1. The 8% note should be reported as $18,518.52 and the 3% note should be reported as $14,790.11 on Helena's December 31 balance sheet.
2. Dara would recognize a total interest revenue of $4,000 on this note.
1. Calculation of Present Values for Helena Company:
For the 8% note from El Dorado Company due in nine months:
Present Value = $20,000 / (1 + 0.08/12)^(12*9/12) = $18,518.52
For the 3% note from Newcastle Company due in five years:
Present Value = $20,000 / (1 + 0.08)^5 = $14,790.11
Therefore, the 8% note should be reported as $18,518.52 and the 3% note should be reported as $14,790.11 on Helena's December 31 balance sheet.
2. Calculation of Total Interest Revenue for Dara:
To calculate the total interest revenue, we need to determine the interest payments for each year.
Principal amount: $10,000
Annual interest rate: 8%
Discount rate: 9%
Number of years: 5
Using the formula for calculating the equal annual year-end payments (annuity):
Interest Payment = Principal * Annual Interest Rate
Year 1:
Interest Payment = $10,000 * 8% = $800
Year 2:
Interest Payment = $10,000 * 8% = $800
Year 3:
Interest Payment = $10,000 * 8% = $800
Year 4:
Interest Payment = $10,000 * 8% = $800
Year 5:
Interest Payment = $10,000 * 8% = $800
Total Interest Revenue = $800 + $800 + $800 + $800 + $800 = $4,000
Therefore, Dara would recognize a total interest revenue of $4,000 on this note.
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a disadvantage of the residual income approach is that it
The major disadvantage of the residual income approach is that it cannot be used to compare the performance of divisions of different sizes.
The residual income approach is a method used to evaluate the performance of different divisions or segments within a company. It measures the division's profitability by comparing its actual income to the minimum required return on its assets. The difference between the actual income and the required return is called the residual income.
The major disadvantage of the residual income approach is that it cannot be used to compare the performance of divisions of different sizes. This is because the residual income is an absolute measure that does not take into account the size or scale of the division. Divisions of different sizes may have different levels of assets, revenues, and expenses, making it difficult to compare their performance using residual income alone.
However, the residual income approach can be used to compare the performance of divisions of the same sizes. Since divisions of the same sizes are likely to have similar levels of assets and resources, the residual income can provide a meaningful measure of their relative performance and profitability.
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The complete question is:
The major disadvantage of the residual income approach is
a. It can be used to compare the performance of divisions of the same sizes
b. It can be used to compare the performance of divisions of different sizes
c. It cannot be used to compare the performance of divisions of the same sizes
d. It cannot be used to compare the performance of divisions of different sizes
Jse the following to answer questions 20−22 AL Construction is in the process of closing its operations. It sold its 4-year-old Caterpillar 279C Compact Track Loader for $125,000. The loader originally cost $250,000 and had an estimated useful life of 7 years and an estimated residual value of $40,000. The company uses straight-line depreciation for all equipment. 20. $ Calculate the book value of the loader at the end of the 4 th year. 21. $ What was the gain or loss on the sale of the loader at the end of the 4th year; (if loss, put - in front of your answer). 22. Record the sale of the loader at the end of the 4 th year.
20. The book value of the loader at the end of the 4th year is $[Book Value].
21. The gain or loss on the sale of the loader at the end of the 4th year is $[Gain/Loss].
22. the equipment account is credited to remove it from the books since it has been sold.
20. The book value of the loader at the end of the 4th year is $[Book Value].
To calculate the book value, we need to determine the accumulated depreciation over the 4-year period. Since the equipment is depreciated using straight-line depreciation, we can divide the depreciable cost (original cost minus residual value) by the useful life.
The depreciable cost is $[Depreciable Cost], and the annual depreciation expense is $[Depreciation Expense].
Multiplying the annual depreciation expense by 4 gives us the accumulated depreciation of $[Accumulated Depreciation]. Subtracting the accumulated depreciation from the original cost gives us the book value of the loader at the end of the 4th year, which is $[Book Value].
21. The gain or loss on the sale of the loader at the end of the 4th year is $[Gain/Loss].
To determine the gain or loss, we compare the selling price of $125,000 with the book value of the loader.
If the selling price is higher than the book value, it results in a gain, and if it is lower, it results in a loss. The book value of the loader is $[Book Value], and subtracting it from the selling price gives us the gain or loss on the sale, which is $[Gain/Loss].
22. To record the sale of the loader at the end of the 4th year, the following journal entry is made:
[Date]
Debit: Cash (or Accounts Receivable) - $125,000
Debit: Accumulated Depreciation - $[Accumulated Depreciation]
Debit: Loss on Sale of Equipment (or Credit: Gain on Sale of Equipment) - $[Loss/Gain]
Credit: Equipment - $250,000
The cash (or accounts receivable) reflects the selling price, the accumulated depreciation is debited to remove the accumulated depreciation from the books, and the loss on sale of equipment (or gain if applicable) is recorded.
Finally, the equipment account is credited to remove it from the books since it has been sold.
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Flounder Corp. reported the following differences between SFP carrying amounts and tax bases at December 31,2019 : The differences between the carrying amounts and tax bases were expected to reverse a
Flounder Corp. identified differences between the carrying amounts and tax bases of its financial statement items as of December 31, 2019. These differences were expected to reverse, indicating that they were not permanent disparities.
Over time, the carrying amounts and tax bases would align. The differences were categorized into temporary and permanent distinctions.
Temporary differences occur when a transaction is recognized in one period for accounting purposes but will be recognized in another period for tax purposes. On the other hand, permanent differences arise when a transaction or event is recognized differently for tax and accounting purposes, or when it is recognized for tax purposes but not at all for accounting purposes.
Temporary differences arise due to the discrepancy in timing between when transactions are recorded for accounting and tax purposes. This timing difference results in varying carrying amounts and tax bases. Permanent differences, however, stem from transactions or events that are recognized differently for tax and accounting purposes, or when they are recognized for tax purposes but not considered in accounting.
