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QUESTION 2 (a) Discuss five (5) features of companies operating a Just-in-time (JIT) and Total Quality Management (TQM) environment. (b) Discuss the two (2)

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QUESTION 2 (a) Discuss five (5) features of companies operating a Just-in-time (JIT) and Total Quality Management (TQM) environment. (b) Discuss the two (2) main assumptions underlying Throughput Accounting. 5 Marks 2 Marks (c) Discuss five (5) measures that can be put in place to close the Target Cost Gap under Target Costing 5 Marks (d) Discuss the decision criteria for the Net Present Value (NPV) technique to capital budgeting 3 Marks (Total: 15 Marks)

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