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RATIO Denotes relationships of items within and between financial statements, e.g., current ratio, quick ratio, inventory turnover ratio and debt/net worth ratios. RECEIVABLE CONVERSION PERIOD – RCP Time between the sale of the final product on credit and cash receipts for the accounts payable. RECIPROCITY – SBA/DOT Certification Reciprocity for Disadvantaged Businesses The U.S. Small […]

Office of the National Ombudsman P.L. 104-121 March 29, 1996 TITLE II–SMALL BUSINESS REGULATORY FAIRNESS SEC. 201. SHORT TITLE. This title may be cited as the “Small Business Regulatory Enforcement Fairness Act of 1996”. SEC. 202. FINDINGS. Congress finds that– (1) a vibrant and growing small business sector is critical to creating jobs in a […]

This compilation includes PL 108‑447, approved 12/8/04. SMALL BUSINESS ACT (Public Law 85‑536, as amended) § 1. This Act may be cited as the “Small Business Act”. § 2. (a) The essence of the American economic system of private enterprise is free competition. Only through full and free competition can free markets, free entry into […]

DEPARTMENT OF DEFENSE Procurement Technical Assistance Centers (PTACs) The Defense Logistics Agency, on behalf of the Secretary of Defense, administers the DoD Procurement Technical Assistance Program (PTAP). PTA Centers are a local resource available at no or nominal cost that can provide assistance to business firms in marketing products and services to the Federal, state […]

The U.S. Small Business Administration’s (SBA) Procurement Center Representatives (PCRs) located in area offices, review and evaluate the small business programs of federal agencies and assist small businesses in obtaining federal contracts and subcontracts. Explanation of Acronyms: TPCR – Traditional Procurement Center Representative – TPCRs increase the small business share of Federal procurement awards by […]

PARTNERING A mutually beneficial business-to-business relationship based on trust and commitment and that enhances the capabilities of both parties. PARTNERSHIP A legal relationship existing between two or more persons contractually associated as joint principals in a business. PATENT A patent secures to an inventor the exclusive right to make, use and sell an invention for […]