1-Holding everything else constant, an increase in the growth rate of the money supply will cause the AD curve to
not shift at all.
shift outward.
shift randomly.
shift inward.
2-In the AD-AS model, which curve would be irrelevant if prices and wages were perfectly flexible?
A. Long-Run Aggregate Supply
B. Long-Run Aggregate Demand
C. Short-Run Aggregate Supply
D. Aggregate Demand
3-An increase in the expected inflation rate will cause the LRAS curve to:
A. do nothing.
B. shift right.
C. flatten out.
D. shift left.
4-When consumers suddenly become more pessimistic about the economy, the stock shifts the:
A. LRAS curve outward, reducing the real growth rate in the short run.
B. AD curve inward, reducing the real growth rate in the short run.
C. AD curve outward, reducing the real growth rate in the short run.
D. LRAS curve inward, reducing the real growth rate in the short run.
5-Which of the following would cause the AD curve to shift to the left?
A. lower growth rate of output
B. decreased government purchases
C. higher government budget deficits
D. lower taxes
6-A temporary decrease in consumer spending causes:
A. a decrease in the economy's long-run potential growth rate
B. a decrease in velocity growth
C. an upward shift of the SRAS curve.
D. a decrease in money growth
7-Which of the following best describes the conditions of the Great Depression?
A. Real GDP growth was negative while inflation was very high.
B. Both real GDP growth and inflation were historically high.
C. Real GDP was high while inflation was negative.
D. Both real GDP growth and inflation were negative.
8- Menu costs are the costs associated with changing:
A. jobs.
B. wages.
C. prices.
D. expected inflation.
9-A temporary positive shock to spending growth will lead to an increase in:
A. output and inflation in the short run, but no change in either in the long run.
B. output in both the short and long run.
C. both inflation and output in the short run, but only output in the long run.
D. both inflation and output in the short run, but only inflation in the long run.
10- Which of the following describes the process through which a major decline in the stock market leads to a change in Aggregate Demand?
A. Banking panics lead to a removal of deposit insurance and a negative AD shock.
B. A stock market bubble bursts, and this leads to a negative supply shock.
C. Reductions in consumer wealth produce a negative AD shock.
D. Increase in net exports produce a negative AD shock.
11-
A. 10%
B. 4%
C. 7%
D. 3%
12-
A. 3%
B. 7%
C. 4%
D. 10%
13-
A. -0.5%
B. 6.5%
C. 7%
D. 3%
14-
A. 6.5%
B. -0.5%
C. 0.5%
D. 2%
15-
A. Workers increase their inflationary expectations so that the economy moves to point A.
B. Workers decrease their inflationary expectations so that the economy moves to point C.
C. Workers increase their inflationary expectations so that the economy moves to point C.
D. Workers decrease their inflationary expectations so that the economy moves to point .
1.The tax multiplier associated with a $10B reduction in taxes i.docxhyacinthshackley2629
1.
The tax multiplier associated with a $10B reduction in taxes is _______ the spending multiplier associated with a $10B increase in government spending because __________
a.
the same quantity as / a tax change will either put more income into or out of savings
b.
smaller than / a tax change also involves a change in savings in the first round of spending
c.
larger than / taxes cause more discretionary income to be spent whether it is a tax increase or a tax decrease
d.
smaller than / the tax multiplier is usually very unstable
2.
Each year the Tax Foundation calculates the day of the year the average income earner has to work in order to pay taxes. This is known as Tax Freedom Day. Last year’s date, April 26, was three days later than the previous year’s. The Tax Foundation says this is because of economic growth leading to higher incomes and higher taxes.
This observation makes sense since our income tax system is progressive and therefore ___________. This is also consistent with ____________.
a.
takes a higher percent of income, the greater one’s income – how automatic stabilizers work
b.
takes a lower percent of income, the greater one’s income – how automatic stabilizers work
c.
takes a higher percent of income, the greater one’s income – the discretionary tools of fiscal policy
d.
takes a lower percent of income, the greater one’s income – monetary policy
3.
A house is a ______________ asset, and therefore this means that it takes ________ to recover its true value in the marketplace.
a.
liquid -- much time
b.
non-liquid -- much time
c.
liquid – very little time
d.
non-liquid -- very little time
4
."An increase in national income increases aggregate demand more than the initial increase in spending." The preceding statement describes
a.
microeconomic supply and demand curves.
b.
macroeconomic supply and demand curves.
c.
the spending multiplier.
d.
the money multiplier.
e.
both c) and d) are correct.
5.
If the Fed buys $1,000 worth of bonds and the banking multiplier is 8, then
a.
the reserve ratio is 12.5 percent.
b.
the potential money supply increase is greater than $1,000.
c.
there must also be a government spending increase or the Fed would not be buying the bonds.
d.
all of the above.
e.
both a) and b) are correct.
6.
Both fiscal and monetary policy affect the money supply.
a.
true
b.
false
7.
The Fed is considered "autonomous." In practice this means the Board of Governors
a.
run for reelection every 4 years.
b.
are more insulated from the wishes of the voters than Congress.
c.
are less insulated from the wishes of the voters than Congress.
d.
can do whatever they please since they have lifetime appointments.
8.
Which of the policy combinations given below would consistently work in the direction of decreasing the rate of growth of the money supply?
a.
Raise the discount rate, lower the reserve requirement and engage in open market sales.
b.
Lower the discount rate, lower the res.
1.The tax multiplier associated with a $10B reduction in t.docxelliotkimberlee
1.
The tax multiplier associated with a $10B reduction in taxes is _______ the spending multiplier associated with a $10B increase in government spending because __________
a.
the same quantity as / a tax change will either put more income into or out of savings
b.
smaller than / a tax change also involves a change in savings in the first round of spending
c.
larger than / taxes cause more discretionary income to be spent whether it is a tax increase or a tax decrease
d.
smaller than / the tax multiplier is usually very unstable
2.
Each year the Tax Foundation calculates the day of the year the average income earner has to work in order to pay taxes.
This is known as Tax Freedom Day.
Last year’s date, April 26, was three days later than the previous year’s.
The Tax Foundation says this is because of economic growth leading to higher incomes and higher taxes.
This observation makes sense since our income tax system is progressive and therefore ___________.
This is also consistent with ____________.
a.
takes a higher percent of income, the greater one’s income – how automatic stabilizers work
b.
takes a lower percent of income, the greater one’s income – how automatic stabilizers work
c.
takes a higher percent of income, the greater one’s income – the discretionary tools of fiscal policy
d.
takes a lower percent of income, the greater one’s income – monetary policy
3.
A house is a ______________ asset, and therefore this means that it takes ________ to recover its true value in the marketplace.
a.
liquid
-- much time
b.
non-liquid
-- much time
c.
liquid – very little time
d.
non-liquid
-- very little time
4
."An increase in national income increases aggregate demand more than the initial increase in spending."
The preceding statement describes
a.
microeconomic supply and demand curves.
b.
macroeconomic supply and demand curves.
c.
the spending multiplier.
d.
the money multiplier.
e.
both c) and d) are correct.
5.
If the Fed buys $1,000 worth of bonds and the banking multiplier is 8, then
a.
the reserve ratio is 12.5 percent.
b.
the potential money supply increase is greater than $1,000.
c.
there must also be a government spending increase or the Fed would not be buying the bonds.
d.
all of the above.
e.
both a) and b) are correct.
6.
Both fiscal and monetary policy affect the money supply.
a.
true
b.
false
7.
The Fed is considered "autonomous."
In practice this means the Board of Governors
a.
run for reelection every 4 years.
b.
are more insulated from the wishes of the voters than Congress.
c.
are less insulated from the wishes of the voters than Congress.
d.
can do whatever they please since they have lifetime appointments.
8.
Which of the policy combinations given below would consistently work in the direction of decreasing the rate of growth of the money supply?
a.
Raise the discount rate, lower the reserve requirement and engage in open mar.
1.The tax multiplier associated with a $10B reduction in taxes i.docxhyacinthshackley2629
1.
The tax multiplier associated with a $10B reduction in taxes is _______ the spending multiplier associated with a $10B increase in government spending because __________
a.
the same quantity as / a tax change will either put more income into or out of savings
b.
smaller than / a tax change also involves a change in savings in the first round of spending
c.
larger than / taxes cause more discretionary income to be spent whether it is a tax increase or a tax decrease
d.
smaller than / the tax multiplier is usually very unstable
2.
Each year the Tax Foundation calculates the day of the year the average income earner has to work in order to pay taxes. This is known as Tax Freedom Day. Last year’s date, April 26, was three days later than the previous year’s. The Tax Foundation says this is because of economic growth leading to higher incomes and higher taxes.
This observation makes sense since our income tax system is progressive and therefore ___________. This is also consistent with ____________.
a.
takes a higher percent of income, the greater one’s income – how automatic stabilizers work
b.
takes a lower percent of income, the greater one’s income – how automatic stabilizers work
c.
takes a higher percent of income, the greater one’s income – the discretionary tools of fiscal policy
d.
takes a lower percent of income, the greater one’s income – monetary policy
3.
A house is a ______________ asset, and therefore this means that it takes ________ to recover its true value in the marketplace.
a.
liquid -- much time
b.
non-liquid -- much time
c.
liquid – very little time
d.
non-liquid -- very little time
4
."An increase in national income increases aggregate demand more than the initial increase in spending." The preceding statement describes
a.
microeconomic supply and demand curves.
b.
macroeconomic supply and demand curves.
c.
the spending multiplier.
d.
the money multiplier.
e.
both c) and d) are correct.
5.
If the Fed buys $1,000 worth of bonds and the banking multiplier is 8, then
a.
the reserve ratio is 12.5 percent.
b.
the potential money supply increase is greater than $1,000.
c.
there must also be a government spending increase or the Fed would not be buying the bonds.
d.
all of the above.
e.
both a) and b) are correct.
6.
Both fiscal and monetary policy affect the money supply.
a.
true
b.
false
7.
The Fed is considered "autonomous." In practice this means the Board of Governors
a.
run for reelection every 4 years.
b.
are more insulated from the wishes of the voters than Congress.
c.
are less insulated from the wishes of the voters than Congress.
d.
can do whatever they please since they have lifetime appointments.
8.
Which of the policy combinations given below would consistently work in the direction of decreasing the rate of growth of the money supply?
a.
Raise the discount rate, lower the reserve requirement and engage in open market sales.
b.
Lower the discount rate, lower the res.
1.The tax multiplier associated with a $10B reduction in t.docxelliotkimberlee
1.
The tax multiplier associated with a $10B reduction in taxes is _______ the spending multiplier associated with a $10B increase in government spending because __________
a.
the same quantity as / a tax change will either put more income into or out of savings
b.
smaller than / a tax change also involves a change in savings in the first round of spending
c.
larger than / taxes cause more discretionary income to be spent whether it is a tax increase or a tax decrease
d.
smaller than / the tax multiplier is usually very unstable
2.
Each year the Tax Foundation calculates the day of the year the average income earner has to work in order to pay taxes.
This is known as Tax Freedom Day.
Last year’s date, April 26, was three days later than the previous year’s.
The Tax Foundation says this is because of economic growth leading to higher incomes and higher taxes.
This observation makes sense since our income tax system is progressive and therefore ___________.
This is also consistent with ____________.
a.
takes a higher percent of income, the greater one’s income – how automatic stabilizers work
b.
takes a lower percent of income, the greater one’s income – how automatic stabilizers work
c.
takes a higher percent of income, the greater one’s income – the discretionary tools of fiscal policy
d.
takes a lower percent of income, the greater one’s income – monetary policy
3.
A house is a ______________ asset, and therefore this means that it takes ________ to recover its true value in the marketplace.
a.
liquid
-- much time
b.
non-liquid
-- much time
c.
liquid – very little time
d.
non-liquid
-- very little time
4
."An increase in national income increases aggregate demand more than the initial increase in spending."
The preceding statement describes
a.
microeconomic supply and demand curves.
b.
macroeconomic supply and demand curves.
c.
the spending multiplier.
d.
the money multiplier.
e.
both c) and d) are correct.
5.
If the Fed buys $1,000 worth of bonds and the banking multiplier is 8, then
a.
the reserve ratio is 12.5 percent.
b.
the potential money supply increase is greater than $1,000.
c.
there must also be a government spending increase or the Fed would not be buying the bonds.
d.
all of the above.
e.
both a) and b) are correct.
6.
Both fiscal and monetary policy affect the money supply.
a.
true
b.
false
7.
The Fed is considered "autonomous."
In practice this means the Board of Governors
a.
run for reelection every 4 years.
b.
are more insulated from the wishes of the voters than Congress.
c.
are less insulated from the wishes of the voters than Congress.
d.
can do whatever they please since they have lifetime appointments.
8.
Which of the policy combinations given below would consistently work in the direction of decreasing the rate of growth of the money supply?
a.
Raise the discount rate, lower the reserve requirement and engage in open mar.
Hello,these se are the questions! Let me know if you would be ab.docxCristieHolcomb793
Hello,
these se are the questions! Let me know if you would be able to help! Thanks
1
.
Accurate measurement of GDP is important to business decision-makers because this information will help them better determine the
a.
general happiness of a country's citizens.
b.
course of the economy and the direction of demand for their products.
c.
economic well-being of a particular group within a country.
d.
amount of leisure time available and the quality of life in a country.
2
.
Which of the following would increase U.S. GDP?
a.
Ford Motor Company begins to produce and sell cars in China.
b.
Mercedes-Benz begins to produce and sell cars in Mississippi.
c.
An American investor buys 100 shares of Ford stock.
d.
An American investor purchases 100 shares of Mercedes-Benz stock.
3
.
As per capita GDP has risen in the United States and other countries,
a.
life expectancy and leisure time have also risen and infant mortality and illiteracy have gone down..
b.
life expectancy has risen but leisure time has gone down, while infant mortality and illiteracy have remained the same.
c.
various quality of life variables have been unaffected.
d.
most quality of life variables such as life expectancy and expenditures on leisure time activities have fallen.
4
.
National income is
a.
personal income of individuals minus the taxes they pay.
b.
gross national product minus depreciation.
c.
employee compensation, self-employment income, interest, rents, plus corporate profits.
d.
consumption, investment, government expenditures, and net exports.
5
.
Per capita GDP is
a.
real GDP divided by the GDP deflator
b.
a measure of income per person
c.
a measure of resources available to each person
d.
an indicator of the overall production of a government
6.
Economists use the term "business cycle" to refer to
a.
the growth of small businesses into major corporations.
b.
changes in products that occur from improved technology.
c.
fluctuations in the level of real output and employment.
d.
periods of increases and decreases in the rate of inflation.
