A local pharmaceutical firm of Pakistan has decided to restructure its end to end process as per the quality standards of DRAP (Drug Regulatory authority of Pakistan). The management is keen to implement Quality Management organization wide. You are asked to analyze the entire transformation. • Employee involvement and its benefits • The role of the top management in enforcing quality management • Guidelines of quality costing system ensuring no damages • Requirement for ISO certification

Answers

Answer 1

Answer:

The restructure of the local pharmaceutical firm will cause a great change which is discussed below

Please mark brainliest

Explanation:

The restructure of the local pharmaceutical firm will cause a great change which is discussed below:

Employee involvement and its benefits:

The employees will be greatly involved in the restructure as they will be required to take more precautions while preparing or carrying the medicines, the employees involved in the procedure will be provided with a better health.

The role of the top management in enforcing quality management

The top management will play a vital role in the restructure of the firm because they are responsible for managing its employees and they will be the one imposing all the strict rules which will be required to be followed by the firm.

Guidelines of quality costing system ensuring no damages

This restructure will effect the finance department as well in a way to calculate the cost of the quality measures which will be taken, the operating cost is likely to be increased.

Requirement for ISO certification

The firm will have to get an ISO certificate which will be the proof that the firm follows proper safety measures, the certificate will be provided upon careful investigation of the firm by ISO.


Related Questions

Which of the following is an example of an equity investment?
(Select the best answer.)
A company bond
A company's stock
A government bond
A loan

Answers

Answer:

A company's stock

Explanation:

There are two main capital structure i.e. debt and the equity. The debt is the loan which is to be borrowed by the individual or a company in order to raise a capital. While the other one is equity in which it shows the ownership stake in the company also it involves the securities than should be traded in the stock markets

While going through the options given, the second option is correct as other options are the examples of debt and the same is not considered for an equity investment

Unhealthy company cultures typically have such characteristics as:__________.A) tight budget controls,overly strict enforcement of longstanding policies and procedures,and low ethical standards.B) a preference for conservative strategies,an aversion to incentive compensation,and excessive emphasis on profitability.C) a politicized internal environment,hostility to change and an aversion to looking outside the company for best practices,new managerial approaches,and innovative ideas.D) overemphasis on employee empowerment,a complacent approach to building competencies and capabilities,no coherent business philosophy,and excessively bureaucratic policies and procedures.E) too little emphasis on innovation,a strong preference for hiring managers from outside the company,very few core values and traditions,and a weakly enforced code of ethics.

Answers

Answer:

C) a politicized internal environment,hostility to change and an aversion to looking outside the company for best practices,new managerial approaches,and innovative ideas.

Explanation:

Unhealthy company cultures typically have such characteristics as a politicized internal environment,hostility to change and an aversion to looking outside the company for best practices,new managerial approaches,and innovative ideas.

Sam wants to grow in his current role, and he decides to take a three-month skill enhancement course. Sam is demonstrating .

Answers

Answer:

Selfmanagment skills

Explanation:

I had the same question

Answer:

Sam is not making connections with prior knowledge.

Explanation:

Vaughn Manufacturing reported net income of $1.5 million in 2017. Depreciation for the year was $153.008, accounts decreased $343,900, and accounts payable decreased $282,900 sige eg 15,000 orb,pare thesis eg.
Compute net cash provided by operating activities using the indirect approach (Show amounts that decrease cash flow with either.

Answers

Answer:

..................................................Vaughn Manufacturing.......................................

Cash flows from operating activities 2017

Net Income.........................................................................$1,500,000

Adjustments to reconcile net income to Net Cash provided by Operating Activities  

Add Decrease in Accounts Receivable .........$343,900  

Less Decrease in Accounts Payable.............$(282,900)  

Add Depreciation.............................................$153,000....$214,000

Net cash provided by Operating Activities........................$1,714,000

Which of the following benefits could an organization reasonably expect from an effective budget program? Select one: a. Better control of the organization's costs. b. Better coordination of an organization's activities. c. Better communication of the organization's objectives. d. All of the above.

