Walt Disney World
The Walt Disney World Resort called Walt Disney World and Disney World, is an entertainment complex in Bay Lake and Lake Buena Vista, Florida, in the United States, near the cities Orlando and Kissimmee. Opened on October 1, 1971, the resort is owned and operated by Disney Parks and Products, a division of The Walt Disney Company, it was first operated by Walt Disney World Company. The property, which covers nearly 25,000 acres, only half of, used, comprises four theme parks, two water parks, twenty-seven themed resort hotels, nine non-Disney hotels, several golf courses, a camping resort, other entertainment venues, including the outdoor shopping center Disney Springs. Designed to supplement Disneyland, in Anaheim, which had opened in 1955, the complex was developed by Walt Disney in the 1960s. "The Florida Project", as it was known, was intended to present a distinct vision with its own diverse set of attractions. Walt Disney's original plans called for the inclusion of an "Experimental Prototype Community of Tomorrow", a planned community intended to serve as a test bed for new city-living innovations.
Walt Disney died on December 1966, during construction of the complex. Without him spearheading the construction, the company built a resort similar to Disneyland, abandoning the experimental concepts for a planned community. Magic Kingdom was the first theme park to open in the complex, in 1971, followed by Epcot, Disney's Hollywood Studios, Disney's Animal Kingdom. Today, Walt Disney World is the most visited vacation resort in the world, with average annual attendance of more than 52 million; the resort is the flagship destination of Disney's worldwide corporate enterprise and has become a popular staple in American culture. In 1959, Walt Disney Productions began looking for land to house a second resort to supplement Disneyland in Anaheim, which had opened in 1955. Market surveys at the time revealed that only 5% of Disneyland's visitors came from east of the Mississippi River, where 75% of the population of the United States lived. Additionally, Walt Disney disliked the businesses that had sprung up around Disneyland and wanted more control over a larger area of land in the next project.
Walt Disney flew over a potential site in Orlando, Florida – one of many – in November 1963. After witnessing the well-developed network of roads and taking the planned construction of both Interstate 4 and Florida's Turnpike into account, with McCoy Air Force Base to the east, Disney selected a centrally-located site near Bay Lake. To avoid a burst of land speculation, Walt Disney World Company used various dummy corporations to acquire 30,500 acres of land. In May 1965, some of these major land transactions were recorded a few miles southwest of Orlando in Osceola County. In addition, two large tracts totaling $1.5 million were sold, smaller tracts of flatlands and cattle pastures were purchased by exotically-named companies such as the "Ayefour Corporation", "Latin-American Development and Management Corporation" and the "Reedy Creek Ranch Corporation". Some are now memorialized on a window above Main Street, U. S. A. in Magic Kingdom. The smaller parcels of land acquired were called "outs".
They were 5-acre lots sold to investors. Most of the owners in the 1960s were happy to get rid of the land, swamp at the time. Another issue was the mineral rights to the land. Without the transfer of these rights, Tufts could come in at any time and demand the removal of buildings to obtain minerals. Disney's team negotiated a deal with Tufts to buy the mineral rights for $15,000. Working in secrecy, real estate agents unaware of their client's identity began making offers to landowners in April 1964 in parts of southwest Orange and northwest Osceola counties; the agents were careful not to reveal the extent of their intentions, they were able to negotiate numerous land contracts with some including large tracts of land for as little as $100 an acre. With the understanding that the recording of the first deeds would trigger intense public scrutiny, Disney delayed the filing of paperwork until a large portion of the land was under contract. Early rumors and speculation about the land purchases assumed possible development by NASA in support of the nearby Kennedy Space Center, as well as references to other famous investors such as Ford, the Rockefellers, Howard Hughes.
