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Appendix 1, Continued - 14238_153
PHYSICAL  INVENTORY—The  process  of identifying, counting, and evaluating all stock on hand  at  a  specific  time. PRICE  MANIPULATION—A  change  in  the price of an item of ship’s store stock by unlawful means  to  one’s  own  advantage. PROCUREMENT—The   act   of   obtaining materials  or  services. PROFIT—The  amount  of  money  remaining after  all  expenses  and  costs  have  been  paid. PURCHASE  ORDER—An  order  for  material that also establishes a one-time contract. An item ordered  from  the  Ship’s  Store  Afloat  Catalog  is procured  via  a  purchase  order. RECEIPT—The  acceptance  of  the  quantity and   quality   of   material   for   accountability purposes. RECEIPT   INSPECTOR—An   officer   or enlisted  person  given  the  authority  to  receive, identify, and inspect incoming ship’s store stock. This authority to do this is given in writing by the ship’s  store  officer. RECORDSKEEPER—A  person  in  charge  of keeping  ship’s  store  records. REFUND—Cash given back to a customer in exchange  for  merchandise  that  was  previously bought  from  a  sales  activity. REQUISITION—An  order  for  material  from a  government  source;  for  example,  other  supply officers,  another  ship’s  store,  or  a  shore  supply support  activity. RESALE   ACTIVITY—A   sales   outlet. RESPONSIBILITY—The    obligation    to exercise  care,  custody,  and  protection  of  ship’s store  money  and  materials. RETAIL ITEM—Any item sold in its original form  in  exchange  for  cash. RETAIL   MARKDOWN—A   voluntary   price reduction in the retail price of an item to a price above  or  equal  to  its  original  cost  price. RETAIL PRICE—The price at which an item other  than  standard  Navy  clothing  and  cost  of operations  items  is  sold  or  issued. RETAIL STORE—A sales outlet where retail items  are  sold. RETAIL   STORE   OPERATOR—The   person in   charge   of   a   retail   store.   For   combined responsibility  operations,  it  also  refers  to  the custodian of a retail store and the bulk storeroom that  provides  supplies  for  that  store. REVALUATION  BY  SURVEY—A  proce- dure for lowering the price of an item by a survey of  money  value  only. SALE—Any  expenditure  of  stock  for  which cash  is  received.  Accountability  y  is  unchanged  by a sale. SALES   OUTLETS—Retail   stores,   vending machines,  amusement  machines,  and  standard Navy  clothing  stores. SEPARATE   RESPONSIBILITY   OPERA- TION—An   operation   in   which   two   or   more persons are responsible for the operation of a sales activity  and  the  bulk  storeroom  that  supplies  that activity. SERVICE  ACTIVITY—A  ship’s  store  facility that renders a service. The barbershop, laundry, and  dry-cleaning  plant  are  service  activities. SERVICE   DESIGNATOR   CODE—A   one- letter code used to designate whether the activity is a Pacific Fleet operating unit, an Atlantic Fleet operating   unit,   or   an   activity   other   than   the Pacific  and  Atlantic  operating  units. SHIP’S  STORE—The  sales  outlets  and  service activities  on  board  a  ship. SHIP’S   STORE   AFLOAT   CATALOG– Catalog containing luxury and semiluxury items. It  is  published  and  maintained  by  NAVRESSO. SHIP’S   STORE   CONTRACT   BULLETIN— Catalog  containing  basic  staple-type  items required  to  support  the  needs  of  the  crew.  It  is published  and  maintained  by  NAVRESSO. AI-4

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