...INTRODUCTION: The budget preparation phase starts with the Development Budget Coordination Committee (DBCC). It is headed by the DBM Secretary and its members are the Secretary of Finance, the NEDA Director-General, and the Bangko Sentral Governor, with the Office of the President for general oversight. The NEDA provides the over-all macro-economic assumptions with which budgetary levels are to be determined. They involve the projected Gross National Product (GNP) real growth rates, inflation rates, 91-day treasury bill rates, the London Interbank Offered Rates (LIBOR) rates, foreign exchange rates, population growth, and other economic parameters. The Department of Finance (DOF), the Bureau of the Treasury, the Bureau of Internal Revenue and the Bureau of Customs help the DBCC in determining the sources of financing. They project the revenues that will be generated for the budget year as well as the borrowings that may have to be tapped. The DBCC determines the overall economic targets, expenditure levels, the revenue projection, deficit levels and the financing plan. It submits them to the President and the Cabinet for approval. Once these are approved, the DBM issues the Budget Call. This requires agencies to prepare their budgets in accordance with the said guidelines, macro-economic assumptions, and ceilings. The DBM spells out guidelines, procedures, and timetables. Agencies undertake their own internal consultations. They rank programs, projects and activities using...
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...Asian Institute of Computer Studies Commonwealth Project in ENGLISH 3 Script of a Business Meeting Mark John Kenneth C. Gavin AE3DA Mr. Alex Cabales English 3 CABOT MICROELECTRONICS CORPORATION ANNUAL MEETING OF STOCKHOLDERS TUESDAY, MARCH 4, 2014 8:00 A.M. THE CHAIRMAN OF THE MEETING – Eren Jeager THE SECRETARY – Mikasa Ackerman JEAGER: Good morning, I’m Eren Jeager, Chairman of the Board, President and Chief Executive Officer of Cabot Microelectronics Corporation, and I’m pleased to welcome you to our Annual Meeting of Stockholders. The script of our Annual Meeting will be available following the meeting through our website at www.cabotcmp.com. I would like to remind all of you that our conversation today may include statements that constitute forward looking statements. Such statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from these forward looking statements, and we assume no obligation to update them. Mikasa Ackerman, the General Counsel and Secretary of our Company, will act as Secretary of the Meeting. First, I would like to emphasize our appreciation for our Board of Directors and the advice and guidance provided to our company. I would like to acknowledge the members of our Board of Directors, the following of whom are with us today in person: Bob Birgeneau, Jack Frazee, Larry Fuller, Rick Hill, Barb Klein, Ted Mooney, Steve Wilkinson, and Bailing...
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...Starbucks Firm Profile Size 9,405 total company-operated Starbucks stores open (as of September 30, 2012). 160,000 employees. 12 properties internationally for manufacturing, roasting, distribution, warehousing and administering; totaling in (approximately) 3,436,000 square feet. Corporate Strategy Business: Recording achievements by living up to its heritage, Starbucks balanced profits with a social conscience. Its commitment to creating shareholder value through the lens of humanity is truly a cornerstone of Starbucks global strength, especially as it pursues the most ambitious agenda. The Blueprint for Profitable Growth: leverage multiple channels of distribution. Mission: We will always be a coffee company whose core business is to ethically source and roast the highest-quality arabica coffee in the world, as we simultaneously create authentic connections with our customers and the communities we serve. Values: First, we will remain committed to our coffee core. Second, we will exercise relevant, timely, and courageous innovation. And third, we will ceaselessly honor our values. We’ve been building a company with a conscience for four decades, and the reservoir of trust we have earned is perhaps our most precious asset. As we continue to execute our Blueprint for Profitable Growth to become a truly performance-driven global organization, we are committed to leading through the lens of humanity, not just when it is convenient or easy. This alone makes our partners...
