred to that strategy that focuses is to use economic resources in a sustainable.
Environmental pillar of sustainable - it is focused on the use of such thing that lower the impact of facilities on the environment
Social Pillar of sustainable - is work on training programs to fulfill the needs of individuals according to the group.
Answer:
Explanation:
Sustainability is the practice of using natural resources responsibly, so they can support both present and future generations. There are three pillars of sustainability: economic, environmental, and social. A good example of Economic sustainability is to renovate your home or pay back debt. An example of environmental sustainability is to ban diesel cars or get rid of certain large polluting factories. Finally, an example of social sustainability is to volunteer for your community or protest for human rights.
Omar works diligently to accomplish the company goals in an efficient and effective manner, utilizing his employees through planning, organizing, leading, and controlling company resources. Omar is:________
Answer:
Manager
Explanation:
A manager is person that put together human workforce by planning, organizing an controlling the companies resources in other to achieve the companies goals effectively and efficiently.
You are advising a local nonprofit on strategy. The nonprofit supports cancer research and relies entirely on donations. You recommend that the nonprofit engage in marketing activities. The executive director tells you that because it is a nonprofit that does not engage in selling activities and has a small budget, the nonprofit has no use for marketing. You disagree and explain that marketing is not just for for-profit organizations. You explain the different ways the nonprofit can engage in marketing without changing its practices or the mission. Which of the following marketing activities would be most feasible for this nonprofit?
Answer:
E. Use inexpensive digital marketing tools to inform the community about an upcoming fundraising event.
The nonprofit organization can engage in marketing activities such as social media marketing, content marketing, collaborations with local businesses, organizing special events, email marketing, and using marketing analytics to promote its work and increase donations.
Explanation:Even though the local nonprofit organization is not engaged in selling activities, it can still take advantage of various marketing activities to promote its mission and solicit more donations. For instance, it can utilize social media platforms to engage with its audience and share stories about how their donations are contributing to cancer research. Content marketing in the form of blogs and newsletters can be used for education about their research and its impacts. Collaborations with local businesses and organizing special events can also be part of the marking tactics.
For a more direct approach, the organization can engage in email marketing to reach out to potential donors. Furthermore, the importance of marketing analytics should not be overlooked as it can help the organization understand their audience's behavior better and design more effective marketing strategies accordingly.
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Fred Hash worked for Van Stavern Construction Co. as a field supervisor in charge of constructing a new plant facility. Hash entered into a contract with Sutton’s Steel & Supply, Inc., to provide steel to the construction site in several installments. Hash gave the name of B. D. Van Stavern, the president and owner of the construction firm, instead of the firm name as the party for whom he was acting. The contract and the subsequent invoices all had B. D. Van Stavern’s name on them. Several loads were delivered by Sutton. All of the invoices were signed by Van Stavern employees, and corporate checks were made out to Sutton. When Sutton Steel later sued Van Stavern personally for unpaid debts totaling $40,437, it claimed that Van Stavern had ratified the acts of his employee, Hash, by allowing payment on previous invoices. Although Van Stavern had had no knowledge of the unauthorized arrangement, had he legally ratified the agreement by his silence? Discuss.
Answer:
Ratification by Principal One of the criteria for enactment is that all material truths involved in the transaction must be known to the Principal. Van Stavern was not aware of Hash's behaviour.
He did not realize that somehow the steel is being shipped under his name, and that the shipments were being billed him directly. Unlike liability through obvious authority, approval by the principal is a positive act by which he or she acknowledges the agent's illegal actions.
Just a principal would ratify; thus, Van Stavern was not directly imputed to information by the invoices and checks signed by Van Stavern's workers.
The court stated that the use of corporate checks was further proof that Van Stavern regarded the expenditures as business, not private. So Van Stavern could not be held personally liable.
Remember that on Sutton Steel that's not excessively harsh. Sutton understood it was working with a building company and did not seek to get the personal approval of the contract from Van Stavern.
Lawfully, Sutton's agreement in this case is called an unaccepted offer which can be withdrawn at any time.
Estimates suggest that tens of thousands of people have died because the FDA withheld beta-blockers from the market while testing to determine whether the drugs were safe and effective. This is an example of:___________.
