1. ‘An agency relationship exists when one or more individuals (called principals) hire others (called agents) in order to delegate responsibilities to them’ (Baiman (1990: 342)) Agency relationships are administrated by implicit or explicit contracts between agents and principals. The assumption of agents’ self – interest which contradicts with the principals’ interest is the basis of the agency problem. According to Alawattage and Wickramasinghe‚ agency theory suggests two fundamental reasons
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"the disparity (gap) between rich and poor" - sample writing The asigment is this : The following data highlights the disparity (gap) between rich and poor. In at least two paragraphs‚ addressing the problem and a possible solution‚ compose a response to the following excerpt from US president Jimmy Carter’s Nobel Prize Speech: At the beginning of this new millennium I was asked to discuss‚ here in Oslo‚ the greatest challenge that the world faces. Among all the possible choices‚ I decided
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market personal care product. ITC ’s shampoo brand‚ Fiama di Wills is in the premium segment‚ that’s growing faster at 44%‚ compared to 21% for the overall market. Interestingly‚ ITC didn’t introduce a new brand name for its shampoo. Instead it has opted for a brand extension of its two year old‚ super premium range of personal care products‚ Essenza di Wills. But unlike Essenza that was available at ITC hotels and Wills Lifestyle stores‚ Fiama di Wills shampoos will be stocked at retail stores across
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CHAPTER 3 The Competitive Environment Learning Objectives Upon completing this chapter‚ you should be able to: Identify the structural characteristics of the environment faced by the firm and how these drivers influence both competition and value creation Choose the appropriate level of specificity in environmental analysis‚ depending on the locus of the decision-making group Predict how changes occurring in the environment might influence future competition and value creation Incorporate understanding
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CHAPTER 3. ROLE OF TRANSPORTATION IN SOCIETY NPTEL May 7‚ 2007 Chapter 3 Role of transportation in society 3.1 Overview Transportation is a non separable part of any society. It exhibits a very close relation to the style of life‚ the range and location of activities and the goods and services which will be available for consumption. Advances in transportation has made possible changes in the way of living and the way in which societies are organized and therefore have a great in uence in
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They are some difference between a replenishment philosophy and a requirements philosophy. The Inventory replenishment refers to the way an organization puts into place adequate procedures and methodologies to prevent shortages in its sales and production processes. Consistent stock deficits ultimately may generate losses‚ because production workers wouldn’t have the necessary resources to finish batches and factories would come to a halt. Replenishment tactics often focus on internal or external
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LOISUJAKI SIWANDETI Subject Code: 5621 Subject Name: NATIONAL AND INTERNATIONAL LOGISTICS Class: Msc PROCUREMENT AND SUPPLY CHAIN MANAGEMENT Date: 05TH‚ December‚ 2011 Time: 2000HRS INSTRUCTIONS 1. There is ONE question in this paper. 2. Use Times New Roman font type and 12 font size throughout. 3. Use A4 paper‚ at least 8 PAGES excluding appendices and references. Question One (Term Paper) a. Supply Chains are inherently complex
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1. WHAT ARE THE SPECIAL TRADE TERMS? Export sales transactions usually embody trade terms which are not customary in the home trade. These trade terms have been developed by international mercantile custom and have simplified the sale of goods abroad. They are in universal use in trade transactions but care must be taken as they may be interpreted differently in different countries and their meaning may be modified by agreement of the parties‚ the custom of a particular trade or the usage prevailing
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The difference between bacteria‚ viruses‚ fungi and parasites are: Bacteria are single celled organisms that can rapidly multiple themselves every 10 minutes up to 10 times each bacterial cell‚ but they do not live or reproduce in a human cell. When threatened they will make a copy of their DNA to enable them to come back to life in the right conditions. They are able to survive in most extreme living conditions including with and without oxygen‚ there are various types of bacteria such as Cocci/Coccus
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International Trade and World Output BUS230 Unit 2 Individual Project Antoinette R. Hillary AIU Online September 11‚ 2010 Abstract International trade is the exchange of products around the world through imports and exports that allows consumers around the world to obtain products and services that they cannot obtain in their own countries. If international trading between countries was to stop each country would suffer many losses which would be explained in this paper. The Relation between Trade
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