A tradeoff process is appropriate when it may be in the best interest of the Government to consider award to other than the lowest priced offeror or other than the highest technically rated offeror. government policy is formed as a result of the. (b) When using a tradeoff process, the following apply: )The government pleases environmental (a)A tradeoff process is appropriate when it may be in the best interest of the Government to consider award to other than the lowest priced offeror or other than the highest technically rated offeror. Which aspects of fiscal policy have the greatest effect on you? "Maximize corporate wealth": C) clearly places shareholders as the primary stakeholder. to the Small Business Administration for a Certificate of Competency Which of the following is NOT typically associated with the public ownership of business organizations? federal government. A copy of the record placed in the file may be provided to the offeror. Short-term objectives and long-run growth are sacrificed. For instance, a. it allocates goods and services in a free market b. it allows producers to keep profits c. The government manages the economy Value: 2 Which of the following best characterizes Karl Marx's ideal of communism? TRUE OR FALSE: Companies that are delisted cease to trade. )free, competitive and fair elections The impact on the efficiency of the acquisition; and. Declaration of Independence A: Goods that the government makes available A : Goods that the government makes available 16. Determine the ending merchandise inventory and cost of goods sold amounts for the October financial statements using the FIFO, LIFO, and weighted-average inventory costing methods. Which theory of government is represented by the social movement "Occupy Wall Street?". When entering into these types of decisions, it is important to consider the opportunity cost, which is the benefit that is being lost from the thing that is being sacrificed. Separation of powers includes ______________ as well as the branches of the federal government. All evaluation factors and significant subfactors that will affect contract award and their relative importance shall be clearly stated in the solicitation; and. Finally, you know that you might wake up with a headache and most likely will miss your Saturday morning workout that you look forward to. B. ANSWER :- OPTION :- " D "Short-term objectives are prioritized over long-run growth. D) All of the above are TRUE. C) spinouts from larger firms approach be more effective? By going into the workforce, you know that you will potentially be missing out on higher earnings in the future. D) 83.33%; 33.33%. In deciding what information to obtain through an oral presentation, consider the following: (1) C) minimization of the firm's effective global tax burden the legislature making them perpetual and performance need not be an evaluation factor in lowest price technically The owner evaluates how much money he or she is going to spend and likely how much revenue or sales will be earned as a result of that investment. Marina wishes that she could be more politically engaged, but she does not have time to join a group, regularly attend rallies, or gather signatures. Accordingly, the solicitation may describe-. Control within a government for the purpose of achieving goals On which of the following does a representative democracy hinge? As a form of internal control, what documents would you review before paying an invoice received from a supplier? in the case of a procurement that is predominantly for the acquisition Thus the correct option is C. An administrative system developed to mnaintian the functioning of any country by maintaining peace and order by implementing laws and legislation of the constitution and providing better facilities to its citizens is referred to as government. The PPF captures the concepts of scarcity, choice, and tradeoffs. Direct link to muhammad iqbal zahir bin zaharudin's post Faced with this scarcity,, Posted 3 years ago. B) as a management objective treats shareholders on a par with other corporate stakeholders such as creditors, labor, and local community. D) all of the above. In considering the costs of oral presentations, contracting officers should also consider alternatives to on-site oral presentations (e.g., teleconferencing, video teleconferencing). a. C) limit the Federal Reserve Board's ability to engage in the buying and selling of gold. A. Of the following groups, which one is least likely to engage in political activity? activists by preserving public lands but also D) Auditors; regulators. (d) In contrast, in the United States only 20 percent expressed low levels of trust in people of their communities. C) the United States, United Kingdom, Canada, Australia and New Zealand. (1)Establish an evaluation team, tailored for the particular acquisition, that includes appropriate contracting, legal, logistics, technical, and other expertise to ensure a comprehensive evaluation of offers; (2)Approve the source selection strategy or acquisition plan, if applicable, before solicitation release; A survey of 300 employees shows that 138 of them are currently taking advantage of the Credit Union. A) forced delistings D. )separation of powers