Role of the public & private sector of tourism development * Public sector has an influence in tourism business. It is essential to outline the main policy instruments used by governments in order to manage tourism. * Public bodies influence tourism sector either directly‚ through organization with responsibility for tourism‚ which include: establishment of infrastructure‚ information services and creation of tourist attractions and facilities. Or‚ indirectly‚ through foreign policies
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CT310: Principles of working in the public sector (optional) Organisational structures The organisation of Central Government is separated into separate government departments. Most government departments are headed by a secretary of state or other senior minister and the structure of these departments tends to reflect what functions the minister has to oversee. Some departments are known as ‘non-ministerial’ which means they are not headed directly by a minister‚ but rather by a board answerable
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COMMERCIAL BANKING SECTOR SUMMARY: Banking industry is the blood vascular system of our economy. The banks have played substantial role in the growth of Indian economy. From the meagre start in 1860 the banks have come to long way. The total shape of banking system was changed in 1991 due to the introduction of financial sector reforms as part of the liberalisation process. These reforms were aimed at enhancing the viability and efficiency of our banking system. Although there is a sustainable
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Result Based Management is a concept which dates back to the 1950s when Peter Drucker introduced the concept of management by objectives and its principles. Local authorities have failed to adopt and implement the Result Based Management Concept due to various challenges which include amongst them inadequate finance and human resources‚ resistance to change‚ poor communication channels‚ unrealistic budgets‚ poor management system‚ location of ownership‚ negative attitude and resistance to technology
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“THEME: PROCUREMENT" INTRODUCTION Procurement is when the government is outsourcing of goods‚ services or works from the private sector. It is favorable that the goods‚ services or works are appropriate and that they are procured at the best possible cost to meet the needs of the public in terms of quality‚ quantity‚ time‚ and location. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and
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new rules f. Government Accounting Standard (PPK) - standard & basis g. International Public Sector Accounting Standard (IPSAS’s) - standard by IFAC for global 2. Non-financial procedure Financial Provisions of the Federal Constitution (Art 96 to 112) 1. Objectives a. Establish general framework for control of public expenditure b. Provide good financial management systems c. Govern methods of public funds to be administered & accounted d. Define borrowings powers of Federal & State e
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Financial Performance The table below shows that the analysis of financial ratios. Types of Ratio Sub Ratio Perbadanan Kemajuan Negeri Kedah (PKNK) Syarikat Air Darul Aman (SADA) Liquidity Ratio Current Ratio 2.19 times - Quick Ratio 2.04 times - Cash Ratio 0.343 times - Efficiency Ratio Working Capital RM 189‚278‚871 RM 120‚434‚000 Inventory Turnover 1.3 times - Total Assets Turnover 0.078 times - Profitability Profit Margin 36.8% 7.94% Operating Margin 45
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documentary occurred in the United States in the early 1980s. A number of gay men in New York and California suddenly began to develop rare opportunistic infections and cancers that were resistant to any form treatment. During this time‚ AIDS did not yet have a name‚ but it quickly
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system that uses the previous year’s budget to set the next year’s budget with incremental changes instead of large financial changes. Many businesses currently use incremental budget systems. When the incremental budge system is used businesses have to have a spend it or lose it mentality to make it work. The system is created from the previous resources allowing only for minor changes as allowed by the budget. Many sites such as Tutor2u suggest that this type of budgeting system is not used. This
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Public sector reform in Lesotho: Challenges‚ achievements and the way forward ABSTRACT THE GOVERNMENT OF LESOTHO EMBARKED UPON A LARGE-SCALE PUBLIC SECTOR REFORM EXERCISE FROM THE EARLY 1990S (PUBLIC SECTOR REFORM AND IMPROVEMENT PROGRAMME-PSRIP). IT WAS DRIVEN BY THE REALISATION THAT THE PUBLIC SECTOR WAS BLOATED‚ INEFFICIENT WITH REGARD TO POOR SERVICE DELIVERY‚ WITH CORRUPTION CONSTITUTING A DRAIN ON BUDGET. THE INFLUENCE AND ‘PERSUASION’ OF THE WORLD BANK‚ THE INTERNATIONAL MONETARY FUND
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