An Orlando Sentinel news article published weeks on May 20, 1965, acknowledged a popular rumor that Disney was building an "East Coast" version of Disneyland. However, the publication denied its accuracy based on an earlier interview with Disney at Kennedy Space Center, in which he claimed a $50 million investment was in the works for Disneyland, that he had no interest in building a new park. In October 1965, editor Emily Bavar from the Sentinel visited Disneyland during the park's 10th-anniversary celebration. In an interview with Disney, she asked him if he was behind recent land purchases in Central Florida, his reaction, combined with other research obtained during her Anaheim visit, led Bavar to author a story on October 21, 1965, where she predicted that Disney was building a second theme park in Florida. Three days after gathering more information from various sources, the Sentinel published another article headlined, "We Say:'Mystery Industry' Is Disney". Walt Disney had planned to publicly reveal Disney World on November 15, 1965, but in light of the Sentinel story, Disney asked
Universal Declaration of Human Rights
The Universal Declaration of Human Rights is a historic document, adopted by the United Nations General Assembly at its third session on 10 December 1948 as Resolution 217 at the Palais de Chaillot in Paris, France. Of the 58 members of the United Nations, 48 voted in favor, none against, eight abstained, two did not vote; the Declaration consists of 30 articles affirming an individual's rights which, although not binding in themselves, have been elaborated in subsequent international treaties, economic transfers, regional human rights instruments, national constitutions, other laws. The Declaration was the first step in the process of formulating the International Bill of Human Rights, completed in 1966, came into force in 1976, after a sufficient number of countries had ratified them; some legal scholars have argued that because countries have invoked the Declaration for more than 50 years, it has become binding as a part of customary international law. However, in the United States, the Supreme Court in Sosa v. Alvarez-Machain, concluded that the Declaration "does not of its own force impose obligations as a matter of international law."
Courts of other countries have concluded that the Declaration is not in and of itself part of domestic law. The underlying structure of the Universal Declaration was introduced in its second draft, prepared by René Cassin. Cassin worked from a first draft, prepared by John Peters Humphrey; the structure was influenced by the Code Napoléon, including a preamble and introductory general principles. Cassin compared the Declaration to the portico of a Greek temple, with a foundation, four columns, a pediment; the Declaration consists of a preamble and thirty articles: The preamble sets out the historical and social causes that led to the necessity of drafting the Declaration. Articles 1–2 established the basic concepts of dignity, liberty and brotherhood. Articles 3–5 established other individual rights, such as the right to life and the prohibition of slavery and torture. Articles 6–11 refer to the fundamental legality of human rights with specific remedies cited for their defence when violated. Articles 12–17 established the rights of the individual towards the community.
Articles 18–21 sanctioned the so-called "constitutional liberties", with spiritual and political freedoms, such as freedom of thought, opinion and conscience, peaceful association of the individual. Articles 22–27 sanctioned an individual's economic and cultural rights, including healthcare. Article 25 states: "Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing and medical care and necessary social services." It makes additional accommodations for security in case of physical debilitation or disability, makes special mention of care given to those in motherhood or childhood. Articles 28–30 established the general ways of using these rights, the areas in which these rights of the individual can not be applied, that they can not be overcome against the individual; these articles are concerned with the duty of the individual to society and the prohibition of use of rights in contravention of the purposes of the United Nations Organisation.
During World War II, the Allies adopted the Four Freedoms—freedom of speech, freedom of religion, freedom from fear, freedom from want—as their basic war aims. The United Nations Charter "reaffirmed faith in fundamental human rights, dignity and worth of the human person" and committed all member states to promote "universal respect for, observance of, human rights and fundamental freedoms for all without distinction as to race, language, or religion"; when the atrocities committed by Nazi Germany became apparent after World War II, the consensus within the world community was that the United Nations Charter did not sufficiently define the rights to which it referred. A universal declaration that specified the rights of individuals was necessary to give effect to the Charter's provisions on human rights. In June 1946, the UN Economic and Social Council established the Commission on Human Rights, comprising 18 members from various nationalities and political backgrounds; the Commission, a standing body of the United Nations, was constituted to undertake the work of preparing what was conceived as an International Bill of Rights.
