Regulation is defined as a set of rules that is designed to control and govern conduct by authority (Deegan 2009‚ p.59). On the basis of this definition‚ Deegan (2009‚ p.59) has defined regulations relating to financial accounting as rules that are developed by independent authoritative body to govern the preparation of financial statements which are accounting standards. Since decades ago‚ there have been arguments for and against the existence of accounting regulations. With a stance of pro-regulation
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(Matsumoto‚ 2006). However‚ emotional expressions can be controlled in order to mask what individuals truly feel and this is known as “Display Rule” (Gnepp and Hess‚ 1986). The understanding of display rules and emotional expression is of paramount importance as it affects human interaction and the relationship between self and other. Display rules refer to a set of social norms prescribing the appropriateness of expressing an emotion in particular situations (Saarni‚ 1999). This means that
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Strategic Management in Hospitality and Tourism July 2011 www.cthresources.com Page 1 www.cthawards.com 1 Content I. II. Summary of Learning Outcomes LO 1 - Evaluate the use of strategic plans for a hospitality or tourism organisation III. LO 2 - Produce an outline strategic plan IV. LO 3 - Develop a strategic implementation plan for hospitality or tourism organisations V. LO 4 - Develop a strategic implementation plan for hospitality or tourism organisations www.cthresources
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ASSESSMENT COVER PAGE Name: Student Number: Subject: Introduction to Hospitality‚ Tourism and Events. Code: MGT102 Lecturer: Trish Powers Assignment Name: Research Report Due Date: 2012 Table of Contents 1. 1. Executive Summary The purpose of this report is to identify the fundamental characteristics of the Hospitality‚ Tourism and Event industries‚ their focus on customer service and satisfaction‚ how they converge and how they have relied
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MANAGE FRONT OFFICE/GUEST SERVICE OPERATIONS 1) Identify at least FOUR areas requiring Standard Operation Procedures. a. Specific Operations : i. Process check-in‚ reservation‚ post charges‚ process check-outs b. Staff conduct and Appearance: i. Procedure for handling misconduct and/or inappropriate appearance c. Safety and Security: i. Fire safety procedures‚ procedures for issuing room keys and handling emergencies d. Service Standards: i. Answering phone calls‚ speed‚ accuracy‚ completeness
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unfair and deceptive sales illegal. The above are all industrial regulation entities. Industrial regulation ensures pricing fairness throughout any industry according to a specific commodity. It can be put in place by the industry itself or the government as in the entities listed in the above paragraph. It exists to effect market structures and protects the market from firms that may seek to push other firms out of their industry by using unfair pricing practices and also protects the consumers
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"RULES ARE THERE TO BE FOLLOWED. WITHOUT RULES NOTHING GETS DONE." It seems that in today’s world rules are everywhere. For instance‚ type a quick search for "rules" into the Google search engine and you will return over 604 million web pages that mention rules. One can find sites which outline rules on correct Internet usage to rules on ordering Mail Order Brides! Undoubtedly rules are quite important in the everyday running of our lives and yes‚ rules are there to be followed‚ but in my opinion
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I. BACKGROUND – SECURITIES MARKETS AND REGULATION A. The Basics 1. Two types of securities transactions: a. Primary market transactions – issuer sells securities to marketplace b. Secondary market transaction – between two outside investors 2. How we protect consumers: a. Disclosure b. Process rule c. Bans d. Education e. Intermediaries ( profit-driven incentive to ensure quality 3. What is different
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Australian Hospitality has performed poorly due to the impacts of inflation. How to curb inflation has been regarded to be the foremost purpose of government economic policies in several countries. It is worth noting that the effective policies that aid in curbing inflation need to center on the fundamental causes of inflation in the country and particularly in this regard the hospitality industry of Australia. Although there has been significant growth and expansion of the Australian industry for the
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on the necessity of regulation of accounting standards. The two opposing views to setting these standards are one that is based on regulations and the other based on market forces. In this report‚ we will discuss the supporting views and arguments of both methods and further justify the method that I personally favor. Over the years there have been many arguments and debates over the necessity for regulation. Those who believe in the efficacy of markets argue that regulation is not necessary
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