Examples of permanent differences include tax-exempt interest income and non-deductible penalties and fines.
In summary, differences between carrying amounts and tax bases are classified as either temporary or permanent. Temporary differences arise from timing disparities in transaction recognition, while permanent differences result from variations in recognition for tax and accounting purposes, or when certain items are not recognized in accounting.
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employees join unions for the following reasons except ________.
Employees join unions for various reasons such as to improve their wages, to obtain better benefits, job security, improved working conditions, and to achieve greater job satisfaction.
However, there are also some reasons that people do not join unions. The reason for this is the person's perception of what a union can offer, their personal beliefs, their situation, or their company's policies. The following are reasons why employees join unions:
Better wages. One of the most compelling reasons employees join a union is to secure higher wages. Unions often negotiate with employers on behalf of their members for better pay rates.
Improved working conditions. Unions also advocate for safer and healthier working conditions for their members. They work with employers to establish guidelines for safety, security, and the environment.
Greater job security. Unions also play a role in protecting members' jobs. When employers want to make changes or reduce staff, they must negotiate with the union first. Better benefits. Unions may also negotiate better health care coverage, retirement plans, vacation and holiday time, and other benefits for their members.
Job satisfaction When workers feel they have a voice in the workplace, they tend to be more satisfied with their jobs and take greater pride in their work.
However, employees do not join unions for the following reasons: Feeling that union dues are too high and can offset the benefits of union membership. Lack of understanding of what the union can offer them. Belief that the union cannot help them, or the union is powerless
Employees join unions for various reasons such as better wages, improved working conditions, greater job security, better benefits, and job satisfaction. However, the reason for not joining a union can be personal beliefs, perception of what a union can offer, company policies, or their situation.
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Company: XYL Valuation
This is the section where you discuss valuation results.
You should use a minimum of 3 methods; you must use at least 1 relative valuation method and 1 absolute method. See text and notes for various methods available.
These methods must be clearly labeled.
For Absolute method; DDM and/or DCF
DDM: acceptable (for B grade level for this section)
Must be multi-stage; forecast 4 years, then from terminal year, assume a reasonable terminal CF as discussed in class (in the text of your written report, you can discuss whether this is a valid terminal point or not). For details, see lecture notes on multi-stage DDM/DCF, and stock report spreadsheet template.
For "interim g" over first 4 years, use one of the non-historical methods for estimating g. Explain here how you did that, and this must match what you do in the spreadsheet.
DCF: required for a possible A grade on this section. As with DDM, must be multi-stage etc as discussed above. Forecast cash flows should be shown in a table in the appendix along with the growth rates.
For both:
for the Risk-Free rate, use a constant 1%
for the Market return, use the S&P500, average of monthly returns for July 2017 to June 2022 (for those with a NZ stock, use the NZX50 over same period).
For terminal growth, use 2%
Final Recommendation: For each method, you will have an estimated target price. From the 3 (or more) methods you use, make a judgement call on what the final target price should be. This will generally be a weighting, where you place the most weight on the method you deem most ‘correct’, and least weighting on a method you feel has problems . If you do this (recommended), include a small table showing your weights.
Risks to the Final Recommendation: Your target price are probably most sensitive to some specific assumptions. Describe those here. This is not the place for firm risks, which comes later.
This section should conclude with the same information at the top of page 1 – Target Price, Current Price, and Recommendation.
The valuation of XYL involves the use of at least three methods, including one relative valuation method and one absolute valuation method. The absolute valuation method includes the Dividend Discount Model (DDM) and Discounted Cash Flow (DCF) analysis, while the relative valuation method could involve metrics like Price-to-Earnings (PE), Price-to-Book (P/B), or Price-to-EBITDA (P/EBITDA) ratios. The target price will be determined by considering the results from all the methods used, with a weighting assigned to each method based on its perceived accuracy and reliability.
To value XYL, we will employ a combination of absolute and relative valuation methods. For the absolute valuation method, we will utilize the Dividend Discount Model (DDM) and Discounted Cash Flow (DCF) analysis. The DDM will be multi-stage, forecasting cash flows for four years and assuming a reasonable terminal cash flow beyond that period. To estimate the interim growth rate (g) over the first four years, we will use a non-historical method, which will be explained in the written report and matched in the spreadsheet. The DCF analysis will also be multi-stage, following the same principles as the DDM. Cash flows and growth rates will be presented in a table in the appendix. The Risk-Free rate will be set at a constant 1%, while the Market return will be based on the average of monthly returns for the S&P 500 index from July 2017 to June 2022. To determine the final target price, we will consider the estimated target prices obtained from all the methods used. A judgment call will be made by assigning weights to each method based on their perceived correctness and reliability. This weighting will reflect the level of confidence placed on each method. Additionally, the risks to the final recommendation will be discussed, focusing on specific assumptions that significantly impact the target price determination. This section will conclude with the target price, current price, and recommendation, reiterating the valuation results provided at the beginning of the report.
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At February 1, CoCo Company reported owner's equity of $65,000. During February, no additional investments were made and the compay $20,000 If owner's equity at February 28 totals $80,000, what amount of owner drawings were made during the month? (Please make sure to include a dollar sign and applicable commas in your answer)
To calculate the amount of owner drawings made during the month, we need to consider the changes in owner's equity from February 1 to February 28.
Owner's Equity at February 1: $65,000
Owner's Equity at February 28: $80,000
The change in owner's equity during the month is given by:
Change in Owner's Equity = Owner's Equity at February 28 - Owner's Equity at February 1
Change in Owner's Equity = $80,000 - $65,000
Change in Owner's Equity = $15,000
The change in owner's equity represents the net effect of various transactions during the month, including investments and owner drawings. Since no additional investments were made during February, the entire change in owner's equity of $15,000 can be attributed to owner drawings.
Therefore, the amount of owner drawings made during the month is $15,000.
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17. Interstate Coffee Brokers, Inc. (CBI), offers to sell Java Roasters, Inc., fifty bags of coffee beans. Javarejects the offer. The offer is a. Valid for the period of time prescribed by a state statute. b. Valid for a reasonable time to give avaa second chance. c Valid until IB revokesthe offer. d. Terminated.
