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Understanding Quality: Principles, Management, and TQM

Classified in Other subjects

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Understanding Quality

Quality is a subjective subject; it can be clustered into five quality points of view:

  1. Internal processes
  2. Business performance
  3. Product/service characteristics
  4. Customer perception
  5. Company strategy

Quality Planning – The process of identifying the quality standards relevant to the project and deciding how to meet them.

Quality Improvement – The purposeful change of a process to improve the confidence or reliability of the outcome.

Quality Control – The continuing effort to uphold a process’ integrity and reliability in achieving an outcome.

Quality Assurance – The systematic or the planned actions necessary to offer sufficient reliability that a particular service or product will meet the specified requirements.

What is Quality?

... Continue reading "Understanding Quality: Principles, Management, and TQM" »

Financial Accounting: Expense Methods, Assets, Depreciation, Inventory, Liabilities

Classified in Economy

Written on in English with a size of 4.02 KB

Nature of Expense vs. Cost of Sales Method

There are two primary methods for presenting expenses in financial statements:

  • Nature of Expense Method: This method presents gross output, such as revenue and changes in inventories generated during a period, along with the corresponding expenses. Expenses are categorized according to their nature (e.g., salaries, rent, utilities).
    • Advantages: Provides information on the nature of the costs required to run the business.
    • Disadvantages: Does not provide information on the costs incurred for specific activities like production or research and development.
  • Cost of Sales Method: This method presents the revenue generated in a period and the corresponding expenses for production, as well as expenses for other
... Continue reading "Financial Accounting: Expense Methods, Assets, Depreciation, Inventory, Liabilities" »

Business Ethics and Social Responsibility Key Terms

Classified in Philosophy and ethics

Written on in English with a size of 3.12 KB

Write your text here!

Key Concepts in Business Ethics

  1. Terminal values: Preferences about desired end states.
  2. Instrumental values: Preferences regarding the means to desired ends.
  3. Procedural justice: Concerned that policies and rules are fairly applied.
  4. Distributive justice: Concerned that people are treated the same regardless of personal characteristics.
  5. Interactional justice: The degree to which others are treated with dignity and respect.
  6. Cultural relativism: Suggests there is no one right way to behave; ethical behaviour is determined by its cultural context.
  7. Ethical dilemma: A situation that, although offering potential benefit or gain, may be considered unethical.
  8. Ethics training: Seeks to help people understand the ethical aspects of decision-
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Cultural Differences and Language Barriers: A Guide for Understanding

Classified in Teaching & Education

Written on in English with a size of 3.14 KB

Disgusting: asqueroso

On time: Puntual

Disapproving: estar en contra

Dressed: Vestido

Exchange: intercambiar

Emigrated: Emigrar(venir)

Akward: torpe

Migrated: imigrar (irse)

Adapt: Adatparse

Memorise: memorizar

Eating habits: habitos de alimentacion

Recall: recordad

Costumory: vestuario

Interactions: interacion

Cultural gap: Difference

Hospitality: Hospitaliozada

Hospitable: hospitalario

Shy: timido

Eye contact: contacto visual

Weary: cansado

Handshake: apreton de manos

Unfamiliar: Extraño

Hug: abrazo

Unpleseant: Desagradable

Personal space: espacio personal

Delayed: Retrasado

Uncomfortable: incomodo

Approached: Acercado

Get the point: Ir a el grano

Make it: Triunfar

Raw: crudo

Must admit: debes admitir

Etiquete: etiqueta

Lead the way: Guiar el camino

Shake hands: Darse la

... Continue reading "Cultural Differences and Language Barriers: A Guide for Understanding" »

Incoterms: FAS, FOB, CIP, CPT Explained

Classified in Economy

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Incoterms: FAS, FOB, CIP, and CPT

What kind of cargo is used for FAS? Why?

Containers are used for FAS because the goods are carried on board a ship.

Which are the two possible cases of delivery for FCA?

  • When the goods have been loaded on the transport designated by the buyer or by a person acting on its behalf.
  • When the goods are made available to the seller's carrier transport, without being discharged.

Allocation of Costs and Risk for FAS and FOB

The seller is required to deliver the goods alongside the actual ship on the pier. From that point forward, the buyer bears all costs (loading cost, freight, insurance) and risks. Under FAS terms, the buyer is required to clear the goods for export and pay the cost of loading the goods.

