...Should College Athletes Get Paid Ever wonder if college athletes should be paid? A debate that comes up every year is that if college athletes should be paid or should not be paid. College athletes should not be paid for these three reasons: college tuition should be enough money, the NCAA is a non-profit organization, and the college athletic departments will not be able to afford to pay the players. z College athletes get a scholarship and free tuition which costs enough so they do not need to get paid. College tuition is a lot of money and most out-of-state public schools cost around $23,000. If the athlete would go to a private out-of-state school it normally cost around $32,000. That is a ton of money to have just handed to you so you can play sports. “Essentially they receive a...
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...sources as internal and external. Internal sources of finance Internal sources of finance are the funds readily available within the organization. Internal sources of finance consist of: * Personal savings * Retained profits * Working capital * Sale of fixed assets Personal savings This is the amount of personal money an owner, partner or shareholder of a business has at his disposal to do whatever he wants. When a business seeks to borrow the personal money of a shareholder, partner or owner for a business’s financial needs the source of finance is known as personal savings. Retained profits Retained profits are the undistributed profits of a company. Not all the profits made by a company are distributed as dividends to its shareholders. The remainder of the profits after all payments is made for a trading year is known as retained profits. This remainder of finance is saved by the business as a back-up in times of financial needs and maybe used later for a company’s development or expansion. Retained profits are a very valuable no-cost source of finance. Working capital Working capital refers to the sum of money that a business uses for its daily...
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...Rewards and incentives in company have benefits for both employees and employers. When performance and productivity was recognized, employees have increased high morale, job gratification and involvement in business function. However, the best ways to motivate employees is a controversial and complex issue. Incentive and rewards can be both Financial and Nonmonetary. A number of researcher has reported that the key to organization people to show their high efficiency is to provide employee an incentive or rewards. An examination of the research reveals a variety of perspective. Some researcher argue that financial incentive and rewards increase employee motivation and engagement more than use nonmonetary programs. Whilst, others researcher suggest that nonmonetary incentive and reward can lead higher performance. It is argued that nonmonetary are more effective on employee performance. The distinction between reward and incentive will not add to the above thesis and will therefore not be discuss in this essay. In the workplace employees need some motivation incentives to improve their performance and productivity. However, motivation is complex and people are not all motivated in the same way because people have different desire, different attention and different background so they also have different individual motivational. There are those who are motivated intrinsically, which means bring motivated by internal inspiration or individual feeling depend on person. When...
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...everyday aspects of the corporation being ran with precision. So what happens when an organization is not ran financially like a corporation yet deals with almost the same kind of aspects? A non-profit organization can be one of the trickiest functions of business as well as be the hardest type to run on the grounds of the underhandedness that it can usually entail. While it may not come with the great financial payday, running a successful non-profit often requires twice the effort, time that it would take, as well as encouragement to run a successful multi-platform business or corporation. Non-profit organizations are for people who are passionate about a specific cause along with willing to sacrifice financial benefits in order to ensure the ultimate goal which usually is assisting the common good of the public. Although like any other businesses, some non-profit organizations have to deal with fraudulent activity as well as money hungry individuals. Non-Profit Organization So what exactly is a non-profit organization? The word non-profit invokes many sentiments that would often turn many inquirers in today’s money hungry society. However, there are many benefits affiliated with a non-profit organization both financial and otherwise. First let us properly define the term non-profit organization. According to UMUC library search a definition...
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...control) 4 2、Progress（Action control） 5 ①Between Rosemary and the non-instructor manager: 5 ②Among the manager, instructors and clients: 5 ③A whistle-blower program 6 3、Motivation and punishment (Result control) 6 Since Private Fitness Inc. is located in an upscale community and provides specific classes to customers, each instructor is valuable and we think Rosemary should forgive Kate and still employ her as an instructor. But Kate is not qualified for the manager position because what she did is a serious ethical problem. Rosemary should hire a non-instructor manager outside, considering the risk we analyzed that a person take instructor and manager position at the same time. For the solution, our group first made a risk assessment and according to this, we will give details in the later part of the article. Objectives of Private Fitness Inc. First, we should identify the overall objective of the Private Fitness Inc., which is a small entity with only 5 employees, is to operate at a profit. Second, we need identify that the problem that Rosemary need to face with is to resolve the fraud made by Kate, which both contributes to the dishonesty and motivation of herself and the available chance to make use of. Risk assessment: 1、Current situation First of all, Rosemary had to decide if she should fire Kate or not. Let us make an assessment. The risk of forgiving her: She may steal money again and break rules, even destroy the club. The risk of firing her:...
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...people bring in money for an organization, but do not get paid themselves. This scenario is true for college athletes. They put in work every week and end up bringing in money for the school that they attend. Athletes take countless hours every day to train for their sport. The main sports, mainly men’s college basketball and football, end up making money. College athletes should get paid because they bring in money for the college, acting as representatives of the school. College athletes spend about forty hours per week dedicated to their sport. Athletes have to go to practices, attend film room, and train every single day. This compares to people in the actual workforce because they get paid on a forty hour work week. Therefore, college athletes are basically working the same amount as those do in the workforce. Also, on top of time dedicated to their sport, athletes also have to focus on education, which is another eight to ten hours a week of class time and additional studying and homework on top of that. In addition to long weeks, paying college athletes would help them manage their money. Whether they end up going pro or not, they still need a sense of how to manage their money once they are out of college and on their own. They would know how to save additional money and make smart decisions on what to use their...
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...dollar industry and has been for a very long time. Due to the increasing ratings of college athletics, this figure will continue to rise. College athletes should get paid to play for many reasons. First of all, college athletes bring in millions of dollars through merchandise and games. Then most of the athletes that have the opportunity to leave school and turn professional do so, because college athletes live in near poverty. Thirdly, if college athletes aren’t allowed to work how can they afford necessary expense if they come from poor families? College athletes bring in millions of dollars to their schools. For example, the University of Miami received about 8 million dollars for the Miami Hurricanes playing in the Nokia Sugar Bowl. The apparel also brings in a lot of money by selling hats, footballs, and jerseys. Also the Orange Bowl holds over 60,000 people and they sell tickets at an average of 20 dollars each. Therefore, players should receive some of this money because without them the schools wouldn’t receive all the money and popularity. Second, college athletes live in near poverty because the money they receive isn’t enough to pay for all of the expenses. The few athletes that graduate from college, that could turn professional before their senior year, stay because their parents support them by sending money. If college athletes are eligible to be paid, there would be more athletes graduating. Paying athletes would be good for everyone and players would go for an education...
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...The Business Environment Many new businesses get started with the best intentions in mind, yet they fail to change with the fast moving business environment which causes them to not be in business very long. This paper examines the business environment and its impact on the economy. First, this paper describes the role of business in the economy. It compares and contrasts the roles of for-profit and non-profit organizations in the economy and discusses the impact of current fiscal and monetary policies on the economy. Also, it outlines a strategy to access global markets. Finally, it discusses the impact of a company’s level of social responsibility on a stakeholder. The Role of Business Businesses are the engine of the economy. Businesses rely on the factors of production, which include four fundamental resources; natural resources, capital, human resources, and entrepreneurship (Kelly & McGowen, 2010). There are five key dimensions that will help determine if the economy will worsen or prosper. These five dimensions include the following environment: technological, competitive, global, social, and economical. For Profit and Non-Profit Organizations Comparison There are many similarities of for profit and non-profit organizations. Both types of organizations provide products or perform services, employ staff, and receive revenue. These organizations also contribute the region’s economic growth and stability (Kelly & McGowen, 2010). Contrast There...
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...2012 ABSTRACT This paper is going to describe the business environment in the world today explaining the role of business in the economy, for-profit and non-profit organizations, fiscal and monetary policies, accessing the global market, and social responsibility to a stakeholder group. Although there are many different types of businesses in the world today, they all hold the same functions in the economy; to use the factors or production in the best possible way to reach a certain market supplying goods and services to an economy in search of profit. I used the Business 100 book along with credited sources to get information for this paper. My methods for finding information came from chapters one through four in the Business 100 book and searching key words on the internet. I concluded that the role of business in the economy is very important to how an economy progresses or declines. Business does this by operating by fiscal and monetary policy in the country and accessing global markets in search of new outlets worldwide all while pleasing the stakeholders in every category. Inside every economy there are factors that participate in how that economy succeeds or fails. Business is one factor that plays a major role in any economy. Without business there essentially is no economy. Whether it is for profit or non-profit, business can contribute to an economy’s development with the factors of production, adapting to fiscal and monetary policy, accessing global markets...
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...1a) choose a campaign issue and state the objectives you want from the campaign and how these address citizenship issues. As a class we chose the topic Water Aid for our campaign through a voting system where the whole class decided on which topic to campaign for. This issue is important because Water Aid is an organization which doesn’t only try to supply clean and safe water to over 748 million people who don’t have access to it (Statistics gained from: http://www.wateraid.org/uk/what-we-do/the-crisis/water) but it also helps people in over 27 countries build facilities/pumps where fresh – and most importantly clean – water can be accessed from a much shorter distance. Also Water Aid helps with sanitation, general hygiene and basic medical training so that people in lesser developed countries can gain the will and stability to provide for them and not rely on more developed countries for aid. Hopefully with help from Water Aid many more people will not die of easily treatable diseases such as diarrhoea and other water-related diseases. Access to clean water and safe sanitation is an issue globally because over 2.5 billion people around the world don’t have access to adequate sanitation, that’s one in three of the world’s population (statistic from http://www.wateraid.org/uk/what-we-do/the-crisis/statistics). This shows that the issue Water Aid faces is an important and global one because of how many countries actually suffer from not having these basic necessities. It...