The correct answer is option (d). The offer is terminated. When Java Roasters, Inc. rejects the offer by Interstate Coffee Brokers, Inc. (CBI), it terminates the offer.
Interstate Coffee Brokers, Inc. (CBI), offers to sell Java Roasters, Inc., fifty bags of coffee beans. The offer is terminated when Java rejects it. Therefore, the correct option is option (d) which is “terminated”.
An offer can be terminated by the following:
Rejection by offeree - when the offeree rejects the offer, the offer is terminated. This means that the offer has no more force and cannot be accepted by the offeree.
Expiration of time - the offer must be accepted within the stipulated time frame if any; otherwise, the offer will expire and cannot be accepted.
Revocation - the offeror can revoke the offer before the offeree accepts it.
Death or insanity of either party - if either party dies or becomes insane, the offer is terminated.
A counteroffer - when the offeree makes a counteroffer, the offer is terminated. The counteroffer means that the offeree is not accepting the offer but is making another offer to the offeror.
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ordinarily, the predecessor auditor permits the successor auditor to review the predecessor's working paper analyses relating to.....
Ordinarily, the predecessor auditor permits the successor auditor to review the predecessor's working paper analyses relating to the balance sheet and income statement balances and disclosures of the financial statements, as per Generally Accepted Auditing Standards (GAAS).
What is Generally Accepted Auditing Standards (GAAS)? GAAS stands for Generally Accepted Auditing Standards, which are a collection of guidelines used by auditors to conduct audits on companies' financial statements in a consistent manner.
These guidelines are set by the American Institute of Certified Public Accountants (AICPA) and the Public Company Accounting Oversight Board (PCAOB). GAAS provides a comprehensive framework for conducting financial statement audits. This structure includes the auditor's responsibilities, the performance standards they must follow, and the reporting requirements.
It sets out the criteria for the qualifications and independence of the auditor, the scope of the audit, the procedures that the auditor should follow, and the standards for reporting the results of the audit.
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When determining relevant cash flows for making an investment decision, these include explicit and implicit costs. For example, in deciding whether to attend college an cost is the cost of tuition and
When determining relevant cash flows for making an investment decision, it is important to consider both explicit and implicit costs.
Explicit costs are the actual out-of-pocket expenses that need to be paid for a particular investment. For example, in the context of attending college, the explicit cost would be the tuition fees that the student needs to pay.
On the other hand, implicit costs refer to the opportunity costs associated with an investment decision. These costs are not directly monetary but represent the benefits that are forgone by choosing one investment option over another. In the case of attending college, the implicit cost could be the income that the student could have earned if they had chosen to work instead of going to college.
To determine the relevant cash flows, you need to consider both the explicit and implicit costs associated with the investment decision. This means evaluating the financial impact of the explicit costs, such as tuition fees, as well as the opportunity costs of the implicit costs, such as foregone income.
In summary, when making an investment decision like attending college, relevant cash flows include both explicit costs (such as tuition fees) and implicit costs (such as foregone income). By considering both types of costs, you can get a comprehensive understanding of the financial implications of the investment decision.
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Question A1
Darden Restaurants imports millions of pounds of seafood annually. The firm achieves this
via a complex outsourced network of vendors extending to 40 countries. Darden strives to "source
the best suppliers globally" by examining import data and even using its existing network of vendors
for referrals. After interest is established, Darden conducts a plant visit to determine the quality of
the facilities. If the supplier becomes part of the network, Darden trains the supplier on how to
comply with Darden’s "cold chain" requirements, including the use of proper containers, gel packs,
and temperature monitors. Darden seeks durable long-term relationships with suppliers, not
necessarily choosing based on lowest cost.
Darden’s standards are higher than most U.S. government standards, and it rejects certain
shipments that the government would not, based on things like poor color and misshaped product,
or anything that might suggest that something in the integrity of the cold chain might have been
compromised. Why does Darden outsource its seafood? A primary reason is that many countries
will not even grant fishing licenses to non-native fishermen. Furthermore, Darden is not in the
seafood production business—it is in the restaurant business. But due to its massive scale, Darden
can work directly with suppliers instead of middlemen, allowing the company to remove one layer of
cost from the supply chain and in turn invest time and resources into ensuring the highest quality
product possible.
Based on above case study/article, answer all of the following questions:
a) If Darden decision to outsources the seafood supplies globally, Discuss FIVE (5) items to
consider before going to global.
(20 marks)
b) Identify THREE (3) reasons for Darden decision going to global.
(5 marks)
(a) There are several factors that Darden should consider before deciding to outsource seafood supplies globally, some of which are mentioned below:
Quality standards: When outsourcing seafood globally, quality is one of the most important factors to consider.
Darden Restaurants should ensure that their suppliers meet or exceed its standards for quality. Cost: One of the primary reasons Darden Restaurants outsource seafood is to reduce costs. Darden should therefore consider suppliers that can provide seafood at a lower cost without compromising quality. Transportation and logistics: Seafood is highly perishable and requires special handling to maintain its freshness. As a result, Darden should choose suppliers that have an effective transportation and logistics network to ensure that seafood is delivered on time and in good condition. Security: Darden Restaurants should choose suppliers that are secure and reliable, to avoid the risk of fraud and other issues that could arise from dealing with unreliable suppliers. It should also consider suppliers that have good relationships with government agencies and other authorities. Regulatory requirements: Since Darden Restaurants operates in more than 100 countries, it should be aware of the regulatory requirements for each country it does business in.
(b) There are various reasons why Darden Restaurants has decided to outsource seafood globally, some of which are highlighted below:
To source the best suppliers: Darden Restaurants believes that it can obtain the best seafood supplies by sourcing from around the world. By sourcing globally, Darden can obtain seafood that is not available in the United States, and it can choose from a wider range of suppliers. To reduce costs: Darden Restaurants can take advantage of lower labor and production costs in other countries to reduce the cost of seafood supplies. To improve quality: Darden Restaurants believes that by sourcing seafood globally, it can improve the quality of its seafood supplies. By working with suppliers who are experts in their fields, Darden can ensure that it is obtaining high-quality seafood that meets its standards for freshness and taste.
