Governance Essay Example | Topics and Well Written Essays - 1000 words

Governance - Essay Example According to laws and theory, the board of directors working in any nonprofit organization are in charge and responsible for the accountability of the organization’s policies. The individuals working in a nonprofit organization are motivated by the fact that they serve the members of the community. They feel satisfied for serving the community although they may not get as much compensation as the members of other profit organizations. IRS believes that the better the governance of the tax exempted firms the more their compliance will be increased (Schuster, 2011). The IRS has been interested in finding that how non-profit organizations (tax exempted) govern themselves. The theory behind the governance is that well governed organizations often comply with the tax laws, safeguard their assets and smoothly carry forward their charitable mission than the organizations with law control. In 2007, Good governance practiced for 501 (c) (3) was published by IRS which consisted of guide lines for the non-profit organization on how they may increase their accountability, their transparency policies, achieve regulatory compliance and can carry on with their status of tax exemption. IRS released several different materials regarding the topic of governance. Recently IRS is conducting a training session for the IRS personnel who are working in non-profit organizations (Nonprofit Governance and the IRS, 2010). The role of board members in non-profit organizations has been important. To meet the needs of the society and to work within the limited resources the board members must work towards strategies and leadership whose main focus is financial sustainability in the organization. It must be a difficult task for the board members to bring their organization to the speed of the current governance practices (Boards and Governance, 2013). The United States congress and IRS have shown interest in the regulation of the non-profit organizations. The IRS suggests that the acti vities of the tax exempted organizations must be in accordance with its tax exempted purpose. The board of directors of such organizations must be in charge of monitoring that whether or not the organization is working in accordance with the policies and purpose of its establishment. The statement written by the non-profit organization in its application for tax exemption must be clear. The board of director must act within their full capacity for achieving the goals of the tax exempting organizations. Any conflict that may prevail in the organization must be addressed by the board of directors. The boards of directors are the most valuable sources of the tax exempted organization according to the IRS. The policies of the tax exempted organization must be transparent so that it must be held accountable for its actions. The filing of the tax exempted organization with the IRS must be correct and accurate. There must be transparency in their mission of establishment. Certain filings o f the tax exempted organization must be stated on their official website for the purpose of review by the general public. IRS has shown interest in paying closer attention to the fund raising activities of the tax exempting organization. IRS has allocated the duty of the board of directors to regularly monitor all the fund raising

Intermediate sport management (sport events) Essay

Intermediate sport management (sport events) - Essay Example Such dilemma has appeared in the case of Beijing Olympic Games of 2008. The findings of studies developed on this event seem to be controversial. The effectiveness of the above event is evaluated in this paper by referring to the literature and the empirical studies that have published in this field. The key finding of the study is that the specific event can be characterized as successful even if the problems appeared during the development of the event’s Strategic Plan have been many, as analyzed below. 2.0 Introduction The effectiveness of 2008 Beijing Olympic Games is reviewed in this paper. A qualitative research approach has been used for reviewing the various aspects of the specific event. A series of studies published in the academic literature has been reviewed in order to check whether the above sport event has been successful or not. Specific aspects of the particular event are set as priorities in this study: Marketing, Operations Quality and Performance, Legal and Ethical issues, Finance, Human Resources and Media. Certain articles published in the local and international press have been also employed, for providing additional information, where necessary, on the issue under examination. The main body of this study has been divided into two parts: Discussion and Findings. In the first of these parts, the Discussion part, the findings of the literature related to this study’s subject are presented, being categorized in order for the coherency of the study to be secured. These findings are then evaluated in the second part of the main body, the Findings section, in order to decide whether the management techniques used for managing the above sport event have been successful or not. The findings of the literature review are supported by graphs included in this study’s Appendix. Conclusions in regard to the issues discussed through the paper are provided in the Findings section; in this way, all conclusions are appropriately suppor ted while any gaps, as revealed through the literature, are highlighted. 3.0 Discussion 3.1 Marketing Marketing, as part of the 2008 Beijing Olympic games, can be evaluated by referring to two, different, facts: the popularity of the specific event as it was in progress and the popularity of the city after the end of the particular event. The Beijing Olympic Games of 2008 can be considered as a major event for China’s public image. In fact, since the end of the Olympics the number of tourists that have visited the region has reached impressive levels; in 2011 about 4.61 million people visited the city, a number that it is quite high (Blanchard and Fan 2012). Gibson, Qi and Zhang (2008) tried to identify the level at which a major sport event can be used as a tool for improving the image of the hosting country. The case of Beijing Olympics is used as an example. A survey was developed in Athens among college students during the Athens Olympic Games of 2004. The objective of th e survey was to show whether the intention to travel to China could be influenced by the Olympics in Beijing. It was proved that, indeed, a relationship could exist between the hosting of a major sport event and the intention to travel to the hosting country. The above relationship is presented in the graph included in Figure 1,