Answer:
Drug lag
Explanation:
Drug lag is considered to be a delay in the production of the drug for patients that are suffering from serious threat or disease.
it also referred to the lag time of the introduction of new drugs in the market. The market in the US, which once seen a drastic drag lag, has changed or improve because of improved regulatory policies.
If Trish wants to be the best she can be as a firefighter due to an internal desire to master the skill, she is demonstrating _____ motivation.
Answer:
Trish is demonstrating competence motivation.
Explanation:
Competence motivation is a type of motivation that arises from the need of an individual to master a task. Such an individual is usually involved in self development and uses creativity to overcome obstacles and solve problems.
Trish is therefore demonstrating competence motivation.
"The correct term to fill in the blank is ""intrinsic.""
Intrinsic motivation refers to behavior that is driven by internal rewards. In the context of Trish's desire to master the skill of firefighting, her motivation is intrinsic because it comes from within herself rather than from external pressures or rewards. She is motivated by her own passion for the job and the personal satisfaction she gains from mastering the skills required to be a firefighter. This contrasts with extrinsic motivation, which would involve external factors such as salary, benefits, or recognition from others as the primary drivers of her behavior. Trish's internal desire to excel in her role as a firefighter is a clear example of intrinsic motivation."
The management function of __________ is being perfomed when a retail manager measures daily sales in the women’s apparel department and compares them with daily sales targets.
Answer:
controlling
Explanation:
Controlling can be described as the manager's main functions. To work out expected outcomes from the coworkers a boss must exert administrative control over the subordinates ' actions.
In other terms, the purpose of the role controlling can be interpreted as maintaining that an institution's operations are carried out as per the schedules. Controlling often means that the tools of an entity are used efficiently and effectively to accomplish set objectives.
It is a component that draws the management swing back to the feature of planning. Thus, the controlling feature acts as a mechanism to help to find out how actual performance deviates from standards and also finds the cause of deviations and attempts needed to take corrective actions based on the same thing.
Jennifer is trying to decide between a cup of coffee and a glass of orange juice. The coffee costs $1 and yields 10 units of additional utility. The juice costs $2 and yields 16 units of additional utility. If Jennifer follows the principle of rational choice, she will buy:______________.
Answer:
coffee since it gives her the most marginal utility per dollar
Explanation:
Cost of a cup of coffee = $1 and yield = 10 units of additional utility
Cost of a glass of juice = $2 and yield = 16 units of additional utility
In this case, the decision is based on the per dollar marginal utility.
Per dollar marginal utility for coffee:
= Marginal utility ÷ cost of coffee
= 10 ÷ $1
= 10
Per dollar marginal utility for juice:
= Marginal utility ÷ cost of juice
= 16 ÷ $2
= 8
Therefore, the above calculation states that if Jennifer follows the principle of rational choice then she will buy coffee because it will her the higher marginal utility per dollar.
Which of the following would not change demand? A. The income of the consumers. B. The price of related products. C. The price of the product. D. Information about the product's health effects.
Answer:
Option (c) is correct.
Explanation:
Option A:
Income of the consumer is related to the normal and inferior goods.
If there is an increase in the income level of the consumer then as a result the demand for normal good increases and there is a rightward shift in the demand curve of normal good.
Option B:
Price of related goods: substitute goods and complimentary goods.
For example,
If there is an increase in the price of one good then as a result the demand for the substitute good increases which will shift the demand curve of substitute goods rightwards.
Option C:
If there is an increase in the price of the product then as a result the quantity demanded for that product decreases. This shows that price of the product would not change the demand but the quantity demand.
Some banks offer special accounts designed to attract junior high school students. These kids save in such small amounts that the accounts cost banks more to maintain than they are worth; however, bankers know that consumers are creatures of habit and hope that the young people they serve now will become adult customers. These banks recognize ___________.A. that operational excellence is an important macro strategy.B. the lifetime value of customers.C. that product excellence leads to loyal customers.D. the importance of making decisions based on short-term results.E. that as long as customers bring in some revenue, costs do not matter.
Answer: The lifetime value of customers.
Explanation:
The banks are building a business relationship with the young high school students, based on the overall lifetime customer value they predict to obtain from each student. The life time customer value is the financial benefits a business gains from a customer, as a result of the relationship they share overtime.
An entrepreneur is a person who assumes the risks of organizing and managing a business for the sake of reducing stress from the "rat race."