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Explain what would happen to WACC, and company risk, if
a company has no debt or
preference
shares in its
capital structure. (2 marks)
If a company has no debt or preference shares in its capital structure, both the Weighted Average Cost of Capital (WACC) and the company's risk would decrease.
What is the impact of having no debt or preference shares on WACC and company risk?When a company has no debt or preference shares, it means that its capital structure consists only of equity. This implies that the cost of equity becomes the only component of WACC. Since the company has no debt, there are no interest payments to be made, resulting in a lower WACC.
WACC is calculated by taking a weighted average of the cost of debt and the cost of equity. Without debt, the weight assigned to the cost of equity increases, leading to a lower overall WACC.
Moreover, the absence of debt or preference shares reduces the financial risk of the company. Debt introduces financial obligations, such as interest payments and potential bankruptcy risk. Preference shares also have fixed dividend obligations. By eliminating these obligations, the company's overall risk decreases.
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Scenario:
You are the operational manager of Everest Trekking Company. You are developing the company WHS manual and procedure to be compliant and ensure you can insure the company against litigation and provide the best service and protection to your clients.
"Better to die than be a coward"
The topics you need to describe are:
Personal Care
Medical
Insurance
Communication
Food and Accommodation
Substance and supplies
Emergency Procedure
Transport
Permits
The operational manager of Everest Trekking Company, to ensure that the company is compliant and can ensure itself against litigation and provide clients with the best service and protection, is developing the company WHS manual and procedure. The topics that need to be described in the manual and procedure include Personal Care, Medical, Insurance, Communication, Food and Accommodation, Substance and supplies, Emergency Procedure, Transport, and Permits.
Below is an outline of each of these topics:
Personal Care: Every trekker must maintain personal hygiene while on the trek. They must follow the guidelines of the company. Toilets should be located at a safe distance from any water source, and all waste must be carried out of the trekking area. Cleaning of the trekking equipment and clothing must be done regularly.
Medical: First aid kits must be carried by all trekkers and guides. A basic kit should include painkillers, antihistamines, sterile dressings, and any medication that individual trekkers require. In case of a medical emergency, a helicopter must be summoned. Oxygen and pressure bags are also carried. For minor illnesses, herbal remedies are available.
Insurance: All trekkers must have adequate insurance for the trek. The company must make sure that insurance coverage is adequate for trekking in high-altitude areas.
Communication: Satellite phones should be carried out to provide communication. The trek leaders should be aware of weather conditions to prevent any danger to trekkers.
Food and Accommodation: The company should arrange hygienic food and accommodation for trekkers. Water used for cooking must be boiled before use.
Substance and supplies: The trekking company should be careful about the substances and supplies they use. They must make sure that all waste material is carried out.
Emergency Procedure: The company must make sure that there is a clear emergency procedure in case of an emergency. The procedure should include instructions for calling a helicopter and providing first aid.
Transport: The company must make sure that transport arrangements are made in advance. The company should also make sure that the vehicles used are in good condition.
Permits: The company should obtain all necessary permits required for trekking. The company must also ensure that all trekkers have their permits before starting their trek.
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Nearly one in ___ people among the world will develop schizophrenia
Nearly one in hundred people among the world will develop schizophrenia. Schizophrenia is a type of psychotic disorder that affects a person’s perception, emotions, and behaviors. The cause of schizophrenia is not well understood but it is believed to be due to a combination of genetic, environmental, and brain chemistry factors.
According to the World Health Organization (WHO), schizophrenia is one of the top 10 leading causes of disability worldwide. It is estimated that around 20 million people worldwide have schizophrenia. This means that nearly one in every hundred people in the world will develop schizophrenia at some point in their life. The symptoms of schizophrenia can be quite distressing and can include hallucinations, delusions, disorganized speech and behavior, and a lack of motivation and interest in daily activities. Treatment for schizophrenia usually involves a combination of medication, psychotherapy, and support from family and friends. With proper treatment and support, people with schizophrenia can manage their symptoms and lead fulfilling lives.
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Strategic Management
The world-wide beer industry is consolidating. How do you react to brands you know being bought and sold? Simultaneously the Craft Beer industry is expanding. How do you compare the pricing power of Craft Beer?
In response to the consolidation of the beer industry globally, the reaction of the buyers depends on the brand that has been bought or sold.
Some buyers feel excited about the prospect of a better product or service, while others may be skeptical about the future of the brand. It's critical to look at the underlying reason for the acquisition or sale of a brand. Buyers should analyze if the sale is due to a failing business model, financial issues, or a merger or acquisition of strategic importance. In the case of mergers and acquisitions, it is often beneficial for the brand to be bought out by a larger corporation because they have the financial resources and market penetration to increase the brand's reach.
Furthermore, in comparison, the pricing power of craft beer is higher than that of other types of beer. This is because craft beer is typically of higher quality and has a more niche target audience. Therefore, the consumer base of craft beer is willing to pay a premium price for the unique flavors, ingredients, and overall experience. As a result, the craft beer industry has experienced significant growth in recent years.
Consolidation is one of the most significant trends in the beer industry worldwide. The consolidation of the beer industry is due to mergers and acquisitions that are occurring in the industry at an unprecedented rate. Beer industry players are taking advantage of the consolidation wave, with leading brewers making large acquisitions or mergers with smaller players. When it comes to beer brands being bought and sold, buyers need to react appropriately by taking into account the reasons behind the sale or acquisition of the brand.
Craft beer pricing is determined by the niche target audience and the unique flavors and ingredients. Therefore, the craft beer industry has a higher pricing power than other beer types. The craft beer industry has experienced significant growth in recent years, which is a reflection of its premium pricing strategy and the willingness of its customer base to pay for the high-quality product.
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What is the relationship between the Voice of the Process (VoP)
and for the Voice of the Customer (VoC) in regards to managing
variation?
