...provided the authority to teachers to expel that student from the class who is absent in four classes. And the head of department has been given the authority to to keep check on teachers contribution towards the institute and same as Dean’s authority is to have a keen check on HOD’s . In this way not everyone but most of the individuals are leader in their own field of work. 8. Drive out fear As according to Deming’s fear is a loss. This point of Deming’s philosophy is not adapted by Kinnaird. They pressurized their students and teachers for specific tasks by providing deadlines which results in hectic routines. As QEC bound teachers to some certain dates for submission which produces a fear in student and he/she is stressed out and is burdened. 9. Break down barriers between staff areas According to this point, Kinnaird have barriers in staff areas. Every teacher works on their own, there is no specified format. Every teacher molds the restriction provided by the institution in their own manner which results in the difficulties for students. 10. Eliminate slogans, exhortation and targets for the workforce As this philosophy, Kinnaird has set targets for their workforce and pin them again and again to complete that task in given time, for example the dates for the submission of test and assignments of students. There the exertion of work leads to hectic routines which results the quality they provide. 11. Eliminate numerical control for the workforce According to Deming’s work study...
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...1. What are some non-tax considerations that should be taken into account in determining whether to operate a business as a partnership or corporation? There are couple things other than tax that need to be considered before staring a business. In a partnership, the owners are personally liable for the partnership’s debt, which means if the assets within partnership could not satisfied, owners are responsible for the remaining balance. However, owners of a corporation are generally not liable for the corporation’s liability. The ownership is easier to be transferred or sold to the other party in a corporation than in a partnership. Moreover, corporations will continue in business upon the death of shareholders. In a corporation, the company is liable for the unemployed insurance; however, the partnership is not responsible for this. In addition, generally, it will cost less to start a partnership than a corporation. Therefore, owners should take considerations of these points and the objective of the business in order to determine whether to operate a partnership or a corporation. 2. Barbara owns 40% of Partnership A and 40% of C Corp B. Each entity has $100,000 of net taxable income. Neither entity makes any distributions. What are the tax consequences to Barbara from each of her investments? Will either entity have to pay tax for the year? If so, how much assuming a 35% tax rate? Since partnership A has $100,000 net taxable income, and Barbara owns 40% of the partnership...
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...1. Evaluate the following statement. Is it a valid statement? If so, why is it valid; if not, why is it not valid? Cut out the middleman (retailers, distributors, etc.) and you will reduce the prices consumers pay for products. The distribution of products rarely flows from producer directly to the consumer. Rather, supply chains are developed to distribute products to consumers. Decisions related to distribution and supply chain are highly important. Some believe that cutting out the middleman in the supply chain, which are retailers, distributors, etc., will reduce the prices consumers pay for products. However, their belief is invalid. Supply chains are developed out of necessity. Many firms do not possess the capabilities to meet the needs of their supply chain. For example, a firm may not have the adequate resources to distribute or store their products. Therefore, instead of investing in a system to deliver their products, the firm may decide to use a distributor with adequate resources. If the firm were to develop their own distribution system, the consumer will likely see an increase in the price paid for the firm's products to offset the cost of the firm's investment. Therefore, cutting out the middleman is not guaranteed to reduce the prices consumers pay for products. In addition, even if a firm is able to successfully cut out a middleman in their supply chain does not guarantee a price reduction for consumers. The firm may decide to increase their profit margin...
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