The concepts of total quality management, just-in-time, and the theory of constraints can be applied to service
Question:
The concepts of total quality management, just-in-time, and the theory of constraints can be applied to service organizations.
a. All organizations use processes to deliver their goods or services to customers.
b. TQM principles apply to service organizations as well as to manufacturing companies.
c. Processes within service organizations can contain bottlenecks that affect lead time and throughput.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Managerial Accounting Information For Decisions
ISBN: 9780324222432
4th Edition
Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill
Question Posted:
Students also viewed these Business questions
-
Chapter 2 User-Centered Systems Design: A Brief History Abstract The intention of this book is to help you think about design from a user-centered perspective. Our aim is to help you understand what...
-
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
-
Providing Quality School-Based Learning and Support Services 239 Chapter 6 Language and literacy support Your core task The core task of almost all TAs is to support students language and literacy...
-
Find r(t) and v(t) given a(t) and the initial velocity and position. a(t) = (t, 4), v(0) = (3,-2), r(0) = (0,0)
-
What are the four impact factors that will influence the setting of a price for a product or service?
-
Each of the sequences given below converges to zero. Specify the smallest value of \(n_{\varepsilon}\) so that \(\left|x_{n}ight| n_{\varepsilon}\) as a function of \(\varepsilon\). a....
-
By looking at the equation of the least-squares regression line, you can see that the correlation between height and arm span is (a) greater than zero. (b) less than zero. (c) 0.93. (d) 6.4. (e) Cant...
-
Microtech Corporation and Webnet Solutions, Inc. have identical balance sheets, as follows (in millions): Assets Current assets...
-
Managerial Accounting: Chapter 6: Cost-Volume-Profit Relationships Morton Company's contribution format income statement for last month is given below. Sales (47,000 units = 624 per unit) Variable...
-
NCCB produces pool tables and billiard supplies. The company is considering changes in the billiard ball production process that would reduce operating costs but would not affect any physical aspects...
-
The theory of constraints has the following key steps: a. Identify the process constraint (the bottleneck). b. Decide how to make the most efficient use of the constraint. c. Subordinate all other...
-
Assume the same information in Exercise 15-61, except that the warranty is for three years and has a separate purchase price. The company collected \(\$ 20,000\), and \(\$ 35,000\) for this extended...
-
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Ramirez Company installs a computerized...
-
Reproduced below from Farthington Supply s accounting records is the accounts receivable subledger along with selected general ledger accounts. General Ledger Accounts Receivable Dec. 3 1 / 2 2...
-
James A. and Ella R. Polk, ages 70 and 65, respectively, are retired physicians who live at 3319 Taylorcrest Street, Houston, Texas 77079. Their three adult children (Benjamin Polk, Michael Polk, and...
-
Required information [The following information applies to the questions displayed below.] Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna...
-
The following are the ratings of men by women in an experiment involving speed dating. Use the given data to construct a boxplot and identify the 5-number summary. 3.0 3.5 4.0 4.5 5.5 5.5 6.5 6.5 6.5...
-
Business & Society Ethics, Sustainability and Stakeholder management, give an example of each of the four levels of corporate power. Also, give an example of each of the spheres of business power.
-
Solve the relation Exz:Solve therelation ne %3D
-
American Food Services, Incorporated leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1 , 2 0 2 4 . The lease...
-
Which of the following statements is true? Financial measures tend to be lag indicators that report on the results of past actions. LA profit center is responsible for generating revenue, but it is...
-
Andretti Company has a single product called a Dak. The company normally produces and sells 8 0 , 0 0 0 Daks each year at a selling price of $ 5 6 per unit. The company s unit costs at this level of...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App