Answers

Answer: d. All of the above.

Explanation: Budgeting is simply the activity of constructing a budget which in turn is defined as any amount of money or resources earmarked for a particular institution, activity or time-frame. An effective budget program is quite significant to both planning and controlling processes and is employed by managers and executives to plan, monitor and control various activities at every level of an organization or business creating better and tighter controls on an organization's costs, activities and communication.

. Discuss and Implement the Price Adjustment Strategies in current market. Apply each strategy with 3 examples along with picture.

Answers

Answer:

There are many different price adjustment strategies which can be implemented in the current market.

Explanation:

Psychological pricing:

Psychological pricing is a strategy in which the price of a product is displayed with mostly one cent difference so the whole number shown is less by $1 and this difference can get higher if the price of the product is more.

Example 1: The price for a toy in a toy shop is $4.99, if rounded this will be $5 but the whole number visible is $4.

Example 2: The price of a laptop is $193, this again is nearly $200 but the price is reduced by $7 in order to influence their customers into buying the product.

Example 3: The price of a car is $35,995, this again is about $36,000 but the buyer may be influenced by this technique and result in purchasing the product with such price.

Geographical Pricing:

Geographical pricing is a strategy where different prices are charged in different outlets, this strategy is made keeping in mind the purchasing power of the locality, if the local people can pay higher price for a product then the price is high there but same product may have a lower price in an area where people can not pay high price.

Example 1: Price of a T-shirt is $15 in a posh area while the price of the same T-shirt is $5 in an area with poor locality.

Example 2: Price of a hair brush is $10 in a poor area while the same brush is available in a posh area at a rate of $35.

Example 3: Price for a food item is $6 in a restaurant in posh area while the same burger is available for $3 in a restaurant in a poor area.

The following is a partial list of accounts from Pearl Jam Company: Accounts receivable $3,600 Accounts payable 2,950 Building 79,800 Cash 7,800 Common stock 25,000 Dividends 2,400 Insurance expense 900 Retained earnings 17,500 Salary expense 28,000 Salary payable 1,800 Service revenue 113,200 For the trial balance, what is the DEBIT column total

Answers

Answer:

The debit column total is $122,500.

Explanation:

A trial balance is a list of balances (debit and credits) extracted from the Ledger Accounts. It is used to prepare Financial Statements.

Pearl Jam Company trial balance is prepared as follows :

Trial Balance

                                                       Debit $           Credit $

Accounts receivable                       3,600

Accounts payable                                                 2,950

Building                                          79,800

Cash                                                 7,800

Common stock                                                    25,000

Dividends                                         2,400

Insurance expense                             900

Retained earnings                                               17,500

Salary expense                             28,000

Salary payable                                                       1,800

Service revenue                                                 113,200

Totals                                           122,500         160,450

Sampson Corp. had 500,000 shares of common stock outstanding at the beginning of the year. The average market price was $20. On April 1, Sampson issued 100,000 shares of $1000 par value 10 percent preferred stock. On July 1, Sampson issued 200,000 warrants to purchase 10 shares of common stock each at $22 per share. On October 1, Sampson repurchased 60,000 of common stock as treasury stock for $15 per share (EPS) was:

a. 515,000.
b. 600,000.
c. 485,000.

Answers

Answer:

c. 485,000

Explanation:

[(500,000 × 12) − (60,000 × 3)] / 12 = 485,000

Presented below are the basic assumptions and principles underlying financial statements. a. Historical cost principle d. Going concern assumption b. Economic entity assumption e. Monetary unit assumption c. Full disclosure principle f. Periodicity assumption Identify the basic assumption or principle that is described below. 1. The economic life of a business can be divided into artificial time periods. select a key letter 2. The business will continue in operation long enough to carry out its existing objectives. select a key letter 3. Assets should be recorded at their acquisition cost. select a key letter 4. Economic events can be identified with a particular unit of accountability. select a key letter 5. Circumstances and events that could make a difference to financial statement users should be disclosed. select a key letter 6. Only transaction data that can be expressed in terms of money should be included in the accounting records.