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...producer of FIRE AND SECURITY industrial valves SYSTEMS w e h a v e g row n o u r ea rni ng s a t a 35% com pounded r ate for the past fi v e y ear s we lead the burgeoning global market in undersea fiber optic telecommunications W E H AV E 1 8 2 , 0 0 0 EMPLOYEES IN OVER 80 COUNTRIES AROUND THE we are a global leader in disposable health care we achieved sales of over $22 billion in fiscal 1999 we do not make toys . . . and never have 1 1. telecommunications and electronics If you knew Tyco last year, look again. The Company has evolved into a leader in the fast-paced, high-tech world of electronics. Our merger with AMP, the world’s largest maker of electrical connectors, and the acquisition of Raychem, a leading manufacturer of high-performance electrical components, created the nucleus for the formation of Tyco Electronics Corporation, the world’s largest supplier of passive electronic components. The diverse capabilities of AMP and Raychem, combined with the soaring growth of our telecommunications business, means that in fiscal 2000 Tyco will derive 40 percent of its revenue from telecommunications and electronics. The products we make are hard to see, but they are virtually everywhere — you use them every day. You’ll find AMP and Raychem connectors, as well as wireless, touch screen and fiber optic components, in cellular products,...
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...movies, athletic events, months, holidays, etc. to go along with Subway‟s existing promotional deals such as the “$5 Footlong” sandwich deals. Subway creates daily incentives for customers and provides a multitude of product offerings that allow Subway not to get stagnant or predictable to consumers. “Take your pick; eat a sandwich on a budget and lay out $5 for a 12‟inch submarine, or eat a fresh, healthy one to train like Michael Phelps, lose tons of weight like Jared Fogle (Subway spokesman), or eat a green avocado topped sandwich in commemoration of The Green Lantern motion picture. For any reason, or any cause, there is a Subway sandwich for you.” The possible cross-promotional functions of venturing with a strong commercialized corporation will have a large impact on future revenues in the long run. For example, when Subway promotes a movie in theatres, they hope to create an...
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...rP os t W11083 HEALTHY LIFE GROUP op yo Ian Dunn wrote this case under the supervision of Elizabeth M.A. Grasby solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be transmitted, photocopied, digitized or otherwise reproduced in any form or by any means without the permission of the copyright holder. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Business School, Western University, London, Ontario, Canada, N6G 0N1; (t) 519.661.3208; (e) cases@ivey.ca; www.iveycases.com. Copyright © 2011, Richard Ivey School of Business Foundation Version: 2015-04-28 NUTRIFUSION tC It was early June 2010, and two months had passed since Heather Larson had been granted exclusive Canadian distribution rights to the Nutrifusion product. She had been very busy trying to develop the best strategy for this exciting new product. Nutrifusion had been sold successfully in the United States, and Larson believed it had the potential to earn strong profits and to provide her with a new career; however, as with any new venture, inherent risks were involved. Larson, in partnership with her father, Jeff Larson, was contemplating...
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...Form 10-K 1 of 56 http://www.sec.gov/Archives/edgar/data/1046501/000104596903000752... 10-K 1 d10k.htm FORM 10-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 29, 2002 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From to . Commission file number 0-25721 BUCA, INC. (Exact name of registrant as specified in its charter) Minnesota 41-1802364 (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification no.) 1300 Nicollet Mall, Suite 5003 Minneapolis, Minnesota 55403 (Address of principal executive offices) (Zip code) (612) 288-2382 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: common stock, par value $.01 per share. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨ Indicate by check mark if disclosure of delinquent filers pursuant...
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...ASSIGNMENT 1 BRIEF |Qualification |BTEC Level 5 HND Diploma in Business | |Unit number and title |Unit 1: Business Environment | |Assignment issued | |Assignment due | | |Assessor name | | |Assignment title |Businesses and Their Interactions with National Environment | | | | | |This assignment encourages learners to identify purposes of different types of organization and to | | |investigate the national environment in which businesses operate, which correspond to Learning Outcome 1 and | | |Learning Outcome 2 of the unit/course. | | |Scenario: | | |You have...
