...Simplified Acquisition Procedures Glenn West Dr. Antoinette Bridges BUS 501007VA016-1128-001 Government Acquisition November 3, 2012 1. Define the term “simplified acquisition” as it relates to government acquisition according to the FAR. Simplified Acquisition is defined as acquisition of supplies, services or construction in the amount of $150K or less, with some exceptions, using the streamlined acquisition procedure. “Simplified acquisition procedures” means the methods prescribed in Part 13 for making purchases of supplies or services. “Simplified acquisition threshold” means $150,000, except for acquisitions of supplies or services that, as determined by the head of the agency, are to be used to support a contingency operation or to facilitate defense against or recovery from nuclear, biological, chemical, or radiological attack (41 U.S.C. 428a), the term means— (1) $300,000 for any contract to be awarded and performed, or purchase to be made, inside the United States; and (2) $1 million for any contract to be awarded and performed, or purchase to be made, outside the United States.(3) 2. Describe the circumstances under which the government allows the use of simplified acquisition procedures according to the FAR. Buying organizations have been and are taught to use the simplified acquisition procedures to the maximum extent that is practicable to purchase supplies and services not to exceed the simplified acquisition threshold ($5 million)...
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...correct. 2. Name all the factors that will cause AD to shift to the right. (Approx. 10) 3. Name all the factors that will cause AS to shift to the right. (Approx. 10) 4. How does an increase in the money supply affect the economy according to the monetarists v. Keynesians? 5. Which fiscal policy tool has the most direct affect on GDP? 6. Why do supply-siders think it is wise to reduce income taxes? And corporate taxes? 7. What is the difference between the simplified spending multiplier formula and the actual spending multiplier? 8. What is the difference between the simplified money multiplier formula and the actual money multiplier formula? 9. What is the difference between the monetary base and the money supply? 10. What two factors cause the money demand curve to shift? 11. Why is the reason the money supply curve is positively sloped? 12. What is the difference between crowding out v. crowding in? 13. What is the difference between discretion and rule based policies? 14. If you plan on buying Euros as a two to three year investment, what economic variable will have the greatest influence on your ability to profit from this investment? 15. What is the difference between commodity money and fiat money? 16. How do banks make a profit and how do they create money? 17. Name five purposes the Fed serves in the United States. 18. FOMC – What is it? Who is in it? How often? What do they do? 19. Is balancing the budget during a recession pro-cyclical? 20. What is...
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...What is Supply Chain Management? Since the term “supply chain” contains the word “supply”, many people naturally assume that supply chain must have something to do with suppliers (i.e. purchasing or procurement). While it is true that supply chain management does encompass the purchasing and procurement functions, supply chain management actually extends well beyond those areas. Supply chain management is the practice of manufacturing and distributing physical goods as efficiently as possible. Supply chain management encompasses the entire process of manufacturing and distributing physical goods, from supplier’s supplier to customer’s customer. Business functions that are within the realm of supply chain management include: forecasting and planning, procurement and purchasing, manufacturing and assembly, warehousing and distribution, shipping and transportation, returns and refurbishment, inventory management and order management. Or, stated more simply, supply chain management includes the functions: plan, buy, make, store, move, sell and return. For example, let’s look at [a very simplified version of] the processes that created the computer monitor upon which you are probably reading this text. The monitor was most likely assembled using components supplied by many companies in several different countries. The circuit boards and computer chips that control the monitor’s functions may have been manufactured in Singapore or Malaysia. The CRT may have been manufactured in Mexico...
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...Summer Assignment: Article Summaries Jose Reyes 9/1/14 AP Macroeconomics Mr. Garyn Summary of Article 1: “Small Business, Joining a Parade of Outsourcing” By Phyllis Korkki Feb. 15, 2014 - For smaller local businesses there is a cheaper alternative to getting one time projects professionally done. You can get someone from a foreign country to complete your one time project at a much lower cost than if you got someone from the United States with the same skill level. ODesk created its online marketplace in 2005 for smaller businesses to be able to see the individual ratings and portfolio of foreign workers willing to do a project for a small amount of money. http://www.nytimes.com/2014/02/16/business/small-business-joining-a-parade-of-outsourcing.html?_r=0 Summary of Article 2: “Food, housing costs rise sharply in March; overall inflation low”April 15, 2014|By Ricardo Lopez - Although during march, food and house costs rise, inflation remains at an average low. The Federal consumers price index rose by 0.2% while the past 12 months, overall inflation rose by 1.7%. Because of extreme weather behavior during march, the price of beef rose to an all time high rising up by 0.4% according to the Federal consumers price index. After the extreme weather behavior the index for meats, eggs, and poultry increased along with the rental index. http://articles.latimes.com/2014/apr/15/business/la-fi-mo-consumer-price-index-20140415 Summary of Article 3: “The New American...
