Essays on Estimates

The average American requires a yearly movement of 57 tons of cargo to cater for all of their activities. In 2016, the freight transportation system handled nearly 16 billion tons of raw materials and consumer goods. All this movement is vital in supporting economic activities around the country. All the shipments including fresh produce, express packages among others require an extensive system comprising millions of vehicles supported by sophisticated information technology and managed by a big labor force. The USA is the largest consumer market in the world thus a need for a robust system to oversee the movement ...

At some point, project managers are asked for estimates on cost and time to completion. In order to provide reasonable estimates, information on the project is used in conjunction with estimating tools. The length of time it will take to complete a project might use parametric estimating. Mathematical formulas employ quantitatively based durations to determine the quantity of work to be completed. The tool also uses statistical modeling to produce cost estimates with historical data for various parameters (Phillips, 2014, p. 226). Analogous estimating also uses historical data from similar projects to provide cost estimates (p. 225). Adjustments are ...

Business Intelligence and Analytics in Higher Education Institutions

Business Intelligence and Analytics

Business Intelligence and Analytics refers to the process of collecting and analyzing data from internal and external systems to produce actionable information to help in making decisions. The process of business intelligence and analytics is driven by information technology and in modern business; there are countless software for this purpose. The users of the simplified actionable information could be management or the people in operations. The current economy is information-driven; producing what has come to be known as the knowledge economy. Modern business is generally driven by having the right information at the right time ...

Assess

The mission of the Joint Task Force North (JTFN) is to streamline and implement an effective Command and Control structure and policy for military support to counter-drug efforts and fight transnational organized crime (TCO). The vision of JTFN shall be to meet the objectives set by the Northern Command Commander and add value to Drug Law Enforcement Agencies (DLEAs) in addressing the illegal activities of TCOs. The mission and vision of JTFN cannot be achieved without the support of appropriate key internal and external stakeholders. The internal stakeholders include JTFN’s staff in El Paso and its headquarters, law ...

According to current population reports, 28.5 million of the United States population remained uninsured. Of the 34 member states of the Organization for Economic Co-operation and Development (OECD), the United States, Poland, ad Greece are the only countries without a universal healthcare system. In many of the cases, advocates for the right to health care often argue that no individual in the developed countries like the United States ought to go without a health insurance. In their arguments, they admit that a right to health care would halt medical bankruptcies, enhance public health, and reduce the general costs of ...

Introduction

One could hardly imagine a resident of the developed country who has never delved into such aspect of popular culture as sport – either by buying a soccer ticket, buying exactly the same sneakers model David Beckham was wearing in that Adidas commercial, following the Olympics on TV or hunting some rare baseball cards. In the modern world, sport activities have become extremely different from the leisure games they used to be as they were invented. In the recent decades, significant societal, economic, political and cultural transformations turned sport not just into a socially meaningful phenomenon but rather in an ...

Letter of memo transmittal

Re: Planning proposal Here is my planning proposal for cost estimation in Tatweer Buildings Company. It contains a budget which I request that you help me to fund. If you have any questions on it, I’ll be ready to respond.

List of illustrations

Page 5: images for the Tatweer buildings Company Page 9: table of schedule for the proposal Page 11: table containing the proposal’s budget estimates Abstract In this planning proposal, the variables that identify with the cost estimations in the Tatweer Buildings Company are initially considered. After which, the possible issues that results from these cost estimations, how ...

REPORT

Report

The research aims at analyzing PMIBoK5 to identify the topic coverage for P3M, entailing the areas concerned with P3M, and to identify the influences in PMIBoK5 affecting the approaches as well as the methodologies of P3 Management in the diverse project environments.

Deliverables

Project Management Institute Body of Knowledge (PMIBoK) entails a term describing the totality of knowledge within project management as a profession. The areas of coverage concerned with the P3 management include the project scope management, project quality management, project cost management, project risk management, project stakeholder management, project procurement (Haimes 2015, p. 41).

Related Scope Factors to P3 Management

Project scope management. ...

