Part 1:
Review the following information on ethics:
- Link 1 – https://www.sba.gov/partners/contracting-officials/contract-administration/report-fraud-waste-abuse
- Link 2: https://www.gao.gov/assets/gao-05-436t.pdf
- https://www.ncmahq.org/about/leadership/code-of-ethics
- PMI code of ethics – https://www.pmi.org/about/ethics/resources/articles
Requirements: 250 words. After reviewing, discuss what you learned about ethics and how it impacts contracts and contract management. Also, consider any other recent news that you have heard about in this area as this continues to be a hot current topic with possible abuses such as government officials using private jets or using government planes rather than using commercial airlines.
Part 2:
Consider how drone technology has been changing and impacting acquisition. Discuss how drones are going to change (or not change) the acquisition of goods in the future. Here are some links to some sites that discuss commercial and military drones for consideration:
Link 1: https://www.digitaltrends.com/cool-tech/amazon-prime-air-delivery-drones-history-progress/
Link 2: https://money.cnn.com/2017/06/23/technology/amazon-drone-beehives/index.html
Link 3: https://www.bbc.com/news/world-south-asia-10713898
Link 4: https://www.military.com/equipment/drones
Requirements: 250 words.
Part 3:
Another important law in economics is the “law of marginal returns or the law of increasing costs”. Discuss in terms of your study in this course, how might you know that you are at a point of diminishing returns, or where more study will not benefit you like it did before? Can you identify any of the costs discussed in this lesson in your decision about how much study is enough?
Requirements: 250 words
Part 4:
Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut down?
Requirements 250 words.
