Examlex
“Subject to the provisions of subsection (b) , an employee may take an active part in political management or in political campaigns, except an employee may not—
(1) use his official authority or influence for the purpose of interfering with or affecting the result of an election;
(2) knowingly solicit, accept, or receive a political contribution from any person…
(3) run for the nomination or as a candidate for election to a partisan political office; or
(4) knowingly solicit or discourage the participation in any political activity of any person who—
(A) has an application for any compensation, grant, contract, ruling, license, permit, or certificate pending before the employing office of such employee; or
(B) is the subject of or a participant in an ongoing audit, investigation, or enforcement action being carried out by the employing office of such employee..”
--Hatch Act, amended 1993
-What is a goal common to both the Pendleton Act and the Hatch Act?
Target Costing
A pricing strategy in which the selling price is set first, and then the production cost is reduced to meet the profit margin.
Cost Savings
The reduction in costs achieved through efficient management, production processes, or other savings strategies.
Product Design
The process of ideating, creating, and iterating products that solve users' problems or address specific needs in a given market.
Target Percentage Margin
A financial metric that estimates the desired profit margin a company aims for in setting prices for its products or services.
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