Background Information

The State Cancer Profile website was created in order to provide data and information on cancer statistics so that state and local governments may use the data to prioritize and implement cancer control activities. The details such as demographics, screening rates, smoking rates, perceptions of what causes cancer, incidence rates and other information are intended for health workers, policy makers, teachers and other information providers such that the creation of programs are prioritized in their respective areas. The website is a collaboration of the National Cancer Institute and the Centers for Disease Control and Prevention (State Cancer Profiles, 2016). ...

Vice president’s comments on cost and schedule variance

The concerns of Spokane’s vice president were valid because the cost and schedule variances had gone up between the second and the third month. The total cost variances for all the work packages in the second month were $14,000, a figure that went up $25,000 in the third month, reflecting a -78% surge in the total cost variances. Also, the scheduled variances indicated by the vice president were correct, as it showed that the period between the second and the third month experienced a 45% slippage on schedules. However, the information on the table is not ...

Hello Professor & Class,

As our textbook states, a business plan, or what is sometimes referred to as a loan proposal, investment prospectus, or a venture plan, serves as a roadmap for any entrepreneur wanting to start investing in an enterprise he believes will be a success. It is a document that is a considered as a road map which outlines the plans on how to achieve one’s goals. It must be comprehensive enough to cover all aspects of the new venture from planning and risk projections to marketing and implementation procedures of the whole plan. A business plan is primarily used ...

Introduction

The two directors, the director of research and development and the director of sales may be conflicting. However, it does not definitively imply that both or any of them is ideologically or strategically wrong. Therefore, after close evaluation of the management plans tabled by the two heads regarding an approach to the employee management, I have selected two proposals from one of them for an in-depth review. The aspects of consideration are strengths of the proposals, why the projects stand out regarding the project management phases and what are the key points that one can learn from the suggestions.

The general strengths that are attributable to the project management life cycle theory.

...

Abstract

Over thirty years after its identification, HIV and AIDS remains a somewhat elusive virus, particularly when it comes to its history as a human infectious agent, and resourcing a complete epidemiology of the disease. Part of the problem is that so many antiretroviral drugs have come out and have either been used or prescribed incorrectly. In addition, the virus, like many other reverse RNA transcriptase viruses, has a very high aptitude in terms of developing resistance to drugs at a very rapid rate. What further complicates matters is how quickly it has spread. It will probably never truly be ...

dd mmmmm yyyyy

Priority of the Service Issues I would list as follows:

Outdated and Unavailable Brochures

Delay in Answering Phone Calls Clients Not Being Acknowledged Store Appearance The brochure is a powerful tool and symbol for the business and that is why companies set aside a hefty budget for the creation and printing. With its contents designed for selling, it takes the place of the salesman when he is no longer around. Just as the salesman’s skills and personality are the measure of sales competence, the quality of the brochure bespeaks of the agency’s competence overall. The email response time ...

Introduction

Multinational corporations across the world usually consolidate and present their operational results in financial and non-financial terms at the end of every term, usually a year. The financial aspect of reporting is supposed to comply with a clearly prescribed set of regulatory standards. The adoption of the International Financial Reporting Standards and GAAPs was meant to ensure that all compliant firms across the world produce financial statements that conform to the industry specific reporting frameworks and thus achieve a degree of uniformity in reporting. Different firms in operating in multiple locations operate under the strict guidelines of the specific ...

Prior to the Great Depression policy makers in the United States generally tended to accept that business cycles happened and in accord with Adam Smith's "invisible hand," tended to be self-correcting. The stock market crash of 1929, and the more general problem of massive unemployment forced a reconsideration. Smiley (2008) and Bernstein (2016) both point out that the human face of the Depression left no choice but for some government intervention. Jahan and Papageorgiou (2014), discussing Keynesian Economics put it plainly: “The central tenet of this school of thought is that government intervention can stabilize the economy.” The centerpiece ...

Introduction

The United States is one of the most developed countries, but it is also one of the countries with the highest level of income inequality. According to research, more than half of the nation’s income goes to only 5% of the population, while the remaining half is shared by the 95%. One way of measuring a nation’s income inequality is through the Gini coefficient. The Gini coefficient measures income inequality on a scale of 0 to 1 wherein 0 corresponds to total equality; a scenario wherein everyone is earning the same amount while 1 corresponds to total ...

