“THEME: PROCUREMENT" INTRODUCTION Procurement is when the government is outsourcing of goods‚ services or works from the private sector. It is favorable that the goods‚ services or works are appropriate and that they are procured at the best possible cost to meet the needs of the public in terms of quality‚ quantity‚ time‚ and location. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and
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CT310: Principles of working in the public sector (optional) Organisational structures The organisation of Central Government is separated into separate government departments. Most government departments are headed by a secretary of state or other senior minister and the structure of these departments tends to reflect what functions the minister has to oversee. Some departments are known as ‘non-ministerial’ which means they are not headed directly by a minister‚ but rather by a board answerable
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between internal and external environment of business and in each case explain five components of the environment. The term business‚ in economic sense means human activities which are performed with the objectives of earning profits. Human activity for earning profit may be in the form of production‚ extraction or purchase of goods for sale. It is expected of business to provide goods and services to the society in an effective manner. Thus‚ in today’s competitive environment‚ survival of business
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Financial Performance The table below shows that the analysis of financial ratios. Types of Ratio Sub Ratio Perbadanan Kemajuan Negeri Kedah (PKNK) Syarikat Air Darul Aman (SADA) Liquidity Ratio Current Ratio 2.19 times - Quick Ratio 2.04 times - Cash Ratio 0.343 times - Efficiency Ratio Working Capital RM 189‚278‚871 RM 120‚434‚000 Inventory Turnover 1.3 times - Total Assets Turnover 0.078 times - Profitability Profit Margin 36.8% 7.94% Operating Margin 45
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should ensure you address the following key areas: 1. General societal trends and their implications for the organisation (i.e. PEST analysis); 2. Industry competitive position/competitive dynamics (i.e. using Porter’s five forces) 3. Competitor analysis (comparative analysis of key competitors and/or strategic groups if applicable) 4. Market trend analysis (i.e. general trends‚ segmentation and emerging opportunities). The application of the above should be characterised by underpinning
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Domain and The External Environment An organisation’s domain is its chosen environmental field of action. It is the territory that the organisation stakes out for itself with regard to products‚ services and markets served. This is also strongly affected by the organisation’s external environment. The external environment incorporates all the elements that exist outside the boundary of the organisation and have the potential to affect all or part of the organisation. Task Environment: The task environment
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PRIVATE SECTOR VS PUBLIC SECTOR ACCOUNTING STANDARD 1. INTRODUCTION The global financial crisis has demonstrated that the public sector as well as the private sector needs the highest quality accounting standards. Around the world‚ accounting in the public sector is practiced in diverse ways and struggles to achieve comparable standard in accountability and transparency. The Securities Act of 1933 gave the commission the authority to prescribe accounting standards to be followed by the companies
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Standard Chartered is the world’s leading emerging markets bank headquartered in London. Standard Chartered employs 30‚000 people in over 500 locations in more than 50 countries in the Asia Pacific Region‚ South Asia‚ the Middle East‚ Africa‚ the United Kingdom and the Americas. It is one of the world’s most international banks‚ with a management team comprising 70 nationalities. Standard Chartered has been committed to Hong Kong and China for nearly 150 years. Standard Chartered Bank opened its
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Avira Version 2013 Release Information The First Release‚ moving Avira from System to User Security This release starts the transition toward a user centric view of the security. Until now‚ we always exclusively protected devices. Now we protect also user’s social networks and we emphasize the importance of the parental control for protecting the children from online dangers. Starting with this release‚ we will no longer have the year as part of the product name: e.g. Avira Antivirus Premium
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* Impact of external environment on Business* For success in the present world‚ one need to consider not only the internal environment of the company consisting of its resources and employees‚ but also needs to consider the external factors. These aspects cannot be stopped but one can adjust accordingly as per the changes in the economical‚ social or political pressures. These are the external factors which consist of: • Opponents or competitors • The changing economic structure • Impact of the
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