Business High School

An organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as:___.


a. Supplier Certification.


b. Supply Management.


c. Supplier Inspection.


d. Quality Systems Certification.

Answers

Answer 1

An organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as Supplier Certification.

Supplier Certification is a systematic approach that involves assessing and verifying the capabilities, processes, and quality management systems of suppliers to ensure they meet predetermined standards and requirements.

Through Supplier Certification, organizations aim to establish a trusted and reliable supplier base by evaluating factors such as supplier performance, product quality, compliance with regulations, and adherence to specified criteria. By certifying suppliers, organizations can have confidence in the quality of incoming materials and reduce the need for extensive incoming inspections, thereby streamlining the supply chain and enhancing overall efficiency and productivity.

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Related Questions

A 5. 00×105-kg subway train is brought to a stop from a speed of 0. 500 m/s in 0. 400 m by a large spring bumper at the end of its track. What is the force constant k of the spring?

Answers

To find the force constant of the spring, we can use Hooke's Law, which states that the force exerted by a spring is proportional to the displacement from its equilibrium position. The equation for Hooke's Law is:

F = -kx

where F is the force exerted by the spring, k is the force constant of the spring, and x is the displacement from the equilibrium position.

In this case, the train is brought to a stop by the spring bumper, so the force exerted by the spring is equal to the force required to stop the train. We can calculate the force using Newton's second law:

F = ma

where m is the mass of the train and a is the acceleration.

Given:

Mass of the train (m) = 5.00 × 10^5 kg

Initial velocity of the train (u) = 0.500 m/s

Final velocity of the train (v) = 0 m/s

Displacement (x) = 0.400 m

First, calculate the acceleration:

a = (v^2 - u^2) / (2x)

Substituting the given values:

a = (0 - (0.500)^2) / (2 * 0.400)

Next, calculate the force:

F = ma

Finally, equate the force to the force exerted by the spring and solve for k:

F = -kx

By comparing the magnitudes of the forces and substituting the calculated values, we can find the value of k.

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When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $720,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31.



Required:


a. Determine the price of the bonds at January 1, 2021.


b. Prepare the journal entry to record their issuance by Patey on January 1, 2021.

Answers

A. Therefore, the price of the bonds at January 1, 2021, is approximately $612,084.95.

B.The discount on bonds payable is calculated as the difference between the face value of the bonds and the price paid for them ($720,000 - $536,624.84 = $183,375.16).

The premium on bonds payable arises because the market yield is higher than the coupon rate, causing the bonds to be issued at a price lower than the face amount.

a. To determine the price of the bonds at January 1, 2021, we need to calculate the present value of the bond's future cash flows using the market yield rate of 11%.

Step 1: Calculate the periodic interest payment:

Interest payment = Face amount of the bond × Coupon rate

Interest payment = $720,000 × 10% = $72,000 (per year)

Interest payment per semiannual period = $72,000 / 2 = $36,000

Step 2: Calculate the present value of the bond's future cash flows:

PV = (Interest payment / (1 + Market yield rate/2)^n) + (Face amount / (1 + Market yield rate/2)^n)

PV = ($36,000 / (1 + 0.11/2)^8) + ($720,000 / (1 + 0.11/2)^8)

PV = $36,000 / (1.055)^8 + $720,000 / (1.055)^8

PV = $27,439.81 + $584,645.14

PV = $612,084.95

b. The journal entry to record the issuance of the bonds on January 1, 2021, would be:

Cash                   $536,624.84

Discount on bonds payable    $183,375.16

Bonds payable             $720,000

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Superheated steam is added to the turbines. What happens inside? Where does the steam go when it is cooled?

Answers

Inside the turbines, the superheated steam expands and passes through a series of turbine blades.

As the steam flows over the turbine blades, its high pressure and temperature energy is converted into mechanical energy. This mechanical energy is used to rotate the turbine shaft, which is connected to a generator, producing electricity.

After passing through the turbines, the steam exits the turbines at a lower pressure and temperature. It then enters a condenser, where it is cooled down and condensed back into water. The cooling process typically involves passing the steam through a system of tubes that are cooled by a flow of water. As the steam is cooled, it loses heat energy and undergoes a phase change from a gas (steam) to a liquid (water). The condensed water is collected and returned to the boiler, where it is reheated and converted back into steam to be used in the turbines again.

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The listing broker about to present an offer to a seller receives a message that the seller has died. Due to the seller's death, A) the purchase offer is terminated, but the listing agreement continues. B) both continue until there is no one left to perform. C) the listing agreement is terminated, but the purchase offer continues. D) both the listing agreement and the offer are terminated.

Answers

When the listing broker is about to present an offer to a seller, and receives a message that the seller has died, the correct option among the given options is D) both the listing agreement and the offer are terminated.

What happens to the listing agreement and the purchase offer if the seller dies before the contract is signed?

The listing agreement is a contract between the seller and the real estate agent that outlines the terms and conditions of the sale of the property.

It includes a clause that specifies what happens if the seller dies before the contract is signed. If the seller dies before the purchase offer is signed, the contract is considered null and void, and the buyer cannot purchase the property.

What happens if the seller dies after the contract is signed?

If the seller dies after the contract is signed, the buyer can still purchase the property as long as the contract is not terminated. The contract will be passed on to the executor of the seller's estate, who will be responsible for settling the estate and closing the sale.

If the seller dies before the closing of the transaction, the contract is still valid and enforceable. The contract will be passed on to the executor of the seller's estate, who will be responsible for settling the estate and closing the sale.

Hence, option d. is correct.

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