Examlex
Bob's Bait Shop wants to calculate a division's return on investment.The profit from the division equals $10,000.The equity found in the division equals $ 50,000.This division has assets equal to $35,000.Calculate the return the division is generating.
Feedback Control
A process management technique where outputs are monitored and adjustments are made to maintain desired performance.
Total Quality Management (TQM)
A management strategy aimed at embedding awareness of quality in all organizational processes, seeking continuous improvement.
Pareto Analysis
A decision-making tool that uses the principle that 80% of effects come from 20% of causes to prioritize actions or problem-solving efforts.
Flow Chart
A graphical representation of a process or system showing the sequence of steps or operations using symbols and arrows.
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