The amount of interest capitalized in 2021 for the building using the specific interest method is $360000.
The first thing to do is to calculate the average cost of borrowing which will be:
= ($3200000 × 8%) + ($6400000 × 5%) / $9,600,000
= ($256000 + $320000) / $9600000
= $576000 / $9600000
= 0.06 = 6%
The average expenditure during the year will be:
= $9600000/2.
= $4800000
The capitalized Interest will be:
= 9% × $2400000
= $216000.
Then, the capitalized Interest for the borrowing will be:
= 6% × $2400000
= $144000
The total capitalized Interest will be:
= $216000 + $144000
= $360,000
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Personal communication systems such as personal networks and grapevines:
a. Contain only a small amount of organizational communications.
b. Spread more information across organizations than formal communication channels such as downward communications.
c. Contain less accurate information than other organizational communication systems.
d. Spread information hierarchically throughout the organization, from boss to employee and from employee to boss, for example.
Answer:
b. Spread more information across organizations than formal communication channels such as downward communications.
Explanation:
Personal communication systems carry more information in organizations than any other type of communication channel or system. They also carry large amounts of information, which is often very accurate, and they spread information widely, without regard for organizational levels or hierarchy.
On December 31, 2015, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2016. On February 28, 2016, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dowâs net income for the year ended December 31, 2016, was $2,100,000.
The income tax rate is 40%.
As part of an incentive compensation plan, Dow granted incentive stock options to division managers at December 31 of the current and each of the previous two years. Each option permits its holder to buy one share of common stock at an exercise price equal to market value at the date of grant and can be exercised one year from that date. Information concerning the number of options granted and common share prices follows:
Date Granted (adjusted for the stock dividend) Options Granted Share Price
31-Dec-14 8,000 $24
31-Dec-15 3,000 $33
31-Dec-16 6,500 $32
Required:
Compute Dowâs earnings per share for the year ended December 31, 2016.
Dowâs earnings per share for the year ended December 31, 2016 is $3 per share.
First step is to compute common shares on January 1 to December 31
Common shares on January 1 to December 31 = 600,000 ×(1 + 0.04) × (12/12)
Common shares on January 1 to December 31 = 600,000 × 1.04 ×1
Common shares on January 1 to December 31 =624,000
Second step is to compute common shares on February 28 to December 31
Common shares on February 28 to December 31 = 60,000 × (1 + 0.04) × (10/12)
Common shares on February 28 to December 31= 60,000 ×1.04 × (10/12)
Common shares on February 28 to December 31= 52,000
Third step is to compute number of repurchased shares on July 1 to December 31
Number of repurchased shares on July 1 to December 31 = 2,000 × (6/12)
Number of repurchased shares on July 1 to December 31 = 1,000
Fourth step is to compute number of weighted shares
Number of weighted shares=624,000 + 52,000- 1,000
Number of weighted shares= 675,000
Fifth step is to compute the earning per share
Earnings per share = (Net income - Preferred dividend) / Number of weighted shares
Earnings per share= ($2,100,000 - $75,000) / 675,000
Earnings per share= $2,025,000 / 675,000
Earnings per share=$3 per share
Inconclusion Dowâs earnings per share for the year ended December 31, 2016 is $3 per share.
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In some cases, individuals who start a business have special voting rights that help them exercise more control over the firm. They own a special class of stock called
individuals that have special voting rights owns a special class of stock called classified stock.
The classified stock refers to class of common stock that comes with special privileges like dividend rights or enhanced voting rights.
Usually, these stock are issued/owned by individual that started or co-start the business.
The classified stock is used to ensure the company's founders maintain its control over the establish company even without owning the majority of the common stock.
Therefore, the individuals that have special voting rights owns a special class of stock called the classified stock.
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Sharon is part of a software engineering team. Her task is to develop a diagnostic program for the medical profession. This is a very complex task. What type of communication structure would work best for her group?
a. Linear
b. Centralized
✔ c. Decentralized
d. Focused
e. All of these
Answer:
Focus
Explanation:
if she is focus she will achieve it
Increased flexibility in scheduling has become an important benefit for employers to offer because of:
Increased flexibility in scheduling serves as important benefit for employers to offer because of:
1)the increase in single parent homes
2)the increase in two-income families
Scheduling serves as a process of arranging as well as controlling and optimizing work when carrying out a production process.It is important for employers to have Increased flexibility in scheduling because of the rise in single parent home.Learn more at:
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refer to the makeup of a firms capitalization
Finance. Another aspect of capitalization refers to the company's capital structure. Capitalization can refer to the book value cost of capital, which is the sum of a company's long-term debt, stock, and retained earnings. ... Companies with a high market capitalization are referred to as large caps.