7.
The type of unemployment caused by changes in the business cycle is
a.
cyclical unemployment.
b.
natural unemployment.
c.
frictional unemployment.
d.
structural unemployment.
8.
Frictional unemployment is the result of
a.
not enough jobs for everyone to be employed.
b.
unemployed workers' skills not matching those needed for the available jobs.
c.
a decline in the demand for labor, such as during a recession.
d.
imperfect information and temporary periods of unemployment while workers are changing jobs.
9.
Economists use the phrase "business cycle" when referring to fluctuations in
a.
the rate of real output and employment.
b.
interest rates.
c.
the consumer price index.
d.
the general level of prices.
10.
Activists and nonactivists both believe that
a.
the self-corrective mechanism of a market economy works quite well.
b.
macro-policy should seek to minimize economic fluctuations, keep the inflation rat.
LOYOLA MARYMOUNT UNIVERSITY Econ 120 – Macroeconomics E.docxSHIVA101531
LOYOLA MARYMOUNT UNIVERSITY
Econ 120 – Macroeconomics
Examination#3
1
Econ 120 – fall 2014 Date: November 24, 2014
Instructor: Nyema Guannu
Multiple Choice (2 points each)
1. The spending multiplier is equal to:
A) MPC / MPS.
B) 1 / (1 – MPS).
C) MPC + MPS.
D) 1 / (1 – MPC).
2. If the marginal propensity to consume is 0.75 and the federal government increases spending by $100 billion,
the income expenditure model would predict that real GDP will increase by:
A) $100 billion.
B) $750 billion.
C) $400 billion.
D) $300 billion.
3. The money demand curve is:
A) downward-sloping because the opportunity cost of holding money is inversely related to the interest rate.
B) downward-sloping because the opportunity cost of holding money rises as the interest rate rises.
C) downward-sloping because the opportunity cost of holding money rises as the interest rate falls.
D) upward-sloping because the opportunity cost of holding money rises with the interest rate.
Figure: Policy Alternatives
4. (Figure: Policy Alternatives) If the economy is in equilibrium at Y1 in panel (a) and the government increases
government spending, the result will likely be
A) an increase in unemployment.
B) a decrease in interest rates.
C) inflation.
D) deflation.
LOYOLA MARYMOUNT UNIVERSITY
Econ 120 – Macroeconomics
Examination#3
2
Econ 120 – fall 2014 Date: November 24, 2014
Instructor: Nyema Guannu
5. (Figure: Policy Alternatives) If the economy is in equilibrium at Y1 in panel (a) and the government does not
intervene, the result will likely be
A) a shift of AD1 to the left.
B) a shift of SRAS1 to SRAS2.
C) a shift of LRAS to the left.
D) no change in AD or SRAS.
6. (Figure: Policy Alternatives) If the economy is in equilibrium at Y1 in panel (a) and the government decides to
intervene, it would most likely
A) increase taxes.
B) decrease the money supply.
C) increase government spending.
D) decrease government spending.
7. In the long run, an increase in AD will result in:
A) no changes in the aggregate price level.
B) no changes in the aggregate output level.
C) increases in both the aggregate price level and the aggregate output level.
D) increases in the aggregate price level but no changes in the aggregate output level.
8. Starting from its potential output, an economy's government increases spending. In the long run, this
economy:
A) will produce at an output level that is greater than its potential output.
B) will produce at its potential output.
C) will produce at an output level that is below its potential output.
D) will produce at its potential output level, but at a lower aggregate price level.
9. In the long run, the aggregate price level falls. This could result from:
A) a leftward shift in AD.
B) a rig ...
1. 1250 Words (min) - 1450 Words (max), Bibliography and Titles no.docxkarisariddell
1. 1250 Words (min) - 1450 Words (max), Bibliography and Titles not counted.
2. It is a comparison essay.
3. 3+ outside academic sources (blogs, wikis, pop websites are permitted, but do not count for these 3 scholarly sources). Sources should be good journal articles or academic books.
4. Avoid Google. For academic articles, search https://onesearch.library.utoronto.ca/research/articles-databases Links to an external site.
Writing Tips:
—MLA or APA format required: quotes and paraphrasing need page numbers APA: (Smith, 2000, p. 235). MLA (Smith 235). Quotes are best. Avoid footnotes in any form, or the Chicago style of citation.
—State your thesis at the end of Paragraph 1 -- what will you claim?--Include a copy of small image as an Appendix after your Works Cited, if you analyze an ad or other visual item you want me to see (if I haven't likely seen it).
"Quote" if you can. Paraphrase secondarily. Introduce/integrate quotes. As Smith suggests, “Ads are a system...” that can “educate us...” (Smith, 2005, p. 5)
Quotes cannot stand alone.
Begin each paragraph with a topic sentence and address that topic. The topic sentence tells readers what the topic is. For example: “Historically, ads were outdoors...” OR you can use a question “How did we move from a needs society to a wants society?...”
Use transitions between paragraphs. “But Farnsworth was not only the creator of TV, he also…”
Block quotes (more than 3 full lines) should NOT be used, or only in rare cases when you cannot summarize the gist, and almost never in short papers.
Topic:
DIGITAL MEDIA. Select 1 Historical or Current Example of Social Media being blamed for a social problem (ex: the cyber bullying of Amanda Todd), and 1 Example of Social Media being credited with improving life (ex: social movements). (See Chapter 2). Many people who examine ‘social media’ (such as Facebook and Twitter) say that these tools distract us from the important things in life. Similar things were said about television, and telephones, and the radio, and even of writing. Any communication technology can be used in a variety of ways, depending on who has access to them, and how creative they are. In your Compare and Contrast Essay, discuss one case or way in which social media get blamed for negative events or outcomes (loneliness, competitiveness, bullying, boasting, narcissism). Compare this side with the positive things people accomplish with social media (MeToo, BLM, organizing events, socializing, reading the day’s news). Give specific examples, and support your claims with research. You may also mention your own experiences, if relevant. For the negative side, a case study may be wise: the Grossman cyber bullying case, for example, or the BC politician who lost an election due to an old Facebook photo. Or you could identify a common criticism of social media, and explore it. For example: Are social media affecting news and political views based on this news today negatively? Examples.
1-Why is it the case that single men are prominently represented in .docxkarisariddell
1-Why is it the case that single men are prominently represented in the homeless? Is there a primary prevention program that could be a part of a public health initiative that would address this cohort specifically?
2- APA Style
3- 3 paragraphs 3 sentences each
4- 2 references
.
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Hello,these se are the questions! Let me know if you would be ab.docxCristieHolcomb793
Hello,
these se are the questions! Let me know if you would be able to help! Thanks
1
.
Accurate measurement of GDP is important to business decision-makers because this information will help them better determine the
a.
general happiness of a country's citizens.
b.
course of the economy and the direction of demand for their products.
c.
economic well-being of a particular group within a country.
d.
amount of leisure time available and the quality of life in a country.
2
.
Which of the following would increase U.S. GDP?
a.
Ford Motor Company begins to produce and sell cars in China.
b.
Mercedes-Benz begins to produce and sell cars in Mississippi.
c.
An American investor buys 100 shares of Ford stock.
d.
An American investor purchases 100 shares of Mercedes-Benz stock.
3
.
As per capita GDP has risen in the United States and other countries,
a.
life expectancy and leisure time have also risen and infant mortality and illiteracy have gone down..
b.
life expectancy has risen but leisure time has gone down, while infant mortality and illiteracy have remained the same.
c.
various quality of life variables have been unaffected.
d.
most quality of life variables such as life expectancy and expenditures on leisure time activities have fallen.
4
.
National income is
a.
personal income of individuals minus the taxes they pay.
b.
gross national product minus depreciation.
c.
employee compensation, self-employment income, interest, rents, plus corporate profits.
d.
consumption, investment, government expenditures, and net exports.
5
.
Per capita GDP is
a.
real GDP divided by the GDP deflator
b.
a measure of income per person
c.
a measure of resources available to each person
d.
an indicator of the overall production of a government
6.
Economists use the term "business cycle" to refer to
a.
the growth of small businesses into major corporations.
b.
changes in products that occur from improved technology.
c.
fluctuations in the level of real output and employment.
d.
periods of increases and decreases in the rate of inflation.
7.
The type of unemployment caused by changes in the business cycle is
a.
cyclical unemployment.
b.
natural unemployment.
c.
frictional unemployment.
d.
structural unemployment.
8.
Frictional unemployment is the result of
a.
not enough jobs for everyone to be employed.
b.
unemployed workers' skills not matching those needed for the available jobs.
c.
a decline in the demand for labor, such as during a recession.
d.
imperfect information and temporary periods of unemployment while workers are changing jobs.
9.
Economists use the phrase "business cycle" when referring to fluctuations in
a.
the rate of real output and employment.
b.
interest rates.
c.
the consumer price index.
d.
the general level of prices.
10.
Activists and nonactivists both believe that
a.
the self-corrective mechanism of a market economy works quite well.
b.
macro-policy should seek to minimize economic fluctuations, keep the inflation rat.
LOYOLA MARYMOUNT UNIVERSITY Econ 120 – Macroeconomics E.docxSHIVA101531
LOYOLA MARYMOUNT UNIVERSITY
Econ 120 – Macroeconomics
Examination#3
1
Econ 120 – fall 2014 Date: November 24, 2014
Instructor: Nyema Guannu
Multiple Choice (2 points each)
1. The spending multiplier is equal to:
A) MPC / MPS.
B) 1 / (1 – MPS).
C) MPC + MPS.
D) 1 / (1 – MPC).
2. If the marginal propensity to consume is 0.75 and the federal government increases spending by $100 billion,
the income expenditure model would predict that real GDP will increase by:
A) $100 billion.
B) $750 billion.
C) $400 billion.
D) $300 billion.
3. The money demand curve is:
A) downward-sloping because the opportunity cost of holding money is inversely related to the interest rate.
B) downward-sloping because the opportunity cost of holding money rises as the interest rate rises.
C) downward-sloping because the opportunity cost of holding money rises as the interest rate falls.
D) upward-sloping because the opportunity cost of holding money rises with the interest rate.
Figure: Policy Alternatives
4. (Figure: Policy Alternatives) If the economy is in equilibrium at Y1 in panel (a) and the government increases
government spending, the result will likely be
A) an increase in unemployment.
B) a decrease in interest rates.
C) inflation.
D) deflation.
LOYOLA MARYMOUNT UNIVERSITY
Econ 120 – Macroeconomics
Examination#3
2
Econ 120 – fall 2014 Date: November 24, 2014
Instructor: Nyema Guannu
5. (Figure: Policy Alternatives) If the economy is in equilibrium at Y1 in panel (a) and the government does not
intervene, the result will likely be
A) a shift of AD1 to the left.
B) a shift of SRAS1 to SRAS2.
C) a shift of LRAS to the left.
D) no change in AD or SRAS.
6. (Figure: Policy Alternatives) If the economy is in equilibrium at Y1 in panel (a) and the government decides to
intervene, it would most likely
A) increase taxes.
B) decrease the money supply.
C) increase government spending.
D) decrease government spending.
7. In the long run, an increase in AD will result in:
A) no changes in the aggregate price level.
B) no changes in the aggregate output level.
C) increases in both the aggregate price level and the aggregate output level.
D) increases in the aggregate price level but no changes in the aggregate output level.
8. Starting from its potential output, an economy's government increases spending. In the long run, this
economy:
A) will produce at an output level that is greater than its potential output.
B) will produce at its potential output.
C) will produce at an output level that is below its potential output.
D) will produce at its potential output level, but at a lower aggregate price level.
9. In the long run, the aggregate price level falls. This could result from:
A) a leftward shift in AD.
B) a rig ...
1. 1250 Words (min) - 1450 Words (max), Bibliography and Titles no.docxkarisariddell
1. 1250 Words (min) - 1450 Words (max), Bibliography and Titles not counted.
2. It is a comparison essay.
3. 3+ outside academic sources (blogs, wikis, pop websites are permitted, but do not count for these 3 scholarly sources). Sources should be good journal articles or academic books.
4. Avoid Google. For academic articles, search https://onesearch.library.utoronto.ca/research/articles-databases Links to an external site.
Writing Tips:
—MLA or APA format required: quotes and paraphrasing need page numbers APA: (Smith, 2000, p. 235). MLA (Smith 235). Quotes are best. Avoid footnotes in any form, or the Chicago style of citation.
—State your thesis at the end of Paragraph 1 -- what will you claim?--Include a copy of small image as an Appendix after your Works Cited, if you analyze an ad or other visual item you want me to see (if I haven't likely seen it).
"Quote" if you can. Paraphrase secondarily. Introduce/integrate quotes. As Smith suggests, “Ads are a system...” that can “educate us...” (Smith, 2005, p. 5)
Quotes cannot stand alone.
Begin each paragraph with a topic sentence and address that topic. The topic sentence tells readers what the topic is. For example: “Historically, ads were outdoors...” OR you can use a question “How did we move from a needs society to a wants society?...”
Use transitions between paragraphs. “But Farnsworth was not only the creator of TV, he also…”
Block quotes (more than 3 full lines) should NOT be used, or only in rare cases when you cannot summarize the gist, and almost never in short papers.
Topic:
DIGITAL MEDIA. Select 1 Historical or Current Example of Social Media being blamed for a social problem (ex: the cyber bullying of Amanda Todd), and 1 Example of Social Media being credited with improving life (ex: social movements). (See Chapter 2). Many people who examine ‘social media’ (such as Facebook and Twitter) say that these tools distract us from the important things in life. Similar things were said about television, and telephones, and the radio, and even of writing. Any communication technology can be used in a variety of ways, depending on who has access to them, and how creative they are. In your Compare and Contrast Essay, discuss one case or way in which social media get blamed for negative events or outcomes (loneliness, competitiveness, bullying, boasting, narcissism). Compare this side with the positive things people accomplish with social media (MeToo, BLM, organizing events, socializing, reading the day’s news). Give specific examples, and support your claims with research. You may also mention your own experiences, if relevant. For the negative side, a case study may be wise: the Grossman cyber bullying case, for example, or the BC politician who lost an election due to an old Facebook photo. Or you could identify a common criticism of social media, and explore it. For example: Are social media affecting news and political views based on this news today negatively? Examples.
1-Why is it the case that single men are prominently represented in .docxkarisariddell
1-Why is it the case that single men are prominently represented in the homeless? Is there a primary prevention program that could be a part of a public health initiative that would address this cohort specifically?
