Business Plan Materials Department Hospitality Operations Management Stenden University – International Hospitality Management Leeuwarden The Netherlands Submitted in Partial Fulfilment for the Requirements of the degree Programme Bachelor of Business Administration (BBA) in International Hospitality Management. April 2011‚ Module 3 Materials Department Odd weeks Nick Sweertman - 79125 Even weeks Susanne Dupuis -117579 Declaration of own work 1. This work
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meaning A budget (from old French bougette‚ purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending.[1] A budget is an important concept in microeconomics‚ which uses a budget line to illustrate the trade-offs between two or more goods. In other terms‚ a budget is an organizational plan stated in monetary terms. In summary‚ the purpose of budgeting is to: 1. Provide a forecast of revenues and expenditures‚ that is‚ construct
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Budget The Budget is prepared by the ministry of Finance ant the union budget is presented by the Finance Minister. Our constitution has made it compulsory that every year The Budget is presented before the Parliament . The overall responsibility of preparing the budget lies with the Ministry of Finance. Various departments of this ministry work for several months to prepare the budget. Each department has a specific responsibility. The departments are: Department of Expenditure‚ Department
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Budget Definition: An estimate of costs‚ revenues‚ and resources over a specified period‚ reflecting a reading of future financial conditions and goals. One of the most important administrative tools‚ a budget serves also as a (1) plan of action for achieving quantified objectives‚ (2) standard for measuring performance‚ and (3) device for coping with foreseeable adverse situation. What is a budget and why is it important? Simply put‚ a budget is an itemized summary of likely income and expenses
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The House on Mango Street shows the reader the life of a Mexican-American girl through the character’s eyes. Only‚ the story isn’t just about her ethnicity and poor environment‚ it’s about finding a home and growing up. Everybody could learn a lot from her. She teaches people of determination‚ inner strength‚ and connections that can’t always be explained. Cisneros’ vignettes read like individual stories with one big purpose and that in itself is beautiful. In The House on Mango Street she
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Case 1-8 A Faulty Budget Jackson Daniels graduated from Lynchberg State College two years ago. Since graduating from the college‚ he has worked in the accounting department of Lynchberg Manufacturing. Daniels was recently asked to prepare a sales budget for the year 2014. He conducted a thorough analysis and came out with projected sales of 250‚000 units of product. That represents a 25 percent increase over 2013. Daniels went to lunch with his best friend‚ Jonathan Walker‚ to celebrate the completion
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worker‚ when interacting with a hostile‚ resistant or non -voluntary client‚ I would use several techniques to build rapport and engage the client in working with the agency. Being a social worker for the last ten years‚ and having four years of direct experience in child protect services‚ I have come across many reluctant clients. I learned very quickly that rapport is the foundation to any service provider in the social work field. Upon a first visit with a client‚ one needs to remember that
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shoots Kenny. In some cases‚ we discover information about the characters by direct character presentation. This is when we are told straight out what they are like. In other cases‚ we are forced to obtain information about the hunters through indirect character presentation which occurs when we are shown a
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Meaning and Need for Budget Everyone is familiar with the idea of a budget because it is essential in every walk of our life – national‚ domestic and business. A budget is prepared to have effective utilisation of funds and for the realisation of objectives as efficiently as possible. Budgeting is a powerful tool to the management for performing its functions (i.e.‚ formulating plans‚ coordinating activities and controlling operations etc.) efficiently. CIMA London defines budget as‚ “A plan quantified
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Cash Budgets CASH BUDGETS A cash budget is a budget that focuses on cash receipts and payments that are expected to occur in the future. Cash management is one of the main important factors in a business. A company that experiences cash shortages could be forced into bankruptcy in the future. Businesses that have excess cash can lose the opportunity to earn investment income or can reduce interest costs by repaying debt. A cash budget can tell management anticipated cash shortages or excess
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