Which global facility type is set up in an area with an abundance of advance suppliers, competitors, and research facilities
The global facility type set up in an area with an abundance of advance suppliers, competitors, and research facilities is called Outpost Factory
One of the primary purpose of establishing outpost factory is to enable a company have access to the skills required by them due to the availability of suppliers and research facilities.
An outpost factory is established in a location where there are concentration of companies producing similar products(competitors) so that they can tap in from their knowledge. Other types of global facilities are source factory, server factory, contributory factory etc.
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Which of the following is the best advice for written communication that is highly important?
a. Use jargon
✔ b. Get a second opinion
c. Use pretentious language
d. Use technology channels to distribute the message
e. Keep it long
Answer:
"D" is the correct answer!
Explanation:
Written communication is the use of a printed message, such as letters, training manuals, memos, proposals and emails. Emails. memos etc are all technology channels or apps.
Statement that serves as best advice for written communication which very important is B:Get a second opinion.
Written Communication serves as the medium that us been utilized by sending of messages in writing form.This kind of communication could be ;
letters circulars manuals reportsWhen dealing with written communication it is important to seek second opinion for much clarity.Therefore, option B is correct.
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Harold is part of a human resources team researching a cafeteria benefits program for his company. Once their research is complete and presented to management, Harold will return to his regular HR responsibilities. Harold is part of a temporary, self-managed, cross-functional team. True False
Harold is part of a human resources team researching a cafeteria benefits program for his company. Harold is part of a temporary, self-managed, cross-functional team. The statement is true.
What is research?Research refers to deep investigations of the data and information available to provide credentials with facts and figures to provide results that will utilize for the new research.
The Functions of the Human Resource department include the hiring and onboarding of a candidate in an organization. It also includes their training and development as well as performance appraisal by examining their performance in the organization.
The function of a cross-functional team is handling different working in different departments for a certain period of time, in this case, Harold is doing the same, working for the research department for a fixed project and then coming back to the HR department.
Therefore, the statement is True.
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In 2018, Joshua gave $12,300 worth of XYZ stock to his son. In 2019, the XYZ shares are worth $28,800. If Joshua had not given his son the stock in 2018 and held onto it instead, how much more would his estate have been worth than if he had made the gift
Answer:
It has given that Joshua gave $15000 worth of XYZ stock to his son during 2018.
Explanation:
A share is a bit of a company or fiscal asset power shareholders are who enjoy shares in a company.
Computation for total quantum of how much more would his estate have been worth than if he had made his gift.
Since we were told that in 2018, Joshua gave the quantum of $12,300 to this son, the XYZ shares are worth the quantum of $28,800. If Joshua had not given his son the stock in 2018 then the ($28,800+$12,300) much more would his estate have been worth than if he had made the gift.
The answer is $12,300
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List five kinds of harm that could occur to your own personal computer. Estimate the likelihood of each, expressed in number of times per year (number of times could be a fraction, for example, 1/2 means could be expected to happen once every two years). Estimate the monetary loss that would occur from that harm. Compute the expected annual loss from these kinds of harm.
The most frequent damages in computers are: Blue screen, Ram problems, continuous shutdown, slow performance, and virus infection.
Blue screen. It is estimated that it can happen 1/2 per year. It is one of the most common computer problems. Generally, it indicates a serious problem, which may be hardware or driver related, so the repair value is high, about $ 50.
RAM problems. It is estimated that it can happen 2/4 per year. It is a problem that is caused by misconfiguration, or a RAM slot is not fitting correctly, which causes it to not work. Its repair is worth about $ 25.
The computer shuts down by itself or restarts itself. It is estimated that it can happen 12/20 times per year. This damage is caused by lack of maintenance in the hardware or problems with the software. For example, if there is dust accumulated on the fans, this obstructs the air and does not allow the computer to cool properly, causing it to shut down. Your repair is worth about $ 50.
