A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm’s capacity. The contractor must now make a decision on capacity for next year. Estimated profits under each of the two possible states of nature are as shown in the table below. Which alternative should be selected if the decision criteria is: Indicate and incorporate recommendations to management in 200 words. You must respond to at least two of your classmates’ postings.
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compliance is required of federal contractors and subcontractors. These requirements are enforced by the Office of Federal Contract Compliance Programs (OFCCP) who reports to the U.S. Department of Labor. These additional requirements are the Executive Order 11246‚ Section 503 of the Rehabilitation Act and Vietnam Era Veterans’ Readjustment Assistance Act of 1974. Executive Order 11246 establishes the requirement for Affirmative Action and forbids Federal contractors and subcontractors from employment
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is no uniformity in general conditions of contact adopted by various central and state government departments. The practice adopted by central/state public sector undertaking and consultants in private sector is also at variance. • CENTRAL GOVT. • STATE GOVT. •An attempt has been made to give a brief summary of critical clauses adopted by Indian Institute of Architects and Central PWD. INDIAN INSTITUTE OF ARCHITECTS CENTRAL PUBLIC WORKS DEPATMENT GENERAL CONDITIONS OF CONTRACT
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includes various type of construction workers. Gagnon wants to continue his life as a general contractor‚ but as a general contractor he encounters some problems of building a team; therefore he has hired a well-known and respected business professor from the local community to serve as an adviser and mediator. Most of the problems he faces are due to a lack of cohesiveness and cooperation between the contractors which create big problems to form an effective work team. Rocky Gagnon must know the
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Learning Objectives 1. What is the difference between an employee and an independent contractor? Independent contactor works for‚ and receives payment from‚ an employer but whose working conditions and methods are not controlled by the employer. An independent contractor is not an employee but may be an agent. Seven criteria to be a contractor include: Worker can exercise control over details of work. Worker’s occupation is distinct from that of employer. Worker does not follow employer’s
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Government Contractor Fraud John Graham CJ 415 Section 1 Winter 2013 In his book titled Trusted Criminals‚ Friedrichs defines white collar crime as “illegal or unethical acts…by persons of high or respectable social status for personal or organizational gain” (Friedrichs‚ 2010). This may well be true in the corporate world‚ but in the world of Defense Contractors‚ many are just regular people performing a job. These people seize an opportunity to steal sometimes millions of tax payer dollars
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you feel that Karen is an independent contractor or an employee? What is your rationale for this decision? The differentiation between an independent contractor and an employee is a critical one for any employer to make. Furthermore‚ this choice can have significant implications for the business regarding additional fees and taxes. In this situation‚ Karen was initially hired as a temporary employee. Moreover‚ Karen has functioned as an independent contractor for 5 years. If one were to look at
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Employee vs. Independent Contractor Employee vs. Independent Contractor HRM 546 February 4‚ 2013 Employee vs. Independent Contractor People generally know if they are an employee or an independent contractor‚ but with some jobs or businesses knowing
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Your role is to decide if Karen is an independent contractor or an employee and discuss some of the preventative and ethical situations that are occurring in this case. Questions: 1. Do you feel that Karen is an independent contractor or an employee? What is your rationale for this decision? In my opinion Karen should be a considered a permanent employee as she has been working and promoted in the company for five years and she is considered an asset to them‚ she is paid in salary already
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Independent Contractors – Team work and Performance Management Many organizations are open to various ways of acquiring resources for their projects; using existing employees‚ hiring new employees‚ hiring contract resources or perhaps outsource part or the entire project. Right resources are not always available to the PM within the organization and will often look to hire from outside. Moore (2007‚ p.6) informed that globalization‚ advances in communication and technology‚ and many baby boomers
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