Business Principles
A financial document that projects an entity's cost for future major assets and the entity's long-term financing needs.
What is Capital Budget?
A statement by a governmental body to implement, interpret, or prescribe law or policy, or to describe organization, procedure, or practice, often promulgated in accordance with an administrative procedures act.
What is regulation?
A type of specification that describes the desired outcome or intended use of a commodity and how the commodity will perform (e.g., number of items, distance to travel, time required).
What is performance specification?
The state's central location warehouse stores the same items in consistent, designated space each time they are received.
What is fixed location?
The capacity to have an effect on the character, development, or behavior of someone or something or the effect itself.
What is influence?
A transfer of federal government funds to state or local governments to support or stimulate programs authorized by federal or state laws, to accomplish objectives that are locally defined and managed under a broad federal or state program.
What is grant?
Law based on custom and usage, or confirmed by court decisions, rather than law created by the enactment of legislative bodies. 2. The body of law created by court decisions rendered by judges; also known as case law or judicial law. 3. Principles and rules by which rights and obligations in commercial transactions are determined, found in the Uniform Commercial Code (2) business law.
What is common law?
A type of specification that establishes the characteristics an item must possess, including details indicating how it is to be manufactured. May include engineering plans or drawings, and blueprints. It states to the contractor in prescriptive terms what the contractor must provide to the buyer.
What is design specification?
The period of time from date of ordering to date of delivery, including the time required for the supplier to manufacture or prepare the goods for shipment; may include the time needed by the procurement function to process the purchase request, issue a solicitation, evaluate bids and award a contract.
What is lead time?
An assessment tool that measures how you respond to challenges, how you influence others, your preferred pace for speaking and processing, and how you respond to rules and procedures.
What is DISC?
DISC= Dominance, Influence, Steadiness, Conscientiousness
A type of proprietary fund used to account for fees charged in exchange for goods and services. Criteria to determine enterprise funds are: (1) generate revenue, (2) provide goods/services, or (3) operate as a stand-alone or are self-supporting.
What is enterprise funds?
A business entity or individual who has the integrity and reliability as well as the financial and technical capacity to perform the requirements of the solicitation and subsequent contract.
What is responsible?
This type of specification includes elements of both design and performance specifications.
What is combination specification?
The total lead time required to obtain a purchased item. Includes purchasing lead time, supplier lead time, transportation time, receiving, and inspection.
Something or someone that produces an effect, result, or condition, something or someone that makes something happen or exist. Reasoning behind something happening.
What is cause?
The part of a computer system or application that is not directly access by the user, typically responsible for storing and manipulating data.
What is back end?
A bid or proposal that fully conforms in all material respects to the Invitation for Bids (IFB)/Request for Proposals (RFP) and all of its requirements, including all form and substance.
What is responsive?
1. A schedule containing the rate, rules, and regulations under which transportation carriers handle the shipment of goods. 2. A tax imposed on imported goods.
What is tariff?
The time that normally elapses between the time an order is received by the supplier and shipment of the material.
A sign of the existence of something else. Something that indicates the existence of something else. In leadership, this is a sign that something is working well or not. For example, poor leadership has several signs such as poor communication, favoritism, marole issues.
What is symptom?
Extends a private network across a public network, and enables users to send and receive data across shared or public networks as if their computing devices were directly connected to the private network.
What is VPN or virtual private network?
A short, memorable statement of the reasons for the existence of an organization that may encompass its core values.
What is mission statement?
A government order that restricts trade of specific goods or commerce with a specific country.
What is embargo?
The functions that are performed after the parties have signed the contract. Typical activities are goal oriented and are aimed at ensuring compliance with the contract terms and conditions while giving attention to the achievement of the stated output and outcome of the contract.
What is contract administration?
The process of recruiting, on-boarding, developing, and retaining employees.
What is talent management?