The Commission established a special Universal Declaration of Human Rights Drafting Committee, chaired by Eleanor Roosevelt, to write the articles of the Declaration. The Committee met in two sessions over the course of two years. Canadian John Peters Humphrey, Director of the Division of Human Rights within the United Nations Secretariat, was called upon by the United Nations Secretary-General to work on the project and became the Declaration's principal drafter. At the time, Humphrey was newly appointed as Director of the Division of Human Rights within the United Nations Secretariat. Other well-known members of the drafting committee included René Cassin of France, Charles Malik of Lebanon, P. C. Chang of the Republic of China. Humphrey provided the initial draft. According to Allan Carlson, the Declaration's pro-family phrases were the result of the Christian Democratic movement's influence on Cassin and Malik. Once the Committee finished its work in May 1948, the draft was further discussed by the Commission on Human Rights, the Economic and Social Council, the Third Committee of the General Assembly before being put to vote in December 1948.
During these discussions many amendments and propositions were made by UN Member States. British re
National Park Service
The National Park Service is an agency of the United States federal government that manages all national parks, many national monuments, other conservation and historical properties with various title designations. It was created on August 25, 1916, by Congress through the National Park Service Organic Act and is an agency of the United States Department of the Interior; the NPS is charged with a dual role of preserving the ecological and historical integrity of the places entrusted to its management, while making them available and accessible for public use and enjoyment. As of 2018, the NPS employs 27,000 employees who oversee 419 units, of which 61 are designated national parks. National parks and national monuments in the United States were individually managed under the auspices of the Department of the Interior; the movement for an independent agency to oversee these federal lands was spearheaded by business magnate and conservationist Stephen Mather, as well as J. Horace McFarland. With the help of journalist Robert Sterling Yard, Mather ran a publicity campaign for the Department of the Interior.
They wrote numerous articles that praised the scenic and historic qualities of the parks and their possibilities for educational and recreational benefits. This campaign resulted in the creation of a National Park Service. On August 25, 1916, President Woodrow Wilson signed a bill that mandated the agency "to conserve the scenery and the natural and historic objects and wildlife therein, to provide for the enjoyment of the same in such manner and by such means as will leave them unimpaired for the enjoyment of future generations." Mather became the first director of the newly formed NPS. On March 3, 1933, President Herbert Hoover signed the Reorganization Act of 1933; the act would allow the President to reorganize the executive branch of the United States government. It wasn't until that summer when the new President, Franklin D. Roosevelt, made use of this power. Deputy Director Horace M. Albright had suggested to President Roosevelt that the historic sites from the American Civil War should be managed by the National Park Service, rather than the War Department.
President Roosevelt issued two Executive orders to make it happen. These two executive orders not only transferred to the National Park Service all the War Department historic sites, but the national monuments managed by the Department of Agriculture and the parks in and around the capital, run by an independent office. In 1951, Conrad Wirth became director of the National Park Service and went to work on bringing park facilities up to the standards that the public expected; the demand for parks after the end of the World War II had left the parks overburdened with demands that could not be met. In 1952, with the support of President Dwight D. Eisenhower, he began Mission 66, a ten-year effort to upgrade and expand park facilities for the 50th anniversary of the Park Service. New parks were added to preserve unique resources and existing park facilities were upgraded and expanded. In 1966, as the Park Service turned 50 years old, emphasis began to turn from just saving great and wonderful scenery and unique natural features to making parks accessible to the public.
Director George Hartzog began the process with the creation of the National Lakeshores and National Recreation Areas. Since its inception in 1916, the National Park Service has managed each of the United States' national parks, which have grown in number over the years to 60. Yellowstone National Park was the first national park in the United States. In 1872, there was no state government to manage it, so the federal government assumed direct control. Yosemite National Park began as a state park. Yosemite was returned to federal ownership. At first, each national park was managed independently, with varying degrees of success. In Yellowstone, the civilian staff was replaced by the U. S. Army in 1886. Due to the irregularities in managing these national treasures, Stephen Mather petitioned the federal government to improve the situation. In response, Secretary of the Interior Franklin K. Lane challenged him to lobby for creating a new agency, the National Park Service, to manage all national parks and some national monuments.
