...1 Davis-Bacon Act Elizabeth Wiedemeier Business law Kenneth Lynch (Instructor) Park University Explain what you are going to do. Will you prove a point? Will you be looking at various opposing views and weighing up the merits? Spell out exactly what you will achieve in your term paper right here. * A brief explanation of the problem * Aim of your term paper * What questions will be answered in the term paper * A brief outline of current research * Relevance of the term paper topic * The research process Introduction: Contractors bid on U. S. Federal Construction projects and most contracts for federally assisted constructions exceeding $2,000 required to pay their employees the standard wage and benefit package that workers in the area performing similar work are earning the “prevailing wage”. Prevailing Wage typically means the local union wage. In government contracting, “a prevailing wage is the hourly wage, benefits and overtime, paid to the majority of workers, laborers, and mechanics within a particular area”. The culprit of all of this is the “Davis Bacon-Act” (DBA) The act was amended several times and has been attacking by opponents claiming its racist, unnecessary, expensive and costing taxpayers and the government a lot of money. Republicans have been attacking and trying to repeal the Davis-Bacon Act on the grounds that it is outdated, expensive and bureaucratic. Their latest effort last year was claiming, the repeal will...
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...Running head: PROBLEM SOLUTION: Remington Peckinpaw Davis Inc. Problem Solution: Remington Peckinpaw Davis Inc. University of Phoenix Remington Peckinpaw Davis is an asset management firm that is experiencing technical issues with their online trading services. The company, a trading enterprise was created by Sam Remington, a well-known Wall Street pacesetter. The firm does not have a streamlined information technology (IT) department that has the capability to fix the numerous issues that they are having. The company must determine how to fix the problem before they lose customers or get into very serious trouble with the Securities Exchange Commission (SEC). “Successful implementation requires both technical and social skills. Project managers have to plan and budget projects as well as orchestrate the contributions of other” (Gray & Larson, 2006. p. 15). Issues with the innovative online trading site soon began to surface. The project manager, Harlan Davis is a novice with little management skills. The project cost deemed to be expensive and useless. “Project managers are expected to marshal resources to complete a fixed-life project on time, on budget and within specifications” (Gray & Larson, 2006, p. 7). References Gray, C. & Larson, E. (2006). Project Management: The managerial process. McGraw-Hill, NY University of Phoenix (2011) Remington Peckinpaw Davis Scenario. Apollo Publishing Group. Table 1 Issues and Opportunities Identification ...
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...Remington Peckinpaw Davis Generic Benchmarking Worksheet |Task A: Problem/Opportunity Statement | |Instructions for Task A: In the Response row, write out the problem/opportunity statements for the scenario for each of the team | |members. | |Response to Task A: | |Betty - Remington Peckinpaw Davis will implement advanced technology and strategic performance management tools and techniques to | |manage cost, increase market share and maintain customer loyalty while remaining a leader in the online trading industry. | | | |Generic Benchmarking—The purpose of generic benchmarking is to identify potential solutions to the problem statements defined in Task | |A. You will do this by looking at how companies in other industries have dealt with similar issues. | |Topic A: Data Reliability | |Response to Topic A: ...
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...effective operations of any company’s projects, and give accurate insights on the exploration of the minimal resources available to an organization’s disposal. Besides, it enables any company to manage the work force in the process of timely completion of projects and extension of the businesses longevity. Therefore, it is important to define the roles of each party in any project assigned to the organization. Analysis of the case: designing the authorities of a project manager The Beijing EAP Inc. is a company that provided EAPs to many customers. The nature of its operations required the employees to have strong academic backgrounds that qualified them to operate in this multinational service company. Being the largest market holder in the mainland China, the Company had a huge customer base that categorized it as a big corporation. Amongst some customers of BEC were IBM, Siemens, Samsung, Lenovo, Guadong Mobile and the China Development Bank. Consequently, the Company had many projects that prompted the management to subdivide the projects to different segment managers. In this case study, for instance, Mr. Yang represents a training department manager having a communicational breakdown with Ms. Song, a project manager, based on the confusion of the roles each one was to perform. In some cases, the tension escalated to a point where the employees did not know who to approach concerning the progress of projects. Both being project managers at the BEC, the two senior employees...
