Premium Essay

Office

In:

Submitted By kelz2002
Words 875
Pages 4
Monetary Policy Report to the Congress Presented on July, 21 2011
Southwest Technical College

The purpose of this paper is to examine the current state of the economy including GDP, inflation, unemployment. I will also discuss the last time the FED increase and decrease the federal funds interest rate and discount rate. I will also discuss how the consequences interest rates affects inflation and unemployment. I will also talk about how the implications to reduce unemployment at the risk of increasing inflation affect which segment of society’s work force. Then I will also discuss the implications to reduce inflation at the expense of increasing unemployment. Finally, I will forecast if the FOMC will increase, decrease or leave the federal funds and discounts alone. The FOMC has many difficult decisions to make because fiscal policy is such an important aspect of our economy, a thorough understanding of these policies is one of the best ways to gauge the possibilities for the economic future of our nation.
The current state of the economy in the United States is overall doing better while local economies vary. The GDP increased at an annual rate of 0.4 percent in the fourth quarter of 2012. Military spending has been cutback, which contributed .1%, while business and consumer spending increased the GDP by a .4%. Inflation has improved since 2011 when the inflation percentage was at 3%.Inflation has stayed steady with 1.5% currently in 2013 and 1.7% in 2012. Unemployment is at 7.6% in 2013 and it has slowly improved since 2012.
An increase in the federal funds interest rate will curb economic growth and help contain inflation pressures, and thus can promote the sustainability of an economic expansion, but too large an increase could hold back economic growth. Decreasing the federal funds interest rate stimulates economic growth, but

Similar Documents

Free Essay

Office of the Future

...other aspects of office of the future? Some of the benefits, features, and other aspects of a virtual office that I want to take a look at are: the definition of a virtual office, technology and it’s role, people’s view of the future office, Microsoft’s view, an effective workspace, the flexibility of a virtual office, and what you might find/see in your office of the future. “A virtual office is a combination of off-site live communication and address services that allow users to reduce traditional office costs while maintaining business professionalism.[1] Frequently the term is confused with “office business centers” or “executive suites” which demand a conventional lease whereas a true virtual office does not require that expense” (http://en.wikipedia.org/wiki/Virtual_office). Virtual office is the new office of the future. Although a virtual office has been around for a while, it has not been used by everyone because when the concept was adopted, there was not much technology developed yet to support it. Now, with the increasing amount of technology for home use, now companies can move more jobs to this form of an office. The most common careers using virtual office is customer service representative’s jobs. A plan is put into place when designing what an office should look like in the future. When a company designs a model for a project; there is also a model designed for future offices. Corporate America has designers to create an office. What I love is...

Words: 4873 - Pages: 20

Free Essay

Virual Office

...Assignment 1 Virtual office is a business location that exists only in cyberspace. A virtual office setup allows business owners and employees to work from any location by using technology such as laptop computers, cell phones and internet access. A virtual office can provide significant savings and flexibility compared to renting a traditional office space. Meetings can be conducted via teleconferencing and video conferencing, and documents can be transmitted electronically. Some companies even provide virtual office services to give virtual offices the prestige associated with physical offices, such as an important-sounding address, a professional phone-answering service and even occasional rental of office space and conference rooms. If the business has employees, each employee can work from the location that is most convenient for him or her, and the business is not restricted to hiring employees that live locally. The virtual office arrangement thus expands job options for employees and hiring options for businesses. To illustrate, if you work from your home utilizing a computer, modem, fax machine, email or other electronic means to perform your job and communicate with your place of employment, you work in a virtual office. In other words, you're telecommuting. Even though a virtual employee may use a company email address, mailing address and phone extension, he still works from an outside location. The virtual office worker doesn't necessarily need to be an employee...

