6. What are principles of QMS? 7. What is the purpose of inventory in operations management?
8. What is the difference between horizontal and vertical integration?
9. What does scope of operation means?
10. What are forecasting model?
11. Why forecasting is importance for business success? Describe briefly.
12. What is SIPOC analysis?
13. Define briefly productivity and its types.
14. What are the types of capacity management? 15. Define the following terms a. Muda b. Mura c. Muri.

According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $