A quality control officer heads a department that manufactures 1,000,000 units per annum. Answer the following: a.
Question:
A quality control officer heads a department that manufactures 1,000,000 units per annum. Answer the following:
a. Is it feasible for him to check all units produced or to check a sample of 1,000 units?
b. State the possible benefits the officer will avail by testing a sample rather than the entire population
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a It is not feasible for the quality control officer to check all units produced With a production o...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
"internet radios" for streaming audio, and personal video recorders and players. Describe design and evaluation processes that could be used by a start-up company to improve the usability of such...
-
Nu-Look Design, Inc., operated as a residential home improvement company. During calendar years 1996, 1997, and 1998, Ronald A. Stark not only was Nu-Looks sole shareholder and president but also...
-
The following information pertains to Mason Company for 2018: Beginning inventory...............................90 units @ $40 Units purchased...................................310 units @ $45 Ending...
-
Adel Company debits Supplies Expense for all purchases of supplies and credits Rent Revenue for all advanced rentals. For each type of adjustment, give the adjusting entry.
-
Plaintiff purchased stain and paint from defendant that, upon application, presented significant issues: discoloration and cracking. These issues became apparent 30 days after receipt of the...
-
Ford 10-K a. What are the key cash and liquid asset accounts for Ford? What types of marketable securities does Ford possess? b. What are the critical accounting policies for these accounts? c. What...
-
7. In each of the following scenarios, a through d, determine whether the following is a microeconomic or macroeconomic issue and WHY. a. Dell computers announces that it will raise the price of its...
-
Comment on the normality of the sampling distribution of mean when the a. sample size is 5 b. sample size is 2 c. sample size is 30 d. sample size is 100 Do so for the following scenarios: population...
-
The file RateBeerTop50 contains the percentage alcohol, alcohol by volume (abv), number of ratings (count), rank, and average score as of July 2018 for the top 50 beers of the world. Determine...
-
Use algebraic manipulation to find the minimum product-of-sums expression for the function f = (x 1 + x 3 + x 4 ) (x 1 + x 2 + x 3 ) (x 1 + x 2 + x 3 + x 4 ).
-
How converting variable net income to absorption net income, what do you subtract from variable net income? Explain the total process briefly
-
The City of Vancouver's operating budget for 2023 is $1,971,179,000. To present this in a way that is both accurate and easy for your audience to understand, which of these would you use to describe...
-
How do symbolic interactionist perspectives on deviance challenge deterministic explanations of criminality and pathology, emphasizing the importance of situational factors, subjective meanings, and...
-
Consider the following for Canadian Corp (CC). CC operates in Canada and operates a retail store selling cell phones. When 1,000 phones are sold in a year the total cost per phone is $76 and when...
-
How do you classify the unrealized gains of the investment in unlisted shares?
-
A supplier ships a lot of 1000 electrical connectors. A sample of 25 is selected at random, without replacement. Assume the lot contains 100 defective connectors. (a) Using a binomial approximation,...
-
Swifty company is a publicly held corporation whose $1 par value stock is actively traded at $30 per share. The company issued 3400 shares of stock to acquire land recently advertised at $93000. When...
-
The life of a semiconductor laser at a constant power is normally distributed with a mean of 7000 hours and a standard deviation of 600 hours. (a) What is the probability that a laser fails before...
-
Continuation of Exercise 4-140. What should the mean life equal in order for 99% of the lasers to exceed 10,000 hours before failure?
-
Continuation of Exercise 4-140. A product contains three lasers, and the product fails if any of the lasers fails. Assume the lasers fail independently. What should the mean life equal in order for...
-
solve by bernoulli method y' = 3.2y - 10y 2 . y' = (tan y)/(x - 1), y(0) = T y' = 1/(6e - 2x) 2xyy' + (x - 1)y = xe (Set y = z) solve by bernoulli method
-
Employee Gross pay Payroll Register General Journal General Ledger Compute the gross earnings for regular, overtime, and holiday pay for each employee for the December 31 pay period. Remember that...
-
Suppose A = {(m, n) E N x R | n = m}. Is true that |N| = |A|? (prove your answer)
Study smarter with the SolutionInn App