Words: 822 - Pages: 4

Premium Essay

Office

...Office Depot is one of top company’s that provides office products and services worldwide. Office Depot’s mission statement states “Our mission at Office Depot is to be a global, leading innovator as a supplier of office products and services for consumers and businesses of all sizes while creating a positive impact on the environment. We continually strive to deliver our customer’s favorably priced product, beneficial services, and the latest digital imaging and printing technology. We will earn the trust of our shareholders by being open, honest, and faithful in all that we do. We will also be responsible for achieving and sustaining unprecedented results that create value to our customers, employees, and stakeholders through personal commitment, sensible thrift, collaboration, and shared leadership.” The nine essential components of a mission statement stated by (David, Fred R. 51-52) says: 1) Customers- Who are the firm’s customers, 2) Product or services- What are the firm’s major products or services, 3) Markets- Geographically, where does the firm compete, 4) Technology- Is the firm technologically current, 5) Concern for survival, growth, and profitability- Is the firm committed to growth and financial soundness, 6) Philosophy- What are the basic beliefs, values, aspirations, and ethical priorities of the firm, 7) Self-concept- What is the firm’s distinctive competence or major competitive advantage, 8) Concern for public image- Is the firm responsive to social, community...

Words: 852 - Pages: 4

Free Essay

Open Plan Offices

...Open Plan Offices Business: Juice Online Product: Various juices which are sold online. The business receives a percentage of profit from all the ‘juicers’ in various locations in exchange for marketing, recipes and licencing requirements. All exchanges between both Juice Online and juicers and between juicers and the customer are online. Assessment Item 1 BSB115 - Management The article ‘Are open plan offices insane?’ (Featherstone, 2015) raises some key issues surrounding open plan offices. This report explores whether those issues are founded and whether they are relevant to Juice Online. The report will then give a summary of the likely impact of incorporating the open plan style of office to the main office of Juice Online. Open plan offices are those which have all or most employees working in a large single room. Some incorporate low partitions to offer a degree of privacy to individual workers while others are completely open. The idea is to increase communication and collaboration between workers (ref. Pros and cons of open plan and office-based workplaces) which leads to an increase in productivity. The article (Featherstone, 2015) argues that these benefits are offset by three major issues. These issues can be labelled as background noise, privacy and varying requirements. A recent paper (Roelofsen, 2008) used mathematical models to examine performance losses while working in open plan offices due to background noise...

Words: 626 - Pages: 3

Premium Essay

Use of Office Equipment

...Unit 221 Use of office Equipment 1.1 In the office I work in there are different types of equipment we use and they are all vital for the day to run smoothly or for any work to be done. We use computers and these are the main part as they have all the information we need, for example the clients details, emails, documentation ect. We also use the telephones to make calls and receive them. The printer is very useful to us as we can print, scan, fax and copy. There is a lot of other equipment we use in the day to day work like the staplers, pens, paper files and these are just things we use without thinking about it. 1.2/1.3 All the office equipment we use has all different features and different reasons as to why we use it. The reason we use the telephones is to make calls and we use this because we can’t use the computers to make the calls and this is in the same way as us not being able to use the telephones to send an email. 2.1/2.2 The purpose of following manufacturer’s instructions is to enable you to use the equipment correctly without harm to yourself or braking the item. It also ideal because you will then know how to use the item step by step. This is the same as the organisation instructions because you need to go by the organisations rules. You need to do this because it’s how they want you to perform and by doing this it enables you to keep the job and earn respect. 2.3/2.4 Each type of equipment has its own health and safety risks so...

