Finance Slide

Assessing the effects of productivity changes on current profits is one way to value productivity changes. Profits change from the base per...

Measuring productivity for all inputs at once is called total productivity measurement. In practice, it may not be necessary to measure the...

Productivity of a single input is typically measured by calculating the ratio of the outputto the input as follows:   Productivity ratio=...

A quality cost reporting system is essential if an organization is serious about improving and controlling quality costs. The first and sim...

Quality costs can also be classified as observable or hidden. Observable quality costs are those that are available from an organization’s ...

Quality-linked activities are those activities performed because poor quality may or does exist. The costs of performing these activities a...

Quality is often referred to as the “degree or grade of excellence”; thus, it is a relative measure of goodness. Defining quality as goodne...