A & E

ABA

SEE AMERICAN BAR ASSOCIATION

ABA MODEL PROCUREMENT CODE FOR STATE AND LOCAL GOVERNMENT

Developed by the American Bar Association (ABA) and adopted in 1979, it is a collection of statutory principles and policies that proides guidance to public policy managers who wish to responsibly manage public procurement.  It was codified into procurement law and policy to guide procurement organizations.  Updated in 2000 to add Eledctronics etc.  (see model procurement code)

ABA MODEL PROCUREMENT ORDINANCE FOR LOCAL GOVERNEMENTS

A code similar to the ABA Model Procurement Code, but intended for use by small local jurisdictions.

Aboriginal Businesses Canada a division of Industry Canada

Categorizing inventory that is applicable to any size business, regardless of industry. (e.g. governement, manufacturing, services etc.) ABC classification allows for a reveiw of the inventory based on the business' approach to the management or review of its inventory.  For some agencies, The ABC of catoegories is based on the dollar value of the items. "A" in this application would be the top 10% of the inventory items and would account for 70% of the annual inentory dollar volume.  "B" would be the next 20% and would account for approximately 20% of the annual dollars in the inventory and "C" the remaining 70% of the annual inventory items with 10% of the overall monetary value of the annual inventory.

ABSOLUTE ADVANTAGE

The ability of a country to produce a specific good with fewer resources per unit of output than other countries.  The ability to produce somehting with fewer resources than other producers would use to produce the same thing.  A monopoly that exisit when a country is the only source of  an item, the only producer of an item, or the most efficient producer of an item (see comparative advantage) 

SEE ADVANCED CONTRACT AWARD NOTICE

The ratio between investment  expenditures and the change in gross domestics products.  This is based on the notion that business investment depends on the rate of growth of aggregate output. if the economy is expanding, the business sector invests in more capital goods to produce the extra output needed. 

1. TO RECEIVE AS APPROVED, ADEQUATE OR     SATISFACTORY

2. TO RECEIVE WILLINGLY WITH THE INTENT OF RETAINING

ACCEPTABLE PRODUCTS LIST (APL)

A preapproved list of commodities/products, usually grouped by manufacturer, which have proven to be in conformance with developed specifications and standards. List may result from performance testing of the product or as a result of field testing or laboratory analysis.  See Qualified Products List (QPL) and Approved Brands List (ABL)

The Specified minimum performance that must be achieved by a product or service to assure the buyer that the goods or services will perform as per the specifications or stipulations contained within the statement of work.  The Maximum allowable number of defects or defective units.  A predetermined quality level which has been deemed as being acceptable; generally used in the manufacturing of material items. Example; AQL of 1 % defective rate is acceptable for this item.  Also see Acceptance Sampling.