2- APA Style
3- 3 paragraphs 3 sentences each
4- 2 references
.
1-Think for a while about cultural practices and how they affect hea.docxkarisariddell
1-Think for a while about cultural practices and how they affect health or illness in your own family. They may be difficult to identify as such at first, but they do exist. What ideas about illness prevention does your family adhere to? What do you do when someone gets sick? What rituals does your family practice when someone dies?
2- APA style
3- 3 paragraphs 3 sentences each
4- 2 references
.
1-Please write the difference and examples between coccus, bacillus,.docxkarisariddell
1-Please write the difference and examples between coccus, bacillus, and vibrio. 2-What is a Nosocomial or a Healthcare-Associated Infections (HAI)? Please write three examples. 3-Why viruses are not considered living structures? 4-Who was Carolus Linnaeus? What was his best contribution to Microbiology? 5-What is a Microbiota? Why are they important in our body? 6-What is a Primary Infectious Disease? What is a Secondary Infectious Disease? Please write examples of both types of Primary and Secondary infectious diseases? 7-Why is still important the knowledge of Gram stain? Which dyes are used in this type of coloration? 8-Who was Dr. Edward Jenner? What was his best contribution to Medicine? 9-Acute Infection, Chronic Infection, and Latent Infection. Please define each of them, and please write examples of them. 10-What is Herd Immunity? How is it possible to increase it in our current Pandemic of coronavirus (SARS-CoV-2 infection)
.
1-2 paragraphs for each person. There are 6 people.Everett.docxkarisariddell
1-2 paragraphs for each person. There are 6 people.
Everett
Overall what occurred in 2015 following the information of Volkswagen cheating the consumers, the market, and the EPA was fairly little in the grand scheme of things. The background surrounding Volkswagen essentially getting away with mass pollution and hoodwinking the industry for years is that a defeat device was installed within the vehicle’s engine that programmed it to run in a cleaner mode when hooked up to a test (Poeir, 2020). This obviously did not restrict the vehicle when performing on an open road. The device was eventually discovered and Volkswagen was billed for 25 billion dollars (Poier, 2020). However, the market share gained from this deception may have been worth it, as the vehicles outperformed all other competition in power and fuel economy that it resulted in the vehicles being ranked top in their respective classes that year (Poier, 2020).
However, what might Volkswagen do now to build back some of the trust within the corporate world? How can they redeem themselves economically? The first step arguably is to regain the trust of their shareholders and instill a set of ethics the likes of which cannot be questioned. Obviously, a drop in stock price is bad news, however, the company is by no means insolvent, and they quickly recovered following the incident. However ethics the company needs to advertise and explain to investors and to staff some sort of new ethical guidance that can convince people to purchase their products once again.
In regards to recovering legally, there’s been a fairly limited number of lawsuits, there were several major ones, however between the payouts of that and the fines levied against them from the EPA and other countries they seem to have paid the piper, the best way to address the issue legally and ethically would be to launch a voluntary recall in which people with the defeat devices may receive an upgrade at no cost to themselves. This would also address the philanthropic needs of the company. Additionally, many companies devote a sum of their profits to things that seem counter to their product, Coke for example sponsors huge numbers of athletic programs for children. Volkswagen may consider doing the same but planting some sort of forest to help deal with the carbon footprint. While I’m not the most creative individual in the world, it seems that there is any number of philanthropic things the company could do to earn them a “Subaru-Esque” reputation in the industry.
Andrea
The Volkswagen diesel emissions scandal has been widely covered. The corporation used a "defeat device" to fool an emissions government test (Jacobs & Kalbers, 2019). There have been major ethical concerns and significant environmental & financial consequences due to the device's release. The scandal has managed to ruin the reputation of Volkswagon. The image of the environmental friendly business has been destroyed. The vehicles had to be .
1-2 paragraphsapa formatreferencesneed in 8 hours!.docxkarisariddell
1-2 paragraphs
apa format
references
need in 8 hours!
Select one moral philosophy (teleology, deontology, relativist perspective, virtue ethics, or justice) that has influenced the outcome of an ethical dilemma that you have witnessed.
Provide one example of the way in which this moral philosophy influenced the outcome of an ethical dilemma in a past or present organization.
Note
: Please do not identify workplaces or leaders by name.
.
1. A In your viewpoint, what are the Humanities Formulate a de.docxkarisariddell
1. A:
In your viewpoint, what are the Humanities
? Formulate a definition of the Humanities.
B:
What is the relationship between Humanities and be nurse
?
This can be answer in one paragraph with 6 sentence.
2- What is the contribution of Philosophy to Humanities and humanity? Please explain by writing a well-developed paragraph of at least five sentences.
.
1-2 PAGESIdentify an ethical consideration besides establishin.docxkarisariddell
1-2 PAGES
Identify an ethical consideration besides establishing culturally relevant efforts that are consistent with recognizing that primary prevention is an act of premeditated intrusion into the lives and setting of individuals and groups and ask a question about this ethical consideration.
Suggest an additional mechanism or strategy to increase culturally relevant prevention programming and planning with African American teenagers, ages 13 through 21, spreading sexually transmitted infections.
Provide your colleague with feedback about how prevention as an act of premeditated intrusion into the lives and setting of individuals and groups on Diversity and Ethical Considerations could help bring about positive social change.
Learning Resources
Required Readings
Hage, S., & Romano, J. L. (2013). Best practices in prevention. In R. K. Conyne & A. M. Horne (Eds.). Prevention practice kit: Action guides for mental health professionals (pp. 32-46). Thousand Oaks, CA: SAGE.
Vera, E. M., & Kenny, M. E. (2013). Social justice and culturally relevant prevention. In R. K. Conyne & A. M. Horne (Eds.). Prevention practice kit: Action guides for mental health professionals (pp. 1-59). Thousand Oaks, CA: SAGE.
American Counseling Association (2014). 2014 ACA Code of Ethics. Retrieved from https://www.counseling.org/Resources/aca-code-of-ethics.pdf
County Health Rankings & Roadmaps (2018). How healthy is your community? Robert Wood Johnson Foundation. Retrieved from http://www.countyhealthrankings.org/.
Required Media
Walden Scholars of Change (2016). Giving incarcerated women a second chance. https://www.waldenu.edu/connect/video-and-multimedia/social-change/scholars-of-change/2016-winners/giving-incarcerated-women-a-second-chance
Be sure to support your postings and responses with specific references to the Learning Resources.
.
1-2 page single spaced pages in 12-point font. Reference Listed.docxkarisariddell
1-2 page single spaced pages in 12-point font.
Reference: Listed at the top of the paper in APA style.
INTRODUCTION should contain:
* A thorough literature review that establishes the nature of the problem to be addressed in the present study(the literature review is specific to the problem)
*The literature review is current (within 5 years)
A logical sequence from what we know (the literature review) to what we don't know (the unanswered questions raised by the review and what this study intended to answer)
* the purpose of the present study
*the hypothesis/research questions
*State the overall purpose of the paper
*What new ideas or info were communicated in the paper
*Why was it important to publish these ideas?
METHODS. The methods section has three subsections. It should contain:
* The participants and population they intended to represent
* The number of participants and how they were selected
*A description of the tools/measures used and research design employed
RESULTS: The results should contain a thorough summary of results of all analyses
DISCUSSION: The discussion is where the author "wraps up the research."
* A simple and easy to understand summary of what was found.
.
1-2 page typed (double space) research and reflection essay on a mus.docxkarisariddell
1-2 page typed (double space) research and reflection essay on a musical group or artist that reflects some of our class themes, such as Race, Ethnicity, Counter-narrative, Social Justice, and Power. Include your personal opinion and reflection on your chosen musical group or artist. What is one of your favorite songs or a song that resonates with you in connection with some of our class themes? Include the lyrics of the song! (lyrics are not counted for the 1-2 pages)
.
1. The law of demand implies that sellers will offer .docxkarisariddell
1. The law of demand implies that:
sellers will offer less on the market at lower prices.
consumers will buy more at lower prices.
sellers will offer more on the market at higher prices.
consumers are not responsive to price changes.
2. An increase in the demand for gasoline today caused by concerns that gasoline prices will be
higher tomorrow is most likely attributable to a change in:
consumer preferences.
consumer expectations.
income.
prices of other goods.
3. If the price of hamburger decreased, it would probably result in _____ in the demand for
hamburger buns.
random fluctuations
no change
an increase
a decrease
4. A decrease in supply is caused by:
an advancement in the technology for producing the good.
an increase in the price of goods that are used in production.
an increase in the number of producers.
suppliers' expectations of lower prices in the future.
5. Figure: The Demand and Supply of Wheat
Reference: Ref 3-6
(Figure: The Demand and Supply of Wheat) Look at the figure The Demand and Supply of
Wheat. If a price of $8 temporarily exists in this market, a _____ of _____ bushels will
result.
surplus; 6,000
surplus; 4,000
shortage; 2,000
shortage; 4,000
6. If the market for buffalo meat is in equilibrium, the price of buffalo meat will probably
_____ in the near future.
decrease
increase considerably
increase
not change
7. Figure: Four Markets for DVDs
Reference: Ref 3-9
(Figure: Four Markets for DVDs) Look at the figure Four Markets for DVDs. Which of the
graphs illustrates what may happen in the market for DVDs if D1 or S1 is the original curve
and D2 or S2 is the new curve and if the cost of producing DVDs falls?
C
D
A
B
8. Figure: Shifts in Demand and Supply II
Reference: Ref 3-11
(Figure: Shifts in Demand and Supply II) Look at the figure Shifts in Demand and Supply II.
The graph shows how supply and demand might shift in response to specific events. Suppose
scientists discover that eating pomegranates causes aging. Which panel BEST describes how
this will affect the market for pomegranates?
panel C
panel B
panel D
panel A
9. Figure: Shifts in Demand and Supply III
Reference: Ref 3-12
(Figure: Shifts in Demand and Supply III) Look at the figure Shifts in Demand and Supply
III. The figure shows how supply and demand might shift in response to specific events.
Suppose consumer incomes increase. Which panel BEST describes how this will affect the
market for designer boots, a normal good?
panel B
panel C
panel A
panel D
10. For consumers, pizza and hamburgers are substitutes. A rise in the price of a pizza causes
_____ in the equilibrium price of a hamburger and _____ in the equilibrium quantity of
hamburgers.
a rise; a decrease
a fall; an increase
a rise; an increase
a fall; a decrease .
1-2 page critique of the film after selecting a character in the mov.docxkarisariddell
1-2 page critique of the film after selecting a character in the movie (main character most of the time) and completing a diagnostic impression as it best reflects the character’s clinical syndrome and how the character(s) meets the diagnostic criteria for the particular disorder(s).
Main Character: Ben Sanderson
**** Use the DSM-5 to develop the character impression. Provide your opinion with supporting details from the movie and the DMS-V. Share your overall critique of the movie. Share your overall critique o the movie
.
1. Which of the following changes will result in a shift of the agg.docxkarisariddell
1. Which of the following changes will result in a shift of the aggregate demand curve, and which will result in a movement along the curve? If there is a shift, or a movement, be sure to explain in which direction, and why (either up or down, or, right or left). 1 pt each
a. The Fed lowers interest rates.
b. The price level in the economy falls.
c. Wealth decreases.
d. A foreign trading partner’s national income increases.
2. With a two panel diagram –one panel showing the aggregate expenditure diagram, and the other showing the AD curve – show how a decrease consumption shifts the AD curve.
2 pts
3. What will happen to the aggregate supply curve if the price of foreign oil decreases? Will it cause a movement along the curve or a shift of the curve? Explain clearly. 2 pts
4. Is there any difference between the aggregate demand curve and the demand curve for good x? Explain .
.
1-2 page critique of the film after analyzing the main character (Jo.docxkarisariddell
1-2 page critique of the film after analyzing the main character (Jones) and completing a diagnostic impression as it best reflects the character’s clinical syndrome and how the character meets the diagnostic criteria for the particular disorder(s).
**** Use the DSM-5 to develop the character impression. Provide your opinion with supporting details from the movie and the DMS-V. Share your overall critique of the movie. Share your overall critique o the movie.
.
1. John, a 15 year old who loves skateboarding, wants to buy th.docxkarisariddell
1. John, a 15 year old who loves skateboarding, wants to buy the new hyped magenta 3000 skateboard. He finds the last one on-line at his local sports store. He uses his debit card to purchase the board and the $500 is taken directly from his bank account. In order to avoid a delivery fee, he selects “pick up” as his shipping option.
When he arrives at the store to pick up the skateboard, the manager tells him he has canceled the transaction because another customer has promised to pay $600 for the board. John offers to pay an additional $150 for the skateboard and the manager agrees. John pays the $150 by credit card and takes the board. As soon as John gets home, he calls the credit card company and cancels the transaction.
The store sues John for the $150 or the return of the skateboard. What result?
A. The store will win. John has to return the skateboard because he is a minor without the capacity to contract.
B. John will win. There was no consideration given in exchange for John’s payment of the $150.
C. The store will win under the doctrine of promissory estoppel.
D. The store will win because the store’s website did not create a valid offer.
B. John will win. There was no consideration given in exchange for John’s payment of the $150.
2. Rob, an elderly man, is dependent on his housekeeper, Larry, to care for him. Larry persuades Rob to withdraw $100,000 from the bank and make an interest free loan to him. Rob’s daughter, Erica, sues Larry on behalf of her father to avoid the transaction. Erica’s best claim is:
A. Unilateral mistake.
B. Undue Influence
C. Economic duress
D. Misrepresentation
B. Undue influence
3. Elise took out an ad in the newspaper to sell her car, fully described, for $17,000. Franklin saw the ad and called Elise, saying that he would like to see the car. Franklin met Elise, drove the car and said, “Okay, I’ll buy it.” Which of the following is true?
A. Elise made an offer, which Franklin accepted.
B. Franklin made an offer, which Elise may accept or reject.
C. Elise made an offer which Franklin may accept or reject.
D. Franklin made an offer, which Elise accepted.
B. Franklin made an offer, which Elise may accept or reject.
4. Colleen sold a house to Ben for $300,000. Before selling the house, Colleen forgot to tell Ben about a leaky faucet in a little-used sink in the basement, which would cost about $30 to fix. Ben inspected the house, but didn’t notice the faucet. Later, Ben tries to rescind the deal on the grounds of fraud or misrepresentation because of the leaky faucet. Which of the following is the best reason why Ben cannot rescind?