Diagnosis and treatment of male genitourinary Essay Example for Free

Diagnosis and treatment of male genitourinary Essay 1. What is a physician that specializes in the diagnosis and treatment of male genitourinary conditions called? Urologist 2. What disease causes the kidneys to overcompensate by straining within the remaining nephrons? Chronic Renal Failure 3. What are most kidney stones composed of? calcium-containing crystals 4. What are three types of bladder stones? Calcium, Uric acid, Struvite, and Cystine stones 5. A constriction of the perputial orifice that does not allow for the foreskin to fold back over the glans is called? paraphimosis 6. What is the term for the surgical removal of the uterus? Hysterectomy 7. What is the medical term for an examination/biopsy of the vagina and cervical areas? colposcopy 8. What disease or condition can lead to DUB (Dysfunctional Uterine Bleeding)? Menorrhagia, Metrorrhagia, and Polymenorrhea 9. How many days are used to calculate the EDD? The due date may be estimated by adding 280 days 10.What are the terms that describe the surgical removal of a fetus through an abdominal incision? caesarean section II. Go to http://www.aapc.com and answer the following questions: Q: For the CPCÂ ® certification, what are the specific eligibility requirements We recommend having an associate’s degree. Pay examination fee at the time of application submission. Maintain current membership with the AAPC. New members must submit membership payment with examination application. Renewing members must have a current membership at the time of submission and when exam results are released. All exams will be reported with exact scores and areas of study (65% or less).A CPC must have at least two years medical coding experience (members with an apprentice designation are not required to have two years medical coding experience.) Membership is required to be renewed annually and 36 Continuing Education Units (CEUs) must be submitted every two years for verification and authentication of expertise.