Mather was successful with the ratification of the National Park Service Organic Act in 1916. The agency was given authority over other protected areas, many with varying designations as Congress created them; the National Park System includes. The title or designation of a unit need not include the term park; the System as a whole is considered to be a national treasure of the United States, some of the more famous national parks and monuments are sometimes referred to metaphorically as "crown jewels". The system encompasses 84.4 million acres, of which more than 4.3 million acres remain in private ownership. The largest unit is Wrangell-St. Elias National Park and Preserve, Alaska. At 13,200,000 acres, it is over 16 percent of the entire system; the smallest unit in the system is Thaddeus Kosciuszko National Memorial, Pennsylvania, at 0.02 acre. In addition to administering its units and other properties, the National Park Service provides technical and financial assistance to several "affiliated areas" authorized by Congress.
The largest affiliated area is New Jersey Pinelands National Reserve at 1,164,025 acres. The smallest is Benjamin Franklin National Memorial at less than 0.01 acres. Although all units of the Nat
Leisure has been defined as a quality of experience or as free time. Free time is time spent away from business, job hunting, domestic chores, education, as well as necessary activities such as eating and sleeping. Situationist International proposes that leisure does not evolve from free time, free-time is an illusory concept, fully "free". Most people's leisure activities are not a free choice and may be constrained by social pressures, e.g. people may be coerced into spending time gardening by the need to keep up with the standard of neighbouring gardens or go to a party because of social pressures. Leisure as experience emphasizes dimensions of perceived freedom and choice, it is done for the quality of experience and involvement. Other classic definitions include Thorsten Veblen's of "nonproductive consumption of time." Different disciplines have definitions reflecting their common issues: for example, sociology on social forces and contexts and psychology as mental and emotional states and conditions.
From a research perspective, these approaches have an advantage of being quantifiable and comparable over time and place. Leisure studies and sociology of leisure are the academic disciplines concerned with the study and analysis of leisure. Recreation differs from leisure in that it is a purposeful activity that includes the experience of leisure in activity contexts. Economists consider that leisure times are valuable to a person like wages that they could earn for the same time spend towards the activity. If it were not, people would have worked instead of taking leisure. However, the distinction between leisure and unavoidable activities is not a rigidly defined one, e.g. people sometimes do work-oriented tasks for pleasure as well as for long-term utility. A related concept is social leisure, which involves leisurely activities in social settings, such as extracurricular activities, e.g. sports, clubs. Another related concept is that of family leisure. Relationships with others is a major factor in both satisfaction and choice.
Leisure has been the privilege of the upper-class. Opportunities for leisure came with more money, or organization, less working time, rising in the mid to late 19th century, starting in Great Britain and spreading to other rich nations in Europe, it spread as well to the United States, although that country had a reputation in Europe for providing much less leisure despite its wealth. Immigrants to the United States discovered. Economists continue to investigate. In a recent book, Laurent Turcot argues that leisure was not created in the 19th century but is imbricated in the occidental world since the beginning of history. In Canada, leisure in the country is related to the decline in work hours and is shaped by moral values, the ethnic-religious and gender communities. In a cold country with winter's long nights, summer's extended daylight, favorite leisure activities include horse racing, team sports such as hockey, roller skating and board games; the churches tried to steer leisure activities, by preaching against drinking and scheduling annual revivals and weekly club activities.
By 1930 radio played a major role in uniting Canadians behind their local or regional hockey teams. Play-by-play sports coverage of ice hockey, absorbed fans far more intensely than newspaper accounts the next day. Rural areas were influenced by sports coverage. Leisure by the mid 19th century was no longer an individualistic activity, it was organized. In the French industrial city of Lille, with a population of 80,000 in 1858, the cabarets or taverns for the working class numbered 1300, or one for every three houses. Lille counted 63 drinking and singing clubs, 37 clubs for card players, 23 for bowling, 13 for skittles, 18 for archery; the churches have their social organizations. Each club had a long roster of officers, a busy schedule of banquets and competitions; as literacy, ease of travel, a broadened sense of community grew in Britain from the mid 19th century onward, there was more time and interest in leisure activities of all sorts, on the part of all classes. Opportunities for leisure activities increased because real wages continued to grow and hours of work continued to decline.