A. Because Colleen made no statement about the faucet.
B. Because Ben did not rely on any false statement
C. Because the condition of the faucet is not material to the contract.
D. Because Colleen did not conceal the condition of the faucet.
C. Because the condition of the faucet is not material to the contract
5. Ana, a 19-year-old immig.
1-Read and print the data from the brain.csv file2-Extraxt t.docxkarisariddell
1-Read and print the data from the brain.csv file
2-Extraxt the HeadSzie and the BrainWeight into separate arrays (print as column vectors)
3- Find the average, max, and min values for the 2 data columns.
4- Plot the head size verses the brain weight
Please find the attachment for brain.csv file
.
1. Duncan Fisher (2019, march). Children of Divorce The Key Rol.docxkarisariddell
1. Duncan Fisher (2019, march). Children of Divorce: The Key Role of Self-Esteem in Recovering from The Trauma.
https://www.childandfamilyblog.com/child-development/children-of-divorce-self-esteem/
2. Hal Arkowitz, Scott O. Lilienfeld (2013, March 1). Is Divorce Bad for Children?
https://www.scientificamerican.com/article/is-divorce-bad-for-children/
3. Judith S. Wallerstein (1989, Jan 22). CHILDREN AFTER DIVORCE.
https://www.nytimes.com/1989/01/22/magazine/children-after-divorce.html
4. Patrick F. Fagan and Aaron Churchill (2012, January 11). The Effects of Divorce on Children.
https://downloads.frc.org/EF/EF12A22.pdf
5. Wendy Paris (2015, March 17). Yes, You Can Raise Happy Children After Divorce.
https://www.psychologytoday.com/us/blog/splitopia/201503/yes-you-can-raise-happy-children-after-divorce
Rashmitha Anugu
Discussion 7
7 hours ago
Q1. What should Mark have done if Jack still was not able to resolve the problem?
McRoy Aerospace was into building freight planes and refueling tankers. Be that as it may, they needed to contend in a market of building business airplane. McRoy could be an effective rival in the matter of assembling business airplane on the off chance that they could discover an answer for the issue of having a instrument for every one of the four sets of entryways in the airplane.
Jack has been an accomplished specialist and most important asset for McRoy Aerospace, and Mark was persuaded that Jack was the one in particular who could discover an answer for the issue. Mark depended excessively on one representative, which is constantly dangerous and is never suggested while rivaling organizations like Boeing and Airbus. In the event that Jack couldn't think of an answer, Mark could direct or an open test where workers and ongoing alumni can take an interest and take care of the issue independently.
Q2. Would it make sense for Mark to assign this problem to someone else now after Jack could not solve the problem the second time around?
In the wake of giving Jack adequate time, depending on him, and pushing him to concoct an answer, it looks bad to drive Jack further, and it would be a smart thought to relegate this issue to another person. While rivaling solid contenders like Boeing, it's better not to depend on one worker. Mark should locate some other official with exceptional and hands-on understanding, who is happy to respond to the call and is certain to think of an answer.
References
Kerzner, Harold. (2013) Project management: a systems approach to planning, scheduling, and controlling, John Wiley & Sons. 14-600. Newyork, NY.
Thomaz, J. (2014). Knowledge Management on PMO’s Perspective: A Systematic Review. European Conference on Knowledge Management, 1, 233.
Jeevan Manda
Discussion 7
5 days ago
1 reply
Last 3 days ago
What should Mark have done if Jack still was not able to resolve the problem?
Mark has an extensive measure of want on Jack. He figured Jack would think about a blueprint for using all.
1. When Thomas Paine writes about reconciliation, he is referring .docxkarisariddell
1. When Thomas Paine writes about reconciliation, he is referring to (1 point)
the southern Colonies staying peacefully connected to the northern Colonies.
the Colonies staying peacefully connected with Great Britain.
the Colonists staying peacefully connected to Native Americans.
Great Britain staying peacefully connected with Europe.
2. Which of the following statements about Common Sense is NOT true? (1 point)
Common Sense was written the same year as the Declaration of Independence.
Thomas Paine wrote Common Sense to persuade colonists to fight for independence.
The printing press enabled the wide circulation of Common Sense.
Thomas Paine was hanged for treason after writing Common Sense.
3. Thomas Paine believed America should be (1 point)
an asylum, a safe place, for all people.
a British colony.
a continent of many nations.
a city on a hill.
Asylum is a word with multiple meanings. Read the following sentence from Common Sense.
“This new world hath been the asylum for the persecuted lovers of civil and religious livery from every part of Europe.”
4. In this context, does asylum have a positive or negative connotation? (1 point)
positive
negative
5. Thomas Paine wrote Common Sense to (1 point)
Revolutionary War soldiers.
colonists in 1776, prior to the signing of the Declaration of Independence.
the British monarchy.
women seeking the right to vote.
.
1-This discussion question is based on pp. 135-158 ofThe E.docxkarisariddell
1-
This discussion question is based on pp. 135-158 of
The Essential Theater, 10th ed.
, by Oscar G. Brockett and Robert J. Ball.
Topics you should know before answering this question:
1. Neoclassical rules of theater in France (pp. 123-124)
2. The rebellion against neoclassicism and the appreciation of Shakespeare (pp. 136-138)
3. Sturm and Drang movement in Germany (pg. 136)
4. The connection between Romanticism and melodrama (pp. 139-146)
5. Realism and Heinrick Ibsen (pp. 146-158)
6. Realism in acting (Stanislavsky) (pp. 158-160)
Describe the differences between the Romantic movement and the Realism movement in theater. Give specific details and use plays discussed in your book and class as examples. Finally, describe which kind of play you would be more likely to go see and why.
2-
This discussion question is based on pp. 161-250 of
The Essential Theater, 10th ed.
, by Oscar G. Brockett and Robert J. Ball.
Topics you should know before answering this question:
1. Psychological Realism in American theater (pp. 183-188)
2. Stanislavsky method of acting (pp. 175-178)
3. African American theater (pp. 224-228)
4. Latino theater (pp.229-233)
5.
A Raisin in the Sun, Ma Rainey's Black Bottom,
and
Lydia
Compare African American Theater, Latin Theater and Asian-American theater. How are these traditions similar? How are they different? Be specific. Use the names of playwrights and/or their work.
3-
This discussion question is based on pp. 135-158 of
The Essential Theater, 10th ed.
, by Oscar G. Brockett and Robert J. Ball.
Heinrich Ibsen's
A Doll's House
ends with Nora Helmer leaving her husband and children for the purpose of finding out who she is outside the tight confines of her marriage. This ending shocked 19th century audiences, and the play was often changed to have Nora remain with her family. In some places, like Britain,
A Doll's House
was simply banned outright.
In your opinion, what purpose was served by having
A Doll's House
censored, either by being rewritten or banned? Is censorship of a theatrical or cinematic work ever permissible? If so, under what conditions? If not, why not? Explain your position as clearly and thoroughly as you can and defend it against people who might disagree with you.
.
1- What is a trigger and what is its purpose Give an example2.docxkarisariddell
1- What is a trigger? and what is its purpose ? Give an example
2-
Explain why it might be more appropriate to declare an attribute that contains only digits as a character data type instead of a numeric data type.Explain why it might be more appropriate to declare an attribute that contains only digits as a character data type instead of a numeric data type
.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
1-Holding everything else constant, an increase in the growth rate.docx
1. 1-Holding everything else constant, an increase in the growth
rate of the money supply will cause the AD curve to
not shift at all.
shift outward.
shift randomly.
shift inward.
2-In the AD-AS model, which curve would be irrelevant if
prices and wages were perfectly flexible?
A. Long-Run Aggregate Supply
B. Long-Run Aggregate Demand
C. Short-Run Aggregate Supply
D. Aggregate Demand
3-An increase in the expected inflation rate will cause the
LRAS curve to:
A. do nothing.
B. shift right.
C. flatten out.
D. shift left.
4-When consumers suddenly become more pessimistic about the
economy, the stock shifts the:
A. LRAS curve outward, reducing the real growth rate in the
short run.
B. AD curve inward, reducing the real growth rate in the short
run.
C. AD curve outward, reducing the real growth rate in the short
run.
D. LRAS curve inward, reducing the real growth rate in the
short run.
5-Which of the following would cause the AD curve to shift to
2. the left?
A. lower growth rate of output
B. decreased government purchases
C. higher government budget deficits
D. lower taxes
6-A temporary decrease in consumer spending causes:
A. a decrease in the economy's long-run potential growth rate
B. a decrease in velocity growth
C. an upward shift of the SRAS curve.
D. a decrease in money growth
7-Which of the following best describes the conditions of the
Great Depression?
A. Real GDP growth was negative while inflation was very
high.
B. Both real GDP growth and inflation were historically high.
C. Real GDP was high while inflation was negative.
D. Both real GDP growth and inflation were negative.
8- Menu costs are the costs associated with changing:
A. jobs.
B. wages.
C. prices.
D. expected inflation.
9-A temporary positive shock to spending growth will lead to an
increase in:
A. output and inflation in the short run, but no change in either
in the long run.
B. output in both the short and long run.
C. both inflation and output in the short run, but only output in
the long run.
D. both inflation and output in the short run, but only inflation
in the long run.
10- Which of the following describes the process through
which a major decline in the stock market leads to a change in
3. Aggregate Demand?
A. Banking panics lead to a removal of deposit insurance and a
negative AD shock.
B. A stock market bubble bursts, and this leads to a negative
supply shock.
C. Reductions in consumer wealth produce a negative AD
shock.
D. Increase in net exports produce a negative AD shock.
11-
A. 10%
B. 4%
C. 7%
D. 3%
12-
A. 3%
B. 7%
C. 4%
D. 10%
13-
A. -0.5%
B. 6.5%
C. 7%
D. 3%
14-
A. 6.5%
B. -0.5%
C. 0.5%
4. D. 2%
15-
A. Workers increase their inflationary expectations so that the
economy moves to point A.
B. Workers decrease their inflationary expectations so that the
economy moves to point C.
C. Workers increase their inflationary expectations so that the
economy moves to point C.
D. Workers decrease their inflationary expectations so that the
economy moves to point A.
16-In 2011 a major earthquake and tsunami destroyed much of
the capital infrastructure in Japan. Those natural disasters were
an example of:
A. negative shock to AD.
B. positive shock to LRAS.
C. positive shock to AD.
D. negative shock to LRAS.
17-In the basic model that includes the AD and LRAS
only, increased spending growth causes:
A. a higher real growth rate, but no change in the inflation
rate.a
B. a higher inflation rate, but no change in the growth rate.
C. a lower inflation rate, but no change in the real growth rate.
D. a lower real growth rate, but no change in the inflation rate.
18-In the basic model that includes the AD and LRAS curves
only, a shock that reduces the velocity of money growth by two
percentage points causes
A. a decrease in real growth by two percentage points, a
decrease in inflation by two percentage points, or both.
B. a decrease in the inflation rate by two percentage points.
C. an increase in the inflation rate of less than two percentage
points.
D. an increase in the inflation rate by two percentage points.
19-If nominal spending growth is 5%, velocity of money growth
5. is 2%, and the economy is in recession at a -1% real growth
rate, what is the inflation rate?
A. 8%
B. 4%
C. 6%
D. 3%
20-Business fluctuations are fluctuations in the:
A. growth rate of real GDP around its trend growth rate.
B. growth rate of nominal GDP around its trend growth rate.
C. level of nominal GDP around its long-term trend
D. level of real GDP around its long-term trend
21-The aggregate demand curve shows all the combinations of
_______________ and _______________ that are consistent
with a specified rate of _______________.
A. prices; real GDP; spending
B. prices; real GNP; money supply
C. inflation; real GDP growth; spending growth
D. inflation; nominal GDP growth; money supply
22-If π > Eπ
A. firm profits will increase.
B. money growth will cause the SRAS curve to shift to the
right.
C. money growth will cause the SRAS curve to shift to the left.
D. there will be no change in real GDP growth because it is
determined by real factors of production.
23-Why could high rates of inflation cause the velocity of
money to increase?
A. The more money loses its value, the faster people try to
spend it.
B. The more inflation there is, the more there is to purchase.
C. The more people earn the faster they spend it.
D. The more people earn, the faster prices rise.
24-Using a graph of AD and LRAS curves, the shock to oil
prices in the 1970s caused:
A. real GDP growth to be unchanged and inflation to decrease.
6. B. real GDP growth to increase and inflation to decrease.
C. real GDP growth to be unchanged and inflation to increase.
D. real GDP growth to decrease and inflation to increase.
25-Because of sticky prices and wages, negative AD shocks lead
to:
A. small changes in inflation but large changes in
unemployment.
B. large changes in inflation but small changes in
unemployment.
C. negligible changes in both inflation and unemployment.
D. significant changes in both inflation and unemployment
DEVELOPING CONTRACTS IN PROCUREMENT AND
SUPPLY
DEVELOPING CONTRACTS IN PROCUREMENT AND
SUPPLY 12
Table of Contents
Terms and conditions 2
Terms and conditions in management of risks 4
Concept of ‘battle of the forms’ 8
Ensuring agreement is carried out under own terms and
conditions 9
Monitoring and managing performance measures 10
Reference 12
7. Terms and conditions
Definitions
‘Conditions’ means the terms and conditions that are outlined in
this document
‘Contract’ refers to the agreement made between the parties for
sale and purchase of goods
‘Goods’ refers to the deliverables as set out in purchase order
‘Order’ means the purchase order presented to the supplier with
listing of goods to be supplied
‘Supplier’ refers to the party contracted to deliver goods
1. Prices and payment
1.1. All the prices that have been quoted will remain fixed as
agreed on the purchase order and expressed in US dollars ($).
1.2. The prices are exclusive of VAT but includes all other
applicable taxes as well as incidental cost likely to be incurred.
1.3. The price is also inclusive of any packaging, insurance,
customs and delivery costs to be incurred by the supplier as per
the specified descriptions in the agreement
1.4. The invoice shall be presented upon delivery of the goods
and payment will be made within a period of 30 days upon
inspection of the goods to ensure that they meet the necessary
standards.
1.5. Payment shall be made through a cheque addressed to the
bank that has been nominated by the supplier in writing
8. 2. Delivery of goods
2.1. The supplier will be responsible for ensuring that the goods
are delivered to the agreed premises.
2.2. The goods shall be supplied on the specific date that has
been stated on the purchase order. If the date has not be stated,
the goods shall be delivered within 5 days
2.3. Any delivery after the agreed time shall be deemed a
default by the supplier and he shall be liable to pay for any
damages incurred as a result of the delay
2.4. The goods shall be properly package and secured to ensure
that they get to the agreed location without any damages
2.5. The supplier will attach a delivery note in the consignment.
It will include details such as the date and number of the order
as well as the details of the goods being delivered.