Slow performance. It is estimated that it can happen 45/50 times per year. This damage is caused by different factors. However, the most common is the lack of maintenance. Your repair costs about $ 15.
Computer infected with viruses. It is estimated that it can happen 6/10 in a year. Viruses are a type of software that can harm your computer and related systems. Your repair costs about $ 20.
According to the above, the total estimated cost per year for the computer fix is $ 160.
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Kenji manages a company that collects fresh produce from farmers and distributes it to restaurants. His business is struggling, so he considers mixing some of the older or riper items into the boxes of newer produce. This will allow him to meet cost targets and keep the business going. Kenji is faced with an ethical dilemma.
a. True
b. False
It is true to say that Kenju faces an ethical dilemma when thinking about mixing some of the older or more mature items in the newer boxes and distributing them to restaurants as fresh produce.
An ethical dilemma can be understood as a situation in which there are two paths available for decision making, and a decision will impact your ethical standards.
Often, an ethical dilemma arises from a need, as in the example above, where Kenji's business is struggling and making an unethical decision will allow him to meet cost targets and keep the business running.
Therefore, it is necessary that when facing an ethical dilemma, the individual considers the ethical decision-making, which will always be the correct one regardless of the situation.
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GeonHouses, a leading manufacturer and supplier of crockery, charges three dollars for each soup bowl. The cost of manufacturing each soup bowl is one dollar. In this scenario, the difference between the price GeonHouses charges per soup bowl and the cost of making it is referred to as _____.
The difference between the price that GeonHouses charges its customers and the cost of manufacturing a bowl of soup is C. captured value.
The captured value represents the difference between the $3 selling price and the $1 cost of manufacturing a bowl of soup for customers.
This captured value is also known as the gross profit. Based on the gross profit, GeonHouses deduct its expenses and taxes to determine the actual net income.
The $2 difference is not an abstract, modified, or differentiation value.
Data and Calculations:
Selling price per bowl of soup = $3
Manufacturing cost per bowl = $1
Captured value = $2 ($3 - $1)
Thus, the $2 difference is a captured value for GeonHouses.
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Options for this question are:
A. abstract value
B. modified value
C. captured value
D. differentiation value
how do VIP membership card works in a resort or hotel what will happen if you have VIP membership card?
Jazz is a high-end handbag manufacturing firm based in Italy. It has achieved peak sales and profits in the home-country market. Jazz now wants to cater to the different fashion sensibilities of women across the world. The firm sets up facilities for production, marketing, and sales in the United States, India, and Japan. Which of the following is most likely the reason for Jazz's global expansion?
a. Diversifying its customer base
b. Accessing a deeper, more diverse talent pool of skilled managers
c. Obtaining investment capital for increased production
d. Accessing better raw materials
Answer: B
Explanation:
Accessing a deeper, more diverse talent pool of skilled managers is most likely the reason for Jazz's global expansion. The correct option is b.
What is a global expansion in business?In terms of business, global expansion is when a business begins operating in another country, usually to take advantage of local market conditions or lucrative opportunities to increase revenue or reduce costs.
Global expansion refers to any business activity in a new territory, from selling products or services, dealing in raw materials, manufacturing, exporting, importing or employing. Global expansion is often linked to fast-growing businesses that recognise they can make more money if there is a demand for what they do abroad, or if they can reduce costs by operating in a new territory. It can also be about driving brand recognition in a new region or even leveraging market share from a competitor who is also active in that part of the world.
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Based on your knowledge of pricing concepts, why does Warby Parker stress that the price tag for frames starts at $95
Answer:
He is used to paying less for other things. He expected the glasses to be cheaper.
Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause: __________
a. Real GDP to rise to a level above Natural Real GDP
b. Real GDP to rise to a level below Natural Real GDP
c. Real GDP to rise to a level dqual to Natural Real GDP.
d. a recessionary gap to turn into an inflationary gap.
Considering the situation described above, the combination of expansionary monetary policy and a self-regulating economy will cause "Real GDP to rise to a level equal to Natural Real GDP."
This is because when Real GDP rises to a level equal to Natural Real GDP, that means the economy has adjusted such that the economy moves from a recessionary gap into long-run equilibrium.
Generally, the Real GDP shows the actual production level of a country, and as such, when there is neither inflation nor deflation, Real GDP equals Natural Real GDP.
