The Government and Not-For-Profit Environment TRUE/FALSE (CHAPTER 1) 1. F The main objective of a typical governmental or not-for-profit entity is to earn a profit. 2. TA government’s budget may be backed by the force of law. 3. FGovernmental entities have no need for an accounting system. 4. TA government’s internal managers rely on general purpose financial statements for a considerable amount of information about their government. 5. FGovernments and not-for-profits may never
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NOT-FOR-PROFIT ORGANISATIONS 13 2 Not-for-profit organisations Key points Many not-for-profit organisations (NFPs) feel they are poorly understood by government and the general public. Pressures to be more efficient have seen overhead spending reduced at considerable detriment to effectiveness and improved resource allocation over time (allocative efficiency). The sector is diverse‚ but NFPs display some common behavioural patterns: – Whereas the behaviour of for-profit business is driven mostly
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Our government has not always been as successful as it is today. America’s government began with the Articles of Confederation and separate state constitutions. This was difficult. The country was not united. Each state took care of everything on their own and the national government could not do anything. Our country had no national money or militia. Traveling was almost impossible. There were very few positive concepts with the Articles of Confederation. Our present government is a federalism.
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First‚ I think it is important to recognize the difference between a king (monarchy) and government. A government is regulated and kings were not‚ to an extent. First Samuel 8 is dominated with “He will take” and “He will demand” phrases‚ signifying the lack of democracy and his total control (ESV‚ 2008). However‚ the demand that is portrayed is similar to the making of a government‚ but in the case of a government concerned about economic growth‚ the demand is expected‚ however‚ in the kings stance
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main concept is that in hospitality there will be someone acts as a host and treat visitors with respect‚ make they feel comfortable and happy and help them as much as you can. 2. Similarities The similarities between tourism industry and hospitality industry will be discussed at individual‚ community and government level. 2.1. Individual level From an individual prospective‚ tourism and hospitality can be seen to be comprised of 3 equal components: transportation‚ foodservice and lodgment.
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Democratic Government VS Oligarchy Government “The government is merely a servant -- merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong‚ and decide who is a patriot and who isn’t. Its function is to obey orders‚ not originate them.” Mark Twain Democracy and Oligarcy as forms of government have been in existence for a long period of time‚ both terms first appeared in ancient Greek political and philosophical thought. Both forms
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doesn’t. Another major difference is that the modern ballad‚ "There You’ll Be" is much longer than the older ballad. There are many words and phrases in S. Foster’s ballad that we don’t usually use in our common literature. For example‚ "many were the blithe birds that warbled them o’er‚" to translate this to the people that don’t speak with these different words; it says‚ "many were the cheerful birds that chirped them over." As you can see so far‚ there are many differences in the way that these
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maximize their profit. Companies may take different approaches to maximize profit or minimize loss based on their own organizational strengths in order to achieve their goal. Indeed‚ everyone can understand how important does making profits meant to a company. Making profits not only benefit the business owners and also indicate to shareholders how well performed the company is. According to Lord Holme and Richard Watts‚ corporate social responsibility is the continuing commitment by business to behave
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Similarities and Differences between Monopolies and Oligopolies WHAT ARE SOME SIMILARITIES AND DIFFERENCES BETWEEN MONOPOLIES AND OLIGOPOLIES? According to Mankiw‚ N. G. (2004) monopolies and oligopolies can be defined as: Monopolies are based on a market where there are several buyers but only one seller of a product or service whereby the seller sets the price for products and services provided. Oligopolies are based on a market where there a few companies own or control the production of a
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The Difference Between Wealth Maximization and Profit Maximization Profit maximization is a traditional approach which is claimed to be the main goal of any kind of business‚ small or big. Profit equals to revenues substracted by expenses. It is needed for business survival; pay rents‚ employees salary‚ capital‚ research and development. If a business doesn’t yield any profit‚ it can be said that they’re on danger in term of survival because profit is the main objective. Wealth maximization is
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