Net present value and other investment

Net present value and other investment Question 1 List the methods that a firm can use to evaluate a potential investment. The methods used to evaluate a potential investment of the firm are as follows Net present value(NPV) Internal rate of return(IRR) Profitability index(PI) Cash discounted flow Pay back period Accounting rate of return(ARR) Question 2 Why is the NPV a preferred method when evaluating a potential investment opportunity? Npv can be explained as the difference between the initial cost outlay and the present value of the future cash flows. The total present value of the yearly net cash flow is the Net present value. Net present value may be used to find the value or reliability of any investment and also to decide if it is far better than the other investments in the market. It is considered to be a potential investment if the NPV is positive a bad investment decision if the NPV turns out to be negative. Whereas, if the NPV is equal to â€Å"0† the decision is indifferent, it can be either accepted or rejected based on other alternates/factors. Question 3 What is the IRR? How is it related to the NPV? Is the IRR always an effective method when evaluating a potential investment opportunity, and why? IRR is the internal rate of return. It is very closely related to NPV, except for a fact that IRR uses only single discount rate, which serves as an advantage also a major limitation. It equally proportionates the discount rate of the present value of the future cash flows with the initial investment. However, IRR is not very effective when it comes to multiple cash flows (particularly with both positives negatives) IRR equates in between initial investment and the present value of future cash flows whereas NPV gives the difference between the initial cost outlay and the present value of the future cash flows. IRR illustrates the advantages of the project, and NPV decides the best investment opportunity than the other investments. Despite all cons, IRR is still a very popular approach to investment decision amongst managers for its simplicity also the fund managers prefer to see a percentage rather than a dollar value. Question 4 Using the article from the Sydney Morning Herald, discuss why John Whiteman, the senior portfolio manager at AMP Henderson, can be considered skilled in respect of his stock pickings. Why would it benefit fund managers to use discounted cash flows when picking stocks? As per the article on Sydney Morning Herald, John Whiteman his team were considered to be â€Å"skilled† for the following reasons- The DCF approach to picking stocks has always proved to be a successful option to John Whiteman. He claims that the DCF approach to working out todays share price, given the future cash flows of the business is the most efficient effective way to estimate the time value of money. Since the discount rate addresses the two main criteria involved in any investment (time value of money risk), the fund managers consider it to be very useful effective, despite all its complexities. Also the long term forecast(10 yrs ahead) coupled with the DCF approach has enabled the AMP Henderson team to make wise investment decision over the last few years. Discounting the future cash flows to todays dollar helps in knowing the stock worth/business value of the firm as on date. As we all know, a dollar today is worth more than a dollar tomorrow. The DCF approach once again proves the current value of the business is the most important aspect when it comes to investment decisions. Question 5 A firm that pays out 65% of its earnings as dividends has an accounting rate of return of 20%. Its P/E ratio is 10 and its earnings per share is 108 cents. What is the price per share? What is the dividend yield? If shares were bought, what would be the payback period? Assume the only return is the dividend. What is the net book value per share of the asset investment of the company? If the risk-adjusted required rate of return is 6%, what would be the NPV per share for buying shares? Would you buy shares using AROR or NPV? Chapter 11-Return, Risk and the Security Market Line Question 1 Discuss how risk is associated with the variances on an assets expected return. What are some of the factors that come into play with respect to changes in the price of a particular security in the market? Investment, risk return are closely related to each other. The higher the investment the risk the greater will be the return. All investment decision involves risk. The deviation is the difference between the actual the expected return and is directly proportional to the risk taken. Variance is the average squared deviation between the actual return and the average return In short; standard deviation is the square root of the variance. Question 2 What is risk with respect to investment? Identify the two types of risk and discuss each one. Which is the most important type of risk? Why can only one type of risk be mitigated or eliminated? Risk and investments are proportional, that it depends on the market strategic values, like the high risk you take the high returns you expect. Risks associated with individual assets, are of two types: Systematic risks Non-systematic risks Systematic risks are the risks which influence large number of assets may be to a greater or smaller extent. These risks influence market wide effects, so these are called market risks. Non-systematic risks are that affects a single asset or a small group of assets, as these risks are unique to individual companies or assets these are called as unique or asset-specific risks. Only one type of risk can be mitigated or eliminated, which is non-systematic risk, because these type of risks can be reduced or primarily avoided as it causes to a single asset or small group of them, but when you consider with systematic risk, it causes affect to the wide-range of assets or to an larger extent which couldnt be reduced or completely avoided. Question 3 What is beta? How does beta relate to systematic risk? Beta is a key component for the capital asset pricing model and is used to calculate the cost of equity or the risk involved. It is the covariance of the return of an individual stock with the market proxy portfolio return divided by the variance of the markets proxy return. A beta of 1 implies the asset has the same systematic risk as the overall market less/more than1 implies lesser/greater risk respectively. Question 4 What is the SML? What is the CAPM, and how does the SML relate to the beta coefficient? SML(Security Market Line) is the pictorial representation of the market equilibrium. The slope of the SML is based on the reward to risk ratio at SML the beta is always considered to be 1. A more risky stock will have a higher beta and will be discounted at a higher rate as opposed to the less sensitive stocks which will have lower betas and be discounted at a lower rate. CAPM is â€Å"Capital aaset pricing model† which is an equilibrium model of relationship between risk and return, the equation of the SML showing the relationship between the expected return and beta. Beta coefficient is the amount of systematic risk present in a particular risky asset relative to an average risky asset.we need the measuring level of systematic risk for different investments.The specific measurements that we use is called bets coefficient. Given below is the graphical representation of how SML relates to the beta coefficient. Question 5 Using the article from The Sydney Morning Herald, discuss how diversification is used to bring about a positive outcome for retail investors. Why do investment portfolios with different asset classes need to be continually monitored? What are some alternative asset classes that investors can diversify into? Diversification is that which reduces the risk,when into investing some assets will do very well,some will do very badly and most will perform upto expectations.Those which do very well will equivalate the very bad done assests minimising the risk with little variation to get the positive outcomes. Diversification reduces unsystematic risk,according to the Sydney Morning Herald diversification gives mostly with possible positive outcomes for the investment made which enhances the minimisal of the risks taken by the retail investors.However ,the risk of holding common stock cannot be completely eliminated by diversification. Asset classes is a group of investments that display similar characteristics viz., shares, bonds, property or cash rather than the same basket,which mitigates the risk involved in the investments. Question 6 Assume that you have the betas of all the companies listed on the ASX. Now you select 20 shares based on their betas and, by investing an equal amount in each share, you create a portfolio with a beta of 1.1. You make sure you select shares with betas ranging in value from 0.4 to 2.4. Is this likely to be an efficient portfolio? Is the portfolio likely to be well diversified? Is the portfolio likely to have much non-systematic risk? Question 7 Now your selection is based upon putting the company names into a hat and withdrawing 20. Revisit Question 6 with relation to this portfolio.