BODY IMAGE ASSESSMENT

1). Below is a copy of the Drive for Muscularity Scale (DMS). I wish to be more muscular. 1 2 3 4 5 6 I do lift weight so as to buildup muscles. 1 2 3 4 5 6 I often drink protein and also weight gain shakes. 1 2 3 4 5 6 I do use energy supplements. 1 2 3 4 5 6 I always try to take in as much calories as possible daily. 1 2 3 4 5 6 I often have a feeling of guilt whenever I miss a weight-training session. 1 2 3 ...

Introduction

Obama Care aims at extending health care services to all the U.S. citizens, but it impacts the economy positively and negatively. The Affordable Care Act requires that firms should compensate the medical insurance cover of their full-time employees. The specific aspects of the economy that are impacted by this provision include employment, supply, and demand, trickledown economics, GDP, fiscal policy, wage and health care inflation. While Obama care forces firms to hire employees on part time, it results in high demand for medical professionals. As large companies and high-income earners pay their insurance premiums, the trickledown economics becomes real. ...

Question 1: Sources of value added work in the process are those sources that are actually critical for the process. In all the cases for value added work, the whole project progresses during the stage. For instance, any actual work done on the project is a source of value added work. At the end of that particular stage, the entire project will have progressed. For example, after writing, typing, proofing, printing, and distributing a document, it signifies actual progress of the entire project. This would be an example of value added work in the project. Non-value added work includes ...

Organizations apply the analysis of break-even to make price decisions of their products, understand the costs that are involved in the production, and make a decision on the volume of sales achieved that can make the business profitable. In this plan of activities, Mission Hill Wine made total sales of its wine at $12, 500 in 2015 and incurred a variable cost per unit of $700 and a fixed cost of $ 8million. Therefore, the break-even would be determined as: In terms of units, BEP = 8,000,000/ (12,500-700) = 678 units. In terms of sales, BEP =678 units*12, ...

Section

Introduction Hawaii is located nearest the state of California. It is a state of the United States of America and is found East of Japan. It is made of various and numerous islands scattered throughout a slanted pattern . Hawaii is largely volcanic, having been formed due to eruptions which spanned hundreds and even thousands of years. The first island to have been formed is Kauai on the Northern region, whereas the youngest among them are the Hawaiian Islands, located on the Southern most part of the region .

Source: Google 2016

This American state has a total of 132 islands; most of it ...

All across the care spectrum, fall and injuries remains a significant challenge as Ganz, et al., (2013, pp. 390-396) documents. In the United States for instance, 700,000 to 1,000,000 people are documented to fall in hospitals (Kalisch, Tschannen, & Lee, 2012). A patient fall in this regard refers to an unplanned floor descent with or without resultant patient injuries. For older persons in the USA above 65years, unintentional falls account for the commonest cause of nonfatal injuries (Ambrose, Paul & Hausdorff, 2013). Additionally, accidental falls are among the commonest reported hospital incidents which complicates approximately 2% of all ...

1.0 Chapter 1 Introduction 1.1 Background and Rationale of the Research The industry of construction is not only a key player in the national economic growth; but also a crucial sector affecting the economic and social welfare of citizenry, particularly in its primary function in providing reliable and decent shelter. It is viewed as one of the most essential sector to highly contribute to the growth of an entire economy at the provincial, national and international levels (Artto & Kujala, 2008). In the recent years, cost modelling and estimation for construction projects have attracted major attention of several research scholars. ...

Abstract

The paper presents the method for assessment the population that is not counted by the official census. The capture and re-capture method for wildlife population assessment is applied. The method is based on marking of the individuals in the sample, and counting the quantity of the marked individuals in the second sample. The ratio is used to assess the quantity of the group in the entire population. The limitations of the theory are discussed, and they are related to the choice of the region for the survey and sampling due to non-homogeneity of the regions. Basing on the US ...

Question one

The descriptive statistics is the analysis of data for describing, showing, and summarizing records in a meaningful way so that the patterns to emerge from the information. However, it does not allow the analysts to draw conclusions beyond the data to be analyzed concerning any hypotheses being made. The types of descriptive statistics are as follows: The measure of central tendency. It is the way of describing the central position of a distribution for the collection of data. That is the frequency distribution the distribution pattern of records of a company particularly from the lowest to the highest. Therefore, ...