Hence, in this case, it is concluded that the correct answer is option C. "Real GDP to rise to a level equal to Natural Real GDP."
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Marcela heard her manager loud and clear: Marcela needed to be more careful in her work or she wouldn’t have a job. Marcela ______________ to her manager, saying, "I will definitely make fewer errors from now on."
a. selected a channel
b. decoded a message
c. gave feedback
Answer: Marcela decoded a message to her manager, saying, "I will definitely make fewer errors from now on."
Marcela selected a channel to her manager, saying, "I will definitely make fewer errors from now on."
Marcela gave feedback to her manager, saying, "I will definitely make fewer errors from now on."
Explanation: The one that sounds better in the sentence is the correct answer the ones that sound like it doesn't fit in the sentence is incorrect.
Lexie also wishes to contact people or organizations as referees for job candidates to fill strategic positions in the organizations. Discuss two to three limitations of referee reports placed on management or organizations for job candidates. How do organizations cope with this burden?
Two or three limitations of reports from arbitrators placed in management or organizations for job applicants could be bias toward the candidate or lack of sufficient information about the attributes the organization wants to know about the potential candidate.
Organizations address this burden by seeking greater reference from the candidate through their posture and past decisions, in addition to conducting a more structured interview process to fill the gap in an arbitrator report.
An organization that will hire employees to fill strategic positions knows that this is a more sensitive process, as these positions require greater accountability and reliability.
Therefore, it is necessary to investigate the candidate's career and carry out a more structured selection process to choose an employee with the profile most aligned with the organization.
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Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesn't mean they go out of their way to let you
know what it is. You have to read all the paperwork. Find the interest rate for the following purchase.
To finance a new laptop, Emile is offered a 4 year payment plan with low monthly payments of $31.40. The cost of the laptop was $884.45 including tax, Round
to one decimal place, if necessary.
The interest rate is %
Answer:
You have to read all the paperwork. Find the interest rate for the following purchase. To finance a new laptop, Emilie is offered a 4 year payment plan with low monthly payments of $34.40. The cost of the laptop was $884.15 including tax. Round to one decimal place, if necessary. The interest rate is
Question I (30 marks)
Salma started Bag Zone in Riverside with the goal of providing good quality
handbags. Unique designs and utilizing uncommon materials for the making of the
handbags is her competitive advantage, and completed can be wholesaled
to fashion retailers or placed on consignment in local retail shops. Additionally, the
handbags can also be sold directly to consumers by displaying the prcxlucts at fashion
or craft shows or selling them online. Business has been brisk and she has established
a sizeable client base over the last five years. She thinks that it could be the time to
spend in an information system to record details about the sales, payroll process and
offer more details about the inventory
Salma believes that it will be possible to modernize some of the business process for
reducing the amount of time, which it is taking for data processing. She wants to
up four further stores throughout the next three years. Systems used should be capable
of supporting these developments
Currently, Salma finds that no details are captured by the system about the customer.
Only details about the purchased goods, the method ofpayment, member of the staff,
purchased quantity, and price & totals are captured.
It has been that levels of stock are recorded by using the stock card. It can
be seen that the details of the new inventory are entered into the cards when the new
stock and details of sold units are changed at the termination of each trading day. It
is very clear that when things become hectic, marketing off stock sheets can be
forgotten and hence they are not very exact. To know the level of the stock item, the
physical check is needed.
Required
As you have knowledge about information systems, would you provide assistance
to Salma in solving various issues like maintenance of customer details,
maintenance of marketing off stock sheets, collection of useful data for sales
forecasting and accurate calculation of wages & to electronically pay staff. You
should indicate that your suggestion would help each of the stores to improve the
organizational performance along with store's efficiency.
Based on the information given, the assistance that can be given to Salma to solve issues like maintenance of customer details, maintenance of marketing of stock sheets, etc will be enterprise resource planning.
Enterprise resource planning is a software that is used by organizations to manage day-to-day business activities like project management, risk management, accounting, procurement, etc.
The functions that can be performed by the enterprise resource planning include:
Displaying current balance.Recording transactions.Tracking wastage.Providing information on project scope.Summarizing customer billing, invoice collection, budgeting, etc.In conclusion, enterprise resource planning will be a valuable tool for the company to improve its revenue.