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...(P4) Explain how both fiscal and monetary policy decisions have affected a selected business In this part of my assignment I will be explaining the use of fiscal and monetary policy and how these policies affect global/international organisation. The organisation I have chosen to refer to in this part of my assignment is Microsoft. Microsoft is an American multinational software corporation headquartered in, Washington that develops, manufactures, licenses, and supports a wide range of products and services related to computing including Laptops, computers, Xbox 360 and Xbox one. The company was famously founded by Bill Gates in 1975. Microsoft is the world's largest software maker measured by revenues and so far has made $77 billion up to now in 2013 alone. Fiscal policy Fiscal policy is the use of government expenditure and taxation to try to influence the level of economic activity. The varied use of raised and lowered fiscal policies can have a number of effects on customers, public sector organisations such as the NHS and Police and private limited organisations such as Tesco and Microsoft. Below I will describe how different fiscal policies will directly affect Microsoft and its customers. Cuts in income tax If the government fiscal committee decide to cut income tax then this has a direct effect on organisations because it means Microsoft will gain more disposable income and capital spending as some of their revenue income which would go to government is being...
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...report must be read with the disclaimer on page 11 that form parts of it. Issued by The Hongkong and Shanghai Banking Corporation Limited. Country’s 38th national budget unveiled by the Finance Minister GDP growth rate projected 5.50%, lower from current fiscal year estimate of 5.80% Inflation to ease at 6.50% from 7.00% this fiscal year FM opines that in global context the deficit in this expansionary budget is minimal The Finance minister presented a BDT1.138 trillion (Tk 1,13,819 crore) national budget forthe fiscal 2009-10. The main goals of the budget are to effectively fight off the impacts ofglobal recession, maintain macroeconomic stability and develop infrastructures relying moreon the public private partnership (PPP) concept. Projection for the gross domestic product(GDP) growth is 5.5% in the next fiscal, which is lower from the current fiscal year's revisedestimate of 5.8%. Inflation is expected to be around 6.5% in 2009-10 from 7.0% in the currentfiscal year. In his budgetary speech, the minister showed optimism about growth in domesticrevenue generation due to expansion of tax and non-tax revenue despite the negative impactof the ongoing global recession on export earning and inflow of remittance. The Ministeradmitted that the budget might look “slightly expansionary'” He opined that, compared tomost other countries the fiscal deficit here was minimal in the context of the current globalcrisis, & accordingly, the budget attempts to stimulate local...
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..."count on" growth going forward. While growth-enhancing strategies may work, and corporations may invest more as jobs and demand pick up, creating a virtual cycle, the scale of efforts and mixed results over the past two years suggest that any counting on growth must also prudentially count on associated risks. The risk of a fiscal stimulus that does not deliver on growth is an added government debt burden. While there is perhaps no immediate fiscal crisis and the woes of European countries only strengthen the role of the dollar as international reserve currency, there are three issue to worry about: 1. An American debt crisis is unlikely to be a smooth outcome; it will more likely be a trigger strategy at which its risks start looking worse than another group of countries and investors switch to a more diversified base of international currencies for their reserve holdings. This will likely erode the liquidity premiums built into different ends of the Treasury curve and raise the borrowing costs steeply and abruptly. 2. When an American debt crisis looms large, any current government would hate to be the one that takes tough measures to rein them in as the end game approaches. They would all want to borrow, even at exorbitant costs, to roll on the debt and pass on the cost to the next cycle of politicians. This political economy consideration implies that there is a prudential need to manage fiscal issues ahead of time, rather than by reacting at the end. It is quite possible...
