Redo
Match the following terms with the appropriate definition
Purchasing
Central purchasing Agent
Lowest responsible bidder
Standardization
Specification
Life-cycle costing
Total-purchase costing
Ordering costs
Incremental costs
Carrying costs
Shortage costs
Total desirable inventory
Preventative maintenance
Maintenance prevention
Risk control
Security
Risk funding
Insurance
Total Cost Production manager assigned to monitoring the delivery services, developing a list of qualified vendors, purchasing standardized items, and uses specification.
Cost associated with disappointing a client, legal settlements, lost labor costs, delay and failure of service.
3.
Coverage which is paid for by monthly or yearly premiums and will pay out in the event of an emergency
4.
Minimizing maintenance by using good equipment and facility design
5.
Reduction in risk through careful procedures and practices in security
6.
Providing sufficient funds to meet possible loss situations
7.
Requires periodic inspections and upkeep
8.
Company a qualified company that has the lowest bid on a product or project
9.
Total...
Revenues for the Miami Dade Police Department 2011 to 2012 Revenue Source Amount (in thousands of dollars) General Funds $488,535 911 Fees $13,249 Parking / Traffic Surcharges $4,190 Federal Grants $9,204 Carryover $15,738 Contract Services $63,262 Miscellaneous $4,172 ("FY 2011-2012 Budget," 2011) These numbers are showing how the Miami Dade Police Department receives additional forms of income from various fees, contract services, grants and other programs. The combination of these elements is used to provide the community with protective services. How are the revenue amounts expected to change in
According to Fickes, GASB 34 changes traditional government accounting to give the readers of government financial reports a more accurate reading of everything (2002). Private accounting firms do not follow these standards because they are not responsible for being accountable to the taxpayers. Budgeting and Financial Reporting in the Government The government cannot just act as it wishes when it comes to budgeting and financial reporting. For this reason, there is
The problems with the budget are said to arise from politicians who are unable to make difficult decisions. The problem with these laws is that they do not explicitly force politicians to make those decision. GRH provides targets for the politicians to work towards, creating motivation, and the BEA provides a framework for penalizing inaction, but neither truly forces politicians to make the tough choices. Real political solutions involve actually
This demographic understands how investment markets work and is likely to make the smart and responsible choices with these investment funds to ensure that they have a good retirement. The demographic that is least likely to benefit from such a plan is the demographic at the lower end of the income scale, blue collar workers with less education, minorities, new immigrants, and rural people. These demographics are generally less wealthy
Property tax relief is a subject that arises when the elderly or poor struggle to meet their property tax burdens. If they are long-term residents, they can be caught up when their neighborhood sees a dramatic increase in property values. There are sometimes mechanisms that governments use in order to provide relief. Both tax credits and rebates can be used to help return some of the money paid or that is
A sales tax is particularly regressive because low income people spend a greater percentage of their income. They might spend 100% of their income, which means they would pay a sales tax on all of that money. A wealthy person will spend more in terms of dollars on a sales tax, but will also not spend 100% of his or her income. Some of that income will be saved,
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now