In urban Britain, the nine-hour day was the norm. The movement toward an eight-hour day. Furthermore, system of routine annual vacations came into play, starting with white-collar workers and moving into the working-class; some 200 seaside resorts emerged thanks to cheap hotels and inexpensive railway fares, widespread banking holidays and the fading of many religious prohibitions against secular activities on Sundays. By the late Victorian era, the leisure industry had emerged in all British cities, the pattern was copied across Western Europe and North America, it provided scheduled entertainment of suitable length and convenient locales at inexpensive prices. These include sporting events, music halls, popular theater. By 1880 football was no longer the preserve of the social elite, as it attracted large working-class audiences. Average gate was 5,000 in 1905, rising to 23,000 in 1913; that amounted to 6 million paying customers with a weekly turnover of £400,000. Sports by 1900 generated some three percent of the total gross national product in Britain.
Professionalization of sports was the norm, although some new activities reached an upscale amateur audience, such as lawn tennis a
Outdoor recreation or outdoor activity refers to recreation engaged in out of doors, most in natural settings. The activities themselves — such as fishing, hunting and horseback riding — characteristically determine where they are practiced, they are pursued variously for enjoyment, challenge, spiritual renewal, an opportunity to partake in Nature. Though the activities are inherently lean to sports they nonetheless do not all demand that a participant be an athlete, competition is less stressed than in individual or team sports organized into opposing squads in pursuit of a trophy or championship; when the activity involves exceptional excitement, physical challenge, or risk, it is sometimes referred to as "adventure recreation" or "adventure training", rather than an extreme sport. Other traditional examples of outdoor recreational activities include hiking, mountaineering, canoeing, kayaking, rock climbing, sailing, sky diving and surfing; as new pursuits hybrids of prior ones, they gain their own identities, such as coasteering and fastpacking.
Outdoor recreation consists of a range of various outdoor activities. Although many are considered sports, participants need not associate with teams, competitions or clubs. Activities include backpacking, canyoning, climbing, hill walking, hunting and rafting. Arguably, broader groupings include water sports, snow sports, horseback riding; the outdoors as a physical or social setting may meet the needs of physical health, self-sufficiency, risk-taking, the building of social ties, the needs of achievement. The outdoors can be an environment in which people "show what they can do". Pleasurable appreciation encourages experiences of being "let in on nature's show". Enhancement of inner perceptual and/or spiritual life may be experienced through outdoor activities and outdoor-related activities such as nature study, aesthetic contemplation, painting, archeological or historical research, indigenous culture among others; these activities may be physically rewarding. Outdoor activities may be pursued for the purposes of finding peace in nature, enjoying life, relaxing.
They are alternatives to expensive forms of tourism. Outdoor activities are frequently used as a medium in education and team building. Trekking is about enjoying a great walking holiday. Treks can be day hikes, extended hikes. An example of a day trek is hiking during the day and returning at night to a lodge for a hot meal and a comfortable bed. Trekking can be more enjoyable when undertaken while being physically fit. Physical preparation for trekking includes cycling, swimming and long walks. To ensure the safest experience possible it is a good idea to have some form of experience with basic survival skills, first aid, orienteering when going for extended hikes or staying out overnight. It's expected that backpackers leave no trace while enjoying the outdoors; the activity of mountain biking involves steering a mountain cycle over rocky tracks and around boulder-strewn paths. To tackle the trails, the requirements are stamina and a strong mountain cycle. Mountain bikes or ATBs feature a rugged fork.
Their frames are built of aluminum so they are lightweight and stiff, making them efficient to ride. Many styles of mountain biking are practiced, including all mountain, trials, dirt jumping, trail riding, cross country; the latter two are the most common. Balance, core strength, endurance are all physical traits that are required to go mountain biking. Riders need bike handling skills and the ability to make basic repairs to their bikes. Advanced mountain bikers attempt technical descents as well as some of the more intense styles of mountain biking, such as down hilling and free riding. Canyoning is an activity which involves climbing, descending and trekking through canyons; the sport involves both caving and climbing techniques. When people mention canyoning they are referring to descents that involve rope work, down-climbing, or jumps that are technical in nature. Canyoning is done in remote and rugged settings and requires navigational, route-finding and other wilderness skills. University outdoor recreation programs are becoming more popular in the United States.
