All of the following statements about data mining are true EXCEPT
the process aspect means that data mining should be a one-step process to results.
<u>Explanation:</u>
When you are in a need to find the patterns in a data set which is very large, then the process called data mining can be used. The methods like machine learning, database and statistics are used in finding patterns. Data mining helps in getting some useful information from a large set of data.
Hence, with the method of data mining we can discover the patterns that exists in a given data set and that are not known already. It helps in obtaining some useful information that can be utilized in various business aspects. It does not involve single step in finding patterns in data set and the patterns that are discovered with this data mining will be true which is its noble aspect.
Answer: The answer is C. Inspection requires both product tear down and product reassembly.
Explanation: The aim of quality-control inspections is to ascertain whether a product has been made according to specifications, and whether there are any defects in the products.
Therefore quality-control inspections will involve product tear down, in order to check the component parts of a product for quality assurance, and product reassembly is carried out after the product tear down to reassemble the products if it is discovered that it meets quality standard.
Answer:
Following are the five pillars of sustainable change could be applied to sustain the learning organization environment of the company:
1) Leadership
2) Strategy
3) Culture
4) Structure
5) System
Explanation:
1) Leadership
Leadership provides the way forward for sustainable change i.e. they show the right direction to their employees . They will develop strategies to keep the momentum going within the learning environment that has now been created. Leadership will coach and mentor individuals, teams, and departments to keep the new systems in alignment and working well together.
2) Strategy
By strategizing means to get positioned itself as a market leader or more customer centric . In order to maintain the competitive edge, development of new learning organizational structure to make good use of all employee knowledge for changes in the market and especially for efficiencies and continuous improvements in operations.
3) Culture
Culture will include the attitude of open communication, a willingness to always be open minded, an encouragement for create thinking and sharing new ideas or conflict, and to support the value of lessons learned from mistakes. It will set the tone for the importance of working together toward a common goal, and will be dedicated to recognizing accomplishments to inspire innovation.
4) Structure
Deciding about the best organizational structure, say the flat one. This will allow employees to communicate freely, share knowledge in real time and work and problem solve cross-functionally. Since the company promotes culture that encourages creative thinking, the employees are confident their talents are being used at the highest capacity to support the company’s drive for continuous improvement.
5) System
As part of the change management project, reliance on new technologies and system is increasing, and using of expert and decision making system, stronger controls can be in placed which would be asset to the learning organization.
Answer: $67,600 and $2600
Explanation:
Total unit = 13,000
Defective unit cost = $5.20
Resale price = $3.00
Reworked = $5.00
Full price = $8.20
Opportunity cost
= Full price - replacement unit
= 8.20 - 5.20
= 3.00
= . Cost of reselling
= 13,000 × 3.00
= $39,000
1. Cost of defective units
= 13,000 × 5.20
= $67,600
2. Cost of reworked
= $5.00 × 13,000
= $65,000
3. Full price
= 13,000 × $8.20
= $106,600
B. Incremental income of selling the unit as scrap and reworked
Scarp = $67, 600
Reworked = $(106600 -39, 000- 65,000)
= $2600
