After reading this article you will learn about:- 1. Concept of Quality Circles (QC) 2. Objectives of Quality Circles 3. Merits 4. Factors. Concept of Quality Circles (QC): The concept of quality control originated in the U.S. and was taken to Japan by W. Edwards Deming who marked the beginning of revolution in quality control. As quality control awareness increased [...]
This article throws light upon the top five applications of time value techniques. The applications are: 1. Sinking Fund Problems 2. Capital Recovery Problems 3. Compound Growth Rate Problems 4. Interest Rate Problems 5. Valuation Problems. Time Value Techniques: Application # 1. Sinking Fund Problems: A financial manager may have to determine the amount of annual payments so as to [...]
This article throws light upon the top two techniques used for adjusting time value of money. The techniques are: 1. Compounding Technique 2. Present Value Techniques. Adjusting Time Value of Money: Technique # 1. Compounding Technique: The time preference for money encourages a person to receive the money at present instead of waiting for future. But he may like to [...]