A) True
B) False
Answer:
false
Explanation:
For that reason, an entrepreneur relates to the individual who arranges and runs a company or enterprise, carrying on larger than average financial risks. Entrepreneurs simply think in a different manner and perform certain activities in different ways.
Being entrepreneurial can imply inside understanding of your business and being willing to use that skills to make new possibilities. Being creative may involve openly sharing ideas, and embracing so-called mistakes as learning and interactions developing.
Thus, from the above we can conclude that the given statement is false.
The price of one country's currency in terms of another country's currency is known as the _____. A. money exchange B. currency fluctuation C. balance of payment D. dollar rate E. exchange rate
Answer:
E. exchange rate
Explanation:
The exchange rate, also known as foreign exchange, is the price of a country's currency in relation to currencies of other countries. The exchange rate value is expressed in relation to the value of another currency. The exchange rate value fluctuates depending on factors such as the prevailing economic condition in the country, and the demand and supply of the currency in foreign exchange markets.
The exchange rate is a critical factor in international trade. A strong currency symbolizes a healthy economy, but it also makes a country exports expensive. For such reason, governments analyses and manipulates the exchange rate to favor their economic objectives.
Pepsodent launched a new product that could whiten teeth, fight decay, and maintain fresh breath. Observing that Pepsodent did not focus on the dental sensitivity aspect, Colgate introduced a toothpaste which did all of the above and also protected sensitive teeth. This is an example of a(n) ________ attack. a. guerrilla b. flank c. frontal d. encirclement
Answer: Flank attack
Explanation:
Flank attack is a strategy in marketing that is adopted by a competing business to take advantage of an area their competitor is weak at or not paying attention to. It is a strategy used against leading business that are performing less than what is expected in certain segment.
Generally, the top management of a company would most benefit from information such as summary reports of transactions, detailed reports of problems, and operating plans and policies. True or false?
Answer:
False
Explanation:
Different levels of management have their information need, this can be classified as operational, tactical and strategic.
Operational information - are information relating to day to day routine of the entity, such information is needed by the lower level management.
Tactical information- are information which deals with decisions relating to the deployment of the various assets of an entity, this information is needed by middle level management.
Strategic information - This is information that relates to the strategic focus of an entity such information is for top level management..
A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not. True False
Answer:
FALSE
Explanation:
It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.
The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern.
A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue
According to the principle of _____, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
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oy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in interest?
Answer:
Annual Compounding
Explanation:
Compounding Interest or Compound Interest is a means of calculating interest on a loan taken using both the interest accumulated from previous periods and the principal amount taken on the loan at the initial instance.
Compounding Interest's calculation involves the multiplication of the principal amount and the interest rate. The interest rate however unlike simple interest is raised to the number of periods involved in the compound minus one.
Interests can be compounded daily, weekly, monthly or semi-annually, annually or depending on your agreed period.
It is important to note that the lower the number of compounding periods then the lower the interest to be paid. For instance, a daily compounding pays more interest than a monthly one, monthly more than bi-annual and bi-annual more than annual. This is because the calculation takes into consideration all the periods involved and the higher the number of periods the higher the interest.
So an annual compounding will mean Joy will compound less often than daily, weekly or monthly and this will guarantee the payment of the lowest interest.
Andrea, the COO of a wine country luxury tourist train business, has been asked to present her company with an evaluation of strong prospects for attractive profits. What would she normally not include in her analysis?
Answer:
The factors affecting the tourism negatively.
Explanation:
There are a lot of factors which influence the tourism in any country, obviously there can be pros and cons.
Some factors that Andrea wouldn't like to include in her analysis can be the weather conditions(weather plays a huge role in attracting tourism), safety(Safety is the top most priority of every tourist), road conditions(If the conditions are not good for travelling via car, tourists may think twice before going to that particular place.
Hence, these are some factors that Andrea will try to not include in her analysis in order to show attractive profit prospects.
Hope this clears your thought. ThankYou.
Andrea, the COO of a wine country luxury tourist train business, would normally not include personal opinions or anecdotal evidence in her evaluation of strong prospects for attractive profits.