2.6. The delivery process shall be deemed complete once all the
goods have been unloaded at the stated location
3. Quality of goods
3.1. The supplier shall be responsible for ensuring that all the
delivered goods meet the required quality standards
3.2. The goods shall meet the set specifications on the purchase
order
3.3. The supplier will ensure that the goods delivered are in the
right condition. This will include the right design and materials.
3.4. The goods shall be available to be inspected and tested for
quality purposes at any point before they are delivered.
3.5. Any goods that will not meet the required standards of
quality shall not be accepted
4. Confidentiality
4.1. The supplier shall ensure that all information provided is
kept confidential and not exposed or furnished to any third
party.
4.2. There shall be no public announcement or disclosure of the
agreed contract
9. 4.3. The supplier shall ensure that the staff understand the need
to ensure confidentiality of the contract and its contents
4.4. Any case of disclosure shall be deemed a default by the
supplier and he will be required to pay for the damages caused
5. Ethics
5.1. The supplier shall remain ethical in all dealings in the
production of goods and not engage in any unethical act that can
portray the two parties as being unethical
5.2. The supplier shall disclose all the process of production for
inspection and review to ensure that ethics has been upheld
5.3. Any case of unethical conduct reported about the supplier
shall result to termination of the contract with no compensation
for any work in progress
5.4. If there are cases of supply of goods produced unethically
the supplier shall be deemed to have defaulted and will be
required to pay for any damages caused
6. Termination
6.1. The contract may be terminated in whole or part any time
before the goods ordered are delivered. This will be done by
giving the supplier a notice where compensation shall be made
for ongoing work.
6.2. The contract shall be terminated with immediate effect if
there is prove of breach of the terms in the contract or
involvement in unethical practices. Terms and conditions in
management of risks
i. Managing risk of poor quality
The set terms and conditions ensures that the suppliers do not
compromise on the quality of the products supplied. It has for
instance been pointed out that it is the responsibility of the
supplier to ensure that the goods supplied are of the required
quality and meet the specifications in the purchase order. This
is also emphasis on the design and the materials that are used to
make the products which have to be of the right standards. In
addition, the terms and conditions states clearly that any goods
that do not meet the right quality will not be accepted. This
ensures that the supplier focuses on quality and ensures that
10. there is no compromise. This will also apply to the process of
packaging and delivering the goods where the supplier will
ensure that they are handled properly to avoid any damages. It
has also been stated that the goods shall be available for
inspection and testing before the delivery is made. This means
that there is an opportunity to inspect the goods in the
production process to ensure that the right materials are being
used and that all the production processes are being undertaken
in the right manner. In this way there is a greater assurance of
delivery of quality goods as opposed to allowing the supplier to
work without any specifications or inspecting the goods in the
production process to ensure that the right material are being
used (Walter, 2001).
ii. Managing risk of time extension
When contracting there is a risk of time extension where the
contracted supplier may not be able to deliver the goods ordered
at the right time and they will want to seek time extension. This
could however mean that the organization will not be able to
deliver on its obligations to the customers. It may also mean
that there will be stoppages in the production process as a result
of lack of materials for production due to the delays by the
supplier. This is costly for the organization as it results to loss
of trust by the customers and other costs such as idle time by
the production employees. For this reason, the terms and
conditions states that the goods that have been ordered for shall
be delivered on the agreed date with no delay. If there is no
such agreed day, the supplier will be required to deliver within
5 days from the time when the order is made. The supplier must
confirm that they are able to meet this deadline and will not
need any extensions. In addition, it has been stated that the
supplier will be required for any damages that will be incurred
as a result of the delay. This could include damages as the lost
sales as a result of cancelled orders by customers due to delays
as well as the idle time by the employees as a result of
stoppages in the production process. These terms therefore
ensure that the supplier remains committed to ensuring that the
11. deliveries are made at the right time to avoid paying for the
damages (Heim, 2008).
iii. Managing risk of increased cost
There is a risk of increased costs in the process of contacting
for supplies where the supplier may want to increase the prices
in as a result of the changes in the market conditions and market
rates. This would be costly as it would mean that the goods have
to be sold at a higher cost to cover for the increased input cost.
This kind of price increases will however be prevented given
the fact that the terms and conditions state clearly that the price
quoted will remain fixed. This means that the supplier has to
stick to the agreed prices despite the changes in the market
trends. In addition, the currency in which the prices are set is
also stated clearly which means that the supplier cannot decide
to use a different currency which would result to increased
prices as a result of the exchange rate costs. In addition, the
terms and condition identify the taxes that have been included
in the price and the tax that has not been included in the price.
The price for instance is exclusive of VAT which means that the
supplier cannot decide to include the VAT on the price stated in
the invoice presented. The terms and conditions also help to
avoid cases of price increase by ensuring that all the additional
costs that are incurred in packaging, insurance and delivery
which means that the supplier cannot decide to charge these
costs separately which would mean an increase in the overall
cost per product that is paid to the supplier. The terms and
conditions therefore are effective in ensuring that there is no
risk of price increase for the goods that have already been
ordered (Nagle, 2006).
iv. Managing risk of unethical practice
Another common risk in the procurement and supply contracts
is the risk of unethical conduct by the supplier which could
have negative impacts to the image of the organization. If the
supplier engages in unethical practices such as corruption,
forced labor or illegal acts in the production process could
result to an organization being viewed as being unethical as
12. well for purchasing products. For this reason it is important to
ensure that the supplier does not expose the organization to
ethical issues by supplying goods that are produced using
unethical practices. For this reason, the terms and conditions
states that the supplier will need to ensure that all the goods
that are supplied are produced using ethical process. It also
states that the supplier will need to disclose all the process of
production of the supplied goods where needed. This will offer
an opportunity to establish any cases of unethical practices
which could pose a threat to the image of the organization. In
order to safeguard the interests of the organization, the terms
and conditions states that any case of unethical practices that
has been reported or established will result to termination of the
procurement contract. This will ensure that the supplier does
not compromise on ethics when supplying goods and will ensure
that all the processes in the production of the goods are ethical.
To further cover the risks that the organization is exposed to,
the terms and condition also point out the fact that the supplier
will pay for any damages incurred as a result of ethical issues
arising from supplied goods. Such damages will include lost
sales due to the damaged reputation of the organization in the
public domain (Oliver, 2008). Concept of ‘battle of the forms’
Battle of forms can be described as the scenario where a legal
dispute arises between two parties that are contracting as a
result of each party insisting on its own standard terms. In this
case both parties come to an agreement that they are entering a
contract that will be binding. They are however not able to
settle on the terms and conditions that will apply as each of the
parties insists on the terms that are favorable to them. It starts
with one of the parties or businesses making an offer which is
usually in the form of a pre-printed contract that has his own
terms. The party that is being offered the contract also responds
with its own contract that also has a set of terms and condition
which are favorable to them (Shahar, 2005).
The battle of forms therefore arises when each of the parties
fails to agree to the terms provided by the other party given the
13. fact that the terms are only favorable to the respective party that
is drafting and in most cases they contradict each other. The
battle is eventually won by the party that presents the terms that
are not explicitly declined by the other party and as such the
contracts becomes valid. A good example of ‘battle of forms’ is
in a case where a company purchasing delivers a purchase order
to the supplier. The order however has a list of standard terms
that are one-sided and only favorable to the company that is
making the purchase and not good for the supplier. In response,
the supplier sends an acknowledgement form that also has a list
of standard terms that are only favorable to the vendor and
which in fact are the opposite to the terms that are presented by
the purchaser (Steensgaard, 2015). Ensuring agreement is
carried out under own terms and conditions
There are various ways to ensure that the agreement is carried
out under own terms and conditions. One of these is ensuring
that the terms are reasonable and that they are not one sided
hence making it difficult for the other party to cope with. The
terms should be reasonable enough where each party feels that
they are fair and not biased towards one side. In addition, it
should be easy to demonstrate the reasons as to why the terms
and conditions have been set and the consequences that may
arise as a result of failing to comply with the terms. As such it
will be possible to convince the other party that they are good
for both of them (Oliver, 2008).
Another way to ensure that the terms are accepted by the other
contracting party is to ensure that they are communicated early
in advance. This ensures that the party develops an early
perception of what to expect which will make it easier for them
to accept the terms. This is as opposed to presenting the terms
at the point when the contract is being signed when the other
party has no considerable time to reflect on the implications of
the terms. Presenting the terms and conditions at the last minute
could result to the other party suspecting that there are hidden
clauses which will not be favorable for them hence failing to
agree to the terms (Thorpe, 2009).
14. An organization can also ensure that own terms are applied in
the contract by ensuring that the terms set are in line with the
general industry terms and conditions. There are common terms
that are applicable in contracts between hotels and suppliers for
instance. Setting own terms which are close to the general terms
and conditions that are applied in the industry makes it easier
for the other party to agree to work with those terms. This is
because they are used to them and will find it easy to cope.
Where possible, the set terms and conditions should be closely
aligned to those that were applied in similar contracts between
the two parties before (Lawson, 2011). Monitoring and
managing performance measures
The management and monitoring of the key measures under the
contract is achieved by ensuring that the supplier gets a good
understanding of the terms and conditions. The terms and
conditions outlines some of the key performance measures
under the contract such as timeliness and quality of the goods
that are delivered. Going through the terms and conditions
therefore ensures that the supplier has a good understanding of
the performance measures and what will be used to judge their
performance. The terms and conditions ensure monitoring and
management of relevant performance measures by ensuring that
the organization has the ability to collect and analyze the
necessary information in the production process. By collecting
information on the production procedures, the organization is
able to establish if the organization meets the necessary quality
and ethical standards are met. Any form of compromise on the
key performance indicators is established early in advance for
necessary action to be taken (Poppo, 2014).
The terms and conditions also allows for the inspection of
goods during the production process, before they are packaged
and when they are delivered. Inspection and teasing during the
production process ensures that the right materials are used and
that the processes are effective. The goods are also inspected
before packaging to ensure that only products of high quality
are packaged and also after delivery to ensure that they are in
15. the right condition. The terms and conditions as such enables
the organization to ensure that the suppler is effective enough
and guarantees delivery of quality products which is a key
performance measure. This provision also ensures that the
organization does not have to wait until the supplier fails to
deliver based on the performance measures in order to raise
alarm. The organization may notice weaknesses in the
production process where it will be in a position to raise the
issue early in advance to avoid delivery of goods that do not
meet the set standards (Gray & Handley, 2015).
The organization will be able to give feedback to the supplier
on the assessment made in a professional and constructive
manner. This applies in the cases where it feels that the supplier
is not in line with the performance measures either as a result of
compromise on quality, timeliness, ethical issues or any other
concerns. In this way the two parties are able to work together
to come up with the necessary changes to ensure that the
supplier is able to function in line with the performance
measures.
The terms and conditions clearly outlines the consequences of
the supplier failing to meet the performance measures of the
contract. It cites for instance the penalties that are to come
about as a result of failure to deliver the right goods at the right
time where he has to pay for the damages caused. This also
applies to the liability for damages arising from ethical issues.
Other consequences include the termination of contracts as a
result of default by the supplier or failure to meet the
performance measures. The consequences that are outlined in
the terms and conditions makes it possible to manage the
supplier in order to ensure that they meet the performance
measures under the contract (Poppo, 2014).
Reference
Gray, J. V., & Handley, S. M. (2015). Managing contract
16. manufacturer quality in the presence of performance ambiguity.
Journal of Operations Management, 3841-55
Heim, A. F. (2008). Guide to service subcontract terms and
conditions. Chicago: Strategic Alliances, Teaming and
Subcontracting Committee, Section of Public Contract Law,
American Bar Association
Lawson, R. G. (2011). Exclusion clauses and unfair contract
terms. London: Sweet & Maxwell
Nagle, J. F. (2006). Administration of government contracts.
Washington, D C: George Washington University, National Law
Center, Government Contracts Program
Oliver, R. W., (2008). Terms and conditions of contract. Ascot:
Institute of Purchasing and Supply
Poppo, L., (2014). Managing Contracts for Fairness in Buyer--
Supplier Exchanges. Strategic Management Journal, 35(10),
1508-152
Shahar, O. (2005). An Ex-Ante View of the Battle of the Forms:
Inducing Parties to Draft Reasonable Terms. International
Review of Law & Economics, 25(Conference on Commercial
Law Theory and the Convention on the International Sale of
Goods (CISG), 350-370
Steensgaard, K. (2015). Battle of the forms under the CISG -
one or more solutions? Internationales Handelsrecht, 15(3), 89
Thorpe, C. P. (2009). Commercial contracts: A practical guide
to deals, contracts, agreements and promises. London: Kogan
Page
Walter, W. S. (2001). Sample terms and conditions of printing
contracts for California. Los Angeles, CA: Associations of the
Printing Industries of California
DEVELOPING CONTRACTS IN PROCUREMENT AND
SUPPLY
17. Assignment
2:
Developing contracts in
procurement and supply
Membership: 005597613
Program name: CIPS
Group Number: 6
DEVELOPING CONTRACTS IN PROCUREMENT AND
SUPPLY
Assignment 2: Developing contracts in
procurement and supply
Membership: 005597613
Program name: CIPS
Group Number: 6
19. The following content from the Practitioner syllabus can be
used to answer this assessment:
• The main types of contracts and agreements
• The documentation that is used to create commercial
agreements for the supply of goods, services or
works
• The sources of express terms that can be used to regulate
contracts made for the supply of goods or
services
• The legal issues that relate to the creation of commercial
agreements with customers or suppliers
relating to offers, counter offers, acceptance, and other issues
• Core clauses that comprise commercial agreements with
customers or suppliers
• Key provisions of legislation that relate to contracts for the
supply of goods and services
• The use of contractual KPIs that link to technical and
commercial requirements in contracts
• The main types of risks in the performance of contracts such
as internal, market, economic, legal,
ethical sourcing and performance based risks
• Performance management and ensuring compliance to agreed
standards
• Payment responsibilities in contract management
• Creating targets for assessing the performance of suppliers
based on the SMART (specific,
measurable, achievable, relevant and timely) targets for
performance
21. supply
• Evaluate the potential risks that purchased goods and services
may be subjected to and liaise with
suppliers and stakeholders to create plans to mitigate the
adverse effects of these risks
• Monitor the supply of goods and services to ensure required
performance standards are achieved
• Ensure compliance to, and take remedial actions for any
deviations from contracted payment terms
for purchased goods and services
• Formulate SMART (specific, measurable, achievable, relevant
and timely) targets for supplier
performance and agree their application with suppliers and
stakeholders
• Create improvement plans to correct defective performance or
to mitigate risks for purchased goods
or services
1
5
CORPORATE AWARD PROGRAMME
ASSIGNMENT FRONT SHEET
22. STUDENT MEMBERSHIP NUMBER
COHORT NAME and NUMBER
Cohort 6
ASSESSMENT Code / Number
AS2
MODULE TITLE
Developing Contracts in Procurement and Supply
SUBMISSION DEADLINE DATE
Second Submission
WORD COUNT
3184
Please do not change or remove the wording in this front sheet
as this is required for all submissions under the Corporate
Award Programme. Any submissions received without the
correct front sheet will be returned to the candidate for
amendment and re-submission and may delay marking.