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...expanded their business as the company has now began to sell different types of goods such as electronics, cloths, toys and etc. This means Tesco has now got more people to come into the supermarket for a reason to buy goods. The other business I will be looking at is Oxfam. Oxfam is an international charity. Its aim is to find ways to stop poverty from happening in places like Africa and Asia. They do this by getting people to donate money clothes and money which will then get off loaded to countries in Africa, Asia and even to the poor people in Europe. The organisation ‘Oxfam’ was established in the UK on 1942 at 17 Bond Street in Oxford. The business has been going for 73 years and since then the organisation has helped over a million people all over the world who are suffering. In business there are two types of companies. One is a profit making business (like Tesco) and the other one is a non-profit making business (like charities such as Oxfam). The term profit making business means the business objective is to make money whereas the term non-profit making business means the business doesn’t really care about making profit. Charities such as Oxfam employees are mostly people who volunteered to take the job. The organisation aim is to also offer services instead of making...
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...some never get that chance. Competing at the next level is a very exciting journey. For some kids playing a sport in college is the only way they can afford an education. The big controversial issue is should college athletes be paid. This quote from Elissa Cordrey is very meaningful to college athletics because it isn’t all about the money: If the child is playing for the sake of a scholarship, and not for love of the game, be careful, she warned. Keep your eyes wide open. It's not high school athletics. In some ways, it's really exciting. But if your child's not passionate, you are going to have a lot of teary phone calls’” (Holland, Kelley Holland, and John W. Schoen). The dedication and passion athletes need to play...
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...This is a report on the goal: The goal of a firm is to make money. Everything done in the firm must be in pursuit of this goal. The firm can be thought of as a system. Throughput is the rate at which said system makes money through sales (not production – if something is produced but not sold, it should not count as throughput). Inventory is all the money that the system invested in purchasing the products it intends to sell. Operational expense is all the money that the system spends to turn inventory into throughput. Alternatively expressed, the goal is to increase throughput while simultaneously reducing both inventory and operational expense. A series of dependent events is one in which every event depends on the one before it. Series of dependent events, when combined with statistical fluctuations, result in proesses that cannot be predicted precisely. A local optimum is created when a single process in the operation is optimised. Often, pursuing local optima makes it harder to attain the global optimum for the system. ‘‘A system of local optimums is not an optimum system.’’ For example, imagine a two-person process in which A places stuffing on pitas and B rolls and wraps shawarmas for the customer. If A can process pitas at the rate of 9 per minute and B can only wrap 5 per minute, then keeping A working at full capacity (local optimum) results in the work-in-progress of unwrapped shawarmas increasing (at the rate of 4 per minute) without increasing throughput (since...
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...house. Those three examples show that terrorists, insurgents and criminals often use violence in their acts. The first difference between terrorist, insurgent, and criminal is their target. The target of terrorist is random; they attack both combatant and non-combatant or civilians. They attack people randomly because they do not have a specific target; they just want to terror the civilians and spread the feeling of fear and it is enough for them if people already fear. The example is the terrorists act in Bali in 2002, they do not see whether it is combatant or non-combatant, they attack both. The target of insurgent is the combatant. Combatant is like police, or army that can fight in a war. Insurgents can see which one is combatant and which one is civilians. The example is the rebellion group named DI/TII, RMS (Republik Maluku Selatan), and GAM (Gerakan Aceh Merdeka). The target of criminals is anyone that fit to their purpose. They will not think whether it is combatant or non-combatant. The example is the Angeline murder case in Bali and the robbery in Pulomas, Jakarta. In the Angeline’s case, her step mother is upset to her, so she decided to kill Angeline. In the robbery case, the suspect or the criminal is need money, so they rob the house in Pulomas, and kill the...
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...live in poverty. The world population today stands at about 6.6 billion people and is expected to grow to at least 9.2 billion by the year 2050” (Leisinger, 2007). Giving to non-profit organizations not only helps United States citizens, but people all over the world. Without individuals, large corporations, and small businesses donating to nonprofit organizations the poverty population will only increase. What is a Small Business? “To be considered a small business on average the company has to have no more than 500 employees, and the most any small business can have is 1,500 employees (U. S. Small Business Administration, 2014).” When people think about small businesses, they think of the mom and pop stores within their community. However, small businesses are the majority of whom customers give their business. “According to the United States Small Business Administration’s (SBA) Office of Advocacy, 99.7 percent of all U.S. firms are small businesses (Cooper, 2012).” What is a Nonprofit Organization? A non-profit organization is an organization whose efforts are driven to generate a profit for a chosen cause. Non-profit organizations can be classified into five central categories: trade associations, charitable organizations, social clubs, government groups, and political groups” (Starting a Non-Profit Organization). How much is Donated to Nonprofit Organizations Annually? A study done in the year 2013 reveals that approximately 316.23 billion dollars were donated...
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