A Study On Advancing Entrepreneurial Skills And Abilities...

KEABETSWE PHUTHEGO 200903371 ELB 504 GUIDED STUDY IN BUSINESS EDUCATION TOPIC: ADVANCING ENTREPRENEURIAL SKILLS AND ABILITIES THROUGH THE USE OF SIMULATION GAMES IN SECONDARY SHOOL BUSINESS EDUCATION DUE DATE: 8 APRIL 2016 INTRODUCTION What can we as teachers do to influence our learners to become entrepreneurs? The government of Botswana has been over the years working tirelessly in trying to curb unemployment more especially among the youth, as well as motivating them to venture into different kinds of businesses as a way encouraging entrepreneurship and trying to diversify the country’s economy which is highly reliant on diamond exports. This includes among other things, coming up with initiatives such as the Youth Development Fund (YDF) which exists to fund youth businesses to help fight unemployment and poverty. One of the programs of late is the Economic Stimulus Package (ESP) which aims at up-skilling and up-scaling unemployed youth among one of its many mandates. Again, there is the Citizen Entrepreneurship Development Agency (CEDA) which aims at providing financial and technical assistance to citizens to develop their businesses (CEDA, 2016). Not only does CEDA offer financial assistance to developing businesses but also to already existing ones. What is more, it also offers training, mentorship and advisory services to new entrepreneurs as well as those that have been in the industry for a while. It is however worrisome how some of the youth businesses

MATH 533 Course Project Data AJ DAVIS - 1178 Words

A. Brief Introduction There are 50 credit customers who were selected for the data collection on five variables such as location, income, size, years, and credit balance. In order to understand more about their customer, AJ DAVIS must use graphical, numerical summary to be able to interpret and better expand their business in the future. B. Discuss your 1st individual variable, using graphical, numerical summary and interpretation A histogram shows the distribution of data within the Income. In this Histogram graph of Income, it shows that the graph is not symmetrical. This histogram graph has a wider bell shape form. The graph shows that this graph is more like two graph because there is a clear difference between income generating†¦show more content†¦With the 95% Confidence Interval for Mean, Median, and St Dev are as described above. This graph shows that the size of two people per household is much higher than others. E. Discuss your 1st pairing of variables, using graphical, numerical summary and interpretation Total Variable Location Count N N* CumN Percent CumPct Mean SE Mean TrMean Income ($1,000) Rural 13 13 0 13 26 26 37.54 2.24 37.27 Suburban 15 15 0 28 30 56 47.27 3.91 47.31 Urban 22 22 0 50 44 100 50.18 2.98 50.15 Sum of Variable Location StDev Variance CoefVar Sum Squares Minimum Q1 Income ($1,000) Rural 8.07 65.10 21.49Show MoreRelatedMath 533 Part C Essay2020 Words   |  9 PagesAugust 26, 2012 MATH 533 Course Project Part C Professor Khago Introduction: The following report displays regression and correlation analysis for AJ Davis Department Stores data on credit balance and size. We will use the data collected from 50 credit customers to complete the following analysis; * Generate a scatterplot for CREDIT BALANCE vs. SIZE, including the graph of the best fit line. Interpret. * Determine the equation of the best fit line, which describes the relationshipRead MoreGame Theory and Economic Analyst83847 Words   |  336 Pagesincluding photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data Game theory and economic analysis / [edited by] Christian Schmidt. p. cm. – (Routledge advances in game theory; 001) Includes bibliographical references and index. 1. Game theory. 2