1. Please ensure that you complete and attach this form to the
front of your submission. It will not be accepted if it as sent as
a separate file to the submission itself.
2. Before submission, please ensure that your name does not
appear anywhere on your work.
3. By submitting your work, you are confirming that your work
is your own and that you have read and understand CIPS rules
regarding plagiarism and the consequences that will arise
should you submit plagiarised work.
Table of Content
1. Executive summary
2. Question
one……………………………………………………………………
….
3. Question two
23. ………………………………………………………………………
4. Question three
……………………………………………………………………
5. Conclusion
Introduction:
Terms and conditions is a set of regulations, which supplier and
customer must agree to follow in order to create a contract.
They will have to agree on terms and conditions of the contract
as well as any possible liabilities in case of a breach of the
contract. As one of the major companies in the world, SABIC
has a set of detailed terms and conditions referred to as
Standard Terms and Conditions in which supplier accepts and
aware of before registering in SABIC as an approved supplier.
Certainly, it is open for negotiation before the creation of the
contract. The standard terms and conditions is very
comprehensive to accommodate all type of contracts and types
of suppliers. For instance, there is a special terms and contract
for internal and external of KSA.
Executive summary
Subject matter
This report evaluates and provides an analysis of the
opportunities for the supply and procurement function, explains
how the terms and conditions can be improved and how
collaboration can be created with stakeholders to increase early
engagement. The report also gives a general overview of the
need for organizational policies and procurement in order to
implement effective procurement supply.
Key findings
· After doing an extensive research, I drew attention to the fact
that the company should identify and allocate purchasing
activities to achieve the best value for money. I found out that
24. it can be done by applying the five rights of acquisition and
value for money criteria to any purchase of good and services
similarly assessing the acquisition of possessions and amenities
based on total cost of ownership is an important step.
Furthermore, creating savings and improve efficiency requires
the company to negotiate with the suppliers.
· To improve the procurement and supply function, it should be
taken into consideration the fact that our procurement and
supply function is much more than the cost of getting products
into the hands of our customers.
In the report some partnership principles have been outlined
that will help in the creation of collaboration with stakeholders.
Undertaking stakeholder engagement in a collaborative manner
will allow a substantial relationship to be built between the
stakeholders and the company. In our case, we shall have to
give consideration to the development of stakeholder
engagement process to test knowledge and assumption.
· Based on the fact that this report is a one-person’s point of
view, there is need for improvement for highest results.
Similarly, some of the recommended approaches may take time
to accomplish but they are very effective once they are well
implemented. The report did not discuss in detail how to ensure
compliance with a low level of procurement regulation, reduce
application of poor procurement and supply policies, and ensure
enough support from top management. However, tit is evident in
our company that the management of the company has the right
measures in place
Question One: How your Terms and conditions ensure that you
manage the risks of poor quality, extension of time, increased
costs and unethical practice
SABIC is one of the greatest companies in Saudi Arabia. SABIC
has grown over time and has diversified to produce various
25. commodities. The growth can be attributed to various strategies
that have been put in place by the company. The company has
put in place various terms and conditions that are aimed at
managing poor quality, extension time, increased costs and
unethical practice.
a. Risks of Poor Quality
Supplies must deliver the product or service to the
agreed place of delivery and receive an Acceptance Certificate
and within thirty days the End User and Warehouse evaluate the
materials and then supplier would be informed if either; the
products or services supplied were accepted or it did not comply
with the purchase agreement and that they have been rejected
In case the supplied materials or services were rejected,
it will be swiftly returned to the supplier at its sole risk and
cost. In case the supplier had been paid fully or partly there
before, for the rejected work, then the suppliers will be forced
to replace the rejected work and credit not should be issued in
respect thereof under Clause 1.9.2 of the Sabic Standard Terms
and Conditions.
In all respects, the work will conform to the quality
specifications and requirement set in PO. If these requirements
and specifications are not specified to customary and normal
specifications or goods quality then this should be done in
accordance to the accepted industry practices and applicable
professional codes and standards. However, supplier cannot
change the specifications, manufacturing or material processes
without first seeking the consent from SABIC.
Supplier guarantees and warrants that the work to be
completed or delivered is free from defects, fault designs in
workmanship and in material and so fit for the intended work
for a period of one year from use, commissioning or
installation. SABIC will notify supplier in accordance on
26. discovery of failures or defects within the time in which warrant
is still active. In addition, the supplier will compensate SABIC
for all the expenses and losses it has reasonably suffered in
relation to defect hence replacement and repairs under the
warranty under Clause 1.10.3 of the Sabic Standard Terms and
Conditions.
b. Extension of Time:
According to SABIC Standard Terms and Conditions,
the supplier is ought to deliver the goods and services in the
quantity states in purchase order to the point of delivering on
the corresponding date of delivery. The date of delivery shall
remain firm and should not be different except through a
Change Order. Supplier must inform the stakeholders in writing
if he expects there will be a delay in delivery.
In the eventuality that the supplier fails to perform or
deliver the work according to agreed date set in the PO, supplier
will pay the buyer liquidated damages that equal two percent of
the price for every week after the delivery date.
c. Increased Costs
The prices outlined in PO will be an all-inclusive and
fixed. The price will not be varied without direct consent of
SABIC shareholders given by the means of a written Change
order as per Clause 1.3.2 of the Standard Terms and conditions.
Payment has to be made to the supplier after sixty
business days from the date of the invoice issuance. The price
of the goods is all-inclusive of all and any taxes payable related
to the purchase agreement. Moreover, payment will be in the
currency that is specified in purchase order and has to be made
directly by bank transfer to the bank account the supplier
indicated in the database of SABIC during the process of
supplier registration. Supplier must pay all related charges
27. related to bank.
The invoices ought to contain the PO number, quantities
and work description and it will be supported by documentary
proof of delivery or completion and also acceptance of work.
According to SABIC policy and procedures, the
change order in term of the price is only allowed within 10% of
the total price of the goods and services and after acceptance of
the stakeholders.
d. Unethical Practice:
According to SABIC standard terms and conditions,
Supplier is expected to comply with SABIC code of ethics and
conform to all applicable safety, environmental and health
regulations and standards under United Kingdom laws as well as
that of international standards. During supplier registration,
supplier is introduced to SABIC code of ethics and its EHSS
and must accept in order to complete registration as an
approved supplier in SABIC.
Suppliers should not commence any good, equipment
or materials shipment or commence any other work or services
until the insurance in effected or in force. In addition, supplier
shall maintain, procure and carry comprehensive general
liability insurance, which provides coverage for all damage due
to bodily injury, which includes death at any time, and personal
injury occurs to any person and for the damage to or loss of
property caused by accident resulting from operations in
relation to execution of the Purchase Agreement.
Supplier must provide a healthy and safe workplace for
his personnel, and protect the environment while carrying out
any activities.
28. As per SABIC Terms and Conditions, supplier must not
to promise to pay, or pay, or authorize any form of payment for
anything of value or money to any entity or person for the
purpose of obtaining, inducing a decision, or retaining business,
or any advantage related to the purchase agreement. The
supplier has to, and shall ensure that all personnel complies
with all laws applicable to anti-money laundering, anti-
corruption, or anti-bribery.
Question Two: Explain the concept of the “battle of the forms”
and demonstrate how you could ensure that any agreement is
carried out under your terms and conditions
A contract is actually formed where an offer made by
one of the parties is accepted by the other. There are intentions
and considerations that are vital when forming a contract. When
two commercial or business entities with equal bargaining
power are in negotiation over transaction terms, each party
would wish and want to use their standard terms in governance
of the contract.
That provision of standard terms by one party to another mostly
constitutes an offer, which can be accepted. However, it comes
a time when the other party does not unequivocally accept the
other’s offer in such that they seek to vary the standard terms or
they end up putting forward their own. This is deemed to be
counter offer and leads to rejection of original part’s offer.
According to the mirror-image rule of the common law, an
acceptance that is different from the terms of a contract
becoming a counter-offer (Carter, and Ketchum, 28-33). This
serves as a rejection of the original contract.
However, the common law rule has with time been
replaced by statute in several jurisdictions to achieve fairness
among parties. The only requirement currently is that the
responding form has to contain a reasonable and definite
acceptance expression. The responding form terms that
29. correspond to the offer makes up the contract (Carter, and
Ketchum, 28-33)
In other cases, a situation may arise where two parties
in attempt to incorporate their own standards term will usually
bury themselves into question on to which terms will govern the
contract and in some cases whether a contract is in existence at
all. This situation of not coming into an agreement on whose
contract to be used is known as battle of forms. The situation
often occurs unwittingly and it mostly occurs when dispute
arises and the parties involved seek to rely on a particular
contractual term and so operative comes into question.
I can ensure that any agreement is carried under my own terms
and conditions by:
· Making sure that the supplier is an independent contractor.
· The purchase agreement together with master agreement
incorporates the entire agreement between the parties involved.
The agreement goes in line with respect to the matter pertaining
purchase agreement and supersedes all prior representations,
arrangements, negotiations, communications, agreement and
contracts entered or made between the both parties.
Consequently, I will ensure that the purchase is not bound by
any standard or printed terms presented by supplier in quotation
or any other document unless the purchaser is incorporated in
the purchase Agreement.
· Shan from making modifications of the Purchase Agreement
will be effective with purchaser unless it is a written
amendment, expressly stated as such and where both parties
have signed.
· Ensuring that before I enter into any contract with business,
which is equally yoked. I will purpose to seek legal advice so
that I do not enter into agreement that can mess me around. The
30. legal advice will offer the bearing on when to call the shots.
The legal advice explains the terms of the contract and outlines
the rights and obligations under that contracts, negotiate more
favorable terms in the contract, prepares a contract for me to
enter into with another party.
· As in any negotiation process, information is key such as the
supplier place in the market and how much power they hold and
the type of material as we can see below in the figure , as a
buyer in SABIC I’d focus on the strategic items trying to
establish a partnership relationship. In addition, for the leverage
items I would have more power in the negotiation.
For SABIC, it is important that the organization gets the best
possible deal during the negotiation process. This does not
mean that everything has to go according to what the supplier or
the organization wants. It implies that the supplier and the
organization need to understand the most important things that
they have to agree upon during the negotiation process. Lack of
clarity is the main cause of misunderstanding and disputes in
contracts.
The parties involved in the contract need to discuss
every aspect of the contract carefully and ensure that the
objectives of both sides are well as acknowledged and met. In
any negotiation process, the organization should always settle
for a win-win solution that will benefit both the parties. The
other aspect that needs negotiation in the procurement/supply
process is negotiating to have the objectives of the organization
met.
During the procurement/supply process, the organization should
always negotiate to have a long-term relationship with the
suppliers. This will enable the organization to come up with
31. alliance parties networks, which are very important. The short-
term benefits are not the most important thing in any contract
but a relationship that will last for long even after the sourcing
process has been completed.
It is also important for the company to be conversant with the
law as this helps to minimize environmental and business risks.
More often than not, the legal system governing both the
purchaser and supplier can have an impact on their contractual
agreements. For example, countries such as the United States
often have a common-law system that tends to make contracts
longer. Therefore, the company ought to ensure that the contract
is in tandem with the environmental and business laws
depending on the supplier’s country of origin.
Question three: How your terms and conditions ensure that the
relevant performance measures are monitored and managed
The terms and conditions ensure that the relevant
performance measures are monitored and managed by.
According to SABIC Terms and Conditions, it allow for the
regular checking of supplier’s progress to make sure that
contractual obligations are met. The terms also spell out the
need for checking all clauses and conditions in the contract are
acted upon by evaluating on any case of bleaching and taking
action after seeking legal advice especially if non-conformance
with the contractor occurs.
The terms allow for regular and random inspections
of the goods and services that have been supplied during the
contract period to make sure that they are of suitable standard
and they meet the specified specifications. In addition, the
terms spell out how the suppliers could offer advice especially
in writing if they are not satisfied with aspects of performance
under the acting contract.
As per SABIC Terms and Conditions, it point to the
need for immediate action if problem occurs and also involving
32. senior representatives of both supplier and procurer to solve the
identified problems as soon as it can be done. The terms allow
for the obtaining and developing mechanisms, which are
effective when it comes to obtaining feedback from stakeholders
on procurement.
Moreover, the need for keeping adequate written
records of all deals that supplier and that of the administration
of contract. This can be through file notes of inspection, records
of meetings, telephone conversations and documented invoice
processing.
The terms allow for the performing regular inspections
of work to make sure that compliance with each and every
applicable legislation, quality provisions, contract conditions
and workplace safety and health is dependent on the nature of
procurement, its associated risks and complexity and this could
be on daily, weekly or monthly basis.
SABIC holds records for every supplier monthly and
yearly performance in term of quality and delivery. If supplier
performance decreased below a certain percentage for a period
of time, SABIC has the right to deactivate the supplier
temporarily or permanently in SABIC which they would not
have any new business with SABIC.
The Saudi Basic Industries Corporation (SABIC) have a
detailed and well-structured terms and conditions required in
any procurement contracts between a seller and buyer to ensure
a smooth and continuous operation be fully engaged in their
obligations and responsibilities.
Conclusion
Setting terms and conditions in every organization
especially those strikes deal on contract is very important. A
contract, which is between two parties, is signed to do
33. something or not to do something in return for a very valuable
consideration. Actually, a contract cannot be done by one
person. This means that, it is terms and conditions that are set
in any contract that prevents parties in one organization from
violating parties in the other organization in case of making
business or other deals. It also regulates how employees,
employers and stakeholder handle themselves and make them
aware of the consequences if they do not follow terms and
conditions. Additionally, for best results to be achieved,
contract manager must monitor and manage the relevant
performances as stated out in the contract. A contract should be
updated to reflect all the changes in the organization, market
and the world in general and this is one of the important factor
for contracts.
