Table of Contents 1. Introduction – Normative assessment of delegation 1 2. Theory ………………………………………………………………………………2 2.1 The Principal-Agent-Theory 2 2.2 Application of Principal-Agent logics to Bureaucracies 3 2.3 Hypotheses 4 2.3.1 Efficiency 4 2.3.2 Depoliticization 5 2.3.3 Shifting responsibilities 6 2.3.4 Decreased likelihood of policy adoption 6 2.3.3 Control variables 6 3. Methods and data 7 3.1 Data 7 3.2. Operationalization of dependent variable 7
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Collars 1) Use the interest rate tree below. The first number at each node is the 0.5-year rate at that node. The next number is the price of $1 par of a 0.5-year zero at that node. The next number‚ at the time 0 node‚ is the price of $1 par of a 1-year zero. Time 0 Interest Rate Model Time 0.5 5.526% 0.973113 4.9% 0.976086 0.952587 4.345% 0.978737 a) What is the value of a 5.25% interest rate cap on $100 notional amount of a 1-year semi-annual floating rate note? The cap does
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Subprime Meltdown: American Housing and Global Financial Turmoil In early 2008‚ policy-makers in the United States needed to deal with the frightening after-effects of what had appeared to be a glorious housing boom. The most immediate problem was a wave of foreclosures‚ which a Senate report predicted could reach 2 million by the end of 2009. Lawmakers sought to relieve the resulting pain and to preserve the longstanding dream of raising the US homeownership rate. Amidst a sea of lawsuits and recrimination
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com ShuffleClick - An Introduction Vision & Mission How We Work? Why ShuffleClick? Core Competencies Resource Expertise Our Product & Services SEO Services Web Hosting Services Our Methodology Project Approach Water Fall Approach Employees at ShuffleClick Our Clients R&D Department Innovations @ ShuffleClick ShuffleClick’s Forthcoming Projects 3 4 5 6 7 8-9 10 11 12 13 14 15 16 17 18 19 20 Contents 2 ShuffleClick is a global management consulting‚ technology services and outsourcing
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Understand the purpose of reception services in a business environment Assessment Criteria 1.1. Explain the purpose of the receptionist role as the first point of contact between the public / client and an organisation A. The receptionist is who the customer meets/speaks to first therefor needs to give a good impression of the company‚ they need to appear very professional. This can be portrayed in many different ways including personal appearance and how you are seen to act towards clients. If on the front
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GLOBAL & TECHNOLOGICAL ENVIRONMENT TRENDS: WAL-MART The Radio Frequency Identification‚ a short range communication technology‚ profoundly has impacted businesses. It helps companies track and control goods as they move through the supply chain. It can improve operational efficiencies and customer service while providing new business opportunities. However‚ like many other new technologies‚ RFDI also brings some concerns for people as well as benefits. For this assignment‚ I will focus on this
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remain winners in the global competition of global products for global consumers. Globalization means homogenizing on a world-wide scale. The implicit assumption behind the globalization process is that all the elements will globalize simultaneously. Much of controversy around marketing dates back to Prof. Theodore Levitt’s 1983 seminar article in Harvard Business Review “The Globalization of Markets”. Prof. Levitt argues that marketers were confronted with a “homogenous global village”. He advised
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The Influence of the external political environment of Uganda on Development projects By Susan Ajambo( Student: Masters in Development Management; University of Agder Norway) Abstract Political factors outside the mangers direct control significantly influence development projects. This paper examines Uganda’s political context and the influence it can have on a project on rural electrification. Such a project can benefit from state support at governmental level in addition to support in identifying
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These interest groups help bridge the gap between citizens and the government and enable citizens to explain their views on policies to public officials. These groups would help provide public officials with detailed information that might be difficult to obtain‚ which in return help make policy choices better. Just as how there are checks and balances for the government‚ some interest groups serve as a check of public officials to make sure they
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customers‚ either through promotions such as free 100‚000km warranty and spare parts discounts‚ or even through price-increase suppression based on rising commodity prices which affect material and production costs. Consider the influences in the marketing environment that have informed the marketing mix created by the supplier to manage the exchange with you. There were a few factors that swayed the decision of the author towards the Toyota Camry‚ rather than the closest competitor. These were:
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