Indirect Procurement: The Way Forward With the recent global economic downturn and financial crunch‚ companies have come to the realization that in other for them to ride the wave of recession and create a strategic competitive advantage through sustained cost savings and increase the available cash on hand‚ a change in the management of their internal spend is imminent. Identification and usage of a viable tool for procurement and spend management has become a priority We know that businesses
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The word democracy makes me depict a direct democracy‚ when thinking of a direct democracy I vividly envision an enormous mass of people‚ all expressing their opinions and beliefs without worries. A direct democracy is where members of the community vote on all issues‚ rather than a group of officials voting in their place. The assembly of people listening have diverse ethnic backgrounds‚ religion‚ social class‚ and occupation‚ all of these people are crowding around a tiny wooden podium in the center
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Authority Authority‚ power and legitimacy are perceived as fundamental elements of contemporary society for the sole reason that these are the defining features of a culture with political and social organisations and hierarchies. The term ‘authority’ is commonly misused by academics as a synonym for ‘power’ or ‘legitimacy’ which has led to confusion regarding the entire concept of authority. Authority is generally defined as a person (or group of people) who has the power or right to give orders
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Authority People in charge are flawed human beings as well as the rest‚ so they do not always make the right moral decisions. Authority figures tend to make mistakes when choosing what actions to take when necessary‚ therefore their ideas should always be questioned. Hitler is a great example of someone who should have been questioned. Jack from Lord of the Flies is also another instance in which someone’s decision’s should be investigated. Even though someone is in charge‚ does not mean they always
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Indirect tax Section 1 This section is about applying your knowledge of VAT and using reference material to make recommendations or decisions. Task 1.1 (a) You have the following information about the taxable supplies of 4 businesses. For each of them‚ indicate whether they need to register for VAT immediately‚ or monitor turnover and register later. Tick ONE box on EACH line. Register now Monitor and register later A A new business with an expected turnover of £6000 per
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Indirect Tax Indirect taxes include value added tax‚ a range of excise duties on oil‚ tobacco and alcohol and fuel duty. VAT is levied on the sale of goods by registered businesses. Businesses add VAT to the price they charge when they provide goods and services to business customers - and non-business customers. There are different VAT rates‚ depending on the goods or services that are being provided. At the moment there are three rates: standard rate – 20%‚ reduced rate - 5 %‚ zero rate -
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communities. Organizational structure is composed of all the departments that an organization requires to produce its goods and services. * STARBUCKS has decentralized authority because they created decision-making for each manager. There are also lots of stores around the world and each store has different from the authority‚ managers‚ and customers. So STARBUCKS will be an organization and its employees to behave in a flexible way even as the organization grows and becomes taller. This is the
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Using the appropriate diagrams‚ explain why the relative burden (incidence) of an indirect tax on the producers & on the consumer varies depending on the price elasticity of demand for the good/product. Indirect Tax is a tax placed upon the selling price of a product‚ so it raises the firm’s cost and shifts the supply curve left or vertically upwards depending on the amount of tax. Because of this shift‚ less products will be supplied at every price. The diagram below shows the effect of imposing
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Is it necessary to challenge authority? Without question‚ it is vital to challenge the ideas and decisions of people in positions of authority. If one does not question authority‚ the people of the so called “no in positions of authority” would become mindless slaves to tyrants and despots. World history‚ literature‚ and American History all exemplify the necessity of questioning authority. During ancient Greece in the 200 BCE’s‚ modern logical thinking began to see its birth. The man known for
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AUTHORITY – Authority is that power which is exercised legitimately. All powers cannot be legitimate. Authority and legitimacy both depend on values‚ beliefs and attitude of the masses. Example of Authority: A robber who forces bank manager to handover cash on a gunpoint is not exercising “authority”. But when a police officer is controlling traffic and can use the threat of a fine or jail sentence‚ he is exercising authority. It is an investment in a legitimate form of power‚ it is profitable
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