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...COST ACCOUNTING FALL 2012 PROJECT The Effect of Cost Structure on Predatory Pricing To win a predatory pricing case, law enforcement officials traditionally have had to prove that a company sold products or services for less than their average variable cost. Companies with relatively high fixed costs and low variable costs are less likely to be accused of predatory pricing than companies with high variable and low fixed costs. A court case in which the U.S. Department of Justice alleged that American Airlines committed predatory pricing against smaller airlines demonstrates this point. The airline industry has relatively high fixed costs and low variable costs, at least in the short run. If one defines a “unit” as a passenger flying an already scheduled flight, the additional cost of a passenger is small—charges for credit cards, a small amount of fuel because of extra weight, a beverage or two, and not much else. If one defines a “unit” as a flight, then more costs are variable—flight crew costs, fuel, and the cost of baggage handling. Even if the unit is a flight, a large portion of the total costs are fixed. American Airlines dropped its fares when smaller airlines scheduled competing flights from the Dallas–Fort Worth airport to Kansas City, Wichita, and other cities, arguing that this was simply business competition in the marketplace. The judge in the case acknowledged that American had been a tough competitor but ruled that American had priced its tickets above their average...
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...Quality Issues with Toyota Motor Vehicles Randy Kenepp 821 Vickie Drive Del City, OK 73115 Phone: 405-473-7998 Email: rkenepp@gmail.com Managing Quality - BSOP 588 Professor: Richard Sheng October 19, 2014 I. Introduction: Toyota Motor Corporation (TMC) is a motor vehicle and production business. TMC is headquartered in Aichi Prefecture, Japan. TMC was founded August 28, 1937 by Kiichira Toyoda. Kiichira Toyoda’s son Akio Toyoda is the current President of the company. The company was originally a division of the Toyoda Automatic Loom Works Company founded by Kiichira’s father, Sakichi Toyoda. World War II halted many of the company’s initial manufacturing, but by 1950, Toyota reopened production facilities. In the 1960s and 1970s, TMC began rapidly exporting automobiles to foreign markets (The Editors of Encyclopædia Britannica, paragraph 4). TMC has continued to grow and has manufacturing plants and distribution channels setup in many countries. As of May 2014, TMC has a 397.05 billion yen, or 3.69 billion dollars, of capital. As of March 31, 2014, TMC has 338,875 employees. TMC has had a long standing reputation for quality. TMC’s quality philosophy is stated on their website, Toyota-Global.com (2005), “In June 1961, TMC decided to adopt the system of Total Quality Control (TQC) to modernize management operations. To realize TQC, all employees in Toyota were required to ‘regard the next processes (on the production line) as their customers and provide them...
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...MMPBL/510 7-25-2011 Remington Peckinpaw Davis Project Management Plan Project Management Research Worksheet Task A: Problem/Opportunity Statement | Instructions for Task A: In the Response row, write out the problem/opportunity statements for the scenario for each of the team members. | Response to Task A: Remington Peckinpaw Davis will become an industry leader and profitable online trader by aligning project management strategies with organizational goals to provide customers with a highly efficient online trading system. Remington Peckinpaw has several different projects going on simultaneously in addition the internet and real estate investments are proving to have increasing profits. The increasing business has also attracted newer tech-savvy competitors with a host of new tools that has driven RPM management into confusion on how to manage projects to help compete against the new competition. | | Generic Benchmarking—The purpose of generic benchmarking is to identify potential solutions to the problem statements defined in Task A. You will do this by looking at how companies in other industries have dealt with similar issues. | Topic A: Data Reliability | General Electric is a company that operates in many facets. “GE is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs...
