7. Profit equal total revenue less ______. Fill out the blank and explain the statement. 8. The cost of producing an extra unit of output is the ______. Fill out the blank and explain the statement. 9. A firm has fixed cost of $100 and average variable cost of $5Q‚ where Q is the number of units produced. What is the efficient scale of this firm? 10. Bob’s lawn-mowing service is a profit-maximizing‚ competitive firm. Bob mows lawns for $27 each. His total cost each day is $280
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Conformance to requirements of the customer ( Philip Crosby ) 5- Conformance to the standers Total quality management: - is a management philosophy contain all activities in the organization that makes the organization achieve the expectation of the customer and organization and the society using efficient ways and optimum utilization of resources with motive of continual improvement Advantages of using total quality management 1- Improvement of competitive position in the org and increase the
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TOTAL PRODUCT CURVE: A curve that graphically represents the relation between total production by a firm in the short run and the quantity of a variable input added to a fixed input. When constructing this curve‚ it is assumed that total product changes from changes in the quantity of a variable input (like labor)‚ while other inputs (like capital) are fixed. This is one of three key product curves used in the analysis of short-run production. The other two are marginal product curve and average
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Total Quality Management Introduced in the 1950s and made more popular in the 1980s Total Quality Management is a very radical management style. A strong Total Quality Management plan relies on internal as well as external team building. A mistake to avoid before the implementation of a Total Quality Management strategy is an inaccurate analysis of the precondition and current state of an organization. Leadership styles and the organizations culture need to work well together. If they do not‚ this
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SURVEYING LEVELLING Levelling is the branch of surveying the object of which is : 1. To find the elevations of the given points with respect to a given or assumed datum‚ and 2. To establish points at a given elevations or at different elevations with respect to a given or assumed datum. The operation is required in the setting out of all kind of engineering works. levelling deals with measurements in a vertical plane. MEATHODS OF LEVELLING Three principal methods are used for determining
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References: Grella RJ (2008) Continuous passive motion following total knee arthroplasty: a useful adjunct to early mobilisation? Physical Therapy Reviews 2008 aug; 13(4): 269-79 Klein GR‚ Levine BR‚ Hozack WJ‚ Strauss EJ‚ D’Antonio JA‚ Macauley W‚ Di Cesare PE (2007) Return to athletic activity after total hip arthroplasty. The Journal of Arthroplasty‚ 22(2)‚ 2007 pp 171-175 McDonald S‚ Hetrick S‚ Green S (2004) Pre-operative education
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Total Compensation Strategy Total Compensation Strategy Managing Diversity Nationally and internationally‚ companies are facing the task of reassessing the balance between their own identity and the force of integration. Centralism often makes access to new markets and regions difficult. Distinctive local autonomies‚ on the other hand‚ endanger the overall organization and identity of the company. Connected with this is the question of whether a unified and global compensation policy should
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TOTAL QUALITY MANAGEMENT OBJECTIVES The key objective of this course is to acquaint the students with the conceptualization of Total Quality (TQ) from design assurance to processes’ assurance to service assurance. Additional objective is to give focus on Quality Management Systems (QMS) like 1SO-9001 and environment and safety systems (ISO-14001 and ISO 18001).The course would also aim to closely link management
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Total Soldier Concept The Total Soldier concept is what every soldier should stride to be‚ it is the the idea of acting as a professional soldier in every way at all times no matter the situation in which you find yourself. It is basing everything you do of the army values and going above and beyond what is asked of you‚ without being told to do so. The Total Soldier uses the army Values in both his army career and also when he is not at work recognizing that he is always an ambassador for the
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Quality Management for Organizational Excellence: Total Quality Pioneers In this paper‚ Philip Crosby will be discussed as one of the pioneers of total quality. Quality will be defined and also total quality will be discussed about how each contributed to Philip Crosby’s success. Additionally‚ it will be explained why quality is useful in today’s business environment. Quality and Total Quality Defined In today’s world the majority of consumers require their products and services have quality
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