Answers

Answer:

1. Periodicity assumption.

2. Going concern assumption.

3. Historical cost principle.

4. Economic entity assumption.

5. Full disclosure principle.

6. Monetary unit assumption.

Explanation:

1. Periodicity assumption: The economic life of a business can be divided into artificial time periods. It is also known as the Time period assumption.

2. Going concern assumption: The business will continue in operation long enough to carry out its existing objectives.

3. Historical cost principle: Assets should be recorded at their acquisition cost.

4. Economic entity assumption: Economic events can be identified with a particular unit of accountability.

5. Full disclosure principle: Circumstances and events that could make a difference to financial statement users should be disclosed.

6. Monetary unit assumption: Only transaction data that can be expressed in terms of money should be included in the accounting records.

If consumers start to believe they need a product, what is likely to happen? A. The demand becomes less elastic. B. The demand becomes more elastic. C. The supply decreases. D. The price decreases.​

Answers

Answer:

A) The demand becomes less elastic.

Explanation: I took the quiz ^-^

Answer:

A. The demand becomes less elastic.

Explanation:

I just took the test on edge :)

Security A has an expected rate of return of 6%, a standard deviation of returns of 30%, a correlation coefficient with the market of -0.25, and a beta coefficient of -0.5. Security B has an expected return of 11%, a standard deviation of returns of 10%, a correlation with the market of 0.75, and a beta coefficient of 0.5. Which security is riskier

Answers

Answer:

Security B

Explanation:

The risk of an asset is measured by beta

Market beta is measured by 1. Securities that move more than the market have a beta greater than 1 .

Securities that moves less than the market have a beta less than 1

The beta of security A is less than that of security B. Thus, security B is more risky

Which of the following is NOT a role of the closure facilitator?a. Use several questionnaires as a starting point to conduct the post-project retrospectiveb. Get delivery acceptance from the customerc. Elicit a 360-degree view and input from all stakeholders to create a more complete picture of project issuesd. Lead the team in exploring new ways for solving problemse. Create an environment in which stakeholders feel safe to provide input

Answers

Question options:

A. Create an environment in which stakeholders feel safe to provide input.b)Get delivery acceptance from the customer.c)Elicit a 360-degree view and input from all stakeholders to create a more complete picture of project issues.d)Use several questionnaires as a starting point to conduct the post-project retrospective.e)Lead the team in exploring new ways for solving problems

Answer:

b)Get delivery acceptance from the customer

Explanation:

The closure facilitator can be the project manager and does not get delivery acceptance from customer in project management. The closure facilitator is the one in charge of ensuring project objectives are met by drafting the agendas and looking for ways to achieve meeting objectives in project facilitation. The project facilitator creates an environment that makes it possible for the group and everyone involved in the project to put heads together to solve problems in the project

Which of the following are required by the Sarbanes-Oxley Act?
A. A report on internal control. B. A vertical analysis. C. A common-sized statement. D. A price-earnings ratio.

Answers

Answer:

a. a report on internal control

Explanation:

the sarbanes-oxley act was passed in 2002. This law serves to help protect investors and the public from fraud while giving financial reports by corporations. It was sponsored by Senator Paul Sarbanes and Representative Michael Oxley. This legislation is to help improve the reliability of corporations financial reporting as well as to help improve the confidence of shareholders and investors.

This act requires a report on internal control.

At a certain interest rate the present value of the following two payment patterns areequal: (i)$200 at the end of 5 years plus$500 at the end of 10 years. (ii)$400.94 atthe end of 5 years. At the same interest rate$100 invested now plus$120 invested atthe end of 5 years will accumulate to P at the end of 10 years. Calculate P.

