Analyst Questions

Economic costs add the opportunity costs of a firm using its own resources while accounting costs do not.

An example of quantitative data is counter which couts the number of people or objects, measurement of physical objects like place length or area, data projection like what value of increase in sales or decrease in production, etc...

The president is responsible for the executive branch of the government. The three branches of the government are :

1. Legislative

2. Executive

3. Judicial

The Norman invasion of England in 1066 is the historical event recorded by the Bayeux Tapestry.

A Bowling ball.

In business, outsourcing is an agreement in which one company contracts its own internal activity to different company. It involves the contracting out of a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to another party (see also business process outsourcing).

A company moves some of its jobs to another country and employing workers in other countries to save on labor costs best describes the practice of outsourcing.

The tropical grasslands of Africa are known as Savanna.

The primary goals of Six Sigma are to improve profits by eliminating variability, defects and waste that undermine customer loyalty i.e, increasing the customer satisfaction.

What is Six Sigma ?

Six Sigma is a systematic methodology that provides businesses with the tools to improve the capability of their business processes. This increase in performance and decrease in process variation leads to defect reduction and vast improvement in profits, employee morale and quality of product.

Key Elements of Six Sigma :

1. Strategy
2. Tactics
3. Culture.