Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Define three methods than could be utilized to exercise quality control and describe the advantages and disadvantages of all.
Methods comprise:
• Self-checking: Rapid, cheap and gives confidence people to take responsibility for their own work. Though, people frequently have trouble while spotting their own mistakes.
• Peer review: Relatively cheap and provides a ‘second pair of eyes’. Though people may be reluctant to criticise their colleagues or more eager to do same and the ‘peer’ are very similar to the author of the product to provide in fact objective view.
• Team leader or management review: Gives a coaching opportunity and permits the work to be examined by a different and possibly wider perspective. The manager may not be technically qualified to perform the review and extreme use of the ‘red pen’ can de-motivate staff; also the manager may grow to be a bottleneck in production.
• Walkthrough: Very methodical, as this involves a number of people examining the product by different perspectives. Nonetheless, this method is labour-intensive and thus expensive and committee reviews can be complicated to schedule where people have busy diaries.
• Fagan inspection: Mostly structured version of the walkthrough. Enormously thorough but also extremely costly and probably best used for very significant or critical deliverables.
• External review: Gives a very objective review but external reviewers may not be familiar adequate with the exact project and raise irrelevant comments.
In your own words, describe the meaning of average cost. You normally buy a crate of wine for $75. One crate has 6 bottles of wine. After a month, the store clerk informs you that
Explain the concept of scarcity, and the role it plays in decision making
How can the size of shadow economy estimated? The size of the shadow economy is estimated when activity is undeclared as the amount of informal activity can be calculated: a
What is mean by stabilization policy? Taming the Business Cycle: To decrease the severity of recessions policy efforts undertaken are termed as stabilization policy. a
Assume that there are two types of consumers (in equal numbers). They have the following two inverse demand functions (coming from zero-income effect demand functions): Type A : p
A transition economy is Moving from a planned to a mixed or free market economy.
compute the opportunity cost
Flexible exchange rate system: A country is linked to other countries through two broad channels: trade flows andfinancial flows. Trade flows pertain to movement of goods and
Problem: (a) Companies A and B differ only in their capital structure. A is financed by 30 percent debt and 70 percent equity; B is financed 10 percent debt and 90 percent eq
What are Rostowís assumptions? Assumptions of Rostowís: • Economic development procedure is universal which is all countries whether within Africa or Asia go by the same se
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd