Answer:
a moving target in a competitive world
Explanation:
Armand Feigenbaum was widely known as an American quality control expert, who in his book, titled "Total Quality Control" suggested that quality is a productive system for incorporating the product and service development, quality sustenance and development actions for the purpose of providing products and services at the largely inexpensive degrees, which give full customer satisfaction.
He concluded that quality and accordingly customer value judgments are a moving target in a competitive market.
Therefore, For Feigenbaum, quality criteria always constitute "a moving target in a competitive world."
Answer:
$65,750
Explanation:
Given:
Direct materials = $6.20
Direct labor = $3.70
Variable manufacturing overhead = $1.25
Fixed manufacturing overhead = $10,000
Sales commissions = $1.50
Variable administrative expense = $0.50
Fixed selling and administrative expense = $5,000
Number of unit Produced = 5,000 units
Calculation:
Production Cost = Direct Material cost + Direct labor cost + variable manufacturing overhead + Fixed manufacturing overheads.
= (5000 x $6.20) + (5000 x $3.70) + (5000 x $1.25) + $10,000
= ($31,000) + ($18,500) + ($6,250) + $10,000
= $65,750
You are here: Home / Non-Profit Fact Sheets / What is an Organisation formed by Royal Charter or by Special Act of Parliament?
What is an Organisation formed by Royal Charter or by Special Act of Parliament?
WRITTEN BY BETTER BOARDS - AUGUST 20, 2013
royal-charter-special-act
When establishing a non-profit organisation, founders can choose from a large range of legal forms. An organisation’s legal structure will determine the types of activities it is legally able to carry out and which government bodies it is required to seek registration from or report to. An organisation formed by royal charter or by special Act of parliament are two possible structures of a non-profit organisation. Find out more about the other types of legal structures here.
Some of the oldest and largest non-profits in Australia take one or other of these legal forms, however, new organisations adopting these structures are now established very rarely.
In the past organisations formed by royal charter were administered by the Prime Minister’s Office, but it now “avoid[s] recommendation of such nonprofit forms”[1]. This form has often been used to incorporate or establish significant organisations. A few examples of these types of organisation are Scouts Australia, The University of Sydney, The University of Tasmania and Engineers Australia.
Organisations formed by special Act of Parliament are established when it is “demonstrated to the government of the day that the organisation is substantial and cannot be accommodated under other incorporating statuses”[2].
Many universities and religious bodies have been incorporated by a special Act of Parliament. The University of Melbourne, The University of Queensland, the National Library of Australia and the National Gallery of Victoria are examples of organisations established through special Act of Parliament.
Organisations conforming within either of these structures are complicated and expensive to establish. They must comply with the specific act or charter relating to their establishment, often called their “constituting documents”.
This fact sheet is intended as a simple overview of non-profit legal forms and terminology. Non-profit law is incredibly complex and there will be many exceptions, restrictions, allowances and important qualifications that are not described above. This fact sheet is not intended and should not be taken as legal advice. In many cases, serious penalties apply to organisations that are found to be lax in fulfilling the requirements of their legal structure. Dedicated legal advice should be sought from a legal practitioner before taking action.
Answer:
D
Explanation:
Social engineering is a way of manipulating people into releasing confidential information or data which may then be used by the recipient for fraudulent purpose. These data or information could be in form of password or one's bank details.
Answer:
Payback is 19 months
Explanation:
It is a capital budgeting problem. Firm has invested in TQM's Channel Support systems of $1,500,000. It will increase demand of product by 1.7%.
$166385985 x1.7071. = $166389948
Last years sales revenue was $163,608,638. A 1.7% increase will mean the saleswill be -
$166385985- $163608638 = 2781347
Thus increase in sales revenue is-
Now consider contribution margin. From total sales direct variable costs are deducted to get total contribution. It is 34.2% . So extral contribution due to 1.7% increase in sales is-
$2781347 x 34/2%= $95122
Thus increase in contribution margin will also increase profit to the same extent as there is no addition in fixed cost due to this project. So firm will be able to recover $951,221of initial investment of $1,500,000 in one year. Pay back is the time required to recover this full initial investment. It ascertained by dividing $1,500,000 amount by the net addition in profit per year. Answer is-
1,500,000+ 951221= 1.6759yrs x12months= 19months