philosophy. Vanguard is committed to a philosophy of cost minimization and high-quality service to its clients-shareholders. Vanguard offers its services on an at-cost basis because the company is owned by the mutual funds it distributes‚ or indirectly by investors in those mutual funds. Minimizing costs for Vanguard translates into maximizing profits for its shareholders and clients. Providing high-quality services aims at guaranteeing client satisfaction. Vanguard’s success is largely attributable
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Joe Dowell Service Management Dr. Ronnie Holmes Case Study: Boomer Consulting‚ Inc. Introduction Case 9.1 involves Boomer Consulting Inc. beginning with the early years when the organization‚ as a division‚ was a small regional CPA firm of Varney & Associates headed by a single partner‚ L Gary Boomer. As time went by‚ and the division’s revenue grew Varney & Associates separated the consulting and accounting practice‚ creating a wholly owned subsidiary‚ which continued to be headed by L
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PENSION FUNDS A pension plan fund is established for the eventual payment of retirement benefits. A plan sponsor is the entity that establishes the pension plan. A plan sponsor can be: • A private business entity on behalf of its employees‚ called a corporate plan or private plan. • A federal‚ state‚ and local government on behalf of its employees‚ called a public plan. • A union on behalf of its called a Taft-Hartley plan. • An individual‚ called an individually sponsored plan. Two
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Case Study # 1: South Delaware Coors‚ Inc. Analysis Summary Main Problems Two issues are present in the case. The first is a decision on what research should be conducted by Manson and Associates to allow Larry Brownlow to estimate the feasibility of a Coors beer distributorship for a two-county area in Delaware. This issue is evident‚ even stressed‚ throughout the case. The second issue is a decision on whether or not the distributorship is feasible or‚ in other words‚ a go/no-go decision
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PROJECT REPORT ON MUTUAL FUND PRESENTED TO: Arpita Ma’am PRESENTED BY: Khushboo Sharma Tanuja Joshi Shaluni Khetwani Nidhi Gandhi
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The Employee’s provident fund and miscellaneous provisions Act‚ 1952 Introduction The Employees Provident Fund is set up under the Central Act viz. Employees Provident Fund and Miscellaneous Provisions Act‚ in the year 1952. It is applicable throughout the country (except Jammu and Kashmir) * It is applicable to almost all establishments falling under the industries/class of establishments‚ wherein 20 persons are employed. * In the case of cinema theatres workers‚ it is applicable to
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Q1‚ While pension funds hold bonds as their asset‚ they also have obligations as liability. Lower interest rate‚ namely a lower discount rate‚ on one hand‚ increases bonds’ return‚ on the other hand‚ it also increase pension funds’ liabilities‚ which is the discounted value of future obligations. Moreover‚ bonds in asset side are usually in shorter term than long-term liabilities‚ and therefore are less sensitive to interest rate change. As a result‚ the increase in liability exceeds the value increase
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Introduction Porter (2002) states that root of the problem lies in the lack of distinguishing between operation effectiveness and strategy. The expedition for productivity‚ quality and speed has resulted in management tools and techniques‚ total quality management benchmarking‚ time based competition‚ outsourcing‚ partnering‚ reengineering‚ change management. In any organization‚ strategy management is the key to its success. There are many theories based on this assumption that without a proper
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Mutual Funds and Other Investment Companies Multiple Choice Questions 1. Which one of the following invests in a portfolio that is fixed for the life of the fund? A. Mutual fund B. Money market fund C. Managed investment company D. Unit investment trust 2. ______ are partnerships of investors with portfolios that are larger than most individual investors but are still too small to warrant managing on a separate basis. A. Commingled funds B. Closed-end funds C. REITs D. Mutual funds 3. A
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I. EXECUTIVE SUMMARY The history of KFC came about due to a very innovative and driven man named Harland Sanders‚ the creator of KFC in 1952. In order for Harland Sanders to gain prospective franchisees he traveled across the United States to find the potential buyers. In the 1960’s KFC became the first fast food chain to go international. “Colonel Sanders” began to franchise and took over two hundred restaurants and home retail outlets across the US. In 1963‚ the number of KFC franchises
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