Briefly Describe Corporate Loans to Shareholders,directors and Employees and the Concerns

question 3

Essay

Briefly describe corporate loans to shareholders,directors and employees and the concerns behind considering restricting such loans from a tax perspective.

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Definitions:

TQM

Total Quality Management is a management approach focused on long-term success by focusing on customer satisfaction, and involving all members of an organization in improving processes, products, services, and the culture in which they work.

Organizational Change

The process through which organizations transform their structure, strategies, processes, or culture to adapt to changes in the environment.

Reengineering

is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, quality, service, and speed.

Statistical Process Control

A methodology for monitoring, controlling, and improving a process through statistical analysis.