Universities offer indoor rock climbing walls, equipment rental, ropes courses and trip programming. A few universities give degrees in adventure recreation, which aims to teach graduates how to run businesses in the field of adventure recreation. Along with hands-on training on activities included in adventure recreation, basic courses needed for any business, such as accounting, are required to obtain a degree; the UK house of commons' Education and Skills Committee supports outdoor education. The committee encourages fieldwork projects since it helps in the development of ‘soft’ skills and social skills in hard to reach children; these activities can take place on school trips, on visits in the local community or on the school grounds. An outdoor enthusiast is a gender-neutral term for a person; the terms outdoorsman and woodsman have been used to describe someone with an affinity for the outdoors. Some famous outdoor enthusiasts include U. S. president Teddy Roosevelt, Robert Baden-Powell, Ernest Hemingway, Ray Mears, Bear Grylls, Doug Peacock, Richard Wiese, Kenneth "Speedy" Raulerso
Entertainment is a form of activity that holds the attention and interest of an audience, or gives pleasure and delight. It can be an idea or a task, but is more to be one of the activities or events that have developed over thousands of years for the purpose of keeping an audience's attention. Although people's attention is held by different things, because individuals have different preferences in entertainment, most forms are recognisable and familiar. Storytelling, drama and different kinds of performance exist in all cultures, were supported in royal courts, developed into sophisticated forms and over time became available to all citizens; the process has been accelerated in modern times by an entertainment industry that records and sells entertainment products. Entertainment evolves and can be adapted to suit any scale, ranging from an individual who chooses a private entertainment from a now enormous array of pre-recorded products; the experience of being entertained has come to be associated with amusement, so that one common understanding of the idea is fun and laughter, although many entertainments have a serious purpose.
This may be the case in the various forms of ceremony, religious festival, or satire for example. Hence, there is the possibility that what appears as entertainment may be a means of achieving insight or intellectual growth. An important aspect of entertainment is the audience, which turns a private recreation or leisure activity into entertainment; the audience may have a passive role, as in the case of persons watching a play, television show, or film. Entertainment can be public or private, involving formal, scripted performance, as in the case of theatre or concerts. Most forms of entertainment have persisted over many centuries, evolving due to changes in culture and fashion for example with stage magic. Films and video games, for example, although they use newer media, continue to tell stories, present drama, play music. Festivals devoted to music, film, or dance allow audiences to be entertained over a number of consecutive days; some activities that were once considered entertaining public punishments, have been removed from the public arena.
Others, such as fencing or archery, once necessary skills for some, have become serious sports and professions for the participants, at the same time developing into entertainment with wider appeal for bigger audiences. In the same way, other necessary skills, such as cooking, have developed into performances among professionals, staged as global competitions and broadcast for entertainment. What is entertainment for one group or individual may be regarded as work by another; the familiar forms of entertainment have the capacity to cross over different media and have demonstrated a unlimited potential for creative remix. This has ensured the continuity and longevity of many themes and structures. Entertainment can be distinguished from other activities such as education and marketing though they have learned how to use the appeal of entertainment to achieve their different goals. Sometimes entertainment can be a mixture for both; the importance and impact of entertainment is recognised by scholars and its increasing sophistication has influenced practices in other fields such as museology.
Psychologists say the function of media entertainment is "the attainment of gratification". No other results or measurable benefit are expected from it; this is in contrast to marketing. However, the distinctions become blurred when education seeks to be more "entertaining" and entertainment or marketing seek to be more "educational"; such mixtures are known by the neologisms "edutainment" or "infotainment". The psychology of entertainment as well as of learning has been applied to all these fields; some education-entertainment is a serious attempt to combine the best features of the two. Some people are entertained by the idea of their unhappiness. An entertainment might produce some insight in its audience. Entertainment may skillfully consider universal philosophical questions such as: "What is the meaning of life?". Questions such as these drive many narratives and dramas, whether they are presented in the form of a story, play, book, comic, or game. Dramatic examples include Shakespeare's influential play Hamlet, whose hero articulates these concerns in poetry.