of the different branches . A. Magna Carta B. to slavery. | 1 They have more control and discretion over how money is used. An official website of the United States Government, FAC Number: 2023-02 Effective Date: 03/16/2023. In different types of acquisitions, the relative importance of cost or price may vary. C) has a broader definition than just financial wealth. : What implications to a federalist definition of national power did the Supreme Court, It strengthened the national government's. C) 33.33% (6) (3) At present, younger voters tend to be ____________ than older voters. For example, you might ask yourself, 'Should I go out to dinner tonight, or would I rather save my money so I can go to the movies tomorrow?' Which answer is a translation of this natural language sentence into formal logic? Short-term objectives are sacrificed to. Some examples are the number of workers and number of hours worked. B) Anglo-American activism. government, and government has no interest in services, cybersecurity services, systems engineering and technical \text{12}&&\text{45 units @ \$84 each}\\ Short-term objectives are sacrificed to achieve long-run growth. technical proposals will require no, or minimal, subjective judgment 3701 Note), and clearly describe the minimum requirements in terms of performance For example, when you buy the name brand cereal, you are making a trade-off against purchasing the generic brand and using the additional savings to buy another item you may not have been able to afford otherwise. Direct link to Faith Pearsall-Luna's post What're the 3 ways to dea, Posted 3 years ago. Exchange- traded contracts are standardized, meaning that the exchange determines the terms of the contract except the price. Which of the following best describes a monarchy? A: Compromise A : Compromise 15. could somebody explain a bit.like the exact relationship between scarcity and opportunity cost? It is fair to assume that constituent units - member states of the federation and municipalities - must balance these two possibly conflicting aspirations: legitimize their very existence on one hand, and manage their budget responsibly on the other. D) correct positioning of the firm's income, cash flows and available funds as to country and currency. Microeconomics focuses on how individuals, households, and firms make those decisions. Which of the following characterizes tradeoffs in government? the characteristics of Political Culture is said to include: Norms and values of people and Ideas of how the political system should He is an accredited wealth manager. As a grocery store shopper, you make a trade-off every time you put an item in your cart. Making Rational Trade-Offs in Business Decisions, Consumer Theories in Economics: Decision Making, Incentives & Preferences. C) the added risk that a firm's shares bring to a diversified portfolio. protect individual freedoms, Key documents in the evolution of American Democracy include all but In short, a trade-off in democracies can be defined as follows: a trade-off is an insoluble link between two inverse effects of an institution with regard to two dimensions. Which is the most basic way to stay engaged civically? The perceived benefits of the higher priced proposal shall merit the additional cost, and the rationale for tradeoffs must be documented in the file in accordance with 15.406. Unique characteristics of the U.S. Constitution include: Lifts certain basic principles form the hands of )The government pleases environmental In which form of government does a small group of elite people hold political power? brain stimulation would lead you to of. C) patient capital. The following factors apply when using a tradeoff process: (1) all evaluation factors and subfactors that will affect contract award and their relative importance shall be stated in the solicitation, and (2) the solicitation shall state whether all evaluation factors other than cost or price, when combined, are significantly more important than, O c. the profit motive. Trade makes some nations better off and others worse off. C) may leave management without a clear signal about tradeoffs among the several stakeholders. A state has been defined as a central impersonal bureaucracy that: All of the above All but one of the following is considered a political economic system. Sources of political legitimacy include all but: The fundamental precepts of American Democracy Include all but, A liberal democracy is characterized by all but; A) socialism. Let Quiz 3/Business - Business Communications, Criminal Justice - Crime Violence and Schools QuixDoc 2, Quiz Facts 8. A state has been defined as a central impersonal bureaucracy that: All but one of the following is considered a political economic system. a. All rights reserved. C) prices are the best allocators of capital in the macro economy. Which economic system is operating within asociety, a.Voting, attending a rally,active membership inan interest group, engaging in protests or civil disobedience, A message will be sent to your email address with instructions. Why or why not? B) tries to meet the desires of multiple stakeholders. The trade-off David makes is buying a minivan with plenty of seats so that he is able to transport his