Liberty University BUSI 411 Exam 2 Complete Solution

1. The Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine, which only dispenses $100 bills. She estimates that this machine dispenses an average of 12,500 bills per month, and that carrying a bill in inventory costs 10 percent of its value annually. She knows that each order for these bills costs $300 for clerical and armored car delivery costs, and that order lead time is six days. Assuming a 30-day month,...

1. Cause-and-effect diagrams are sometimes called: 2. Deciding how much to invest in the prevention of defects can be analyzed using: 3. The tool that is useful in the collection and organization of data is a: 4. Giving workers responsibility for quality improvements and authority to make changes is known as: 5. When an organization comes to the realization that there are quality problems in products that are already in service, ethical approaches include: 6. A quality analyst wan...