1. A company that sells smartphones reported annual sales of $ 280,000 and inventory of $92,000. Assuming that units in inventory are valued (based on cost of goods sold) at $600 per unit and are sold for $800 per unit, what is the company’s annual inventory turns?
2. What is the relationship between a Methodology, (like Waterfall or Agile), and a Business Case? Please elaborate the answer.
3. In what ways is employee involvement and employee ownership in the quality concept cultivated in Total Quality Management (TQM) organizations?