family safely and effectively. C) the proper role of stakeholders in the governance of the firm What're the 3 ways to deal with scarcity? (c) L. 115-232, 41 U.S.C. A) Equity markets; executive management source selection process is appropriate when best value is expected with section 880 of the John S. McCain National Defense Authorization A) the total risk to the firm. We reviewed their content and use your feedback to keep the quality high. Trade-Off Definition In economics, a very basic trade-off can be understood as the idea that if you choose one thing, you are going to lose another. You will likely spend $40 that evening and get home at 1 AM. (6) D) maximize the total risk to the firm. The impact (including cost) on small businesses. A cats ferocious response to electrical a. Lisa was restricted from making a sizeable addition to her home by the city's building code, so she decided to scale back and make a smaller addition. Things that are inputs to production of goods and services. c) Does the zzz-statistic seem like a particularly large or small value? A) corporate governance or. According to political scientists Jeffrey Berry and Clyde Wilcox, interest groups provide a means of representing people and serve as a link between them and government. The Power Elite. to result from selection of the technically acceptable proposal C) Executive management; auditors All of these. A trade-off is when you choose one thing which causes you to have to give up, or sacrifice, another. If the income tax rate was flat at 10 percent, all Americans would have to pay 10 percent of their income to the federal government. There are an unlimited amount of wants wants, but limited resources. Economics is the study of how societies choose to do that. explain?, Posted 3 years ago. My understanding of Occam's Razor is that when something is explainable in multiple ways, the explanation you should take is the one that makes fewest assumptions. 3701 Note), B) patient. C) the United States, United Kingdom, Canada, Australia and New Zealand. TRUE OR FALSE: The stakeholder capitalism model (SCM) holds that total risk (operational and financial) is more important than just systematic risk. You probably make decisions like this several times a day without even realizing it. competition between groups with different Which of the following describes a public good? D) All are associated with this type of corporate governance regime. The first trade-off might be the four hours you are giving up that you could use to perhaps finish your term paper. If you're a business owner, you make a trade-off every time you buy new equipment or a company vehicle. Equity Financing Pros & Cons | What is Equity in Finance? government policy is formed as a result of the Question: Which of the following is the primary reason that we face societal tradeoffs ? ", In order to reduce prison and jail populations your state A trade-off is understanding that you are going to lose something, in relation to time, money, or energy, when the decision to choose something else is made. operate. Civilian Agency Acquisition Council (CAAC), Interagency Suspension and Debarment Committee (ISDC). fulfillment of its Constitutional responsibilities. that the lowest price reflects the total cost, including operation Which of the following is generally NOT considered to be a viable operational goal for a firm? The method and level of detail of the record (e.g., videotaping, audio tape recording, written record, Government notes, copies of offeror briefing slides or presentation notes) shall be at the discretion of the source selection authority. What is the Fisher effect? D) all of the above are categories of delistings, D) all of the above are categories of delistings. B) minimize the total financial risk to the firm. The agency believes the The Sarbanes-Oxley Act, passed by the U.S. Congress in July 2002, was designed to: Oral presentations may occur at any time in the acquisition process, and are subject to the same restrictions as written information, regarding timing (see 15.208) and content (see 15.306). A) combines the interests and inputs of shareholders, creditors, management, employees, and society. B) movements of share listings from one exchange to another D) the risk that can be systematically diversified away. This subpart describes some of the acquisition processes and techniques that may be used to design competitive acquisition strategies suitable for the specific circumstances of the acquisition. Political science is above all the study of power and how it is: created, exercised, justified, and challenged, The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the. In Brazil, it's 63 percent. officer documents the file pursuant to 15.304(c)(3)(iii), past D) All of these responses may be possible and appropriate. a. hippocampus. Posted 4 years ago. Course Hero is not sponsored or endorsed by any college or university. raised? The way in which goods and services are distributed in a particular marketplace, c.The process of gaining control for the purpose of achieving governmental goals, c.Between state rights and federal rights. lessons in math, English, science, history, and more. Except for DoD, in accordance a. . The location, date, and time for the oral presentations; (5) Oral presentations provide an opportunity for dialogue among the parties. Which of the following is NOT a possible and appropriate response by shareholders dissatisfied with existing firm management of a publicly traded firm? Most are highly educated, often graduating from prestigious universities (Figure). I either love you or I hate you. Direct link to muhammad iqbal zahir bin zaharudin's post Scarcity is the basic eco, Posted 3 years ago. I would definitely recommend Study.com to my colleagues. 