Executive Summary

This section looks into the inception of Disney Store in South Korea, which is the country of interest. Disney Store is a retail outlet that specializes in sales of merchandise that are unique to Disney. Disney Store traces its roots back in 1987, in Glendale, California. A country analysis of South Korea was done with detailed information being noted as far as population, GDP, per capita income, aesthetics, political system, legal system and the living conditions in the country just to name a few of the areas tackled. This was followed by an economic analysis of South Korea where ...

Final Project Package

Executive Summary The project in question is dubbed the Palliative Care Program. The Palliate Care Program will run concurrently with other operation of the hospital. The aim of the program is to alleviate the pain of the patients in palliative care.

Summary overview of project description

The Project will be called The Palliative Care program. This program will ensure quality, nurturing care is given to all patients and that the employees will be trained to do so. This project will ensure that patients do not suffer even when they are sure of dying. The implementation of the program will require in-depth research on palliative ...

Abstract

The current government has consistently been trying to reduce the costs of healthcare and at the same time improve its quality. This paper focuses on the current state of healthcare through an extensive research on the population. The research uses a cross sectional design to collect data and come up with relevant conclusions. The research project aimed at using a homogenous population to come up with accurate results. Such a population involves participants who have the same knowledge about the subject. Such participants are easily obtained through a referral process where one participant refers another. A total of 50 ...

Providing Trained Behavioral Personnel

1.0 Executive Summary The success of an organization relies significantly on the type of human resources it utilizes. Talented human resources tend to improve the service delivery in health care organizations. Moreover, unlike other institutions, health care organizations require sensitive recruitments due to sensitive nature of their services (Rynes & Cable, 2003). However, staff recruitment is a challenging task, particularly when it comes to making decisions regarding the most suitable candidates. If the recruitment is poorly conducted, an organization may end up hiring wrong and unqualified personnel (Carlson et al., 2002). Turnover problem is another consequence of inappropriate hiring, which ...

Integrated Cost and Schedule Risk Analysis

Introduction Over the years, the process of analyzing projects cost did not take into accounts an explicit reference or any reference to the project schedules and its risk. As organizations witnessed numerous risks in their projects implementation, a great emphasis on risk awareness and analysis was made. As a result, project managers created an integrated cost-schedule risk analysis to create the need of viewing the risk analysis as a crucial input when making key projects decisions (Hulett & Campbell, 2002). In this paper, we explain important concepts on schedule risk and overall cost. The paper explains the importance of integration ...

CPM diagram

Differences between critical path analysis and integrated cost schedule analysis Critical path analysis is a tool used in management projects widely. The project managers use its network analysis to handle operations that are complicated, detailed and time sensitive. Critical path analysis is used in rescheduling project task and determining the duration of a project (Heerkens, 2013). A big organization that more often do the project that is not only sophisticated in their operations but also has risk investment associated to the use project CPA. Due to the risk and complexity increase in the projects, it’s vital to understand ...

Introduction

Receiving education is a costly choice. There are costs to education in terms of direct monetary payments and an opportunity costs. The choice to go to school means forgoing waged employment. Therefore, there is an opportunity costs of the wages that would have been earned. Therefore, there is a need to compare the returns versus the cost of education to make optimal decisions. Estimating the returns to education for any population segment is useful in making decisions on the optimal schooling level at both a personal as well as societal level. From a policy standpoint, estimating returns to education ...

Abstract

The demographic trends in the US based on religion, race and age are fast changing as organizations strive to implement policies to achieve a balanced workplace atmosphere. It would be necessary for the organization to have a working environment where the supervisors and managers are appointed or recruited in ways that represent equality in terms of race, religion, gender and age. Organizations need to proactively foster a culture that appreciates diversity such that everyone is given an equal opportunity in terms of employment and roles to be performed at the firm. With the current practice at the organization where ...

Abstract

The purpose of the paper is to assess the impact of Airbnb, the company that makes it possible for people from different countries to hand over their property to strangers, on the hotel industry. It is known that Airbnb is the third by cost value private IT-company in the world as its value is $25.5 billion. It is estimated that flow of orders of rooms for the night to Airbnb may increase from 79 million in the current year to 500 million over the next five years (and up to a billion within 10 years). In general, from a ...