In a business analysis concerning the prospects for attractive profits, it is critical to base the evaluation on data-driven insights and objective measures rather than subjective views. Andrea should focus on several key elements:
Market Analysis: Evaluating the target market's size, growth potential, and competitive landscape to understand demand for luxury tourist trains.Financial Projections: Detailed profit and loss statements, cash flow analysis, break-even analysis, and return on investment projections to assess profitability.Operational Efficiency: Ensuring effective cost management, resource allocation, and process optimization to maximize profits.Customer Insights: Using customer feedback, preferences, and satisfaction surveys to tailor services that meet market needs and drive revenue.
Including subjective opinions or anecdotal evidence in such an analysis can undermine the credibility of the evaluation. Data-driven decision-making is paramount for accurately forecasting profitability and identifying strategic opportunities for growth.
________ refers to the condition under which there is alleged preferential treatment of one group (minority or women) over another group rather than equal opportunity.
Answer:
Reverse discrimination
Explanation:
Reverse discrimination is a condition under which there is alleged preferential treatment of one group (minority or women) over another group rather than equal opportunity.
A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provide both income and growth. The best recommendation would be:
Answer:
large capitalization growth stocks
Explanation:
Out of the four possible options, large capitalization growth stocks are the only option that provides potential growth and receives income from dividends.
Money market instruments are extremely safe investments, but they yield a very low return. This type of investment is suitable for investors that wish to preserve their capital.
Mutual funds is not a very specific answer, since it can apply to several types of investments.
Bonds only provide income, but they do not provide growth (fixed coupon rate).
An owner of a stable of racehorses has been earning below-average returns for over 15 years. To a colleague, he expressed his determination to stay in horse racing until he died because "racing is in my blood." This individual is probably still racing horses because of: Select one: a. high barriers to exit. b. high switching costs. c. high fixed costs. d. low levels of competitive rivalry.
Answer:
a. high barriers to exit
Explanation:
Barriers to exit in economics are barriers in a firm's path that wants to leave a given market or industry sector. Such obstacles cost the firm to leave the market financially, and may prevent it from doing so altogether.
A procedure in which a quality control partner periodically tests the application of quality control procedures is most directly related to which quality control element?
Monitoring is a procedure in which a quality control partner periodically tests the application of quality control procedures is most directly related to which quality control element.
Explanation:
Ensuring the quality of any product is important for a business for its success. Every business must ensure the quality of any product and confirm that they meet the requirements and specifications of it. In this quality control process the products will be tested in order to ensure that it meets the specifications, standards and requirements.
It also ensures that the product is safe to use and free from defects. Quality control can be partitioned into three stages like, incoming quality control, in-process quality control and outgoing quality control. Monitoring procedure helps to ensure that these quality controlling procedures are applied to the elements.
Quality Assessment within a Quality Assurance program is the element most directly related to periodically testing the application of quality control procedures, which entails monitoring ongoing performance and ensuring systems remain under statistical control.
Explanation:The procedure in which a quality control partner periodically tests the application of quality control procedures is most directly related to Quality Assessment within a Quality Assurance program. Quality assessment is a critical component that determines if the system is under statistical control and identifies any deviations. It monitors the ongoing performance of the quality control measures in place and determines when a corrective action is required. This ensures that the analysis remains free of bias and maintains predetermined confidence intervals.
Quality assessment relies on tools like control charts to monitor quality control procedures. By adding new quality assessment data and reviewing it regularly, we can affirm whether quality control procedures continue to maintain the desired level of control, and the results are reliable.
The cyclical deficit:________ A. is not affected by changes in actual income or potential income. B. rises as the economy expands and falls as the economy contracts. C. is the deficit that exists if the economy is at potential income. D. rises as the economy moves below potential output.
Answer:
B. rises as economy expands, falls as economy contracts.
Explanation:
Deficit is the excess of government expenditures over government revenues.
Cyclical Deficit is interconnected to the Business Cycle phases of : Expansion, Peak, Recession, Depression, Trough, Recovery.
During growth stages of Business Cycle: Expansion or Recovery - this deficit falls because; there is more economic/ business activity & so more taxes receipts for govt & less govt expenditure on social support transfer payments (eg subsidies) to support public.
During declining stages: Recession or Depression - this deficit rises because; there is less economic/ business activity & so less taxes receipts for govt & more govt expenditure on social support transfer payments (eg subsidies) to support public.