Words: 838 - Pages: 4

Premium Essay

Microsoft Office Is an Office Suite

...Microsoft Office is an office suite of interrelated desktop applications, servers and services for the Microsoft Windows and Macintosh OS X operating systems, introduced by Microsoft in 1989. Initially a marketing term for a bundled set of applications, the first version of Office contained Microsoft Word, Microsoft Excel and Microsoft PowerPoint. MICROSOFT WORD Microsoft Word is a word processor and was previously considered to be the main program in Office. Its proprietary DOC format is considered a de facto standard, although Word 2007 can also use a new XML-based, Microsoft Office-optimized format called .DOCX which has been standardized by Ecma International as Office Open XML. The first version of Word, released in the autumn of 1983, was for the MSDOS operating system and had the distinction of introducing the mouse to a broad population. Word 1.0 could be purchased with a bundled mouse, though none was required. Word has a built-in spell checker, thesaurus, dictionary, Office Assistant (a feature to assist users by way of an interactive animated character) and utilities for transferring, copy, pasting and editing text, such as PureText (a small utility that allows users to paste the contents of the software as plain text). "Normal.dot" is the master template from which all Word documents are created. It is one of the most important files in Microsoft Word. It determines the margin defaults as well as the layout of the text and font defaults. Although normal.dot is...

Words: 1021 - Pages: 5

Free Essay

Home Office

...Abstract A day at the office no longer means long commutes, dressing in a suit and tie or a dress, and performing work according to a 9 to 5 schedule with the boss looking over your shoulder. With the Industrial Revolution came change in how and where people work. The changes were seen subtly at first; people slowly moved to the cities to find work in factories, but then the changes started becoming more noticeable. People flocked to the cities because that is where a person could find work. The days of the small farmer who grew food for his own family were gone. Big corporations moved in and people were hired in by the hundreds, usually to perform meaningless, dreary, work. Modern society is seeing a new kind of Industrial Revolution where people are no longer stuck in semi-enclosed cubicles or monotonous, robotic-like work. Society is experiencing a different work era where people do not have to drive miles from home on stress- filled highways, only to arrive at work to put in 8 or 9 hour days performing unfulfilling tasks. A job today can mean waking up to fresh coffee, logging onto the computer, stopping in the middle of something to help their child with lunch, and returning to work right in their own homes. A job today can mean flexibility, freedom, creativity, and increased production. Introduction Working from home is not a new concept. People used to conduct their work from home because their property and home was their work. Farmers farmed their land, and the women...

Words: 3331 - Pages: 14

Free Essay

Office Depot

...Office Depot Student’s Name University’s Name Date Office Depot Mission and Vision Part 1: Office Depot Mission There is no clear mission statement as they have intertwined their mission statement with its corporate values. This gives the Office Depot employees a larger picture of their vision and specific guidelines regarding how Office Depot business is conducted. According to the website of Office Depot, the Office Depot mission statement includes its corporate values of respect for the individual, excellence in communication and fanatical customer service (Making Fortune, n.d.). Office Depot Vision Statement “Delivering Winning Solutions That Inspire Worklife” (Making Fortune, n.d.). Challenges for Revitalization In the last decade where the office supplies business has been affected by recession and competition from the online retailers. During this period, the organization has seen their share price fall to $1 and continuous decrease in the size of their market share. Due to the continuously decreasing size of the retail market, Office Depot merged with Office Max in 2013 and finally in 2015, Office Depot has merged with the market leader Staples. The biggest challenge of this period of industry wide transformation has been Office Depot merging with its competitors to ensure survival. In 2013, the merger between Office Depot and their rival OfficeMax formed a $17 billion market share with above 2,200 stores. This has helped in forming a bigger No. 2...

Words: 2465 - Pages: 10

Premium Essay

Microsoft Office

...Microsoft Office Microsoft Office is an office suite of desktop applications, servers and services for Microsoft Windows and OS X operating systems. It was first announced by Bill Gates of Microsoft on 1 August 1988 at COMDEX in Las Vegas. Initially a marketing term for a bundled set of applications, the first version of Office contained Microsoft Word, Microsoft Excel and Microsoft PowerPoint. Over the years, Office applications have grown substantially closer with shared features such as a common spell checker, OLE data integration and Visual Basic for Applications scripting language. Microsoft also positions Office as a development platform for line-of-business software under the Office Business Applications brand. On 10 July 2012, Softpedia reported that Office is used by over a billion people worldwide. The current versions are Office 2013 for Windows, released on 11 October 2012; and Office 2011 for OS X, released 26 October 2010. On 24 October 2012, the RTM final code of Office 2013 Professional Plus was released to TechNet and MSDN subscribers for download. On 15 November 2012, the 60-day trial version of Office 2013 Professional Plus was released for download. A touch optimised version of Microsoft Office is available pre-installed on Windows RT tablets. A mobile version of Office,Office Mobile, is available for free on Windows Phone, iOS (with separate versions for both iPhones and iPads), and Android. A web-based version of Office called Office Online, (formerly...