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...improvement, three tools that will be used to measure improvement, the information each tools will collect, will discuss the strengths and weakness of each tools and the similarities and difference for the tools been used. We will discuss what Davis Health Care goals are with patient safety. For proper monitoring there will be data that are needed from the Davis Organizations such as past patient safety reports from the past few years, organizations rating on patient safety from patient, The Joint Commission and other important organizations. The last piece of data that would need to be collected is where does Davis Health Care wants to go from here, so that can help the goal setting. Monitoring the improvement allows the Davis organizations to be aware of their starting point and future goals. Monitoring improvement will include setting goals such as clear and specific goals ( Kelly, 2012). Clear goals allows is the most effective progress, and it’s very clear. This goal allows the most effective solution to the improvement the Davis Health care organizations would like to see. Since we are focusing on patient safety this goal allows us the time and effort with can make with the team while meeting and monitoring each department. Davis Health Care will require up close and personalized monitoring because the improvement affects stakeholder, employees and managers. Specific goals having the organizations realized they are now at...
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...Problem Solution: Remington Peckinpaw Davis Inc. Remington Peckinpaw Davis saw success through the early 1990s by targeting America's higher income level. The global surge of the mid-1990s brought new rules, new dynamics, and new success drivers for Remington Peckinpaw Davis. Computers, knowledge, and networks contributed to the world changing from an industrial age to that of a new economy. The global economy changed the face of investments as more and more people were able to invest in new ways. Remington Peckinpaw Davis currently has a project management plan that includes a number of new projects but they do not have a plan for implementation of these projects, there are also senior staff members who cannot to agree on a course of action, which is currently delaying the project process. Issue and Opportunity Identification Sam Remington who has been credited with influencing the stock market we have today is not very technologically inclined, but recognized that to stay at the top he needed to update his products and services. Remington Peckinpaw Davis created an online division for investors who use computers to trade stock and mutual funds. The online division, eRPD, has had numerous technology problems costing the firm in excess of $1.7 million dollars and numerous unhappy customers, “A review of customer bulletin boards reveals consistent complaints about eRPD’s lengthy lag times in opening accounts, sporadic and inaccurate confirmations of trades, and errors...
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...THE APPLICATION OF CHANGE MANAGEMENT THEORY TO HR PORTAL IMPLEMENTATION IN SUBSIDIARIES OF MULTINATIONAL CORPORATIONS Cataldo Dino Ruta HR portals are complex information technology (IT) applications that can be accessed by all employees of a given organization. By placing more applications and information online, HR portals reduce the reliance employees have on HR personnel. Given this relational change, from human to computer, the HR portal implementation process must take into account the challenges of both change management and technology acceptance. By integrating change management theories with IT user acceptance models, this article adds to HR’s collective knowledge of ways to effectively implement HR portals. In addition, this article describes the cross-national challenges that exist when a global firm attempts to implement an HR portal around the world. Thus, this article will present a model that (1) integrates change management theories and IT user acceptance models and (2) illustrates the ways in which change management plans may need to be adapted to be effective in various subsidiaries. A case study of Hewlett-Packard’s (HP’s) worldwide implementation of their @HP Employee Portal in the Italian subsidiary of HP illustrates the key issues of these theories. © 2005 Wiley Periodicals, Inc. Introduction Human Resources Portal Applications In recent years, the World Wide Web has revolutionized the way individuals in organizations access information. In addition...
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...interest payments on debt, dividend payments on preferred stock are not tax deductible. The cost of new common equity, re, is the cost to the firm of equity obtained by selling new common stock. It is, essentially, the cost of retained earnings adjusted for flotation costs. Flotation costs are the costs that the firm incurs when it issues new securities. The amount actually available to the firm for capital investment from the sale of new securities is the sales price of the securities less flotation costs. Note that flotation costs consist of (1) direct expenses such as printing costs and brokerage commissions, (2) any price reduction due to increasing the supply of stock, and (3) any drop in price due to informational asymmetries. c. The target capital structure is the relative amount of debt, preferred stock, and common equity that the firm desires. The WACC should be based...
