Answer:
The economic impact of standardization of components of interchangeable parts is <u>quality guarantee, productivity boost, and improved personnel performance.</u>
Explanation:
Standardization of components means that all the activities in your firm have an established, time-tested process to use.
Standardization is the process of developing, promoting and possibly mandating standards-based and compatible technologies and processes within a given industry. Standards for technologies can mandate the quality and consistency of technologies and ensure their compatibility, inter-operable and safety.
standardization of components of interchangeable parts was an innovation that did not occur until the very end of the 18th century and when it finally took off, gave rise to quality control and assurance.
Answer: The answer is provided below
Explanation:
With overseas factories that continue to move to new locations with a lower labour costs, the monitoring and controlling working conditions becomes a challenge. Research has shown that companies do little to monitor human rights violations in the low-cost supply chain locations.
A scandal involving Apple was reported in 2014 at a manufacturing building in China. The building which was owned by Catcher Technology Co., manufactures metal iPad covers for iPhones. Some findings included hiring discrimination, locked safety exits, excessive work hours, and also unpaid overtime each month totalling about $290,000 in owed wages. The factory was reported to have been dumping its industrial fluids and waste into nearby rivers, and also not providing proper toxic equipment for the employees.
Human rights of these people saw n those area are being abused by having them exposed to pollution, which can lead to lung diseases.
Companies like Apple have said that they are continuing to monitor situations like this, and are fixing them, but we still hear cases of more wrongdoings, therefore you have to wonder how vital these issues truly are to the firms involved.
Answer:
The Break-even point in units will increase by 250 units.
Explanation:
Giving the following information:
Fixed costs= $25,000
Selling price= $55
Unitary varaible cost= $30
<u>First, we need to calculate the current break-even point in units:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 25,000 / 25
Break-even point in units= 1,000
<u>Now, the new Break-even point in units:</u>
Break-even point in units= 25,000 / (55 - 35)
Break-even point in units= 1,250
The Break-even point in units will increase by 250 units.
I would say the principal profession used in the fire sprinkler industry would be a fire protection engineering technician who can design sprinkler systems and would co-ordinate his/her work with a construction company that made multiple unit housing projects where such systems would be installed.