Words: 1292 - Pages: 6

Premium Essay

Office Technologies

...OFFICE TECHNOLOGIES REPORT 1 TERMS OF REFERENCE The company has not updated its software of hardware or software in 7 years. The company is expanding and desperately needs updating. As the company s getting bigger, problems have raised within the organisation. The company will struggle if it keeps the current software/hardware and continues to expand. In this report I will discuss issues regarding software and hardware and I will give my recommendations. This Report will be submitted on 24 October 2011 2 PROCEDURE 2.1 The project was discussed and explained by Linda White on 3 October 2011. 2.2 A deadline date was agreed for 24 October 2011. 2.3 I looked up lots of hardware and software on the internet and in catalogues. 2.4 Computer hardware and software were analysed and compared before choosing a suitable update for the currents equipment. 3 FINDINGS 3.1 Floppy disks were used to save spreadsheets. Floppy disks are not big enough to save spreadsheets and are not commonly used anymore; most laptops/computers don’t have them built in anymore although you can buy an external one. The company would need many floppy disks to save spreadsheets and they would take up a lot of space. Floppy disks are easily broken by dust or dirt. 3.2 Many files/records were duplicated because the older software did not support filter or sort. This could waste a lot of time and use up valuable space. Allowing duplicates allows more space for...

Words: 1481 - Pages: 6

Premium Essay

Office Superstore

...1) How would you classify the office superstore industry? Who are the competitors? What are the characteristics of this industry that lead to this conclusion? Today’s office superstore industry in the United States provides a convenient one-stop shopping experience for small businesses and individuals with home offices. The main competitors in the industry are Office Depot, Staples, and Office Max. All of them offer a variety of office supplies, as well as computers, office furniture and other business related items. Office Depot is the largest office superstore chain in the United States. Office Depot is first in total number of stores, first in average sales per store, first in average weekly store sales, first in total delivery sales and first in net earnings. Most importantly, Office Depot is the lowest price competitor among office superstore chains. Staples is the second-largest office superstore chain in the United States; and the third major player in the office superstore industry is OfficeMax. The intense competitive rivalry between Staples and Office Depot turned to be quite beneficial for consumers. Both competitors had to reduce prices, introduce innovative approaches to marketing, distribution and store layout and expand into new areas of the country, bringing increasing numbers of consumers the convenience of one-stop shopping at low prices. Office Depot has been the most aggressive and lowest-price competitor, in turn forcing Staples and OfficeMax to compete...

Words: 1654 - Pages: 7

Free Essay

Office Space

...Office Space The story of this movie takes place in a corporation office called Initech. The movie is about a man named Peter Gibbons, a man with a white-collar job as a programmer who is apathetic and frustrated with his daily life. In the first part of the film, it shows what he does in his office and how his superiors boss him around as he loathes them. Although he is not the only one mistreated by the management, everyone else in the office is. Peter’s girlfriend Anne convinced him to attend a hypnotherapy situation, in which the therapist helped Peter feel more relaxed about his life. The next day he did practically did not care about anything anymore, he did not go to work, he ignored the calls of his boss and girlfriend, disregards office protocol, etc. However, the consultants, the 2 people who are assigned to lay off employees due to problems in the workplace, were impressed with his insights about the office’s problems so he gets promoted while his friends get laid off. Later on, he and his friends plotted to steal from the Initech by transmitting a virus, getting a fraction of a penny everyday so that in the future they will get a substantial amount of money without any work. Unfortunately his friend made a mistake so they got over $300,000 instantly. Feeling guilt and remorse, Peter writes a confession and a check and submits it to his boss’ office and decided to get ready for jail. The following day, the employee who is fed up with the company set Initech on fire...