Novels give great scope for investigating these themes. An example of a creative work that considers philosophical questions so entertainingly that it has been presented in a wide range of forms is The Hitchhiker's Guide to the Galaxy. A radio comedy, this story became so popular that it has appeared as a novel, television series, stage show, audiobook, LP record, adventure game and online game, its ideas became popular references and has been tran
A budget is a financial plan for a defined period one year. It may include planned sales volumes and revenues, resource quantities and expenses, assets and cash flows. Companies, governments and other organizations use it to express strategic plans of activities or events in measurable terms. A budget is the sum of money allocated for a particular purpose and the summary of intended expenditures along with proposals for how to meet them, it may include a budget surplus, providing money for use at a future time, or a deficit in which expenses exceed income. A budget is a quantified financial plan for a forthcoming accounting period. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms. In summary, the purpose of budgeting tools: Tools provide a forecast of revenues and expenditures, that is, construct a model of how a business might perform financially if certain strategies and plans are carried out.
Tools enable the actual financial operation of the business to be measured against the forecast. Lastly, tools establish the cost constraint for program, or operation; the budget of a company is compiled annually, but may not be a finished budget requiring considerable effort, is a plan for the short-term future allows hundreds or thousands of people in various departments to list their expected revenues and expenses in the final budget. If the actual figures delivered through the budget period come close to the budget, this suggests that the managers understand their business and have been driving it in the intended direction. On the other hand, if the figures diverge wildly from the budget, this sends an'out of control' signal, the share price could suffer. Campaign planners incur two types of cost in any campaign: the first is the cost of human resource necessary to plan and execute the campaign; the second type of expense that campaign planners incur is the hard cost of the campaign itself.
A budget is a fundamental tool for an event director to predict with a reasonable accuracy whether the event will result in a profit, a loss or will break-even. A budget can be used as a pricing tool. There are two basic philosophies, when it comes to budgeting. One approach is telling you on mathematical models, the other on people; the first school of thought believes that financial models, if properly constructed, can be used to predict the future. The focus is on variables and outputs, drivers and the like. Investments of time and money are devoted to perfecting these models, which are held in some type of financial spreadsheet application; the other school of thought holds that it's not about models, it's about people. No matter how sophisticated models can get, the best information comes from the people in the business; the focus is therefore in engaging the managers in the business more in the budget process, building accountability for the results. The companies that adhere to this approach have their managers develop their own budgets.
While many companies would say that they do both, in reality the investment of time and money falls squarely in one approach or the other. The budget of a government is a summary or plan of the intended revenues and expenditures of that government. There are three types of government budget: the operating or current budget, the capital or investment budget, the cash or cash flow budget; the budget is prepared by the Treasury team led by the Chancellor of the Exchequer and is presented to Parliament by the Chancellor of the Exchequer on Budget Day. It is customary for the Chancellor to stand on the steps of Number 11 Downing Street with his or her team for the media to get photographic shots of the Despatch Box prior to them going to the House of Commons. Once presented in the House of Commons it is debated and voted on. Minor changes may be made however with the budget being written and presented by the party with the majority in the House of Commons, the Whips will ensure that it is passed as written by the Chancellor.
The federal budget is prepared by the Office of Management and Budget, submitted to Congress for consideration. Invariably, Congress makes substantial changes. Nearly all American states are required to have balanced budgets, but the federal government is allowed to run deficits; the budget is prepared by the Budget Division Department of Economic Affairs of the Ministry of Finance annually. The Finance Minister is the head of the budget making committee; the present Indian Finance minister is Arun Jaitley. The Budget includes supplementary excess grants and when a proclamation by the President as to failure of Constitutional machinery is in operation in relation to a State or a Union Territory, preparation of the Budget of such State; the first budget of India was submitted on 18 February 1869 by James Wilson. James Wilson is known as the father of Indian budget; the Philippine budget is considered the most complicated in the world, incorporating multiple approaches in one single budget system: line-item and zero-based budgeting.
The Department of Budget and Management prepares the National Expenditure Program and forwards it to the Committee on Appropriations of the House of Representatives to come up with a General Appropriations Bill. The GAB will go through voting. After both houses of Congress approves the GAB, the Presid