12. Some examples of. (f) Direct link to ifaza makhdoom's post Occum's razor? D) is the dominant form of corporate management in the European-Japanese governance system. Unsystematic risk can be defined as: (c) (a) Oct.3121835units@$82each45units@$84each75units@$90each. See trade-off vs. opportunity cost and how they relate. Knowledge-based training The need to incorporate any information into the resultant contract; (3) A. B) Shareholders could remain quietly disgruntled. D) the United States, France, Britain, and Germany. The word capital is used in everyday language to mean what economists would call. In case anyone else is curious: To what extent is Studying at University an Economic Choice? Class A has 5 million shares with 10 votes per share. TRUE OR FALSE: Having Anglo-Americans as members of the board of directors of a non-Anglo-American firm signals poor corporate governance in the firm. The opportunity cost in this example is the loss of a nice dinner, not having a new pair of jeans and shirt, and not having a gym membership. Which issue is a way that tradeoffs commonly occur in the American political process? L = The, Consider the following natural language sentence: All cats are awesome. Act for Fiscal Year 2019 (Pub. Foreign stock markets are frequently characterized by controlling shareholders for the individual publicly traded firms. A) maintaining a strong local currency Identification of Relevant Trade-Offs D) is appointed by the Securities and Exchange Commission (SEC). A) reinstitute heavy tariffs on international trade. Faced with this scarcity, "we" must choose how to allocate our resources. ________ is an example of an internal factor, and ________ is an example of an external factor. What do you think is the most challenging subject? A flat tax, which generally requires that everyone pay the same percentage rate, hurts the poor more than it does the rich. B) impatient capital. A) maintaining a strong local currency The primary operational goal for the firm is to: A) maximize after-tax profits in each country where the firm is operating. Which of the following characterizes socialism? In economics, the term trade-off is often expressed as an opportunity cost, which is the most preferred possible alternative. Liv gets $100 for her birthday and decides to spend the whole $100 on a new pair of shoes instead of using it for a nice dinner with her boyfriend or buying a new pair of jeans and a shirt or getting a gym membership. When assigning the concession to a company other than the least or most technically qualified original offer may be in the government's best financial interest, which effectively describes the process of tradeoff. C) as a maximum threat, initiation of a corporate takeover Types of speech that are not protected by the First Amendment to the Constitution include all but; According to the pluralist theory of government, ________. for a DUI you Complementary Goods: Examples | What are Complementary Goods? Because money, time, and energy are such valuable resources, it is important to understand what the opportunity costs are when making a decision so that you can make the most beneficial trade-off for each particular situation. C) Governments interfere more in the marketplace to protect important stakeholder groups. The Stakeholder Capitalism Model (SCM): TRUE OR FALSE: Agency theory states that unsystematic risk can be eliminated through diversification. During October, the store made the following purchases: Oct.335units@$82each1245units@$84each1875units@$90each\begin{array}{rlr}\hline I feel like its a lifeline. As a member, you'll also get unlimited access to over 88,000 Right Now uses the periodic inventory system, and the physical count at October 31 indicates that 130 units of merchandise inventory are on hand. A) peaked in the U.S. in 1996. A) impatient. Direct link to Peter's post Does the skill of a facto, Posted 7 months ago. B. the lowest price technically acceptable process, the following apply: (1) The We also must think about what type of satisfaction that purchase will give us. Which is a basic constitutional tradeoff? A) the number of insider vs outside directors TRUE OR FALSE: According to recent research, family-owned firms in some highly-developed economies typically outperform publicly-owned firms. contracting officers shall avoid, to the maximum extent practicable, using A. Canon Law B. B) mergers When government policymakers debate how to manage a tight budget, they often choose to cut lofty programs such as space exploration, supersonic flights, and reforming the air traffic control system. Economic Goals of the United States | Overview & Conflicts, Quantitative Techniques Used in Sales & Operations Planning. Economic resources are scarce. A) is the primary objective of the non-Anglo-American model of management. When oral presentations are required, the solicitation shall provide offerors with sufficient information to prepare them. By doing so, policies such as the open movement of capital and labor along with free trade may be restricted. offeror's proposal versus a competing proposal; (4) An introduction to the concepts of scarcity, choice, and opportunity cost. Which of the following is an example of a public good? TRUE OR FALSE: The stakeholder capitalism model does not assume that equity markets are either efficient or inefficient. a. Another function of interest groups is to help educate the public. Which of the following broad topics is NOT identified as an area to be established as good corporate governance practice by the Organization for Economic Cooperation and Development (OECD)? How did the delegates to the Constitutional Convention resolve their disagreement regarding slavery? D) bought. The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. Going out on Friday night could involve several economic trade-offs. the acceptability of offers; (2) D) all of the above. Only you can reason whether sacrificing a name brand item to buy an additional snack is worth it to you. D) Sarbanes-Oxley. D) Each of these goals may be incompatible with one or more of the others. Short-term objectives are prioritized over long-run growth. Pre-recorded videotaped presentations that lack real-time interactive dialogue are not considered oral presentations for the purposes of this section, although they may be included in offeror submissions, when appropriate. B) shareholder activism to attempt a change in current management B) lack of transparency Microeconomics is the study of singular markets, essentially businesses interacting with consumers, while Macroeconomics is a picture of all markets working together in a country's economy. Economics questions and answers. TRUE OR FALSE: U.S. listings of publicly traded firms as a percentage of worldwide listings of such firms INCREASED from 11% in 1996 to approximately 33% in 2010. Positive Economics Overview & Examples | What is Positive Economics? The restrictions governing the time permitted for each oral presentation; and. The less definitive the requirement, the more development work required, or the greater the performance risk, the more technical or past performance considerations may play a dominant role in source selection. Faced with this scarcity, we must choose how to allocate our resources. Opportunity costs are usually expressed in terms of how much of another good, service, or activity must be given up in order to pursue or produce another activity or good. An agency shall not create a tiered (or "cascading") evaluation of offers, as described in 13 CFR 125.2, for multiple-award contracts unless an agency has statutory authority. Try refreshing the page, or contact customer support. (b) When using a tradeoff process, the following apply: (1) All evaluation factors and significant subfactors that will affect contract award and their relative importance shall be clearly stated in the solicitation; and. If the contracting officer determines that a small business Samuel Hunnigton's book about the changing nature of world relations is: The agreement that citizens will consent to be governed so long as government protects their natural rights is called, Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging (b) D) all of the above Answer: D Diff: 1 L.: 4 The Goal of Management Skill: Conceptual AACSB: Application of knowledge. A) the use of stock options to align the goals of shareholders and managers The relationship among stakeholders used to determine and control the strategic direction and performance of an organization is termed: for a redress of grievances. If share price rises from $12 to $15 per share, and pays a dividend of $1 per share, what was the rate of return to shareholders? flashcard set. Besides voting, which is a less time-consuming commitment that Marina could make to staying politically engaged? In finance, an efficient market is one in which: Effects of Fiscal & Monetary Policy on Personal Finance, UExcel Organizational Behavior: Study Guide & Test Prep, Principles of Marketing: Certificate Program, Principles of Management: Certificate Program, Introduction to Management: Help and Review, UExcel Introduction to Macroeconomics: Study Guide & Test Prep, Introduction to Financial Accounting: Certificate Program, Financial Accounting: Homework Help Resource, Introduction to Organizational Behavior: Certificate Program, Introduction to Business: Certificate Program, Principles of Macroeconomics: Certificate Program, Human Resource Management: Help and Review, College Macroeconomics: Homework Help Resource, Create an account to start this course today. C) Shareholders, perhaps with the help of others, could attempt to initiate a takeover. acceptable source selections. (b)When using a tradeoff process, the following apply: Examples of, the logical principle that states you should make no more assumptions than the minimum amount needed to perform analysis; in economics, we use the concept of Occam's razor when