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The following data pertain to an investment proposal (Ignore income taxes.):
Cost of the investment $35,000
Annual cost savings $12,000
Estimated salvage value $6,000
Life of the project 5 years
Discount rate 18%
Required:
Determine the appropriate discount factor(s) using the tables provided.
The net present value of the proposed investment is closest to $5,146.
Net present value = Present value of cash-flows - Initial investment
Given Information
PV of cashflows at 18%
Cash flows PV at 18% P.V. of cash-flows
$12,000 (Cost saving) 3.127 $37,524
$6,000 (Salvage) 0.437 $2,622
Total $40,146
Net present value = $40,146 - $35,000
Net present value = $5,146
Therefore, the net present value of the proposed investment is closest to $5,146.
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Suppose Malaysia's production possibilities include a maximum of 120 units of rice or 300 units of lumber, and Canada's production possibilities include a maximum of 200 units of rice or 200 units of lumber. Then suppose each country initially allocates 50% of its labor to producing each product. a) Total production by the two countries equals tons of rice and ft3 of lumber. b) Now suppose that Malaysia increases the labor it allocates to lumber by 10%. Its lumber production rises by and its rice production falls by . c) Of Canada allocates its labor to increase its rice production by exactly the amount that Malaysia's rice production fell, by how much must its lumber production fall
A) the total production of Malaysia would be 60 tons of rice and 150 ft3 of lumber, and the total production of Canada would be 100 tons of rice and 100 ft3 of lumber; B) the production of rice would fall by 6 tons and the production of lumber would rise by 15 ft3; and C) Canada's lumber production would fall by 10 ft3.
Supposing Malaysia's production possibilities include a maximum of 120 units of rice or 300 units of lumber, and Canada's production possibilities include a maximum of 200 units of rice or 200 units of lumber, and supposing each country initially allocates 50% of its labor to producing each product, to determine A) the total production by the two countries equals tons of rice and ft3 of lumber, B) now supposing that Malaysia increases the labor it allocates to lumber by 10%, the number by which its lumber production rises by and its rice production falls by, and C) if Canada allocates its labor to increase its rice production by exactly the amount that Malaysia's rice production fell, by how much must its lumber production fall, the following calculations should be performed:
A)
120 x 0.5 = 60 300 x 0.5 = 150 200 x 0.5 = 100
B)
50 x 1.1 = 55 120 x 0.45 = 54 300 x 0.55 = 165
C)
200 x 0.55 = 110 200 x 0.45 = 90
Therefore, A) the total production of Malaysia would be 60 tons of rice and 150 ft3 of lumber, and the total production of Canada would be 100 tons of rice and 100 ft3 of lumber; B) the production of rice would fall by 6 tons and the production of lumber would rise by 15 ft3; and C) Canada's lumber production would fall by 10 ft3.
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The question is
b) why does the equilibrium quantity remain the same even after the demand and supply curves change from D1 to D2 and S1 to S2 respectively?
Use your knowledge of the roles people assume on teams to complete the sentence.
As the team works together, Carol plays a ______________________, diffusing conflicts and helping everyone feel welcome to contribute ideas.
a. technology manager role
b. task specialist role
c. diversity manager role
d. socioemotional role
Answer:
d. socioemotional role
Explanation:
As the team works together, Carol plays a socioemotional role, diffusing conflicts and helping everyone feel welcome to contribute ideas.
Answer:
Carol is playing the socioemotional role of the team
Explanation:
what ideas do you feel the organization should have the opportunity to mandate without union involvement?
Answer:
any ideas that would improve things for the employees. if the ideas result in the deterioration of employees' well-being, safety or anything regarding the employees, the the union would get involved. the union exists for this reason.
Exercise 11-7 (Static) Depreciation methods; partial periods [LO11-2] On March 31, 2021, Susquehanna Insurance purchased an office building for $12,000,000. Based on their relative fair values, one-third of the purchase price was allocated to the land and two-thirds to the building. Furniture and fixtures were purchased separately from office equipment on the same date for $1,200,000 and $700,000, respectively. The company uses the straight-line method to depreciate its buildings and the double-declining-balance method to depreciate all other depreciable assets. The estimated useful lives and residual values of these assets are as follows: Service Life Residual Value Building 30 10% of cost Furniture and fixtures 10 10% of cost Office equipment 5 $30,000 Required: Calculate depreciation for 2021 and 2022.
