INDUSTRIAL ATTACHMENT REPORT: A CASE STUDY OF AGRIQUIP AGENCIES (E.A) LTD BY Aron A REPORT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DIPLOMA IN MANAGEMENT (BUSINESS MANAGEMENT OPTION) SUBMITTED TO THE KENYA INSTITUTE OF MANAGEMENT FEBRUARY 2014 DECLARATION Declaration by the student This report is my original work
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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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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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Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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Researching National Cultures: a comparison of Japanese and Australian national cultures Introduction In an increasingly global world‚ people will inevitably find themselves working within and across cultures. The national culture in which a person identifies with and is immersed in‚ has been proven to have a profound impact on an individual’s values and behaviours‚ this in-turn impacts on understanding of other . An ability to discern and understand potential variances in culture‚ without adopting
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Australian Stereotypes – Are they really what they are assumed to be? Stereotyping the Australians has always been a common practice by people all around the world. In fact‚ Australia has been classified as one of the most stereotyped nations in the world due to the sense that much of the international community believes that they have a solid understanding regarding Australian society‚ despite the fact that their beliefs bear little similarities to the realities of Australian life in the 21st Century
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Analysis of the case Unilever Australian Petone is a striking example of the up-to-date managed company which implements the modern management techniques to keep up with the times. New principles and techniques such as JIT and ECR allow the company to be more effective to satisfy the customer demand‚ to decrease the ‘waste’ costs including time‚ resource and materials. At the same time the usage of these techniques involves the thorough understanding and proper implementation of sophisticated methods
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Gulliver’s Travels INTRODUCTION Gulliver’s Travels (1726‚ amended 1735)‚ officially Travels into Several Remote Nations of the World‚ in Four Parts. By Lemuel Gulliver‚ is a novel by Irish writer and clergyman Jonathan Swift .This novel is considered both a satire on human nature and a parody of the “fictional travelogues’ tales" literary sub-genre. It is Swift’s best known full-length work‚ and a classic of English literature. The book became tremendously popular as soon as it was published
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Gulliver’s Travels is a satire of England’s government in the early 1700s. Gulliver’s Travels was written by Jonathan Swift. During the late 1600s to early 1700s Swift took part in politics. Swift was not treated well by most politicians. Noticing all of the corruption and abuse of power around him‚ Swift decided to write a book based on the corruption of England’s government. The abuse of power becomes a recurring theme throughout Gulliver’s Travels. Part I of Gulliver’s Travels reveals the
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INTRODUCTION Travel Literature is travel writing of literary value. This genre is also called ‘Travel Record Literature’. Travel literature typically records the experiences of an author touring a place for the pleasure of travel. An individual work is sometimes called a travelogue or itinerary. Travel literature may be cross-culture or transnational in focus‚ or may involve travel to different regions within the same country. Accounts of spaceflight may also be considered travel literature. Literary
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