Most likely to minimize expected fixing costs

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Reference no: EM132255195

1. Which of the following statements would be most likely to minimize expected fixing costs?

a. A machine should always be calibrated at the midpoint between the upper and lower spec limits.

b. A machine should be calibrated closer to the upper spec limit if the cost of fixing output that is too high is greater than the cost of fixing output that is too low.

c. A machine should be calibrated closer to the lower spec limit if the cost of fixing output that is too high is greater than the cost of fixing output that is too low.

2. In contrast to strategy? formulation, strategy implementation focuses more on which item? below?

A. Efficiency rather than effectiveness

B. Motivation skills rather than analytical skills

C. Leadership skills rather than intuitive skills

D. ?A, B, and C

E. B? & C

3. How will you make your decision about which company to study?

I will make the decision myself.

I will share the problem with the group and get their input individually.

I will share the problem with the group, get their input, and then make the final decision myself.

I will share the problem with the group and work with them to make the final decision as a group.

I will get all of the information I need from my teammates. I may not share the actual problem with them.

Reference no: EM132255195

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