Role of Methodology in Project Managing †MyAssignmenthelp.com

Question: Discuss about the Role of Methodology in Project Managing. Answer: Methodology The methodologies that are involved in project management include determining the tasks that are to be attempted and the proper way to utilize the resources and time (Joslin Mller, 2015). Methodologies give a synopsis about the task that is to do first, keeping in mind which task depends on the previous task. Strategies of risk management are also proposed by the project manager in a methodology. The scope of project, resources that are applicable, the exact time for the delivery of the project and the time constraint are defined in the methodology that is used in the project management (Marcelino-Sdaba et al., 2014). The guiding processes that are needed for project management are provided in methodologies. The project management methodologies are not tool specific. The enterprises project management and methodology are heavily associated. The project managers work is made easier by these methodologies. Methodology contains templates, guidelines and definitions of the activities th at are needed in successful delivery of the project (Kerzner, 2013). Role of methodology in managing the project are Implement a familiar language planning and communicating before starting the project work. Inspires proper planning and communication before the starting of a project work. Creates a way to manage the project more accurately. Helps to track the progress of the work helps standardize reporting. Directs to achieve a useful project which concludes institutional objectives. Methodology is constructed on a bunch of best practices that are studied over the past time. Different methodologies used in project methodologies Considering the scope and requirement of the project, there are numerous number of methods that are adapted to project management (Burke, 2013). The followings are the list of methodologies- Agile methodology- This methodology determines to allow teams, manage risk or change of the project and enhance involvement of customer. This method develops the team, monitors the project, changes them accordingly and continues communication throughout the project life cycle. Waterfall methodology- Goals are well established and life time of the project life cycle is also reduced in waterfall method. Different modules and aspects are given to different teams to reach the goal of the project. System Development Life Cycle (SDLC) - This concept is applied to a variety of software and hardware configuration (Snyder, 2014). A system can be made of only software or only hardware or a combination of both of them. Prince2- Prince2 is a methodology and certification programme who are qualified and accredited through training. Prince2 signifies unification of the projects into controllable and manageable stages. Project management body of knowledge- PMBK is a compilation of knowledge and processes which is accepted as the best practice for profession of project management (Turner, 2016). PMBK contributes fundamental of project management, disregarding of type of engineering, construction and automotive project. The comparison of PMBK and Prince2 are as follows. Project Management Book of Knowledge PRINCE2 Origin United States United Kingdom Accesses Worldwide Worldwide Administered by PMI APMG Definition An approach of knowledge based project management PRINCE2 is a process based management methodology. Purpose Depict wide range of methods and core practices that are applied to guide a project. A group of process management describing how and when the work is to be done and what should be done. PMBOK mainly focus on the role of project manager. In PRINCE2 character of all the members are properly defined in project. Dimension Not perspective Tailorable and perspective Conformation Certification takes a month or more to confirm. Certification usually gets confirmed within a week. PMBOK considers a project is given to a supplier and is paid for the project. PRINCE2 is a customers access to a project. PMBOK in life cycle of project Project Management Book of Knowledge mainly consists of five stages of process in project management. Initiation and conception of the project. Project planning and definition. Execution and launch of project. Performance and control of project. Closing of project. Prince2 in project life cycle The prince2 method consist of seven processes in project management Direction of a project. Starting a project. Project initiation. Stage boundaries management. Stage controlling. Product delivery management. Closing a project. Planning. References Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA. Joslin, R., Mller, R. (2015). Relationships between a project management methodology and project success in different project governance contexts.International Journal of Project Management,33(6), 1377-1392. Kerzner, H. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Marcelino-Sdaba, S., Prez-Ezcurdia, A., Lazcano, A. M. E., Villanueva, P. (2014). Project risk management methodology for small firms.International Journal of Project Management,32(2), 327-340. Snyder, C. S. (2014). A Guide to the Project Management Body of Knowledge: PMBOK () Guide. Project Management Institute. Turner, R. (2016).Gower handbook of project management. Routledge.