As a buyer for SABIC, I would recommend the following:
for strategic items to have the inspection in the site of the
supplier by an appointed SABIC representative before shipment
to ensure the quality of the goods purchased. Another
recommendation, is to have the records of the yearly
performance of suppliers with SABIC visible to all buyers in
which they can make their decisions before include the supplier
the bidding process.
References:
Huang, H., X. Shen and H. Xu., Procurement contracts in the
presence of endogenous disruption risk. Decision Sciences
Volman, Thomas E, and Carlos Gordon. Building Successful
customer-supplier Alliances. Long range planning
Techer Comments to fix :
You have made some major changes to your work. Your report
began with a revised executive summary; however, this did not
provide a summary of the key parts of your report or a summary
of your findings.
34. Instead it covered issues including total cost of ownership and
partnerships which were not the
subject of the assignment or covered in any depth within your
main body. Your recommendations
were also very generic and not focused on the assignment
tasks. See the Candidate Assignment
Guidance document for more information on the requirements of
the executive summary. �
�
Techer Comments to fix :
In terms of task one you did cover the risks highlighted in the
question and did provide some discussion on your terms and
conditions. However, this was very general and could have been
supported by the inclusion of extracts from your organisation’s
terms and conditions. You also could have referred to external
sources in this section to support your discussion, as well as to
elements from the syllabus. The lack of any inclusion of
external sources or elements of the syllabus in this section
resulted in it being very descriptive rather than analytical in
approach.
35. �
�
Techer Comments to fix :
You did provide a discussion on the Battle of the Forms which
did include some reference to external sources, but you could
also have included some reference to case law. However, whilst
you briefly discussed how your organisation deals with the
Battle of the Forms, this could have been expanded upon to
include other approaches that could be adopted to avoid the
Battle of the Forms. However, you did consider the
consequences to your organisation of losing the battle
�
�
Bottleneck Items
Strategic Items
36. Supply Risk
Non- Critical Items Items
Leverage Items
Impact on Results
Techer Comments to fix :
Your section on contract management did cover the issue of
inspections during the contract’s duration. However, you could
also have discussed the development and use of KPIs. This
section could have been enhanced had you provided some
specific examples of KPIs used within your organisation’s
contracts and had you included some references to external
sources to support your discussion.
37. �
�
Techer Comments to fix :
You also provided a very brief conclusion section which did
provide very brief a summary of your main findings and this
could have been expanded. You did include some
recommendations; however, these were very brief and could
have been both better linked to the findings within the main
body and expanded upon. Also, you could have considered the
implementation challenges of your recommendations.
You could have expanded your research in connection with this
topic and also made more use of your external research within
the main body of your report to support your discussions.
38. �
�
Techer Comments to fix : Your reference list consisted of only
two sources.
Areas for Improvement:
Application and Insight
• You should apply more of the content of the syllabus
throughout your report to improve your analysis.
• Produce an implementation plan showing how your
recommendations could be implemented.
• Include an enhanced conclusions section at the end of the
report as well as developing some of your recommendations in
more detail.
Knowledge and Approach
• Provide a more of a discussion covering managing contract
performance.
39. • Include more of the concepts taught on the syllabus within
your report to support your discussion.
• Cover the development and use of KPIs in the section covering
contract performance.
Research
• Refer to the Candidate Assignment Guidance document that
was issued for advice on referencing and on structuring your
references and bibliography.
• Try to make use of articles drawn from Supply Management
and content from the CIPS website, as there are useful materials
on these on aspects of contracting, such as the Battle of the
Forms, KPIs, contract terms etc.
• Include more external sources within the main body of your
report to improve and support your discussion.
Structure and Presentation
• Ensure your executive summary provides an effective
summary of your report - see the Candidate Assignment
Guidance document for advice on this.
45. 2.1 Include the assignment front sheet
2.2 The maximum number of documents you can submit for an
assessment is one
2.3 All of your work must be contained in one document
2.4 You must not submit appendices as separate documents
2.5 You must word process your assignment using MS word, or
equivalent, and convert it in to a pdf file
format
a. The file name should only consist of your full 9-digit
membership number and the assignment
number, e.g. “005429889 AS1.pdf”. Please note that this should
reflect the assignment
number, not the module number.
b. You may wish to make use of Adobe Acrobat’s Reduce File
Size… function
2.6 Every page should be numbered and contain your candidate
number at the top of the document in
the header.
The average number of pages for a 3,000 word assignment is 27
(including appendices). The maximum
number of pages allowed for a 3,000 word assignment is 50
pages in total. You should not exceed this
47. It is important that you address the requirements of the
assignment brief. Some students fail to do this and
overlook one or more requirements of the assignment brief. The
assignment title will include command
words. These are words such as “analyse”, “describe” etc. and
define what you are expected to do. A list of
common command words and their definitions is included as an
appendix to this document to help you plan
the depth of detail and type of information to research and
present within your assignment.
You should take care when reproducing company information
not already in the public domain within your
assignment. It is your responsibility to ensure you comply with
your own company expectations if the
information is considered confidential or sensitive.
CIPS is looking for evidence that a student understands a
concept and can apply it appropriately within a given
contexts defined by the assignment brief. In order to address the
assignment tasks, it is not necessary to
identify any real suppliers or products. Therefore, it is
acceptable to refer to a supplier as ‘Supplier A’ for
example, rather than identify real suppliers. Products can be
referred to as product ‘X’ or ‘Y’ for example,
48. rather than identify any sensitive procurements. It is best
practice to explain, within your introduction, the
naming conventions you will adopt e.g. “for the purposes of
confidentiality, suppliers or products will be
referred to as…”.
Research forms part of the assessment criteria, hence it is an
essential element of your assignment
preparation. Do not fail to realise the importance of collecting
information to support and underpin your
assignment work. It is vital that you demonstrate your ability to
establish information needs, obtain relevant
information and use it sensibly, in order to arrive at appropriate
conclusions, recommendations and/or
decisions. You should establish the nature of the information
required, follow up possible sources and ensure
you allow time to obtain the information. You may be
dependent on other colleagues or suppliers to obtain
relevant information – do not underestimate the time it may take
you to gather it. In order to conduct your
research effectively, you will need to conduct wider reading
associated with the topics covered in the module
content.
Useful sources of information include those freely available to
CIPS members such as our Knowledge site and
49. the Supply Management site. Additionally, websites such as
those of the National Audit Office and the
Financial Times are a great source of case studies and examples
of successes and failures which can support
your assignment preparation.
Your reference list and bibliography will provide an indication
of the level of research, information collection
and application within your assignment.
4. Structuring your assignment submission
Presentation: Your assignment submission should be word
processed with minimum font size 12pt and 1.5 or
double line spacing. You should adopt an appropriate layout and
structure for your assignment submission.
The structure and presentation of your assignment is considered
as part of the marking process so it is
important that you take the time to carefully plan your
assignment and use a logical layout and structure. This
guidance document outlines a suggested structure for your
assignment.
Leading global excellence in procurement and supply
51. your organisation or the external business
environment in which it operates, may mean that it is not
appropriate to place equal emphasis on each
requirement of the assignment title. In such circumstances,
acknowledge this within your assignment
submission to demonstrate to the assessor that you have
considered all the requirements of the assignment
title. Explain to the assessor why you have adopted a particular
approach to demonstrate your ability to
make judgements. Think carefully about the structure, style and
content of your assignment; the key is to
ensure you justify any deviation from the assignment
requirements in order to explain to the assessor why
you have adopted an unusual approach. Failure to do so could
mean you fail to gain marks in the knowledge
and approach section of the assessment criteria.
Remember also that the marking team will not be familiar with
your company, company-specific terminology
or acronyms. Take care to ensure you explain necessary
background information, or the meaning of company-
specific terminology, in order to provide the marking team with
an understanding of the nature of your
organisation and the business environment in which it operates.
53. 8. Assignment – main body
CIPS recommends a short introduction to the assignment to set
the scene. You may wish to take the
opportunity to introduce your company or the business
environment relevant to your assignment, define any
relevant terms, explain the scope of your assignment, the
approach you have taken, any exclusions and
assumptions.
Assignments should have a good balance of relevant
underpinning theory, tools or models and practical
application (use of examples from your organisation, or one
with which you are familiar). You must select
appropriate models to demonstrate knowledge and application.
It is suggested you consult and reflect upon
the programme content for the relevant module(s) in the first
instance and conduct an audit of the theories,
tools and models etc., in order to identify those which may be
appropriate for your assignment.
For any theories, tools or models that you include, your
assignment should contain a brief description and
justification of its selection in relation to your analysis.
You should ensure you include discussion on how it was used
54. and what information was generated from it –
interpret the findings of your analysis. Avoid citing models,
tools etc., without applying them within your
analysis as this will gain no marks. You may wish to use tables
or diagrams to demonstrate your application of
relevant tools or models.
When including information about the theories, tools and
models etc. within your assignment, narrative
should be integrated in to the content of your assignment.
Assignment submissions which simply skip from
one model or tool, for example, to the next, without linking
them in some way or consolidating them in
conclusions, will be unlikely to demonstrate the extent of your
comprehension of the module content and
your ability to apply it to practical business situations.
Providing a sound argument for selection and application of a
particular theory, model, tool or technique –
highlighting why it is appropriate, its strengths and
weaknesses/limitations (as well as your findings) – is likely
to be awarded higher marks.
The positioning of models/tools and techniques will depend on a
number of factors, but ideally you should
aim for a good balance of discussion and visual impact. It is a
55. matter of personal judgement and preference,
but, essentially they should be relevant and visually enhance the
work, enabling the reader to grasp the flow
of your discussion. You should also consider:
task
assignment
an argument
may be better placed in the Appendices
The application and insight section of the assessment criteria is
the most heavily weighted. It is important to
demonstrate your ability to apply relevant tools, theories,
models etc., according to the modules content and
the assignment title. The outcomes of your application will
generate evidence which you must present within
your assignment submission.
Leading global excellence in procurement and supply
CAP_Candidate_Assignment Guidance_V7 July2016 7/16
57. In order to avoid plagiarism, whenever you use someone’s
words directly, or make reference to the ideas or
work of others, you must reference this appropriately using a
recognised referencing system, such as the
Harvard system of referencing or as outlined in the CIPS
Reference Guidance document. The following points
will help you cite sources of information appropriately within
the body of your assignment.
ur assignment to a particular
document, the author (or editor, compiler or
translator) individual or organisation and year of publication are
inserted in brackets:
o e.g. Agriculture still employs half a million people in rural
Britain (Shucksmith, 2000).
year of publication is given:
o e.g. … concept is discussed by Jones (1998)…
published in the same year, these are
distinguished by adding lower case letters (a, b, c) after the
year:
o e.g. (Watson, 1999a)
o e.g. (Lines and Walker, 1997)
58. followed by ‘et al.’:
o e.g. (Morgan et al., 1998)
another party word-for-word; the exact
words must be copied from the source document. When citing
quotations, include the page number of
where the quotation can be found in the source document.
Please note quotations used within your
assignment content are included within the total word count.
o Short quotations may be run into the text, using single
quotation marks.
o e.g. While they recommend that teams ‘...be encouraged to
improve collaboration within an
organisation autonomously’ (Driedonks, et al., 2010, p. 115),
they ...
Longer quotations should be separated from the rest of the text
by means of a new and indented paragraph
and optional size reduction. These do not need quotation marks,
however the author, date and page
reference must be included in brackets at the end of the
indented paragraph of quoted text. You are advised
to use long quotations sparingly as they are included as part of
the word count. Ask yourself whether they
Leading global excellence in procurement and supply
CAP_Candidate_Assignment Guidance_V7 July2016 8/16
60. Hart, K. (1998) The place of the 1898 Cambridge
Anthropological Expedition to the Torres Straits (CAETS) in
the history of British social anthropology. Science as a culture.
[Online] 11 (1). Available: http://human-
nature.com/science-as-culture/hart.html [Accessed 9 November
2003]
Example – referencing journal articles from a web-based full-
text database
Mahoney, R. (2000) Leadership and learning organisations, The
Learning Organization. [Online] 7 (5), 241-244.
Available: http://www.emerald-library.com/brev/11907ec1.htm
[Accessed 23 October 2000]
The source materials you use should be included in a reference
list at the end of your assignment. See the
following sections relating to your reference list and
bibliography.
11. Reference list
A reference list is essential to ensure the works of others is
acknowledged and to avoid the risk of plagiarism
issues. You must use a recognised referencing system, such as
the Harvard system or as outlined in the CIPS
Reference Guidance document, as assessors will need to
identify sources you have accessed during your
research and used within your assignment. See the section
relating to referencing for information on how to
cite sources of information within the body of your assignment.
62. proper nouns; use bold, italics or
underline (be consistent); Include any sub-title, separating it
from the title by a colon
o Edition - only include if not the first edition
o Series - include if relevant.
Modern versions of MS Word have some helpful tools to assist
with referencing and citations. These allow
you to build a list of sources which you can access to cite in the
body of your assignment using the “insert
citation” tool under the references section of the toolbar. It
allows you to insert a list of “works cited” which
will automatically include all sources which you have cited
within your assignment.
12. Bibliography
When researching subject areas, you may read widely, but not
all will be relevant to the assignment you are
working on. However, this work should not go unrecognised and
more importantly, a bibliography records
earlier reading that may be useful later when researching for
future assessments or projects. If you have
documented your reading, this can be located again with ease.
13. Appendices
63. Core material – which is defined as text that the assessor would
need to read in order to understand and
appreciate your work fully – should NOT be placed in
appendices. An appendix is not a “catch-all”, or a
substitute for effective writing and editing of your assignment
to meet the word count. You do not have to
use appendices – indeed; it is considered best practice that
assignments only include appendices in
exceptional circumstances. For example, information that is not
essential to your assignment, but validates
the content of it, provides confirmatory evidence or provides
information or material that the assessor would
not otherwise be able to access, should be placed in an
appendix. Documents that are available in the public
domain should be referenced, in accordance with a recognised
referencing system, rather than including
them as appendices.
Examples of things which could be useful as appendices to an
assignment include:
• Supporting evidence – feedback, testimonials, stakeholder
interview outcomes etc.
• Technical information presented in tables and graphs –
organisational charts, statistics etc.
65. 14. Word Count
The expected word count for your assignment will be
highlighted on your assignment task. Your assignment
can be up to 10% below the stated word count, or up to 10%
higher than the stated word count. If your
assignment exceeds (or falls short of) the stated word count by
more than 10%, you may fail to gain marks
under the structure and presentation section of the assessment
criteria.