The relationship between the Voice of the Process (VoP) and the Voice of the Customer (VoC) regarding managing variation is that Voice of the Process is used to manage variation after the Voice of the Customer has determined what is crucial to the customer.
Voice of the Process (VoP) and Voice of the Customer (VoC) are two essential tools utilized in Six Sigma, Total Quality Management (TQM), and other quality management programs. The Voice of the Customer is a tool that allows firms to gather input from consumers, whereas the Voice of the Process is a tool that allows businesses to comprehend how efficiently their processes are functioning.
Relationship between the Voice of the Process (VoP) and the Voice of the Customer (VoC):The Voice of the Customer establishes what is essential to the customer, and the Voice of the Process is then used to manage variation in those areas of concern.
VoC defines the requirements of the customer, and the VoP is used to ensure that the process satisfies those requirements and is operating correctly. As a result, VoC determines the customer's requirements, while VoP manages variation to satisfy those needs.
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A Supplier to a Manufacturing company is going to use Scrum to develop a system. The Manufacturing company has laid out 245 functional requirements and 19 external interface requirements. The supplier has estimated a peak staff of 14 people for the project. Use the agile cost and schedule models to estimate the effort, schedule, average staffing, and average monthly burn rate using a labor rate of $10,000 per person-month.
A Supplier is planning to implement Scrum for developing a system for a Manufacturing company.
The supplier intends to implement Scrum for system development in a Manufacturing company. Scrum is an agile framework that promotes iterative development, collaboration, and adaptability in project management. The Manufacturing company has defined 245 functional requirements and 19 external interface requirements. The supplier anticipates a peak staff of 14 individuals for the project. By employing agile cost and schedule models and assuming a labor rate of $10,000 per person-month, the effort, schedule, average staffing, and average monthly burn rate can be estimated.
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Read the article titled "The secrets of great teamwork" by Martine Haas and Mark Mortensen. Think of a team you’re in right now. It could be a team at work, a team for a class project, a student organization team, a team for a hobby or volunteer organization (e.g., sports, interest groups, charity, etc.), or any team with a purpose. If you can’t think of one you’re in right now, think of one from your past (as recent as possible).
Effective communication plays a crucial role in the success of a work team. It allows team members to share information, ideas, and feedback, fostering collaboration and cohesion.
How does effective communication contribute to the success of a work team?Clear and open communication ensures that everyone understands their roles and responsibilities, minimizes misunderstandings, and promotes a sense of trust and transparency within the team.
When team members communicate effectively, they can align their efforts, coordinate tasks, and work towards common goals. They can exchange knowledge and expertise, facilitating problem-solving and innovation. Additionally, effective communication helps in resolving conflicts constructively, as team members can address issues openly and seek mutually agreeable solutions.
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Negative network effects can happen in through: Select one or more:
a. network congestion (increased usage)
b. network pollution (increased size)
c. Bad actors
Negative network effects can happen in through: network congestion (increased usage), network pollution (increased size), and Bad actors.A negative network effect occurs when a product or service's value decreases as more people use it.
As more people use a product or service, its capacity to provide value decreases, resulting in a decrease in the overall value of the network or platform.
As a result, the concept of the network effect can also be interpreted as a double-edged sword that can sometimes harm firms and businesses.
There are many types of negative network effects that can affect businesses and services. One of the most common ways negative network effects arise is through network congestion.
As more people use a network, the probability of congestion increases.
As a result, the response time increases, and the network's performance slows down. This, in turn, leads to a decrease in the quality of services provided by the network.
Network pollution, on the other hand, happens when a network becomes overcrowded and filled with low-quality or fraudulent content.
This often occurs when the network is not properly managed, and users are not moderated.
As a result, the network's value decreases, and users lose confidence in it.
This, in turn, can lead to a decrease in the number of users, which further decreases the network's value.
Finally, bad actors, such as hackers and scammers, can also lead to negative network effects. Such actors often exploit the network's vulnerabilities to obtain unauthorized access to information, disrupt services, or commit fraud.
This can lead to significant losses for businesses and consumers alike.In conclusion, negative network effects can occur in various ways, including network congestion, network pollution, and bad actors.
These effects can harm businesses and services, and it's important to take measures to prevent them from occurring.
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Strong brands like Air Jordan have to evolve over time to stay relevant. They can also charge premium prices without losing too many customers. True False
The given statement "Strong brands like Air Jordan have to evolve over time to stay relevant. They can also charge premium prices without losing too many customers" is True.
Strong brands like Air Jordan need to evolve over time to stay relevant in a constantly changing market. Consumer preferences, trends, and competition evolve, and brands must adapt to these changes to maintain their appeal. By evolving, brands can continue to meet the changing needs and desires of their target audience.
Additionally, strong brands often have a loyal customer base that associates the brand with certain values, quality, and status. This brand equity allows them to charge premium prices without losing too many customers. Customers who are loyal to a brand are often willing to pay higher prices because they perceive the brand as offering superior value and quality compared to other alternatives.
However, it is important for brands to carefully balance their premium pricing strategy. Charging excessively high prices can alienate price-sensitive customers and open opportunities for competitors. Brands must continuously monitor market dynamics, consumer behavior, and competitor actions to strike the right balance between premium pricing and maintaining a competitive edge.
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A company has reviewed its historical sales and receivables and determined that on average, 52 percent of sales are collected in the month of sale, 44 percent are collected in the month following the month of sale, 3 percent are collected in the second month following the month of sale, and the remaining sales are never collected. Monthly sales for the next 6 months are projected at $5,800, $6,200, $7,400, $6,100, $5,900, and $5,500, respectively. How much will the firm collect in month 5?
The firm will collect $1,682 in month 5. The sales and receivables of a company are reviewed and it is determined that on average, 52% of sales are collected in the month of sale.
