Course Hero has millions of student submitted documents similar to the one below including study guides‚ practice problems‚ reference materials‚ practice exams‚ textbook help and tutor support. Course Hero has millions of student submitted documents similar to the one below including study guides‚ practice problems‚ reference materials‚ practice exams‚ textbook help and tutor support. 3: Chapter Product Costing and Cost Accumulation in a Batch Production Environment MULTIPLE CHOICE QUESTIONS
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UNIT 6 6.0 AGENCY 6.1 AN AGENT An agent is one who acts on behalf of another called the principal‚ with the express or implied authority of that person. Hence an agent incurs neither rights nor liabilities on contracts made on behalf of the principal. Also an agent need not be of full contractual capacity meaning that even a minor could be appointed as such‚ even though he principal has to be of full contractual capacity. 6.2 TYPES OF AGENTS Universal: appointed to handle the
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Credit Rating Agencies Credit rating agencies play a crucial role in the financial system‚ and played an important one in the events that led to its near-collapse in 2008. The business is dominated by three firms – Moody’s‚ Standard and Poor’s and Fitch Ratings -- whose job is to provide an objective analysis of the risk posed to investors by bonds‚ companies and countries. During the housing boom‚ the system broke down‚ as several billion dollars worth assets‚ later shown to be worthless‚ received
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What is the agency theory? Agency Theory is defined the branch of financial economics that looks at conflicts of interest between people with different interests in the same assets. This most importantly means the conflicts between: * shareholders and managers of companies. * shareholders and bond holders. The fact: Agency theory is rarely‚ if ever‚ of direct relevance to portfolio investment decisions. It is used to by financial economists to model very important aspects of how capital
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Case Study Case study methods involve Systematically gathering enough information about a particular person‚ social setting‚ event‚ or group to permit the researcher to effectively understand how it operates or functions. Case studies may focus on an individual‚ a group‚ or an entire community and may utilize a number of data technologies such as life stories‚ documents‚ oral histories‚ in-depth interviews‚ and participant observation. Types of case studies Stake (1995) suggests that researchers
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PJI Point of view We analyzed this case based on the point of view of the chairman of the board and chief executive officer of PJI that the privatization of the company from the standpoint of the government economic recovery should enjoy priority over the recovery of sequestered shares as ill-gotten wealth. Time Context As of March 31‚ 1988‚ the capital deficiency has been reduced to 92.7 million resulting from profitable operations and with a much improved liquidity position despite the heavy
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Refer notes - creation of agency ] 2. [ Refer notes - Duties of Agent to Principal ] 3. [ Refer notes - Duties of Principal to his Agent ] 4. 4 remedies available: Principal may repudiate the contract - Section 168 Contracts Act‚ 1950 Principal may recover the bribe from agent - Section 169 Contracts Act‚ 1950 Principal may refuse to pay commission to Agent Principal may dismiss agent for breach of duty 5. [ Refer notes - Termination of Agency ] 6. (a) 3 conditions:
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Home based childcare Natalie Davies Task 1.3 Sources of support Local authority Your local authority will have co-ordinators that will help to support people studying or working in early years. They will put you onto a pre-registration briefing to help you with the process. On the briefing they will also give information on the training they offer. The local authority will offer other training where necessary. E.g paediatric first aid‚ safe guarding. They also have a duty to provide EYFS training
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Abstract This case study highlights about the analysis of the problems‚ background‚ theories‚ and action plans. Before exploring Tucker Company‚ it is necessary to know the background including its past and present. It will be discussed further about the problems in Tucker Company that occurred when it reorganizing its company into 3 new divisions. The 3 new divisions are also known as 3 new product lines of Tucker Company. In the following point‚ it draws the relation among those problems with
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1) Objectives of the case: To understand and evaluate the dramatic rise and fall of the stock prices of the Web consultants‚ along with many others in the Internet sector‚ during the dot come bubble of 2000. It was question that boggled minds‚ as to how this could have happened in a relatively sophisticated capital market like that of the United States. To discuss the role of capital market intermediaries in the dot-com of 2000 and to check whether their incentives were properly aligned with their
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