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...Problem Solution: Remington Peckinpaw Davis Inc. Remington Peckinpaw Davis began more than 35 years ago as a trading firm. RPD has since been a Wall Street force to be reckoned with. The company was founded by legendary Wall Street buccaneer Sam Remington, who was instrumental in shaping the stock market as it exists today. RPD was successful by targeting the 2% of American families who hold 80% of the country’s assets. This strategy that served the company well through the early 1990s was not faring so well by the mid-1990s. A new layer of wealth was created which in turn created new target audience for RPD and for their competitors. In 2005, RPD developed their first attempt at an online trading site called eRPD. The site has had major issues and a multitude of customer complaints. The following paragraphs, and accompanying tables, will review the problem RPD is facing and offer a potential solution for its executive leadership team. Describe the Situation Issue and Opportunity Identification RPD started over 35 years ago. It has since focused on America’s richest families however, the progress of the internet and the recent real estate booms, there has been a lot of change and RPD must also change if it wishes to remain successful. RPD has hired many ambitious employees who, with their knowledge and understanding, can help RPD move forward in its next challenge: eRPD. RPD wants to take this new idea for eRPD and create an internet site that will allow their customers...
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...THE APPLICATION OF CHANGE MANAGEMENT THEORY TO HR PORTAL IMPLEMENTATION IN SUBSIDIARIES OF MULTINATIONAL CORPORATIONS Cataldo Dino Ruta HR portals are complex information technology (IT) applications that can be accessed by all employees of a given organization. By placing more applications and information online, HR portals reduce the reliance employees have on HR personnel. Given this relational change, from human to computer, the HR portal implementation process must take into account the challenges of both change management and technology acceptance. By integrating change management theories with IT user acceptance models, this article adds to HR’s collective knowledge of ways to effectively implement HR portals. In addition, this article describes the cross-national challenges that exist when a global firm attempts to implement an HR portal around the world. Thus, this article will present a model that (1) integrates change management theories and IT user acceptance models and (2) illustrates the ways in which change management plans may need to be adapted to be effective in various subsidiaries. A case study of Hewlett-Packard’s (HP’s) worldwide implementation of their @HP Employee Portal in the Italian subsidiary of HP illustrates the key issues of these theories. © 2005 Wiley Periodicals, Inc. Introduction Human Resources Portal Applications In recent years, the World Wide Web has revolutionized the way individuals in organizations access information. In addition...
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...Maurice S. Butler Math533—Applied Managerial Statistics Course Project: Part A Introduction This project is based upon statistical data compiled concerning AJ Davis Department Stores, specific to a sample of its customer base. It is with intent of establishing relationship between location, gross income, and credit balances carried by customers that the following statistical analysis has been performed. It is assumed that information obtained as well as the interpretation of statistical analysis will enable credible recommendations in regard to future revenues or continued handling and/or maintenance of its receivables. Variables The first variable is the gross income of the stores’ customers. The data set includes 50 customers with gross income ranging from $20,000 to $79,000 per year. Compilation of the data into a frequency/relative frequency table (see below) reveals that the greatest frequency and relative frequency of the store’s customers is found within the $30,000 to $49,000 range. Fifty-two percent of the store’s customer base gross income is found within this range. First and third quartiles have been calculated to be 33 and 57 respectfully. However, no outliers have been identified within the data set. Income ($1000) | Frequency | Relative Frequency | 20-29 | 5 | 10% | 30-39 | 13 | 26% | 40-49 | 13 | 26% | 50-59 | 8 | 16% | 60-69 | 9 | 18% | 70-79 | 2 | 4% | | 50 | 100% | My second variable is the outstanding credit balances of...
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...Sarah R Klemm GM533 Course Project Part A 7/21/13 Introduction: This report includes a comparision of 50 AJ DAVIS department store credit card customers. The report takes 5 individual variables, location, income ($1000), size, years (the number of years a customer lived in a certain location) and credit balance (the customer’s current credit card balance on the store’s credit card, in dollars) and compares them both graphically and numerically. A. The first variable discussed in location of the customers. The chart below is a bar graph seperating the 50 credit card customers into rural, suburban and urban locations. The bar graph shows that most of the credit card customers are located in urban areas and the least amount of credit card customers are located in rural areas. B. The second variable discussed in the income of the household in thousands based on the histogram and box plot below. The histogram shows the frequency in which credit card customers with household incomes between $20,000 and $65,000 have credit cards. The boxplot shows where the highs and lows of those income categories fall. C. The third variable graphed is the years the credit card customer has lived in their current location. Based on the histogram below most credit card customers have lived in their current location around 15 years. The histogram shows the tallest frequency above the 15 year mark. Whereas the dotplot shows that the highest number of years is at 14 and...
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