Agency-Liability of Principal and Agent Agency-Liability of Principal and Agent Ipshita Sinha NUJS-PGDBL 2012 Sinha.ipshita@gmail.com Ipshita Sinha NUJS-PGDBL 2012 Sinha.ipshita@gmail.com A review of the general concept of Agency‚ with special focus on the liabilities involved between the parties. A review of the general concept of Agency‚ with special focus on the liabilities involved between the parties. The Law of Agency: General Concepts Agency
Premium Contract Contract law Agency law
ACTIVITY 5. POWER OF A STUDENT (Teacher’s Notes) PROCESS SKILLS: Measure‚ Observe‚ Compare‚ Test‚ Explain OBJECTIVE: The objective of this activity is to motivate the concept of power‚ or rate at which energy is transformed‚ and to apply it to the rate at which students do work to increase their gravitational potential energy in climbing a flight of stairs. IDEA: Students are asked to measure their gain in gravitational potential energy as they climb a flight of stairs‚ then to calculate the rate
Premium Potential energy Energy
Alienation of labour is constantly occurring in capitalist societies whether or not we think it is. In order to understand what alienated labour is one must first understand the difference between labour and labour power. Labour is the purposive human activity whereas‚ labour power is the power to labour over an agreed period of time‚ typically in exchange for wages. Braverman explains that capitalism compels people to enter the market for survival and to make decisions based on calculations
Premium Karl Marx Marxism Capitalism
Theory of Labour Demand The standard models of labour demand in economics refer to the neoclassical marginal productivity theory of demand. According to this model‚ there are several simplifying assumptions must be made‚ which are: Goal of business firms is to maximize profit Two goods produce There are only two factors of production (capital and labour) to produce its product. Firm operates in perfectly competitive product and labour market. Wages represent the only cost of labour and that
Premium Economics Profit maximization
Child labour From Wikipedia‚ the free encyclopedia The first general laws against child labour‚ the Factory Acts‚ were passed in Britain in the first half of the 19th century. Children younger than nine were not allowed to work and the work day of youth under the age of 18 was limited to twelve hours.[1] Child labour refers to the employment of children at regular and sustained labour. This practice is considered exploitative by many international organizations and is illegal in many countries
Premium Industrial Revolution Child labour Childhood
Mass production refers to the making of large quantities of standardized products. The process involves division of labour and each worker specializes in one or two tasks‚ doing repetitive work. On the other hand‚ the craftsman is the expert who is solely responsible for all the steps involved in producing the product. There is assumption that the craftsman is the master who has skill‚ and expertise to ensure that all his products are of a good quality. Whether mass production will inevitably lead
Premium Assembly line Nokia Production and manufacturing
Is the Labour Party a socialist organization? In order to effectively answer the title question‚ this paper will delve into the roots of; firstly socialism then the Labour Party. After the core ideals have been discussed‚ this paper will highlight the comparisons which are evident between the concept of Socialism and the reality of the Labour Party. There are many forms of socialism‚ each differ in their ideals ranging from communism on the extreme left of the political spectrum to democratic
Premium Socialism Communism Marxism
assimilative capacity of the environment it becomes pollution. This seminar focuses on LEAN productions‚ which aims at elimination of wastes there by reducing the environmental degradation. CONTENTS 1. Introduction 2. Lean production system 3. Basic elements of lean manufacturing 4. Overview of lean production system 5. Lean techniques 6. Characteristics of lean 7. Benefits of implementing lean
Premium Lean manufacturing Manufacturing
India is one of the major coffee producing countries and ranks sixth in the world after Brazil‚ Columbia‚ Vietnam‚ Indonesia and Mexico. With only about 2 per cent share in the global coffee area‚ India contributes about 4 per cent towards the world production and between 4 to 4.5 per cent of global coffee exports. In India‚ coffee is cultivated in about 4.10 lakh hectares mainly confined to southern states of Karnataka (57%)‚ Kerala (21%) and Tamil Nadu (8%)‚ which form traditional coffee tracts. Coffee
Premium Coffee Tea
Comparative employment relations may involve a description and analysis of two or more countries. Whereby‚ international employment relations involve (Bamber et al 2004) exploring institutions and facts that cross national boundaries such as the labour market roles and behaviour of intergovernmental organisations‚ multinational enterprises and unions. International and comparative employment relations include a range of studies that span boundaries between countries. This paper will examine employment
Premium Trade union Labour relations Organizational studies and human resource management