The following are excluded from the word count:
ams, graphs etc.
You must state your assignment word count on the assignment
front sheet.
67. publication
You must take care when writing your assignment that the work
you submit is your own. You are permitted
to reproduce short extracts, diagrams, tables and illustrations
from other publications. But, these must be
clearly referenced and the …
Leading global excellence in procurement and supply
1/2
Corporate Award Assignment Feedback
Candidate Number: 005560614
Programme: SABIC Cohort 6 Practitioner AS2
Event ID: 113235892
Module title: Module 3: Developing Contracts in Procurement
and Supply
68. Assessment criteria Distinction Merit Pass Fail
*Candidates are advised to refer to the Assessment Criteria
within the Candidate Assignment Guide in
order to understand the expectations of each section of the
Assessment Criteria.
Strengths and weaknesses of the Assessment:
You have made some major changes to your work. Your report
began with a revised executive summary;
however, this did not provide a summary of the key parts of
your report or a summary of your findings.
Instead it covered issues including total cost of ownership and
partnerships which were not the subject of
the assignment or covered in any depth within your main body.
Your recommendations were also very
generic and not focused on the assignment tasks. See the
Candidate Assignment Guidance document for
more information on the requirements of the executive
summary.
It would also have been useful to include some information
about your organisation in order to provide
some context for your report.
69. In terms of task one you did cover the risks highlighted in the
question and did provide some discussion on
your terms and conditions. However, this was very general and
could have been supported by the inclusion
of extracts from your organisation’s terms and conditions. You
also could have referred to external sources
in this section to support your discussion, as well as to elements
from the syllabus. The lack of any inclusion
of external sources or elements of the syllabus in this section
resulted in it being very descriptive rather
than analytical in approach.
You did provide a discussion on the Battle of the Forms which
did include some reference to external
sources, but you could also have included some reference to
case law. However, whilst you briefly
discussed how your organisation deals with the Battle of the
Forms, this could have been expanded upon
2/2
to include other approaches that could be adopted to avoid the
Battle of the Forms. However, you did
consider the consequences to your organisation of losing the
battle.
Your section on contract management did cover the issue of
inspections during the contract’s duration.
However, you could also have discussed the development and
use of KPIs. This section could have been
70. enhanced had you provided some specific examples of KPIs
used within your organisation’s contracts and
had you included some references to external sources to support
your discussion.
You also provided a very brief conclusion section which did
provide very brief a summary of your main
findings and this could have been expanded. You did include
some recommendations; however, these were
very brief and could have been both better linked to the findings
within the main body and expanded upon.
Also, you could have considered the implementation challenges
of your recommendations.
You could have expanded your research in connection with this
topic and also made more use of your
external research within the main body of your report to support
your discussions. Your reference list
consisted of only two sources.
Areas for Improvement:
Application and Insight
• You should apply more of the content of the syllabus
throughout your report to improve your
analysis.
• Produce an implementation plan showing how your
recommendations could be implemented.
• Include an enhanced conclusions section at the end of the
report as well as developing some of your
recommendations in more detail.
Knowledge and Approach
71. • Provide a more of a discussion covering managing contract
performance.
• Include more of the concepts taught on the syllabus within
your report to support your discussion.
• Cover the development and use of KPIs in the section covering
contract performance.
Research
• Refer to the Candidate Assignment Guidance document that
was issued for advice on referencing
and on structuring your references and bibliography.
• Try to make use of articles drawn from Supply Management
and content from the CIPS website, as
there are useful materials on these on aspects of contracting,
such as the Battle of the Forms, KPIs,
contract terms etc.
• Include more external sources within the main body of your
report to improve and support your
discussion.
Structure and Presentation
• Ensure your executive summary provides an effective
summary of your report - see the Candidate
Assignment Guidance document for advice on this.
• Include expanded conclusions and recommendations sections.
Corporate Award Assignment FeedbackApplication and
InsightKnowledge and ApproachResearchStructure and
Presentation
72. SAUDI BASIC INDUSTRIES CORPORATION- General Terms
and Conditions for the
Purchase of Goods and Services
1/4
Version 1.3 January 2019
Classification: Internal Use
1 GENERAL PROVISIONS
These general terms and conditions for the Purchase of Goods
and/or Services (“GTC”)
shall apply to any Purchase Contract except as otherwise
expressly agreed in such
Purchase Contract. In case of any conflict between the main
body of a Purchase Contract
and the attachments thereto, the provisions of the main body of
a Purchase Contract shall
apply unless otherwise expressly provided. Any general or
special conditions of Supplier are
hereby explicitly and entirely rejected and shall not apply to
any Purchase Contract even if
referred to or printed on any bid, web site, price quotation,
order confirmation, invoice or any
other document or communication of Supplier.
2 DEFINITIONS
73. The following terms shall have the following meaning:
2.1 ”Affiliate” means, in relation to a Party, any individual or
entity that at any time
controls, is controlled by, or is under common control, with
such Party, with “control”
meaning directly or indirectly owning a majority equity interest
in, or otherwise having
the power to direct the business affairs of, the controlled entity,
provided that
SABIC’s Affiliates shall be limited to SABIC and entities now
or hereafter controlled
by it.
2.2 “Delivery Point” means the place agreed in the Purchase
Contract where Goods
are to be delivered or where Services are to be performed.
2.3 “Force Majeure” means any circumstance beyond the
reasonable control of the
affected Party, which materially affects the performance of any
of its obligations
under the relevant Purchase Contract, and could not reasonably
have been foreseen
or provided against, with exception of any changes in economic
conditions, costs
and delivery of raw materials and strikes and other labor
disputes of Supplier’s
personnel which do not qualify as force majeure.
2.4 “Goods” means the goods (if any) as specified in the
74. relevant Purchase Contract,
including any related designs, materials, equipment and
documentation.
2.5 “EHSS Laws” means any and all laws, rules, and regulations
and the terms of any
permit, authorization, license and, to the extent they would be
observed by a prudent
operator, any codes of conduct or any practices related to
environment, health,
safety and security, including on the (a) protection of air,
water, soil, flora, fauna and
man, or (b) generation, transportation, storage, treatment,
disposal or presence of
any natural or artificial substance, including but not limited to
hazardous, polluting,
toxic or dangerous substances, waste, radiation, electricity and
heat; or (c) human
health and safety in or around the workplace.
2.6 “Incoterms” means the International Commercial Terms
2010 as issued by the
International Chamber of Commerce.
2.7 “Intellectual Property Rights” means any intellectual and
industrial property rights
including, but not limited to, patents of any type, design rights,
utility models or other
similar invention rights, copyrights, database rights, mask work
rights, moral rights,
trade secrets, know-how or confidentiality rights, trademarks,
75. trade names and
service marks and any other intangible property rights
(including applications and
registrations for any of the foregoing) in any jurisdiction, and
whether or not
registered or perfected, whenever and however arising.
2.8 “Order Confirmation” means the document or other written
communication issued
by Supplier to Purchaser accepting a Purchase Order.
2.9 “Party” shall mean each of Purchaser and Supplier and
“Parties” shall mean
Purchaser and Supplier.
2.10 "Personal Data" means any information relating to an
identified or identifiable
natural person.
2.11 “Processing Personal Data” means any operation or set of
operations performed
upon Personal Data, whether or not by automated means, such
as collection,
recording, organization, structuring, storage, adaptation or
alteration, retrieval,
consultation, use, disclosure by transmission, dissemination or
otherwise making
available, alignment or combination, restriction, erasure or
destruction. “Process
Personal Data” shall be construed accordingly.
76. 2.12 “Purchase Contract” means any agreement for the purchase
of Goods and/or
Services resulting from a Purchase Order and the corresponding
Order
Confirmation.
2.13 “Purchase Order” means the document, including any
attachments thereto, issued
by Purchaser to order Goods and/or Services from Supplier.
2.14 “Purchaser” means the legal entity specified in the relevant
Purchase Contract as
purchasing Party.
2.15 “Purchaser Personal Data” includes any Personal Data
obtained by Supplier from
Purchaser or Purchaser’s Affiliates, and/or any Personal Data
being Processed by
Supplier on behalf of Purchaser or Purchaser’s Affiliates.
2.16 “Security Breach” includes any event involving an actual,
potential or threatened
compromise of the security, confidentiality or integrity of
Purchaser Personal Data,
including, but not limited to, any unauthorized access or use, or
any broader
circumstances as defined in any applicable laws, rules, and
regulations.
77. 2.17 “Services” means the services (if any) as specified in the
relevant Purchase
Contract.
2.18 “Specifications” means the (technical) specifications, of
the Goods and/or Services
as set out in the relevant Purchase Contract or otherwise
expressly agreed in writing
by Purchaser and Supplier.
2.19 "SABIC" means Saudi Basic Industries Corporation.
2.20 “Supplier” means the legal entity specified in the relevant
Purchase Contract as
supplying Party.
3 ORDERS
3.1 Purchase Orders shall become binding on Purchaser only
upon the written
acceptance of the Purchase Order by Supplier by the issuance of
an Order
Confirmation. Purchaser shall be entitled to make changes to a
Purchase Order prior
to the receipt of an Order Confirmation. Changes by Purchaser
to a Purchase Order
for which an Order Confirmation has already been received,
shall not be binding
unless accepted by Supplier by the issuance of a new Order
Confirmation or upon
78. delivery of the Goods or provision of the Services in accordance
with such changes,
whichever is earlier. In the event that an Order Confirmation
deviates from a
Purchase Order, such deviation shall be binding on Purchaser
only if explicitly
approved in writing by Purchaser.
4 QUALITY
4.1 Supplier shall implement and maintain appropriate quality
control systems and
documented procedures which meet good industry practice and
ISO 9001 and
which ensures that the Goods and Services comply with (a) all
statutory and other
legal requirements; (b) the warranties stated in Article 11; (c)
good industry
practices; and (d) standards and any other requirements
specified in the Purchase
Contract.
4.2 If at any time Supplier becomes aware of any event that
causes, or is likely to
cause, that the Goods and/or Services do not comply with the
quality requirements
set out in the provisions of this Article 4 and the warranties
stated in Article 11,
Supplier shall promptly notify Purchaser in writing after
becoming aware of such
event. Such notification is without prejudice to any rights and
remedies Purchaser
may have against Supplier resulting from such non-compliance.
79. 4.3 Supplier shall timely notify and obtain approval from
Purchaser in writing in advance
of implementing any change that can reasonably be expected to
adversely effect the
Goods delivered and/or Services provided to Purchaser,
including, but not limited to,
any change in: (a) the quality control systems or procedures set
out in this Article 4;
or (b) the manufacturing location, manufacturing process, raw
materials or
proportions of raw materials used in Goods delivered to
Purchaser under any
Purchase Contract.
5 INSPECTION
5.1 Unless otherwise agreed in the Purchase Contract, Supplier
shall, at its own cost,
inspect and test the Goods before delivery to Purchaser in
accordance with its
standard inspection and testing procedures and good industry
practice and
standards. Purchaser shall have the right, but not the obligation,
to inspect or cause
the inspection of the Goods and/or Services at Supplier’s
premises at any time prior
to delivery of such Goods, including during their
manufacturing, processing or
storage, or prior to completion of such Services. Where the
Goods and/or Services
are determined to be compliant with the Purchase Contract, the
Purchaser shall
80. bear the cost of such inspection and where the Goods and/or
Services are
determined not to be compliant with the Purchase Contract, the
Supplier shall bear
the cost of such inspection. Purchaser is under no obligation to
conduct any
inspection or test of the Goods and/or Services upon, or after,
Purchaser’s receipt of
the Goods and/or completion of the Services.
5.2 Purchaser shall have the right to inspect and test at any time
at Supplier’s premises
or any other location, all goods and/or services and all
materials, equipment,
facilities and quality control systems and procedures utilized by
Supplier in
producing Goods or providing Services.
5.3 Inspection or testing pursuant to the provisions of this
Article 5 shall not constitute
acceptance of any Goods or Services by Purchaser and shall not
relieve Supplier of
any of its obligations under any Purchase Contract.
6 PACKAGING AND DOCUMENTATION
6.1 Supplier shall ensure that the Goods are packaged, labelled,
stored and handled:
(a) as safely and carefully as possible; (b) in a manner that
prevents them from
being damaged during loading, transportation and off-loading;
(c) in compliance with
81. all applicable laws, rules and regulations, including those
related to goods
containing any hazardous and chemical substances; and (d) in
accordance with any
packaging instructions and specifications provided by
Purchaser. Upon Purchaser’s
request, Supplier shall remove or take back any containers,
packaging material, and
waste at its own expense and risk.
6.2 Supplier shall, where applicable, provide Purchaser with all
complete, accurate, and
necessary documentation relating to the Goods, including, but
not limited to:
documents, data and instructions regarding the safe handling,
storage, usage and
disposal of the Goods, material safety data sheets, and all
certificates customary for
such type of goods and relevant mode of delivery, such as
certificates of origin,
certificates of analysis and certificates of conformity.
7 DELIVERY
7.1 Unless otherwise agreed in the Purchase Contract, Supplier
shall deliver the Goods
at the Delivery Point in accordance with DDP (Delivery Duty
Paid), as defined in the
Incoterms.
7.2 The Supplier shall carry out the Services at the agreed
location(s) and agreed
82. delivery date(s) according to the Specifications, the warranties
stated in Article 11
and good industry practice. The Services shall be deemed
performed only after
Purchaser has confirmed to Supplier in writing that the Services
provided have been
accepted.
7.3 Time is of the essence for performance of the Purchase
Contract by the Supplier
and the agreed delivery dates for the delivery of Goods and/or
the performance of
Services indicated in the Purchase Contract shall be firm and
binding. If, at any time,
the agreed delivery dates for delivery of Goods or performance
of Services will not
be met, Supplier shall, without delay, give notice to Purchaser
in writing stating both
the reasons for the delay and the estimated delay in delivery
time.
7.4 If Supplier fails to deliver the Goods and/or perform the
Services in accordance with
the agreed delivery date(s) Supplier shall pay or allow to
Purchaser liquidated
damages in an amount equal to two per cent (2%) of the
Purchase Contract price for
each week (or part thereof) that the delivery of Goods and/or
performance of the
Services is delayed beyond the corresponding
delivery/performance dates. The
Parties agree that the delay liquidated damages represent an
agreed genuine pre-
estimate of the losses likely to be suffered by Purchaser as the