44% are collected in the month following the month of sale, 3% are collected in the second month following the month of sale, and the remaining sales are never collected. The monthly sales for the next six months are projected at $5,800, $6,200, $7,400, $6,100, $5,900, and $5,500 respectively. We are required to determine the amount the company will collect in month 5. Here's how to do that:The total sales projected for the six months is: Total Sales = $5,800 + $6,200 + $7,400 + $6,100 + $5,900 + $5,500 = $37,900The percentage of sales to be collected in each month is:52% collected in the month of sale, which is month 1;44% collected in the month following the month of sale, which is month 2;3% collected in the second month following the month of sale, which is month 3;Sales not collected are the remainder which is 1 - (0.52 + 0.44 + 0.03) = 1 - 0.99 = 0.01. We will never collect 0.01 of the total sales amount.The collections for each of the six months are: Month 1 Collection: 0.52 × $5,800 = $3,016Month 2 Collection: 0.44 × $6,200 = $2,728Month 3 Collection: 0.03 × $7,400 = $222Month 4 Collection: Sales in month 1 + Sales in month 2 + Sales in month 3 that are yet to be collected = $5,800 + $6,200 + 0.52 × $7,400 - $3,016 - $2,728 - $222 = $2,466Month 5 Collection: Sales in month 2 + Sales in month 3 + Sales in month 4 that are yet to be collected = $6,200 + 0.44 × $7,400 + 0.52 × $6,100 - $2,728 - $222 - $2,466 = $1,682Month 6 Collection: Sales in month 3 + Sales in month 4 + Sales in month 5 that are yet to be collected = 0.03 × $6,100 + 0.44 × $5,900 + 0.52 × $5,500 - $222 - $1,682 = $1,120The firm will collect $1,682 in month 5.
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Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 53,900 units will be produced with the following total costs: Next year, Bob's Bistro expects to purchase $121,000 of direct materials. Projected beginning and ending inventories for direct materials and wark in process are as follows: Next year, Bob's Bistro expects to produce 53,900 units and sell 53,200 units at a price of $17.00 each. Beginning inventory of finished goods is $47,500, and ending inventory of finished goods is expected to be $39,000. Total selling expense is projected at $23,000, and total administrative expense is projected at $126,000; Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, 88349 would be rounded to 8835 and entered as 88.35. Bob's Bistro Next year, Bob's Bistro expects to produce 53,900 units and seil 53,200 units at a price of $17.00 each. Beginning inventory of finished goods is $47,500, and ending inventery of finished goods is expected to be $39,000. Total selling expense is projected at $23,000, and totat administrative expense is projected at $126,000. Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, s8349 would be rounded to, 8835 and entered as B8.35.
Income statement is 31, 2023:
Revenue (income): $902,400Cost of goods sold (Expense): $1,047,000Selling expense (Expense): ($23,000)Administrative (Expense): ($126,000)Net income: (Income): $753,400COGS = (BI) + (CGM) - (EI)
CGM = (TMC) Total manufacturing costs / (UP) Units produced
CGM = $363,000 / 53,900
Direct materials = 0 + $121,000 - $0
Direct materials = $121,000
COGS = $47,500 + ($363,000 / 53,900 × 53,200) - $39,000
COGS = $1,047,000
Gross profit = Revenue - COGS
Gross profit = $902,400
Net income = Gross profit - Selling expense - Administrative expense Net income = $753,400
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Prepare a business plan for an automobile sector
The business plan should include all the elements of the business plan, specifically:
Productionmethod
SWOT Analysis
Undertake a market analysis of any country for automobile sector.
Business Plan for an Automobile Sector needs to summarize the key points of the business plan and emphasize the potential for success in the automobile sector. Highlight the business's competitive advantages and future growth prospects.
Executive Summary:
The executive summary provides an overview of the business plan, highlighting key points and the overall vision for the automobile sector business.
Company Description:
This section provides a detailed description of the company, including its mission, vision, and values. It outlines the legal structure, location, and facilities of the business.
Product and Services:
Describe the products and services offered in the automobile sector. This includes the types of vehicles produced, any additional services such as maintenance and repairs, and any unique features or innovations.
Market Analysis:
Undertake a comprehensive market analysis for the automobile sector, focusing on a specific country. This analysis should include:
a. Market Size and Trends: Determine the size of the automobile market in the selected country and analyze the current trends, such as electric vehicles, autonomous driving, and shared mobility.
b. Competitor Analysis: Identify major competitors in the market, their market share, strengths, weaknesses, and strategies. Evaluate their product offerings and pricing strategies.
c. Customer Analysis: Identify the target customer segments for the business and understand their preferences, needs, and buying behavior. Determine how the business can meet these customer requirements effectively.
SWOT Analysis:
Conduct a SWOT analysis to evaluate the strengths, weaknesses, opportunities, and threats for the automobile sector business.
a. Strengths: Identify internal factors that give the business a competitive advantage, such as advanced technology, skilled workforce, or strong brand reputation.
b. Weaknesses: Identify internal factors that could hinder the business's success, such as limited production capacity, lack of market presence, or dependency on specific suppliers.
c. Opportunities: Identify external factors in the market that can be leveraged for growth, such as increasing demand for eco-friendly vehicles, government incentives, or emerging markets.
d. Threats: Identify external factors that pose risks to the business, such as intense competition, economic downturns, or regulatory changes.
Marketing and Sales Strategy:
Outline the marketing and sales strategies to promote the automobile products and services. This includes target marketing, pricing strategy, distribution channels, and promotional activities. Highlight how the business will differentiate itself from competitors and build brand awareness.
Operations and Production Method:
Describe the operations and production method for the automobile sector business. This includes the manufacturing process, sourcing of raw materials, quality control measures, and production capacity. Discuss any strategic partnerships or outsourcing arrangements to optimize production efficiency.
Financial Projections:
Present a comprehensive financial forecast for the business, including income statements, balance sheets, and cash flow projections. Include assumptions made for revenue growth, cost structure, and funding requirements. Analyze the break-even point, return on investment, and expected profitability.
Management and Organization:
Provide an overview of the management team, their qualifications, and relevant experience. Outline the organizational structure and key roles within the business. Discuss the human resource strategy for attracting, developing, and retaining talent.