Depreciation is the accounting method of allocating cost of an asset over its useful life.
It can be calculated in different ways.
The data given is
DepreciationUseful Residual Year
Life Value 2021 2022
Building 30 10% of cost 180,000 240,000
8,000,000
Furniture and fixtures 10 10% of cost 1800,000 2040,000
120,000
Office equipment 5 $30,000 210,000 196,000
Note: The first year's depreciation for the three assets is lesser due to the depreciation calculated for 9 months from April to December and the next year's depreciation is for 12 months.
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
A. Depreciation Building Straight Line Method= $ 8,000,000- $800,000/ 30= $ 240,000
The depreciation expense using the straight line method does not change unless the salvage value is reached.
B. Straight Line Rate= 100%/ useful Life
Straight Line Rate for furniture= 100%/ useful Life= 100%/10= 10 %
Straight Line Rate Office Equipment= 100%/ useful Life= 100%/ 5= 20 %
Double Declining Method = 2 * Straight Line Rate
Double Declining Method Furniture= 2 * Straight Line Rate= 2*10%= 20%
Double Declining Method Office Equipment= 2 * Straight Line Rate= 2*20%= 40%
In double declining method the rate is multiplied to the cost to get the depreciation expense. 20 % of $ 12,000,000= $ 2400,000
Each year the rate is multiplied with the remaining book value after deducting the depreciation expense from the cost as $ 12,000,000- $ 1,800,000= $ 10,200,000
Next years depreciation will be $ 10,200,000 * 20%= $ 2040,000.
This will be added in the original depreciation expense $ 1800,000 + $ 2040,000 = $ 3840,000 and deducted from cost to get the book value. $ 12,000,000- $ 3840,000 = $ 8160,000
Again rate will be multiplied and each years depreciation will be calculated similarly.
It has been summarized in the table below.
Years Dep Rate Dep Expense Accu. Dep. Book
Value
a. 2021 20% 12,000,000 2400,000 1800,000 $ 10,200,000
b. 2022 20% $ 10,200,000 2040,000 3840,000 $ 8160,000
Office Equipment
Years Dep Rate Dep Expense Accu. Dep. Book
Value
a. 2021 40% 700,000 280,000 210 ,000 $ 490,000
b. 2022 40% $ 490,000 196,000 406,000 $ 294,000
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All of the following is true about CRM, or Customer Relationship Management except:______.
a. It is an enterprise software
b. Accounting department uses it to facilitate billing
c. It is replacing the human resource department
d. It is the processes a company uses to track and organize all aspects of customer encounters
Answer:
B
Explanation:
The purpose of CRM is not to replace the human resource department.
Considering the available options, the statement that is not true about CRM or Customer Relationship Management is "Accounting department uses it to facilitate billing."
CRM is an enterprise software with a rough global market value of over $40 billion.
Because it is an automated system, many firms are now using it to replace the human resource department.
Also, CRM is known for being a process that a company uses to monitor and oversee all aspects of customer relations.
Hence, in this case, it is concluded that the correct answer is option B. "Accounting department uses it to facilitate billing."
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Who else is affected when an organization acts unethically? Who is affected when an employee acts unethically? List at least three groups and explain how each group is affected by unethical actions by a employer and an employee.
Employees can be affected when an organization acts unethically such as not enforcing safety laws and not providing proper equipment to employees which can also lead to dangerous environments which lead to injury or death
Customers can be affected when improper enforcement is used while creating or producing products or goods that a customer would then use.
Shareholders can be affected financially if news of unethical actions by the entity was declared by the public.
4. List and discuss five key ideas of the Tanpin Kanri business approach and explain how companies and organizations outside of the retail industry, specifically using universities as an industry example (higher education), could learn from this approach.
Tanpin Kanri's business approach focuses on demand chain driving using the point of sale to determine the most effective points of sale to generate sales and which products available at the point of sale are selling the most.
The five key ideas of the Tanpin Kanri approach are as follows:
Market analysis.Analysis of market share potential.Attractiveness analysis.Competitiveness Analysis.Value creation analysis.Therefore, making a parallel with this approach used in the retail sector for universities, the analyzes can be used to analyze knowledge production and identify new strategies to ensure greater student adherence, generating motivation and value for students.
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