EXECUTIVE SUMMARY

Ratio analysis is one of the most common methods of analyzing a company. They are simple to calculate needing only public information from financial statements. The purpose is to use past relationships of financial accounts to predict future results. Perhaps the most important ratios involve operating income. ROE, gross profit margin, operating margin, and net profit margin give information about how the company achieved results in the past. Of these, operating margin is the most important. This ratio demonstrates a company’s ability to generate income from normal business operations. Look for at least a 10% margin. Extraordinary items ...

Article Review

The US economy is well known for the wide range of detailed data that is available through various organizations like the Fed, the Bureau of Labor Statistics, the Bureau of Economic Affairs and many others. The world’s largest economy has a high reputation on the quality and reliability of the data that it provides. Though the data provided by the government organizations have a high degree of accuracy the data is not a real time one. This is because the organizations need updated statistics on the various macroeconomic variables. For this reason there is a time lag in ...

Letter of Transmittal

Richard Albert Sylvester Management Consultant Lamplighters Corporation Ottawa K I P 5B5 Phone: 613-563-1509 www.lamplightres.ca The Right Honorable Justin P.J. Trudeau

Office of the Prime Minister

80 Wellington Street

Ottawa, ON K1A 0A2

RE: Project Suitability Report on the Proposed Trans Mountain Expansion Pipeline Project Dear Right Honorable Prime Minister, It is with great pleasure and honor that I submit this report on the suitability of the proposed Trans Mountain Expansion pipeline project. The Trans Mountain Expansion pipeline project proposal by Kinder Morgan aims at increasing the current capacity of the existing Trans Mountain oil pipeline. Currently, the existing infrastructure has a capacity of 300,000 barrels per ...

Net present value

NPV is gotten by subtracting cash outflows from the sum cash inflows from the project investment. To get current values, a discounted rate used which is the rate of return or the opportunity cost of capital. The opportunity cost of capital is the rate of return that an investor could earn if the money would have invested in financial assets of equal risk (Gollier, 2009). It’s therefore, the return that an investor would expect to receive. It’s vital in capital budgeting because of the determination of the expected profits from the projects to be invested if approved ...

Introduction

Sharp Park, which is named after George Sharp, has a long, rich history. Mr. Sharp owned a more than 400-acre estate that he established with a vision for the San Francisco residents to enjoy recreation in a natural setting. When he died together with his wife, the property was left to the San Francisco City Council under strict instructions that it would only be used for recreational purposes. Sharp Park is in California off Highway 1 along the Pacific Ocean, San Francisco. It has existed since 1917; the golf course was established in 1930s. In 1941-internment camp was established ...

General Problem Statement

Homelessness is a worldwide phenomenon observed in all nations regardless of economic development status. Many often believe homelessness is only a result of financial distress but there are many instances wherein homelessness is a result of other circumstances; advocates of the financial viewpoint – Miller, Herzberg, and Ray (2012) – claimed the urgency of addressing economic problems of society to effectively deal and combat homelessness. In contrast, Wright (2009) emphasized political and social origins of the problem rather than economic ones In the hopes of helping the problem, Hodas and Myers highlighted social and educational issues in schools that impact children ...

Overview

The English Premier League is among the most popular football leagues in Europe and across the world. Different teams in the Premier League have many fans in England and across the world. In addition to the attractive football, the other element that is characteristic of English football is the high turnover of managers. Despite the cost associated with dismissing managers before the completion of the term, teams in the English Premier League have a history of dismissing managers for various reasons despite the cost implications. For instance, Liverpool Football Club had to part with six million pounds sterling to ...

With the science, information and technological boom in the past few decades, the internet has become the ubiquitous resource when it comes to acquiring information and knowledge. However increased use of search engines and other websites to acquire information has also given rise to questions about its effect on intelligence and behavior, especially in the case of children and adolescents. Children and adolescents are more likely to be affected as they are in their formative years and are highly susceptible. Access to information that is just a click away and this can lead to a mistaken belief and illusion ...