Answers

Answer:

P = $917.77

Explanation:

The computation of the P is shown below:

Let us assume i% be the annual interest rate

Now  

Present value of 1st Payment Pattern is

= $200 ÷ (1+i)^5 + $500/(1+i)^10

Present value of 2nd Payment Pattern is

= $400.94 ÷ (1+i)^5

Now equate these two above equations

PV of 1st Payment Pattern = PV of 2nd Payment Pattern

$200 ÷ (1+i)^5 + $500 ÷ (1+i)^10 = $400.94 ÷ (1+i)^5

$500 ÷ (1+i)^10 = $200.94 ÷ (1+i)^5

2.4883 = (1+i)^5

1+i = 1.20

i = 0.20

= 20.00%

Now  

P =  $100 × 1.20^10 + $120 × 1.20^5

P = $917.77

why is it important to understand the competition your business faces?

Answers

Answer:

It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.

Which of the following statement is not true about the Project stakeholders?
A. Stakeholders responsibilities may overlap.
B. Stakeholders may have different agenda.
C. Project Managers must understand how stakeholders can affect the project.
D. All stakeholders must be independent of each other.

Answers

I think d is the answer

Explanation:

all stakeholders must not be independent all must work together

Which of the following is exchange traded?
A. forwards.
B. futures.
C. options.
D. both b and

Answers

Answer:

C. options.

Explanation:

Exchange traded funds are mutual funds traded on equity in which the exchanges are based on an index. This aim to reflect the performance of its base index to the investors.

Which of the following are considered
assets?
l. A vehicle
Il. Student loans
III. Rent payments​

Answers

Answer:

A vehicle

because vehicles are valuable and useful.

assets-a useful or valuable thing, person, or quality.

Which of the following is not true about production possibilities frontiers?a. moving from one point to another on a PPF incurs a tradeoffb. economic growth is shown by shifting the PPF outwardc. unemployment of resources is shown by shifting the PPF inwardd. a PPF can shift inward or outward

Answers

Answer:

c. unemployment of resources is shown by shifting the PPF inwards

Explanation:

The production possibilities frontiers (PPF) would be moved from one point to another that represents the trade off between the two goods. In case of the expansion in an economy the PPF would be shift outwards and when there is a loss than the same is to be shifted inward

And, the movement of the shift could be based on the economy condition

Therefore in the given case, the option C should be selected

In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five years or so, then find the "terminal" stock price using a benchmark PE ratio. Suppose a company just paid a dividend of $1.15. The dividends are expected to grow at 10 percent over the next five years. The company has a payout ratio of 40 percent and a benchmark PE of 19. The required return is 11 percent. a. What is the target stock price in five years? b. What is the stock price today?

Answers

Answer and Explanation:

The computation is shown below:

a. The Target stock price in five years is

As we know that

Target stock price in five years = Earnings per share in Year 5 × Benchmark P/E Ratio

where,

Earnings per share in Year 5 is

= D5 ÷ Pay-out Ratio

Now

D0 = $1.15 per share

D1 = $1.15 × 1.10 = $1.265per share

D2 = $1.265 × 1.10 = $ 1.3915

D3 = $1.3915 × 1.10 = $1.53065

D4 = $1.53065 × 1.10 = $1.683715

D5 = $1.683715 x 1.10 = $1.85209

Now

Earnings per share in Year 5 is

= D5 ÷ Pay-out Ratio

= $1.85209 ÷ 0.40

= $4.630225

Now

The Target stock price in five years is

= Earnings per share  in Year 5 × Benchmark P/E Ratio

= $4.630225 × 19 Times

= $87.97;

b. Now the stock price today is to be shown in the spreadsheet below

Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The company’s monthly fixed expense is $32,250. Required: 1. Calculate the unit sales needed to attain a target profit of $8,000. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,700. (Round your intermediate calculations to the nearest whole number.)

Answers

Answer and Explanation:

1. The computation of the unit sales is shown below:

As we know that

Unit sales to attain the desired profit is

= (Fixed cost + desired profit) ÷ contribution margin per unit

= ($32,250 + $8,000) ÷ ($140 - $70)

= 575 units

2. And, the units sales is

Before this first determine the contribution margin ratio which is

Contribution margin ratio = Contribution margin ÷ sales × 100

= $70 ÷ $140 × 100

= 50%

now the dollar sales is

= (Fixed cost + desired profit) ÷ contribution margin ratio

= ($32,250 + $8,700) ÷ 50%

= $81,900

The unit sales is 575 units and dollar sales is $81,900.