Basketball :: Art

Basketball An out-line of the event or sport A brief out line of basketball is it is a game played with a pumped round ball between two teams of five players each on a rectangular court. In professional or minor competition basketball is usually played indoors, but it does not need to be. Each team tries to score by shooting the ball through the other teams goal at each end of the court, above their heads. The goal is a round hoop and net called a basket. The team scoring the most such throws, through field goals or foul shots, wins the game. Equipment used You do not need a lot of equipment to play basketball all you need is a basketball, a court and one or two basketball rings. The basketball court is in a shape of a rectangle ranging in size from about 29 m by 15 m to about 22 m by 13 m. At each end of the court is a backboard placed behind the ring, measuring usually about 2 m by 1 m, this is also in a rectangular shape although in some collages in America it is more in a shape of this. Each normal rectangular backboard is about 2.7 m (about 9 ft) above the court. The baskets are attached firmly to the backboards about 3 m (about 10 ft) above the playing surface. Each basket is about 46 cm (about 18 in) in diameter and consists of a round hoop, or metal ring, from which a wide-meshed white net is hung. The regulation basketball is an inflated, leather- or nylon-covered sphere that weighs from 567 to 624 g (20 to 22 oz.) and has a circumference of about 76-cm (about 30 in). What is involved A conventional basketball team, which is directed by a coach, is made up of two forwards, two guards, and a center. The two forwards are usually the better of the shooters and are really quick. In the jump they both stand between the circle and the opponents basket. The two guards stand in the backcourt. The center, usually the tallest player on the team who stands inside a circle that has a radius of about 61 cm (about 24 in) and is located midway along a line painted across the center of the court. The game commences with the tip-off, when the referee tosses the ball into the air over the center circle, in which the opposing centers stand face to face.

Drop The Bomb? Essay -- essays research papers

U.S. History - Grech Atomic Bombs Dropped on Japan, Justified?   Ã‚  Ã‚  Ã‚  Ã‚  On August 6th and 9th of 1945 U.S. bombers dropped atomic bombs on the Japanese cities of Hiroshima and Nagasaki, causing utter destruction and many deaths. These bombs were dropped as the Pacific battles of World War II were coming to an end. Soon after Japan surrendered, ending the war. But, was the use of atomic warfare necessary? Was it too harsh and cruel to the Japanese? The first question was whether or not to drop a bomb. The effects of atomic warfare had not been known and studied, but it was apparent that it would be a good tool in ending the war. The first bomb did appear necessary to ending the war. It would put Japan in check to bring a quick finish to the fighting, saving many lives, as well as prevent the Russians from joining the Pacific War. The second on Nagasaki, however was obviously not. It was handled foolishly, in that the Japanese were not allowed enough time to surrender and it seemed like a big sick experiment. The United States of America was justified in dropping the atomic bomb on the island of Hiroshima, but not justified in doing the same to Nagasaki.   Ã‚  Ã‚  Ã‚  Ã‚  Throughout the war scientists had been involved in the notorious Manhattan Project, the production of the atomic bomb. In three years the U.S. was ready to test the first atomic bomb, and did in Alamogordo, New M...