Contract - Loan and Capital Gain Tax Law Australian Tax Law

Question: Discuss about the Contract, Loan and Capital Gain Tax Law for Australian Tax Law. Answer: 1: Income from personal exertion means income from earnings, wages, commissions, fees, bonus, retiring allowances, superannuation allowances, and gratuities which an employee receives in relation to any service provided. Such income would be included in the income of an employee as per Section 393-10 of the Australian Income Tax Act. If the contract was as such Hilary would own the copyright of her story and would ultimately sell for $10,000 then the payment would not be regarded as payment made for services rendered. In the case of Brent v FCT (1971) 125 CLR 418, payment made was regarded as the sale for copyright.[1] But this case is completely different since The Daily Terror newspaper has told Hilary to write her story and then she would assign all her rights, interests and title in the copyrights for $10,000 to the newspaper. If Hilary had a business of selling articles then such payment would have been considered as ordinary income. But in this case she has never written any story before, and now she is doing it only because a newspaper agency has told her to do so. As per these assumptions the said payment of $10,000 which Hilary received from the newspaper would not be regarded as ordinary income. It would also not be taxed under Section 15-2 of the Income Tax Assessment Act 1997 since it was the payment for giving up the copyright. Instead it would be taxable under Capital Gains. The other two incomes which Hilary has earned would be considered as income from personal exertion. She received $5,000 from the Mitchell Library for selling manuscripts. While climbing mountain she had also took some photographs which she had sold for $2,000. These two incomes are considered under income from personal exertion. If she would have written her story for her own satisfaction then it would have been considered as income from personal exertion. 2: In the present case parent has given a housing loan to her son. The amount which was given as loan was $40,000. This loan was given without any formal agreement and even without giving any security. Since it was an informal agreement, parent told her son not give any interest as well. After the end of 5 years the loan was repaid by the son including interest. It was decided that no interest should be paid but still son repaid the full amount including interest. The interest paid by the son was equal to 5% pa on the amount borrowed. There was no part payment made by the son, instead at the end of 5 years a single cheque was presented by him to his parent. As per the Australian Income tax act, the said agreement between the parent and son would not be regarded as a contract since there was no formal agreement between them. It is assumed that they had an oral agreement that no interest should be paid on the loan. But inspite of this son at the end of 5 year repaid the full amount includ ing interest. Now this is considered as an income of the parent. But this amount was not at all discussed at the time when agreement was made. Since the amount was not at all discussed and as per the Australian Taxation Law the said income received by the parent would not be considered as an income of the parent.[2] The total amount received by the parent at the end of 5 year would also not be considered as income of the parent since it was a loan which is repaid to the parent. 3: As per Australian Taxation Law capital gain tax would not apply if a capital asset is bought before 20th September 1985. In the given case Scott is an accountant who had purchased a vacant block of land in Brisbane on 1st October 1980. On 1st September 1986 he had also built a house for which construction costs $60,000. At the time of construction value of the land was $90,000. After the construction was completed the whole property was given on rent. Then on 1st March Scott sold the entire property for auction for $800,000. Now since Scott has sold his property it would attract capital gain tax.[3] Part a) Scott is an individual who has let out his property on rent and then in March he had sold his property for $800,000. After the construction of the property Scot didnt stayed there, instead he had rented out his property. In this case any capital gain arising from such situations would be exempt under the Temporary Absence Rule. But such case would only apply when the property is sold within six years. But in Scott case property is not sold within six years. But still he would be exempt from paying capital gain tax since his property was purchased before September 1985.[4] Part b) In this case Scott has sold his property to his daughter for $200,000. In this case capital gain tax would be attracted since property is sold to the relative. Amount on which tax needs to be charged would be ($200,000 - $150,000) = $50,000. Capital gain tax would be 50% of $50,000 = $25,000 Part c) In this case property was owned by the company instead of Scott. Exemption provision was only applicable on individuals and not on company. Company needs to pay capital gain tax on it. References Aussie Home Loans | Mortgages | Loan | Personal Loans Australia' (Aussie.com.au, 2016) https://www.aussie.com.au/ accessed 20 August 2016 Barnet Jade - Find Recent Australian Legal Decisions, Judgments, Case Summaries For Legal Professionals (Judgments And Decisions Enhanced)' (Jade.io, 2016) https://jade.io/j/?a=outlineid=66285 accessed 20 August 2016 Exemptions | Australian Taxation Office' (Ato.gov.au, 2016) https://www.ato.gov.au/General/Capital-gains-tax/CGT-exemptions,-rollovers-and-concessions/Exemptions/ accessed 20 August 2016 Guide G, 'Taxes Are High In Australia' (Global Property Guide, 2016) https://www.globalpropertyguide.com/Pacific/Australia/Taxes-and-Costs accessed 20 August 2016 [1] Barnet Jade - Find Recent Australian Legal Decisions, Judgments, Case Summaries For Legal Professionals (Judgments And Decisions Enhanced)' (Jade.io, 2016) https://jade.io/j/?a=outlineid=66285 accessed 20 August 2016 [2] Aussie Home Loans | Mortgages | Loan | Personal Loans Australia' (Aussie.com.au, 2016) https://www.aussie.com.au/ accessed 20 August 2016 [3] Exemptions | Australian Taxation Office' (Ato.gov.au, 2016) https://www.ato.gov.au/General/Capital-gains-tax/CGT-exemptions,-rollovers-and-concessions/Exemptions/ accessed 20 August 2016 [4] Guide G, 'Taxes Are High In Australia' (Global Property Guide, 2016) https://www.globalpropertyguide.com/Pacific/Australia/Taxes-and-Costs accessed 20 August 2016