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...DIC Annual Report 2013 Year ended March 31, 2013 D IC Corporation, one of the world’s leading diversified chemicals companies, is also the core of the DIC Group, a multinational organization with a network comprising more than 180 companies in 62 countries and territories worldwide. Established in 1908 as a manufacturer of printing inks, DIC has capitalized on its extensive technologies, know-how and experience in the years since to transform itself into a global powerhouse in key fields of endeavor. Today, DIC and the companies of the DIC Group supply an extensive lineup of products in four business segments: Printing Inks & Supplies, Neo-Graphic Arts Materials, Synthetic Resins and Chemical Solution Materials. Now in its second century in business, DIC is redoubling its efforts to develop and market innovative, highperformance products that respond to market needs, in line with its “Color and Comfort by Chemistry” management vision. As a responsible corporate citizen, DIC is also working to contribute to environmental and social sustainability. Color and Comfort by Chemistry The DIC WAY Through unceasing innovation, the DIC Group strives to create new value directed at sustainable development for its customers, society and the environment. • We shall hone our sensitivity to changes in society and be aware of our mission to always be ahead of the times. • We pledge to incorporate the concepts of social and environmental sustainability into our corporate activities...
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...Week 5 Assignment New House Risks and Benefits Jacqueline Miller XECO/212 07/13/2012 David Cullipher The government only has indirect control over the economy the direct control comes from the hands of investors, banks and corporations, fiscal policy means the government influence the economy it revolves around spend and tax involvement. There are benefits with fiscal policies; it can move around the structure of economic expenses. Cast for mortgage rates there is no way to tell what the market will be whether it will continue to go down over the next year or two. Stability Mortgage plan might work to stabilize the market for a shorter period of time by reducing foreclosures. As it stands the markets are still declining and for a first time buyer it is a good time to buy with the incentive of for the housing stability plan it afford the home buyer $8,000 tax credit first time buyer also is for someone who has not owned a home in the past five year. In other saying a stronger economy will offset the effects of higher mortgage rates. There has been a suggested drop of 10% may be in order next year while mortgage rates grows higher and many households are still having to service debt loads, however real estate’s sales data shows that less houses have been listed and prices are unchanged from a year ago. Today’s market based on what state it is the market for housing still has hope sales of new occupied homes are up and home prices are rising in most markets, although...
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...Since the dawn of time human beings have conducted business of some type or other. In Biblical times people had to work and pay taxes to the king or were beaten or killed. In the early history of our country we traded and bartered with the Indians. This system meant trading something you had, like fur pelts to keep you warm on cold winter nights in exchange for whiskey or guns. However, over time businesses expanded to mean the single proprietorship of a little outside café to the CEO of a multi-million dollar business and included for-profit and non-profit organizations. The role of business today is to provide the consumer with something they need or desire. They are the foundation on which this country thrives. Without businesses that pay taxes we would not have federal and state dollars to pave roads or feed the hungry. Capitalism or free enterprise is what allows owners to open a business of their own imagination and try to be successful. However, being successful comes with not only obligations towards the consumer that buys their product but also to society. The ethics and social responsibility of a company can make or break the company. Issues that may arise are how they treat their employees, how they treat their customers, do they outsource their jobs and how their business impacts the environment. There are two types of businesses, for-profit and non-profit. Both organizations are similar in that they can be set up and structured like a business and both can...
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...environment in the world today explaining the role of business in the economy, for-profit and non-profit organizations, fiscal and monetary policies, accessing the global market, and social responsibility to a stakeholder group. Although there are many different types of businesses in the world today, they all hold the same functions in the economy; to use the factors or production in the best possible way to reach a certain market supplying goods and services to an economy in search of profit. I used the Business 100 book along with credited sources to get information for this paper. My methods for finding information came from chapters one through four in the Business 100 book and searching key words on the internet. I concluded that the role of business in the economy is very important to how an economy progresses or declines. Business does this by operating by fiscal and monetary policy in the country and accessing global markets in search of new outlets worldwide all while pleasing the stakeholders in every category. Inside every economy there are factors that participate in how that economy succeeds or fails. Business is one factor that plays a major role in any economy. Without business there essentially is no economy. Whether it is for profit or non-profit, business can contribute to an economy’s development with the factors of production, adapting to fiscal and monetary policy, accessing global markets, and being socially responsible for its stakeholders all while achieving...
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