Nowadays social groups and individuals are not perceived as a closed and self-sufficient phenomena. They are included in the general relationship and interdependence. Universal interconnection, interdependence and relationships are extremely complicated by contradictory processes of globalization. The role and influence on the formation of national consciousness of the cultural self-identity should be borne in mind that national identity is implemented at two levels: the social (public, community at large) and personal (personal) (Bem, 1967). The need for self-determination has always been an important human need. Erich Fromm believed that this need is rooted in human nature (Fromm, 1939). Social ...

Price: 438.31 GBP Date: 4 May 2016

Company profile: Aviva Plc provides insurance, savings, and investment products to over 31 million customers around the world (Aviva, 2016). Aviva is a composite insurance that combines life insurance, general insurance, and asset management (Aviva, 2016). Aviva operates worldwide with its headquarters in London United Kingdom (Yahoo! Finance, 2016).

One-year Price chart:

Figure 1: One-Year Aviva Price Chart

Source: Bloomberg

Price performance: Valuation (by DDM and by comparables):

Analysts’ recommendation:

Introduction 3 Price performance and news analysis 3 News 4 Valuation 5 Multi-stage DDM 5 SML analysis 6 Discussion of pros and cons of the methods used for the above valuation 7 Conclusion 10

Appendix 13

Exhbit1: ...

Affiliated Institution

The purpose of this essay is to discuss the features of the American electoral system features; how does it allow stability and change to occur simultaneously? How does it allow the participation for most of the citizens and it may also serve to filter the citizens` input? First of all, the fifteenth amendment to the United States Constitution states clearly that the right to vote is not to be “denied or abridged on account of race, color, or previous condition of servitude” (US constitution, 1870). The term servitude may be a little vague, yet it was initially used to ...

Today, Christianity is a term that is used very much in broad terms and ways. Over the past few decades, Christianity has mainly been predominant in the West and looked upon to have been rooted in the social organization of these Western countries. For instance, one cannot expect a high number of Christians in overseas States like Indonesia, where the majority are the Muslims. In addition, the Indonesian constitution recognizes six types of religions which include Islam, Hinduism, Buddhism, Protestantism, Confucianism, and Catholicism. This is why freedom of worship and religion has fully granted to her citizens. But as ...

Introduction

Market and operations research as a means to gain insights into the various crucial aspects of business operations has gained importance in recent times aiding and supporting managerial decision making. Statistics as a tool of market and operations research and descriptive statistics in particular are playing an increasingly important role in managerial decision making. The present paper is based on a market survey of 150 respondents who were surveyed telephonically and were asked to provide information about themselves, their shopping habits and their view of how the three shopping areas fit into their shopping preferences. The responses were measured ...

Philosophy

Introduction Man has always gazed at the stars and attempted to answer the question about the existence of any life anywhere else in the Universe apart from Earth. While for the better part of the first two thousand years After Christ, there was a popular assumption that Man is unique in the Universe, the acceptance of the ‘Copernican Principle’ (Tyson, 2003) in the 1500s, when Nicholas Copernicus put the sun back in its proper place at the center of the solar system, propelled the notion that man may not be unique after all. Given the fact that the three ...

Part (a)

According to statistics, the US has shown the highest progress when it comes to the development of infrastructure (Hamm, 2009). Technology is advancing every day, and its focus impact has surely been infrastructure. The roads, railway, water and air are the primary mode of transports we have today, but the most frequently used is the road transport. Projects have been initiated to enhance road transportation including bridges. According to Steve Hamm (2009), Smart technology is an imperative component of the contemporary society where it ensures a better world. He argues that it is necessary for a safer and much ...

mmmmm dd, yyyy

Introduction

Galaxy Micro Systems is in the middle of deciding what kind of contract it will tie up with a national franchiser for three years service warranty. There are two alternatives; one is a lump sum contract paid out at the onset. The other is combination of a smaller fixed sum and an installment payment schedule spread over three years. Both schemes appear to be acceptable to Galaxy but there are parameters that need to be defined to make the decision. There is also a significant potential sale that needs to be assessed as it will influence ...

1. The capital budgeting system for Target has three different entities. These entities include the real estate managers, the research and planning group, and the capital expenditure committee. The approval process of the capital budget allocation will start with the proposals that are passed on to the real estate managers, which they manage the specific geographical regions. The real estate managers will develop the proposal by gathering and satisfying the different details and all of the requirements in order to prepare it for the pitch to the CEC. The proposal is processed would then be sent to research and ...