Words: 468 - Pages: 2

Premium Essay

Office 365

...User Requirements for SharePointGuide Dogs Victoria | Team: | | Date: | | Names: | | USER OBJECTIVES | This area concentrates on gathering the aspirations, strategy, and key deliverables that the site will deliver to the business. It is the starting point and key component to realizing the current state of the business unit concerning how it delivers to the organization, and its premise in SharePoint. | 1. What are the Goals for the Site? | List the aims of the Site Collection. The user will always want to share data with their team and broadcast information to consumers. You need to know what those business goals are so they can be broadcasted. Additionally, this information is useful to Taxonomy (essentially the categorization of information using Tagging, – see the section Taxonomy later in this chapter) since you may wish to tag the information so that individuals can find the site using keywords defined using SharePoint Metadata features. | | | 2. What are the Deadlines? | When do they need SharePoint? Do they have any content that would work better in SharePoint, and if so, when do they need that to happen? You will need to collate this information so that you can list the priority in the development of certain sites. Some users will indicate they need their sites immediately, when in fact the goals of the site do not marry up with their business importance. This information is useful to the client so they can help you manage relevant schedules...

Words: 3534 - Pages: 15

Premium Essay

Office Proposal

...MS Office Class Proposal   Table of Contents Summary 3 Description 3 Course Objectives 3 Course Curriculum 3 Course Standards 3 Course Outline 4 Equipment Needed 5 Financial 5 Assumptions 5 Documentation 6   Summary This proposal is written to communicate the objectives, curriculum, standards and potential revenue in regards to an MS Office class. Description This class will be held 2 days a week for a semester in length. The location and times will be determined as the class is developed. The class will be designed for 12 (twelve) students, but will adaptable due to space. It will be taught in various formats, but not limited to lecture, textbook, and hands-on training. Student will also earn up to 2 (two) High School technology credits. The course will be offered in three sections. The sections must build upon each other. Course Objectives The objective of this course is to provide the background for the students to become knowledgeable in the components of Microsoft Office. It will also provide them with the knowledge and expertise to fulfill many roles in today’s society, be preparing them in the field of office systems. Course Curriculum Textbook - Microsoft Office 2007: Introductory Concepts and Techniques, Windows Vista Edition, 1st Edition ISBN-10: 1423927133 Course Standards This course will be taught to Sunshine State Standards (See Documentation).   Course Outline Essential Introduction to Computers Microsoft Windows Vista 1. Introduction...

Words: 3876 - Pages: 16

Premium Essay

Staples and Office Depot

...Founded in 1985, Staples Inc. is the largest office supply store in the world, with over 2000 stores in 22 countries. It provides supplies, office machines, promotional products, and furniture, technology and business services both in stores and online in the retail industry. Targeting the two main types of customer, Staples Inc. uses B2C strategy for personal consumers and B2B strategy for organizational consumers. Within the office supply market, the three main competitors of Staples include Office Max, Lyreco, and Office Depot. Office Depot (ODP) is a merchandise and services company founded in March 1986. It generates revenues of over US $11.6 billion in fiscal year 2010 and has over 40,000 employees worldwide. It supplies business machines, computers and computer software, and office furniture. Office Depot also delivers business services encompassing of copying, printing, shipping, and computer setup and repair. Juxtaposed against Staples Inc., ODP is in a specialty retail industry targeting only one core category of customers―small business owners. We will start by comparing Staples Inc. and Office Depot Inc. in terms of their profitability and asset utilization using gross profit margin and total asset turnover. Staples had a gross profit margin of 0.267 in 2009 and a margin of 0.269 in 2010 whereas Office Depot had a margin of 0.280 and 0.291 in 2009 and 2010 respectively. Office Depot’s larger margin suggests Office Depot’s average margin between its selling price...

Words: 1253 - Pages: 6