Risk Management:
Identify potential risks and challenges that the business may face and propose risk mitigation strategies. This may include market volatility, supply chain disruptions, regulatory changes, or changes in consumer preferences.
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Stock Y has a current price of £62.50. You believe that it will pay a dividend of £5 per share in one year and that dividends will grow at a nominal rate of 2% thereafter. What is the required return on the stock?
The required return on the stock is the rate of return that an investor expects to earn in order to justify investing in the stock. It is also referred to as the discount rate or the cost of equity.
To calculate the required return on the stock, we can use the dividend discount model (DDM). The DDM assumes that the value of a stock is equal to the present value of its future dividends.
In this case, the dividend in one year is £5 per share and dividends are expected to grow at a nominal rate of 2% per year. We need to determine the rate of return that equates the present value of these future dividends with the current price of the stock.
The formula for the DDM is:
Current Price = Dividend / (Required Return - Dividend Growth Rate)
We can rearrange this formula to solve for the required return:
Required Return = Dividend / (Current Price - Dividend Growth Rate)
Plugging in the values from the question:
Dividend = £5
Current Price = £62.50
Dividend Growth Rate = 2%
Required Return = £5 / (£62.50 - 2%)
Calculating the required return:
Required Return = £5 / £60.50 = 0.0826 or 8.26%
Therefore, the required return on the stock is 8.26%.
This means that in order for an investor to be compensated for the risk of investing in this stock, they would require an annual return of at least 8.26%. If the expected return on the stock is lower than the required return, it may not be an attractive investment.
It's important to note that the required return is subjective and varies based on individual investor preferences, risk tolerance, and market conditions. Different investors may have different required returns for the same stock based on their own analysis and assessment of the stock's risk and potential return.
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You've observed the following returns on Pine Computer's stock over the past five years: 8 percent, −12 percent, 14 percent, 21 percent, and 16 percent. Suppose the average inflation rate over this period was 3.1 percent and the average T-bill rate over the period was 3.9 percent.
a. What was the average real return on the company's stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. What was the average nominal risk premium on the company's stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.)
Answer is complete but not entirelv carrant.
a. Average real return ____ %
b. Average nominal risk premium ____%
a. The average real return on Pine Computer's stock over the five-year period is 6.3% and b.the average nominal risk premium on Pine Computer's stock over the five-year period is 5.5%.
a. To calculate the average real return on Pine Computer's stock, we need to subtract the average inflation rate from the average nominal return.
The average nominal return can be found by summing the individual returns and dividing by the number of years:
(8% + (-12%) + 14% + 21% + 16%) / 5 = 9.4%
The average real return is then calculated as:
Average Real Return = Average Nominal Return - Average Inflation Rate
Average Real Return = 9.4% - 3.1% = 6.3%
Therefore, the average real return on Pine Computer's stock over the five-year period is 6.3%.
b. The average nominal risk premium is the difference between the average nominal return on Pine Computer's stock and the average T-bill rate.
Average Nominal Risk Premium = Average Nominal Return - Average T-bill Rate
Average Nominal Risk Premium = 9.4% - 3.9% = 5.5%
Therefore, the average nominal risk premium on Pine Computer's stock over the five-year period is 5.5%.
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The short-run Phillips curve shows the relationship between the unemployment rate and the inflation rate in an economy, for a given SRAS curve. If the SRAS curve is relatively flat, the short-run Phillips curve will be relatively implying that expansionary monetary policy Flag a. flat, would not lead to much increase in inflation in the short run b. flat, would lead to a large increase in inflation in the short run c. flat, would not lead to a large increase in infiation in the short run d. steep, would not lead to much increase in inflation in the short run
If the short-run aggregate supply (SRAS) curve is relatively flat, the short-run Phillips curve will also be relatively flat. This implies that expansionary monetary policy would not lead to a large increase in inflation in the short run. Hence, option C is correct.
The short-run Phillips curve depicts the trade-off between the unemployment rate and the inflation rate in an economy, assuming the SRAS curve is fixed. The slope of the short-run Phillips curve depends on the responsiveness of inflation to changes in unemployment.
If the SRAS curve is relatively flat, it means that the economy can produce a higher level of output without causing a significant increase in prices. In this case, the short-run Phillips curve will also be relatively flat. This implies that a decrease in the unemployment rate through expansionary monetary policy would not lead to a substantial increase in inflation in the short run.
Expansionary monetary policy involves increasing the money supply, reducing interest rates, and stimulating spending and investment. If the short-run Phillips curve is relatively flat, the impact of expansionary monetary policy on inflation would be limited. The economy would be able to absorb the increase in aggregate demand without causing a significant rise in prices.
Therefore, the correct answer is option c: If the SRAS curve is relatively flat, the short-run Phillips curve will be relatively flat, implying that expansionary monetary policy would not lead to a large increase in inflation in the short run.
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An investor plans to purchase a 2-bedroom condo in San Francisco. The price of the property is $300,000. She will have a 15-year 3% APR mortgage with a 20% down payment. The investor will keep the condo in the next 15 years and lease the condo. Suppose the rent collected by the renter will just cover the mortgage payment and other expenses (e.g., condo fee, tax, maintenance). In other words, in- and out- cash flows just cancelled out. The value of the house is expected to inflate by 50%. What is the monthly return to the investor?
1.126%
14.377%
13.508%
1.198%
None of the above
The monthly return to the investor is 1.198%. This calculation takes into account the neutral cash flows from rental income and the expected 50% inflation in the property's value over the 15-year investment period.
To calculate the monthly return to the investor, we need to consider the cash flows and the change in property value over the investment period. The price of the property is $300,000, and the investor makes a 20% down payment, which amounts to $60,000. The remaining amount to be financed through a mortgage is $240,000. The investor secures a 15-year mortgage with a 3% APR.
Since the rental income just covers the mortgage payment and other expenses, the investor's cash flows are neutral. However, the value of the house is expected to inflate by 50% over the 15-year period.
To calculate the monthly return, we can use the formula for compound interest:
Return = (Ending Value / Initial Investment)^(1/n) - 1
where n is the number of periods (in this case, the number of months).
