buy products form the provider. There are other services offered by the travel agents for example insurance or car rental. For providing these products agents earn a commission. Usually it is about 10% but they often loose 1-2% on the plane tickets‚ hotel rooms or train tickets. The commission they get selling insurance can come up to 30% of the whole amount. Other services such as car hire can also bring more than standard 10%. Another way for travel agents to earn money is to accomplish ‘overrides’-
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The Computer Rental/Services Industry is a good investment for it has a good range of target market specially teens. According to my observations the internet café is one of the best businesses in the country‚ because it doesn’t require sizeable investments and can quickly be able to recover its capital. Based on what I have read on the feasibility‚ I think and agreed to myself that the proposed JL’S Internet Café will be successful due to its location‚ since they would build it in front of
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Law of Agency WHAT IS AN AGENCY? Sec 135 of Contract Act‚ agency is the relationships which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others. WHO CAN BECAME A PRINCIPAL OR AGENT? Any person who is 18 years old and above and who is of sound mind may be principal. As between the principal and third persons‚ any person can became an agent. BUT persons of unsound mind and who are below 18 years are not liable towards their
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Regulatory Agency Regulatory agencies are put in place to ensure that health care organizations and the providers within them promote safety‚ legal compliance‚ and quality care for patients. Regulating health care is vital because if health care organizations were not required to be accredited patients would not feel safe when seeking health care services. The Joint Commission on Accreditation of Healthcare Organizations otherwise known as JCAHO is a regulatory agency. The JCAHO “conducts periodic
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scholarly theory that other stakeholders should have some duties— towards the firm‚ in particular—should be a pleasant relief. However‚ key lessons for managers are that responsibilities towards the firm require that managers first conduct themselves morally; and that other stakeholder responsibilities often involve moral and citizenship duties requiring collective action‚ for which business leadership may be crucial. Mutual and joint responsibilities of stakeholders separate into four general
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the second wave in the positive theory of accounting‚ focuses among other things on agency theory. What is agency theory? Elaborate the components of agency costs as described by Jensen & Meckling (1976). Answer: Agency theory is based upon the more general contracting theory that the most cost effective form of organizing economic activity is through a firm based structure. Jensen & Meckling describe agency theory is a contract under one party (the principle) engages another party (agent)
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Unit 3 Tutorial Exercise Set 3A Calculating Probabilities Solutions can be found on page 6 1. Over a long period of time‚ the queue length of customers at the teller section of a major bank was observed to have the following probability distribution; Number in queue Probability 0 0.1 1 0.2 2 0.2 3 0.3 4 or more 0.2 Find the probability of a. At most two people in the queue. b. No more than three people in the queue. c. At least one person in the queue. d. Two or
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/1755-4179.htm Shareholder and stakeholder theory: after the financial crisis Terence Tse ESCP Europe‚ London‚ UK Abstract Purpose – The recent financial crisis has restarted the debate of the value of both shareholder and stakeholder theories. This paper aims to continue this discussion. Design/methodology/approach – The paper reviews existing literature and examines the benefits and problems associated
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Administration and Stakeholders factor Administration and Stakeholders factor A current study shown by the Health Resources and Services Administration (2004) confirmed that a variety of factors affect the demand and supply of direct-care in health care. These factors can be divided into two groups: policy controllers which they have important impact and exogenous factors‚ which policy makers have little or no control. Policy controls are recognized as; employee’s pay‚ behavior of employees‚ unionization
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How to put up a small car wash business Filed under FEATURES 0 Comments and 0 Reactions (First published in the Philippine Online Chronicles) By Ma. Rachel R. Yapchiongco A car is a valuable possession and a person who owns one often places great value on his vehicle. Many car owners take good care of their cars by keeping both interior and exterior components in good condition. To ensure that the car is in tip top shape‚ people bring their cars to the repair and service shop for routine
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