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Activity Ii F

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Business
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University of the Cumberlands
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Sochi Olympics—what’s the Cost of National Prestige?
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Instructor’s name
Course
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Activity II:
Question 1
No, I can't entirely agree with the above statement. Since the government funds the prestige
projects, the government uses funds collected from the public taxes to finance the project.
Olympics is a significant event in a country that attracts more tourists, creating an adequate
opportunity for the government to collect more revenue. Hence, the government should focus on
all activities that will raise its revenue collection. Also, the government should ensure the
development of active rules to protect the collected taxes and ensure all people entitled to taxes
pay their taxes.
Moreover, the government should focus on developing more attractive Olympics stadiums
for tourists to increases the level of revenue collected. Sochi experienced higher spending than the
final price was estimated to be over $50B toward Olympic Games, which greatly impacted the
nation's economy. This impact was a result of questionable, sub-tropical locations for the Games
that politicians highly influenced (Kresova & Prutz, 2014). The other impact that leads to the
increased spending is corruption during construction of Games infrastructure, roads, and buildings
contributed to high price tags. Hence, the government should ensure effective use of the revenue
collected from tourists in improving the country-specific projects. The government should
implement active measures to control public funds and eliminate all corruption instances that
contribute to the embezzlement of funds.
Question 2
Truly, project success is based on effective achievement on the project schedule, budget,
performance, and customer satisfaction. The developed budget is important in preparing all the

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1 Sochi Olympics—what’s the Cost of National Prestige? Your name Instructor’s name Course Date of submission 2 Activity II: Question 1 No, I can't entirely agree with the above statement. Since the government funds the prestige projects, the government uses funds collected from the public taxes to finance the project. Olympics is a significant event in a country that attracts more tourists, creating an adequate opportunity for the government to collect more revenue. Hence, the government should focus on all activities that will raise its revenue collection. Also, the government should ensure the development of active rules to protect the collected taxes and ensure all people entitled to taxes pay their taxes. Moreover, the government should focus on developing more attractive Olympics stadiums for tourists to increases the level of revenue collected. Sochi experienced higher spending than the final price was estimated to be over $50B toward Olympic Games, which greatly impacted the nation's economy. This impact was a result of questionable, sub-tropical locations for the Games that politicians highly influenced (Kresova & Prutz, 2014). The other impact that leads to the increased spending is corruption during construction of Games infrastructure, roads, and buildings contributed to high price tags. Hence, the government should ensure effective use of the revenue collected from tourists in improving the country-specific projects. The government should implement activ ...
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