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...order to be successful in providing excellent service and products to our customers. For True Vinyl, I propose utilizing: • Functional Area Information System for payroll this would help this business system for processing and payroll. The sales would have to be cost effective to be able to support the increase of employee’s to purchase this system. • Transaction Processing System this system would help out in sales with policies, procedures, equipment to help with point of sales. • Office Automation Systems this would help with middle managers, and knowledge workers. These employees would schedule resources for record sales projection with calendars and would communicate with e-mail, voicemail, videoconferencing and groupware. • Supply Chain Management System would help employees manage flow of products from various suppliers. If a customer is looking for a certain record we can look when we would be getting it in and...
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...realities of the society. (University of Phoenix, 2008, para.2 ).” In other words, economics is about making choices. It is not just about money and economizing, it is about weighing different choices or alternatives. Most choices involve money but most do not. Economics plays a role in peoples personal and organizational decisions every day. Important choices are how much time to devote to work, to school, and to leisure, how many dollars to spend and how many to save, how to combine resources to produce goods and services and how to vote and shape the level of taxes and the role of government. Economics also addresses the collective behavior of businesses, industries governments and countries. Economics is divided into microeconomics and macroeconomics. Microeconomics analyzes the market behavior of individual consumers and firms to try and understand the decision-making process of firms and households. It is focused on the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. Macroeconomics study the economy as a whole and is concerned with problems of inflation, business cycles, unemployment, and growth. Law of Supply and Demand Microeconomics focuses on patterns of supply and demand and the determination of price and output in individual markets. The law of supply states that as the price of a good or service increases, the quantity of goods or services offered increases and vice versa, all other factors...
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... ISBE-A IIPM (JAIPUR) Objectives of a Firm In about the eighteen-seventies, economists were rethinking the theory of consumer demand. They applied a version of "diminishing returns" and the Equimarginal Principle to determine how a consumer would divide up her spending among different consumer goods. That worked pretty well, and so some other economists, especially the American economist John Bates Clark, tried using the same approach in the theory of the firm. Following the Neoclassical approach, we will interpret "rational decisions to supply goods and services" to mean decisions that maximize -- something! What does a supplier maximize? The operations of the firm will, of course, depend on its objectives. One objective that all three kinds of firms share is profits, and it seems that profits are the primary objective in most cases. We will follow the neoclassical tradition by assuming that firms aim at maximizing their profits. There are two reasons for this assumption. First, despite the growing importance of nonprofit organizations and the frequent calls for corporate social responsibility, profits still seem to be the most important single objective of producers in our market economy. Thus it is the right place to start. Second, a good deal of the controversy in the reasonable...
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...Company chosen: Starbucks [pic] 1. Brief introduction to the company and its supply chain. Company Profile In 1971, a humble coffee house was opened in Seattle by three person- Jerry Baldwin (English teacher), Zev Siegel (History teacher) and Gordon Bowker (writer). The coffee house was named “Starbucks Coffee, Tea, and Spice”, inspired by the Melville’s Classic Novel “Moby Dick”. The original logo of Starbucks was a two-tailed mermaid circled by the name “Starbucks Coffee Tea Spices”. The company expended slowly and by 1980s, it had a roasting plant and 4 retail stores. In 1987, the owners decided to sell the business. Howard Schultz bought the company and became the president and CEO. Since then, Schultz brought in the experienced person, Howard Behar and Orin Smith to build the company. (1) By 1991, the company had over 100 stores and went listed in 1992. By 2011, Starbucks Corporation has 17,009 stores; 8870 owned stores and 8139 licensed stores. As of December 28, 2014, the total stores worldwide reached 21,878 in 66 countries. Products of Services Starbucks offers variety of premium products that customers can enjoy in the stores, at home, at office and on the go. The products offered are categorized into Coffee, Handcrafted Beverages, Merchandise, Fresh Food and Consumer products. In Coffee category, there are more than 30 blends and single-origin premium coffees offered. In Handcrafted Beverages category, Starbucks provides...
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...marks) 1. If inflation cannot occur without money, does this mean that changes in the money stock always causes changes in inflation and that controlling the money stock is the only way to control inflation? (6) This question needs to be simplified to: What is the connection between money supply and inflation? This is the situation of monetary validation. Assume the economy starts off at some stable position (E0) along the LRAS (at Y*), but there is a shock to the system such that Aggregate demand increases (rightward shift). The economy is now in an unstable position since an inflationary gap opens up. If market forces are left to operate: the inflationary gap implies an excess demand for factors of production and over time the wage rate will start to increase. This increases the cost of production so the SRAS curve shifts leftward. If market forces were left to operate over time the economy would move to a new equilibrium back at Y* but now at a higher price level. This new equilibrium would be stable. If the interest rate is fixed at some level there is then another force operating in the economy through the money market. The higher price level caused by the original outward shift of the AD curve implies a higher demand for money. So Qd (of money) shifts outwards. So long as the interest rate is fixed the monetary authorities must allow money supply to expand outwards to meet the new Qd of money. This new increase in money supply now causes an additional effect on the AS-AD...
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...|ELECTRONIC ASSIGNMENT COVERSHEET |[pic] | |Student Number |32477916 | |Surname |Helliwell | |Given name |James Maxwell | |Email |Jhel8204@uni.sydney.edu.au | | | | |Unit Code |BUS290 | |Unit name |International Financial Markets and Institutions | |Enrolment mode |External | |Date |10/4/2014 | |Assignment number |1 ...