Why is it so important

... Continue reading "Incoterms: FAS, FOB, CIP, CPT Explained" »

Remedies for Breach of Contract: Rescission, Damages, Specific Performance

Classified in Law & Jurisprudence

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Remedies for Breach of Contract

The process of enforcing rights is known as the remedies for breach
of contract. Where there is a breach of contract, the injured party has one or
more of the following rights:

Rescission of the Contract

If one party has broken their contract, the other party may treat the
contract as rescinded and refuse further performance. They may also
successfully defend an action of non-performance or an action brought for
specific performance.

Suit for Damages

Ordinary Damages, Special Damages, Exemplary Damages, Nominal Damages

Quantum Meruit

If one party has broken their contract, the other party may treat the
contract as rescinded and refuse further performance. They may also
successfully defend an action of non-performance or an
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Understanding Free Consent and Contract Discharge

Classified in Law & Jurisprudence

Written on in English with a size of 3.27 KB

Free Consent

Free Consent, as defined in Section 13, occurs when "two or more persons agree upon the same thing and in the same sense."

For example, if A agrees to sell his car to B, but A intends to sell his Maruti while B believes he is buying A's Honda, there is no consent because they haven't agreed on the same thing in the same sense. Consequently, there is no contract.

Section 14 states that consent is considered free when it is not caused or affected by the following:

  • Coercion
  • Undue Influence
  • Fraud
  • Misrepresentation
  • Mistake

Coercion (Section 15)

Coercion involves using force or threats to compel a person to enter into a contract. The consent obtained under coercion is not free.

Undue Influence (Section 16)

Undue influence occurs when one party,... Continue reading "Understanding Free Consent and Contract Discharge" »

Legal Rules of Valid Offers and Capacity to Contract

Classified in Law & Jurisprudence

Written on in English with a size of 3.03 KB

Legal Rules as to Valid Offer

Essential Elements

  1. Communication: Offer must be communicated to the offeree.
  2. Certainty: The offer must be certain, definite, unambiguous, and not vague.
  3. Legal Relation: The offer must be capable of creating a legal relation.
  4. Expression: Offer may be express or implied.
  5. Completeness: Communication of the complete offer is necessary.
  6. Counter Offer: A counter-offer amounts to a rejection of the original offer.
  7. Cross Offer: Cross offers do not conclude a contract.
  8. Acceptance Burden: An offer must not thrust the burden of acceptance on the offeree.
  9. Invitation to Offer: Offer must be distinguished from an invitation to offer.
  10. Intention: The offeror should have the intention to obtain the consent of the offeree.
  11. Specificity: Offer
... Continue reading "Legal Rules of Valid Offers and Capacity to Contract" »

Effective Employee Screening and Selection Strategies

Classified in Psychology and Sociology

Written on in English with a size of 2.75 KB

Adverse Impact

Unintentional discrimination against a protected group.

Employee Screening

The process of reviewing information about job applicants to select individuals for jobs.

Clinical Approach

Subjectively combining sources of information based on the general impression of the hiring specialist.

Least Valid Employee Screening Test

Handwriting analysis.

Reliability and Validity

  • Reliability: Refers to the stability of a measure over time, or the consistency of the measure.
  • Validity: Refers to the accuracy of inferences or projections drawn from measurements.

Parallel Forms

A method of establishing the reliability of a measurement instrument by correlating scores on two different but equivalent versions of the same instrument.

Criterion-Related Validity

There... Continue reading "Effective Employee Screening and Selection Strategies" »

Understanding HVAC Duct Systems: Pressure, Airflow, and Components

Classified in Physics

Written on in English with a size of 3.36 KB

Fundamentals of HVAC Duct Systems

  • Pressure Measurement: Duct system pressure is measured in inches of water column (in. WC).
  • Blower Function: The blower creates pressure to force air through the duct system, conditioning equipment, and into the room.
  • Atmospheric Pressure: Standard atmospheric pressure is 14.696 psi.
  • Manometer Usage: A manometer measures air velocity pressure in a duct.
  • Airflow Measurement Tools: Anemometers or velometers are commonly used to measure airflow in air distribution systems.
  • Airflow Check: Airflow can be checked by feeling it 2-3 feet from a register.
  • Forced-Air vs. Natural-Draft: Forced-air systems use a blower, unlike natural-draft systems.
  • Duct Pressure Components: Duct pressure equals velocity pressure plus static pressure.
... Continue reading "Understanding HVAC Duct Systems: Pressure, Airflow, and Components" »