Challenges faced by the Allies in their Germany Advance

The establishment of empires and the countries that exist today was not an easy undertaking. There were always battles associated with this, and this led to bloodshed and destruction of cities. The world has always had incidences of wars, which most of the times are initiated by the strong countries, as they try to win the smaller ones. From the colonization battles to the wars like the First and Second World Wars, there have always been defeats and conquests. Even the strongest leaders have at times surrendered because of the extremes of the war. However, those who win are also affected, as their conquest is most of the times associated with several difficulties. The advancing of the allies into Germany in 1945 will be discussed with close reference to the scale and the nature of the problems that they faced. The crossing of the Rhine The Allies had targeted Germany after they conquered in the Battle of the Bulge. All the citizens were aware that once the Allies set foot in Germany, it would be the end of war. However, the Allies faced great challenges from some fanatical Nazis; Hitler included. Throughout the second and third months of 1945, there was a great battle by the allies in a bid to pass the Siegfried lane. They were faced with a great problem because the Germans had set up antitank fortifications, artillery and pillboxes which stretched from the western German border. This was quite a big hindrance to the allies as they sought for the best way to enter Germany. Additionally, this was an area which was always manned by old men and young boys, so that they could ensure that no enemy passed that point. Since time immemorial, the allies had not had the ability to pass through the Siegfried Line because of these hindrances. However they managed to conquer this small town in 1945 through the use of gasoline aids (World War II, 2010). When they set in, they advanced to Cologne, which was considered as the major German city. However, they were faced with a challenge because the US Army commander referred to as General Dwight D. Eisenhower gave orders to the allied forces to instead advance towards Ruhr. This is after he had realized that if Berlin was captured, then the industrial machine of Germany could be destroyed. There was a conflict between the leaders because the desire of Churchill was for the allies to overcome Berlin, but Eisenhower ordered the Allies to advance towards the Ruhr after crossing the Rhine (World War II, 2010). Crossing the Rhine for the Allies was quite an achievement because for the past one hundred and forty years before this time, there is no single group which had successfully crossed it. Hitler considered the Rhine as one of the important symbols of Germany. The only time the Rhine was crossed successfully was during the times of Napoleon, in 1805. This is because all the people who tried to do so would be shot down (World War II, 2010). However, the allies succeeded crossing the Rhine, amidst the challenges, because all the bridges had been blown up to restrict their advance. This also happened before they managed to capture Cologne city. This was indeed a great challenge. They had to cross the Rhine on special bridge units, which were often segregated. They also went ahead and constructed a bridge whose depth was twelve miles and thirty five miles width. Even though they managed, all these crossings were most of the times on fire, which was lit by the German forces. All this happened before March 23, 1945 (World War II, 2010). The Allies had set up an undertaking referred to as Operation Varsity which took place in 1945. It was considered as the last operation of the allies in Europe, and although the allies conquered, they were still faced with challenges. The Germans had prepared themselves as there were anti aircrafts units which were set strategically against the allies. All the bridges were blown up again, and Hitler was unable to restrict the allies who had settled in the west. The Red army had targeted Berlin, and it set forth to the West (World War II, 2010). Blitzkrieg Since time immemorial, Germany had always been known for using the trick known as ‘Blitzkrieg’. This was also referred to as the lightning war. This was an operation which involved the constant use of mass planes which would be ordered to break through the defenses of the enemy on a very close range. The enemy could not be allowed at any moment to invade Germany. Ordinarily, the German forces would successfully surround the opposing troops, where they would be forced to surrender (USHMM, 2010). This trick had proved effective since in the previous years, Germany had defeated Poland, Belgium, France and the Netherlands. However, they had never managed to defeat Great Britain. The allied forces also faced the same challenge, as the Germans tried to oppose their entrance to their territory. However, the allied forces managed