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...his business? * Discussion SITUATION (OVERVIEW): Bill Norwalk is an entrepreneur in his 50’s that has a background in marketing and wants to launch a new industry that satisfies homeowner customer needs. BACKGROUND (OVERVIEW OF CASE): Norwalk’s construction experience taught him that traditional home improvement was an iffy proposition for both contactors and home owners. YHGP was attended by homeowners, contractors, and other service providers in the “one stop” environment that emphasized convenience as a marketing strategy. Norwalk knew he could bring together: 1. The designers and architects 2. The contractors and the labor supply 3. The financiers, insurers, and other project resources Norwalk acted as an intermediary between the supply side and the demand side so that all parties had the entire mess simplified. HOW YHGP DIFFERS: * One-stop shop * In concept- different from the DIY approach of...
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...evidence based literature, the six principles of accounting have been identified by Cleverley and Cameron (2007) , “accounting entity, money measurement, duality, cost valuation, accrual accounting, and stable monetary unit”. For these identified principles I would like to give a brief synopsis of each principle and the intention behind the principle. The first principle which is accounting entity, is the intent for the understanding of a financial statement. In this statement, financial information is not only recorded but also reported. Another description of the accounting entity principle is that it takes on more than one dimension or meaning in recorded information, reported or legal and needs to be well defined in order for a clear understanding of financial information to be conveyed to others. This relates to health care in that the budget for a service line to give patient care is written in a financial statement. The managers over the service line need to know how to read the statement in order to record money spent and read how much money is available to spend. Explaining the second accounting principle, money measurement is the yardstick of how far the money can be stretched in purchasing the necessary goods and providing efficient service to the organization. In other words, the goal is to make the most effective use of the money resources, in order to maximize output at the least possible cost. According to Cleverley, Song and Cleverley (2011), financial information...
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...liquidity trap • The classical case • The quantity theory of money • Fiscal policy and crowding out • Monetary accommodation • The effects of alternative policies on the composition of output • The U.S. economy in the 1980s and 1990s • Anticipatory monetary policy • The policy mix during the German re-unification Changes from the Previous Edition: The material in this chapter has been updated, but its format is essentially the same. More emphasis is given to the economic expansion in the U.S. in the 1990s. Introduction to the Material: Chapter 11 uses the IS-LM model derived in Chapter 10 to show how monetary and fiscal policies can be used to dampen economic disturbances. The economic effects of various policy mixes are highlighted in discussions of actual events: the recession and recovery in the United States in the 1980s, the U.S. recession in 1990-91, the long economic expansion thereafter, and the policies enacted by Germany during the re-unification process in 1990-92. First, the Fed's conduct of monetary policy is discussed, with an explanation of how open market operations can be used to change nominal money supply. The effectiveness of monetary policy in changing the amount of output demanded depends on the steepness of the LM-curve. The transmission mechanism, that is, the process by which monetary policy changes affect the economy, occurs in several steps. First, a change in money supply leads portfolio holders to make adjustments in their asset...
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...Economics is a social science commerce with the production and distribution of goods and services. It analyzes how resources are allocated between different uses and groups within the economy. The study of economics is divided into two areas, Microeconomics which analyzes the behavior of individual producers and consumers, focusing on the factors that influence their levels of production and consumption and the mix of goods involved. Macroeconomic analyze the economy as a whole, and deals with such topics as national income, balance of payments, overall savings and investment (Stone, G. 2008). Economics contributes to the development of policy formulation and decision-making for animal health projects and programs at multiple levels. Economic theory explains the behavior of producers and consumers, and the result of this on the price structure and on the productivity of the economy as a whole. In the livestock sector, it explains how economic factors influence producers, how they decide what and how much to produce, what prices are acceptable to them, why production is expanded or contracted, how much they invest etc. It also explains the economic factors underlying demand for livestock products, how these affect the amount and mix of products bought, and how prices are fixed in different circumstances (micro-economics). The economic position of the diverse livestock production systems can be described with collecting related information and using it as well as the data derived...
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...success. This success can be attributed to many factors such as the inexpensive labor found in the region, the ability to price furniture at a premium due to the lack of competition, and the abundant supply of materials found in the area that were needed to produce products. However, new competition as well has a growth in the economy causing increased labor cost has caused the profit margins of Guillermo Furniture to shrink substantially. The need for a new business structure and model has emerged in order for Guillermo Furniture to continue enjoying success and again obtain comfortable profit margins. Capital investment decisions can be critical to the success or failure of a business. Understanding the process of capital budget evaluation techniques is therefore an important step to decision making. Two basic categories of techniques exist, techniques that consider the time value of money and techniques that ignore the time value of money the later producing less accurate results but being easier to understand and compute. The time value of money concept takes into account that the current value of a dollar that is received in the future is less valuable than it is if received today (Edmonds, Olds, McNair, Tsay, Schneider, & Milam, 2007). The two most common time value of money measurements are net present value and internal rate of return methods. The net present value method measures the present value of cash inflows less the present value of cash outflows to produce the...
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