Visitors’ Perception on Westminster London as a Sustainable, Responsible, and Environmental Friendly Destination

Referencesp.41 List of Figures Figure 1. Findings from the questionnaires Figure 2. Finding for three sections of sustainability, responsibility and environmental friendliness Figure 1.1. Sustainability Figure 1.2. Responsibility Figure 1.3. Environmental friendliness Abstract Sustainable tourism is one of the rising trends in the tourism industry. More and more stakeholder groups are starting to realize the importance of their assets. One of the best ways to preserve tourist destinations (i.e. the assets) is to promote sustainable, responsible, and environmental friendly tourism management. Unfortunately, engaging in those kinds of practices and operations can be costly. Most tourism industry firms are still ...

Introduction

Global warming affects the lives of the people all around the world regardless of geographical location. Global Warming is a consequence of human activities and decisions that are mostly governed by self-interest and material gain. Therefore, as the population in different areas continues to increase, competition to obtain life’s necessities intensifies. In turn, the destructive activities of humans continue to contribute to of Global Warming. According to the National Aeronautics and Space Administration (NASA), Global Warming is defined as the rising average temperature of the surface of the Earth increases due to emissions resulting from different human activities, ...

Question 2

My major is Accounting and Finance. One of the typical jobs for Accounting and Finance majors is accountancy and auditing. Accountants maintain and prepare financial records while auditors examine those financial records. They ensure that the financial statements are true reflection of the business performance and that any taxes that are due are paid on time. According to the Bureau of Labor Statistics (BLS), the lowest 10 percent in the profession earned 41,400 dollars per year. The salary that is paid depends on the level of experience and education level. The minimum entry qualification for accountants and auditors ...

According to Neumark, Salas, and Wascher (1), “debates about the economic effects and the merits of the minimum wage date back at least as far as the establishment of the Department of Labor as a cabinet-level agency in 1913.” The authors describe the neoclassical school argument that “wage levels were determined by workers’ productivity and that minimum wages would reduce employment among low-skilled workers.” In other words, under free market conditions, the wages perceived by any given worker would reflect the productivity of that worker’s labor. The setting up of a minimum wage would upset the workings of ...

Introduction

Cost estimation is a crucial step in any project management, with the fact that estimating establishes the foundation of the development cost at varied phases of project development. A cost estimate at a particular phase in a project progress represents an estimation given by the cost engineer or construction manager based on the presented data. The costs involved in constructing a facility are inclusive of the maintenance and operation cost, in addition to the initial capital cost. The capital cost for a construction project includes the expenses ranging from planning and feasibility studies, testing and inspection, construction financing, equipment’ ...

Value-at-Risk

Introduction Risk assessment is essential in portfolio management. A portfolio manager has the duty of maximising returns of the portfolio of the assets for each level of risk. Alternatively, a portfolio manager should minimise the risk of the portfolio at any level of return of the portfolio. Several models are used in assessing the risk involved in a portfolio of investments. Value-at-risk is widely applied in determining portfolio risk. We explore the concept of value-at-risk and its usage in portfolio management.

It is a model that measures how much the value of a portfolio could fall over a specified ...

The concept of full employment, or the natural, frictional, and rate of unemployment plays a central role in macroeconomics and its policy. Let's start with natural employment. The determinants of the natural rate of unemployment are duration and frequency of unemployment. The duration of unemployment depends on cyclical factors in addition to the structural characteristics of the labor market. The organization of the labour market including the presence or absence of employment agencies , youth employment services. The demographic makeup of the labour force. The ability and the desire of the unemployed to keep looking for a better job which ...

Section

Executive Summary In this study, the city wanted to determine the economic value of the Sharp Park and the surrounding coastal trail. Instinctively, one may think of lost revenues, or possible income which may be generated by keeping the golf course. However, in the study, it has been determined that the amount earned from the golf course is actually much lesser than the amount required to maintain such. In fact, the city does not even earn from such property. The expense is greater than the revenues generated. But in the course of the research, it has been ascertained that ...