to cross the Rhine, and consequently, the Nazi Germany surrendered (USHMM, 2010). When the war had advanced, it reached a point where the Germans felt defeated and they were therefore looking for ways in which they could surrender. This was indeed what the allies wanted. However, it was not an easy task, as there was a major challenge. There were so many deaths associated with the march. The last important German unit, which was referred to as Army Group B has all its men surrender, which totaled to two hundred thousand on April 24. The Germans were trying their best to ensure that the refugees were not a distraction so that they could surrender to the Allies from the west. Therefore, there was a delay in the Germans surrendering as most of the refugees refused to give way (World War II, 2007). German secret dealings The allied forces were constantly attacked by the refugees. There were guards who were assigned so as to force the people to move away from the fighting ground. However, most of the refugees resisted the orders and as a result, there were so many deaths which resulted. The guards continued to kill these people secretly (World War II, 2007). There was the collaboration of the allies and the Russians on the concentration camps. However, they faced another challenge as the Germans had tried to conceal their crime by hiding the bodies of the people who had been killed. They were presented with very horrific facts, as there were very many corpses which had been piled in a large heap. This revealed how the Germans had continued killing the people. In one of the camps, referred to as the Ohrdruf Concentration Camp, all the civilians of this place were ordered by Eisenhower to see what used to happen in secret. This proved a great challenge to the Allies because they had to first search for all the guards that were hiding in all their ranks (World War II, 2007) As a result, the Gestapo officers and the guards realized that their dirty dealings had been revealed by the Allies. Therefore, they tried all they could so as to escape. However, most of them, including some Nazis of the high ranks were captured as they were escaping. Some of these included Fritz Von Papen, Herman Goering, and Albert Speer. There had looted art treasures which were later discovered. Additionally, there were very many hidden caches of jewelry and gold which were found in all parts of Germany. These had been stripped off from different countries and had been sent to Germany (World War II, 2007) Persecution of collaborators All the German leaders who tried to make secret alliances with the allies were persecuted and this was another problem that the allies encountered. One of these leaders was Heinrich Himmler, who tried to make a separate armistice with the allies from the west. However, he was too unfortunate because as soon as Hitler realized this, he ordered his soldiers to execute him. Additionally, Goering also tried to do the same, and even tried to take over from Hitler, but did not succeed. Therefore, the allies were in constant wrangle with Hitler as he never allowed any of his men to collaborate with them. All the same, this did not prevent the allies from excelling (World War II, 2007) When the then U. S. President, Franklin D. Roosevelt died Hitler had hopes, that this would affect the operations of the allies. However, this was not the case, as the allies continued with their resolve, unaffected by anything. As a result, Hitler became a very depressed man, and vowed to fight the allies the best he could. He started by ensuring that the sewers were flooded, in a bid to stop both the Russian and the Western allies to continue their advance in Germany. The allies were constantly threatened by his actions. However, his efforts proved fruitless because most of the people who were wounded and killed were the refugees. He set battles by moving trapped or nonexistent armies. All the commanders that defied his orders were executed. Even though he tried all this, the Allies still won the battle, and the Nazis surrendered (World War II, 2007). Conclusion Though the allies were faced with great challenges as they tried to invade Germany, they successfully won. However, they were constantly faced with the German attacks through the tricks that it had used over the years so as to defend itself from its enemies. Some of the leaders of the German armies collaborated with the allies so that they could defeat Hitler and his forces. Eventually, the might of the Allies only left Hitler a depress man, who even chose his successor before he committed suicide. References USHMM. (2010).World War II in Europe. Retrieved from http://www.ushmm.org/outreach/en/article.php?ModuleId=10007681 World War II. (2007).The German surrender April 25-May8, 1945. Retrieved from http://worldwar2database.com/html/germanysurrender.htm World War II. (2010). Crossing the Rhine. Retrieved from   http://worldwar2database.com/html/rhine.htm