we invoke the. The stakeholder capitalism model: a. TRUE OR FALSE: A recent study shows that privately held firms use less financial leverage and enjoy lower costs of debt than publicly traded firms. Direct link to 189414's post The conditions of scarcit, Posted 3 years ago. D) all of the above. According to William C. Mitchell as quoted in The Political Culture of the American States the major theme Technology is sometimes referred to as entrepreneurship. D) communism. jurisdictional boundaries between states and The exchange guarantees against default and requires margins or performance bonds. The shape of the PPF depends on whether there are increasing, decreasing, or constant costs. Aaron has worked in the financial industry for 14 years and has Accounting & Economics degree and masters in Business Administration. Direct link to ChipmunksInc's post Microeconomics is the stu, An introduction to the concepts of scarcity, choice, and opportunity cost, How would one describe the perspectives of scarcity and choice. This site is using cookies under cookie policy . Not all costs are monetary costs. A) maintaining a strong local currency Scarcity is why economics exist: we wouldn't have to worry about how scarce resources are allocated if those resources were unlimited. allowing them to drill on lands set aside for To unlock this lesson you must be a Study.com Member. Which of the following is always considered an excludable good? TRUE OR FALSE: The relatively low cost of compliance with the Sarbanes-Oxley Act (SOX) has been a surprising benefit of the act. Its like a teacher waved a magic wand and did the work for me. B) Debt markets; board of directors and services, or other knowledge-based professional services; (2) (g) by the source selection authority as to the desirability of one that could provide value or benefit to the agency; (5) - Definition & Example, Fixed Costs: Definition, Formula & Examples, Total Cost in Economics: Definition & Formula, Trade-Offs in Economics: Definition & Examples, Competitive Market: Definition, Characteristics & Examples, Convergence Theory: Definition & Examples, Crowding Out in Economics: Definition & Effects, Cyclical Unemployment: Definition & Examples, David Ricardo: Economic Theories & Concept, Deadweight Loss in Economics: Definition, Formula & Example, Demand-Pull Inflation: Definition, Theory, Causes & Examples, Diamond-Water Paradox in Economics: Definition & Examples, Diminishing Marginal Utility: Definition, Principle & Examples, Dumping in Economics: Definition & Effects, Economic Deregulation: Definition, Benefits & Example, Interest Group: Definition, Purpose, Theory & Examples, Intermediate Goods: Definition & Examples, Internal Stimulus: Definition & Explanation, Invisible Hand in Economics: Definition & Theory, Irving Fisher: Biography & Theory of Interest, John Maynard Keynes: Economic Theory & Overview, Joseph Juran's Theory & Definition of Quality, Keynesian Economics: Definition, History, Summary & Theory, Laissez Faire Economics: Definition & Examples, LM Curve in Macroeconomics: Definition & Equation, Macroeconomic Equilibrium: Definition & Overview, Marginal Analysis in Economics: Definition, Formula & Examples, Marginal Benefit in Economics: Definition & Example, Marginal Product of Labor: Definition, Formula & Example, Marginal Rate of Substitution: Definition, Formula & Example, Marginal Value in Economics: Definition & Theorem, Market Power in Economics: Definition, Sources & Examples, Medium of Exchange in Economics: Definition & Examples, Monopolistic Competition: Definition, Theory, Characteristics & Examples, Monopoly Power: Definition, Sources & Abuse, Moral Hazard in Economics: Definition & Examples, Multiplier in Economics: Definition, Effect & Formula, Oligopoly: Definition, Characteristics & Examples, Payoff Matrix in Economics: Theory & Examples, Perfect Competition: Definition, Characteristics & Examples, Perfectly Competitive Market: Definition, Characteristics & Examples, Post Hoc Fallacy in Economics: Definition & Examples, Potential Output in Economics: Definition & Overview, Price Ceiling in Economics: Definition, Effects & Examples, Business in Global Markets: Homework Help, Forms of Business Ownership: Homework Help, Entrepreneurship and Small Business: Homework Help, Managing and Leading in Business: Homework Help, Leadership Styles in Business: Homework Help, Business Production and Operations: Homework Help, Workplace Productivity & Motivation: Homework Help, Managing the Employer-Worker Relationship: Homework Help, Product Development and Retailing: Homework Help, Product Distribution & Supply Chain Management: Homework Help, Pricing Strategy in Marketing: Homework Help, Implications of Information Technology: Homework Help, Money and Financial Institutions: Homework Help, Information Systems and Computer Applications: Certificate Program, Intro to Excel: Essential Training & Tutorials, High School Marketing for Teachers: Help & Review, UExcel Workplace Communications with Computers: Study Guide & Test Prep, Effective Communication in the Workplace: Certificate Program, Effective Communication in the Workplace: Help and Review, What is Bluesnarfing?
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