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TQM Links Organizational Objectives and the Behavior of Individuals

question 86

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TQM links organizational objectives and the behavior of individuals.


Definitions:

Zero Coupon Bonds

Pay no coupons at all, but are offered at a substantial discount below their par value and hence provide capital appreciation rather than interest income. Sometimes referred to as “stripped bonds.”

Callable Bond

A bond that can be redeemed by the issuer before its maturity date at a specified call price.

Income Bonds

Bonds that pay interest only when the issuer has sufficient earnings, providing a variable income stream based on the issuer's profitability.

Yield to Maturity

The total return anticipated on a bond if it is held until the date it matures, reflecting interest and price appreciation.

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