Given that,

Selling price of single product is $140.Variable expense per unit is $70.Monthly fixed expense is $32,250.

1. Unit sales to attain target profit of $8,000.

Unit sales = ($32,250 + $8,000) [tex]\div[/tex] ($140 - $70)

= 575 units

2. Dollar sales to attain target profit of $8,700.

Dollar sales = (Fixed cost + Profit) [tex]\div[/tex] Contribution Margin Ratio

= [[tex]($32,250 + 8,700)[/tex] [tex]\div[/tex] ([tex]70[/tex][tex]\div[/tex][tex]\frac{140}{100}[/tex])]

= $81,900

Learn more: https://brainly.com/question/15967143

what is the role of a manager

Answers

Answer:

Entrusted with a leadership role, a manager is responsible for overseeing a department or group of employees within a specific organisation or company. Managers are utilised in every sector, and the business model relies on their leadership and ability to operationalise the management structure.

Explanation:

In a management position, one can expect to have the following ten day-to-day responsibilities:

Daily Operations: The primary role of a manager is to ensure the daily functioning of a department or group of employees.

Staffing: Most employers expect their managers to interview, hire, and train new employees.

Set Goals: A manager articulates both short and long-term goals to ensure a company’s longevity.

Liaising: Although a manager typically oversees a group of employees, managers also effectively communicate with their bosses and convey the necessary information to the various company parties.

Administration: Managers complete administrative work and correspond with other departments.

Delegation: Effective managers have confidence in their employees and delegate tasks according to the department’s needs.

Motivate: As a leader, a manager motivates staff and creates an environment where employees thrive.

Enforcing Policy: Managers enforce company policy to cultivate an environment that makes employees hold one another accountable for their actions.

Training: If new technologies or systems are introduced to business, employers turn to managers to train employees.

Evaluation: To encourage satisfactory work, managers evaluate data and employee performance.

Answer:

Enstrusted with a leadership role a manager is responsible for overseeing a department or group of employees within a specific organisation or company.

By using only the aggregate demand curve, what can we determine

Answers

this question is in which lesson

You are engaged to examine the financial statements of Spillane Company for the year ended December 31. Assume that on November 1, Spillane borrowed $500,000 from Second National Bank to finance plant expansion. The long-term note agreement provided for the annual payment of principal and interest over five years. The existing plant was pledged as security for the loan. Due to the unexpected difficulties in acquiring the building site, the plant expansion did not begin on time. To use the borrowed funds, management decided to invest in stocks and bonds and on November 16, invested the $500,000 in publicly traded securities. Required: Identify the relevant financial statement assertions for the publicly traded securities account (an asset) based on the PCAOB's five management assertions about the financial statements.

Answers

Answer:

Assertion 1) Existence or occurrence: the company must provide the loan documents along with proof that they actually purchased the stocks and bonds using the loan money. It would also help to have a document explaining why the building site couldn't be acquired as planned.

Assertion 2) Rights and obligations: all the legal paperwork regarding the loan, the mortgage on the existing plant and the stocks and bond paperwork must be presented.

Assertion 3) Completeness: all the relevant information must be given to the auditor including building titles, inventories, equipment, cash receipts, etc. The auditor should be allowed to physically visit the plant and confirm the documents.

Assertion 4) Valuation and allocation: information regarding the current market values of the building, inventories and equipment should be given to the auditor. The auditor should be able to confirm if the depreciation values and market values are consistent. Also, the auditor must have access to accounts receivables and should be able to analyze them to check for any inconsistencies.

Assertion 5) Presentation and disclosure: the auditor should be able to check expense accounts and capitalization accounts, and analyze them. E.g. equipment or machinery repairs must be treated as expenses and not capitalized.

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