The agency theory deals with agency problems resulting from conflicts of interest that may emerge in contractual relationships when parties are differently informed or uncertain. The main objective of agency theory is to explain how contracting parties design contracts to minimize the costs associated with such problems. Agency theory also underscores the existence of market and institutional mechanisms that complete contracts to reduce these problems. Agency theory upon two key concepts: asymmetric
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Indonesian Blends Barli Bram Sanata Dharma University Yogyakarta‚ Indonesia barli@usd.ac.id Abstract This paper examines Indonesian blends like asdos (ASisten DOSen‚ respectively meaning ’assistant lecturer ’) "lecturer assistant" and wako (WAli KOta ’guardian city ’) "mayor". Even though this topic has‚ to a certain extent‚ been discussed under a different heading called "acronym"‚ for instance by Dardjowidjojo (1979)‚ it will prove beneficial to look into the patterns of this morphological
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Business Ethics Paper – Exploitation of Need By: Jason Briggs In Ciulla’s article: “Exploitation of Need” (pgs. 171-173)‚ she argues the notion that as long as your place of work is freely chosen by yourself‚ then it is an acceptable form of work. Ciulla also states that it is a continual myth that people actually have equal freedom in the work they choose to take. Personally‚ I would go as far to say that it is indeed a fact that people don’t have equal freedom in their choices of work.
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Muhammad and his followers fled from Mecca to Medina in 622. In Medina‚ Muhammad’s Meccan followers and converts from Medina formed a single community of believers‚ the umma. During the last decade of Muhammad’s life‚ the umma in Medina developed into the core of the Islamic state that would later expand to include all of Arabia and lands beyond in Africa‚ Europe‚ the Middle East‚ and Central Asia. Muhammad’s father-in-law Abu Bakr took over leadership of the umma as the successor (caliph) of Muhammad
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Why it’s important to secure your gear? The dictionary states that the meaning of the word accountability is “the state of being accountable‚ liable‚ or answerable”. This means to me that if I don’t hold accountability for all my gear than I am not doing my duty as a soldier. Holding accountability for my gear is important for many different reasons in fact. For one if anything were to happen to my gear I am held sole responsible for it. Also if it is stolen or ruined for my lack of accountability
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Moreover‚ another predominant factor as to why the state should remain to have a role in employment relations‚ and so businesses can’t set their own terms and conditions of work for their employees‚ is because there is a significant exploitation of temporary migrant workers and their entitlements. Migrant workers are mistreated in multiple ways for their efforts as an employee. These can encompass of no workers compensation if they were injured in hazardous working conditions and also unsatisfactory
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Prejudice and discrimination Prejudice as defined by John E Farley is “that prejudice refers to a positive or a negative attitude or belief directed toward certain people based on their membership in a particular group. The root word of prejudice is pre-judge. It is a set of attitudes which causes‚ supports‚ or justifies discrimination”. (Farley‚ 2000‚ p18). There are three components of prejudice which describe the different elements associated with it. Affectual one’s inner feeling which
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materials so that it has been widely used in coating‚ paint‚ rubber‚ abrasive‚ ceramics‚ ore‚ coal‚ metal powder‚ hard alloy‚ magnetic materials and other materials. Generally speaking‚ there are two methods used in the coal exploitation: over ground and underground exploitation. The choice of different mining methods id determined by the geography conditions‚ coal hierarchy and the sea filling project. Opening mining is often restricted by the protection of original geography so that the underground
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Macbeth’s supernatural scenes explained In today’s rational and scientifically explainable world‚ it would be hard for us to believe in supernatural intervention in our every day lives unlike during the times of the Shakespearean plays. In Shakespeare’s Macbeth‚ there are three examples of this kind of thing: one with the witches‚ one with a ghost of a best friend‚ and one with the a few apparitions. In the first nonrational scene three old dirty hags (witches) are discussing where they
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Prejudice and discrimination is still very evident today in Australian Society. ‘’In Australia‚ a society created on the basis of racial division and superiority‚ the ugly face of prejudice and discrimination is unsurprisingly‚ still very evident today.’’ (Kerry Deligiannis‚ 2011) In 2011‚ Kerry Deligiannis stated that prejudice and discrimination is still evident in Australian society. While Australia espouses the ideas of multiculturalism‚ in truth‚ racial division and superiority can be seen
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