The ending value of the property after 15 years, considering a 50% inflation, is $450,000 (300,000 + 50% of 300,000).
Plugging in the values, we have:
Return = ($450,000 / $60,000)^(1/180) - 1
Calculating this expression, the monthly return to the investor is approximately 1.198%.
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A stock is currently priced at 33.25 when options are about to expire. What is the value (payoff) of a CALL option with a strike price of 30 to the HOLDER of the option? (Value this per share. Read carefully and check your work.) 3.25 5.75 1.75 0.75 1.00
The value (payoff) of a CALL option with a strike price of 30 to the holder of the option is $3.25 per share. Option a is correct.
For calculating the value (payoff) of a CALL option, need to determine the difference between the current stock price and the strike price. In this case, the stock price is $33.25 and the strike price is $30. Since the stock price is higher than the strike price, the option is "in the money."
The value of the CALL option is calculated by subtracting the strike price from the stock price. Therefore, the value of the option is $33.25 - $30 = $3.25. This means that the holder of the option can potentially make a profit of $3.25 per share if they exercise the option and sell the stock at the current market price.
It is important to note that the value of options can fluctuate based on various factors such as market conditions, time to expiration, and volatility. It is advisable to consult with a financial professional or conduct further research to obtain a more accurate and up-to-date understanding of options pricing.
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1. What is the advantage of Story Points (relative
estimating)?
2. What is Spike in Agile?
1. What is the advantage of Story Points (relative estimating)?
Story Points (relative estimating) is one of the most effective ways to measure the complexity of a particular project. This estimation technique does not require an exact time estimation, but it rather relies on the complexity of the project and the time required for it to be completed.
One of the biggest advantages of this estimation technique is that it is simple, quick and effective. Because it is relative estimating, team members are not expected to provide accurate figures. This estimation technique promotes collaboration and communication among team members, who are required to work together to estimate the complexity of the project. Story Points are also very beneficial because it helps with prioritizing the requirements.
The team can easily break down the requirements into smaller parts that can be prioritized depending on the Story Points.
2. What is Spike in Agile?
A spike in Agile is an experimental task that helps teams to gain more information about a certain problem, feature, or technology. It is usually a timeboxed activity that has a very specific goal that is related to the problem being researched.
A Spike in Agile is usually initiated when the team does not have enough information about a certain task, and it requires more research to make a more informed decision. A spike is usually conducted before the actual work begins and is used to determine the feasibility of the project. Spikes can also be used to gain a better understanding of a particular feature that may be complex.
It is important to note that spikes are timeboxed, and they are not meant to be used to develop a feature or a product.
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The Carlton Corporation has $3 million in earnings after taxes and 1 million shares outstanding. The stock trades at a P/E of 5 . The firm has $2 million in excess cash.
a. Compute the current price of the stock. (Do not round intermediate calculations and round your answer to 2 decimal places.)
b. If the $2 million is used to pay dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to 2 decimal places.)
c. If the $2 million is used to repurchase shares in the market at a price of $17 per share, how many shares will be acquired? (Do not round intermediate calculations and round your answer to the nearest whole share.)
d. What will the new earnings per share be? (Use the rounded number of shares computed in part c but do not round any other intermediate calculations. Round your answer to 2 decimal places.)
e-1. If the P/E ratio remains constant, what will the price of the securities be? (Use the rounded answer from part d and round your answer to the nearest whole dollar.) Stock price
e-2. By how much, in terms of dollars, did the repurchase increase the stock price? (Use the rounded whole dollar answer from part
e-1. A negative value should be indicated with a minus sign. Round your answer to the nearest whole dollar.)
f. Has the stockholders' total wealth changed as a result of the stock repurchase as opposed to receiving the cash dividend? Yes No
a) The current stock price = (Earnings after taxes / Number of shares) × P/E Ratio
Current stock price = (3,000,000 / 1,000,000) × 5
=[tex]$15[/tex]
b) The total cash available for dividends = [tex]$2,000,000[/tex]
Dividend per share = Total dividend / Number of shares
Dividend per share = [tex]$2,000,000[/tex] / 1,000,000
= [tex]$2[/tex]
c) Number of shares that can be bought with [tex]$2,000,000[/tex] = (Excess cash / Price per share)
Number of shares = [tex]$2,000,000[/tex] / [tex]$17[/tex]
= 117,647 shares
d) New earnings per share = (Earnings after taxes / Number of shares - Number of repurchased shares)
New earnings per share = (3,000,000 / (1,000,000 - 117,647))
= [tex]$3.42[/tex]
e-1) Stock price = (New earnings per share x P/E ratio)
Stock price = [tex]$3.42[/tex] x 5
= [tex]$17.10[/tex] per share
e-2) The repurchase increased the stock price by = (New stock price - Old stock price)
The repurchase increased the stock price by = ([tex]$17.10[/tex] - [tex]$15[/tex])
= [tex]$2.10[/tex]
f) No, the stockholders' total wealth has not changed as a result of the stock repurchase as opposed to receiving the cash dividend.Hence, the stockholders' total wealth has not changed.
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True or false. Total quality management centers on new product
development as opposed to focusing on cost planning over the entire
value chain.
The given statement, "Total quality management centers on new product development as opposed to focusing on cost planning over the entire value chain" is false.
Total Quality Management (TQM) is an approach to management that emphasizes continuous improvement in all aspects of an organization. TQM efforts seek to optimize quality and efficiency, reduce waste and variation, and improve customer satisfaction. TQM is an approach to management that encompasses all areas of an organization, including finance, human resources, operations, and marketing.It is a comprehensive management strategy aimed at enhancing the quality of a product or service. It is often regarded as a philosophy that stresses customer satisfaction and continuous improvement rather than on new product development as opposed to focusing on cost planning over the entire value chain. The objective of total quality management is to offer high-quality goods and services to clients by using the entire team's contribution.You may wonder why it is false because Total Quality Management (TQM) does not only center on new product development but also on focusing on cost planning over the entire value chain. So, the given statement is False.
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