PROBLEMS WITH THE AGENCY RELATIONSHIP If you are the sole owner of a business‚ you make the decisions that affect your own well-being. But what if you are a financial manager of a business and you are not the sole owner? In this case‚ you are making decisions for owners other than yourself; you‚ the financial manager‚ are an agent. An agent is a person who acts for—and exerts powers of—another person or group of persons. The person the agent represents is referred to as the principal. The relationship
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Agency problem and its solutions Introduction Principal-agent relationship occurs when a principal contracts an agent. The principal hires the agent to perform a service for him or to act on his behalf. For example‚ in a large corporation‚ shareholders would hire managers to help them to organize the company in dairy business. However‚ agency problems may arise because of the conflict interest and asymmetry information between principals and agents‚ which lead to agency costs. In this essay‚
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Factors that may lead to abusive situations Everyone can be victims of abusive behaviour. There are many factors that may lead to abusive situations‚ it could be physical that are seen clearly‚ some are hidden and some are emotional that the victim needs to talk to someone about. Abuse may be a single act or many acts. It can occur in any relationship and may be the result of deliberate intent‚ ignorance or neglect. It may be a criminal offence‚ such as rape‚ assault or theft. (http://myway.trafford
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This is called trait theory b)A crisis or important event may cause a person to rise to the occasion‚ which brings out extraordinary leadership qualities in an ordinary person. This is the great events theory. c)People can choose to become leaders through the learning of leadership skills. This is the transformational
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A competitive market is it is both unable to influence the price of its product and the firm takes as given the price of its product set by supply and demand in the market. When a firm is in the competitive market the only way it is going to survive is to have market power. If a firm has market power then it can set its own price‚ which is called a price setter. The characteristics of a competitive market for a firm are when there a large number of small firms to compete with. Each firm sells the
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of three parts: ID: This is the part of the personality that is instinctive and follows the needs of the body i.e a baby crying for feeding because they need to be fed‚ no matter how tiring or annoying the caregiver may be. Ego: This is the ‘planning’ part of a personality‚ the part that works out what is needed and how to get it. A child waiting to be given a biscuit rather than just taking one for example‚ has worked out that his needs are going to be met either way but if he waits‚ he will probably
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dominating another smaller country. The four motives of imperialism are Nationalism- is pride in one’s country‚ Economic Competition- is trying to be the most wealthy‚ European Racism- Europeans believing they are better‚ and Missionary Impulse- trying to convert one’s religion. For imperialism to occur the country needs a purpose. Whether it be Racism or money or even trying to convert someone religion. Those are the things I will be talking about and describing how these occurred and give examples. Economic
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QUESTION 2 INTRODUCTION Agency theory is a model that explicate why performance or judgment differ when display by member of a group. Specifically‚ it explains the connection between the party‚ called the principal that delegates work to another‚ called the agent. It clarify their dissimilarity in performance or judgment by noting that the two parties regularly have different goals and‚ independent of their respective goals‚ may have unusual manner toward threat. In another words‚ it can be also
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surprise. While it has become a way of life for some‚ others know very little about it and may be unlikely to learn. Eventually we will have a palarised society and this will lead to serious social problems. To what extent do you agree with this agreement? In recent years‚ IT age has far-reaching influenced a large number of people. It cannot be denied that IT could lead to some serious social problems and paralsing society. I agree with this statement to a certain extent and I will outline
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Task 8: Explain how disability may affect development Disability can take many forms and is a serious risk factor when it comes to child development. A disabled child be it physical or learning is likely to have less opportunities in life than a child who is not disabled‚ restricting the choices of job‚ and life experiences. A child may be faced with prejudice and discrimination‚ maybe bullied and teased by peers and this will affect confidence. Children with learning and physical disorders may become
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