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What do business processes provide to ensure actions are carried out?
To answer the question correctly, select the appropriate combination of options from the list provided, focussing on the elements provided by business processes to ensure actions are carried out.
A. A clear structure for action.
B. Increased variability in output
C. Flexible work assignments
D. Well-defined roles and responsibilities
E. Predictable quality results
F. Focus on customer needs
G. Ownership of vague processes
Which one of the following basic quality control tools is also known as the 80/20 principle?
Which one of the following statements concerning the statement of work (SOW) is incorrect?
Who conceptualised the fishbone diagram?
The following information outlines the network diagram for installing a 5G transmitter by Carefully review the tasks and their completion durations in the diagram before answering the subsequent questions.
The company intends to invest in a business improvement for Project K with an initial cost of R20 000; the required return rate is 12% and the payback period is four years.
The projected net annual cash flows for the project are as follows:
Project K
| |
Year 0
|
-20 000
|
Year 1
|
2 700
|
Year 2
|
3 000
|
Year 3
|
3 300
|
Year 4
|
3 500
|
What is the IRR of the proposed project?
The quality movement in management is primarily concerned with:
To correctly answer the question, select the appropriate combination of options from the list provided, focussing on the quality movement in management.
A. Improving product and service quality
B. Increasing the quantity of production.
C. Reducing costs through statistical tools
D. Employee satisfaction only
E. Customer satisfaction and continuous improvement.
F. Building an organisational culture
According to the Michael Porter value chain model, which of the following are considered primary activities?
To answer the question correctly, select the appropriate combination of options from the list provided, focussing on the primary activities of Michael Porter’s value chain model.
A. Inbound logistics
B. Finance management
C. Operations.
D. Human resource management
E. Outbound logistics
F. Marketing and sales
G. Service
The company intends to invest in a business improvement for Project RK with an initial cost of R17 500; the required return rate is 12% and the payback period is four years.
The projected net annual cash flows for the project are as follows:
Project RK
| |
Year 0
|
-17 500
|
Year 1
|
2 500
|
Year 2
|
3 000
|
Year 3
|
3 100
|
Year 4
|
3 500
|
What is the IRR of the proposed project?