Financial Management (Agency problem) Prepared by: Sami Hassan Saeed Singabi August 2008 Introduction Economic science teaches us that due to their subjective needs‚ individuals have subjective preferences‚ and hence different interest. Occasionally different subjective interests give rise to conflicts of interest between contracting partners. These conflicts of interest may result in turn‚ in one or both parties undertaking actions that may be against the interest of the other
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Payment‚ similar to consideration‚ is one of the four elements of a contract. Consideration is something of value in a contract or agreement between two parties. Both parties must be providing something of value to the other party. It is an act or promise to do (or not to do) something in return for value and the value given is enforceable. All the law need is ‘valuable consideration ’. For example‚ if Jack has offered to pay S$10 for a hammer worth S$100‚ that is considered valuable consideration
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NSA REPORT The NSA stands for National Security Agency. It’s the main producer and manager of signals intelligence for the United States government. Basically‚ it spies on people 24/7. Every time people blink‚ they know it. In short‚ they know our personal lives. They know your deepest‚ inner thoughts. They are hearing your most private conversations. There was this one incident with a girl whose web-cam kept turning on when she remembered turning it off. Every time she turned it off‚ it
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Agency theory Kenya has 62 micro-finance NGO’s. They have demonstrated that micro-business lending in Kenya is feasible‚ and that small borrowers do pay. They have pioneered new product types and innovations and some are moving toward sustainability. The microfinance NGO’s have played an important part in moving government toward recognition of the small borrower and have been instrumental in advancing the cause of the proposed Micro-Finance Bill. Small borrowers and the informal sector form a
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high intent and high capability to inflict damage or death in the U.S.‚ to illicitly acquire assets‚ or to illegally obtain sensitive or classified U.S. military‚ intelligence‚ or economic information. As both an intelligence and law enforcement agency‚ the FBI can address every facet of a cyber-case—from collecting intelligence on the subjects in order to learn more about their networks to dismantling those networks and prosecuting the individual perpetrators. The ability to take action on the
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Angela Hunter-Cole HCS 440 Economics: The Financing of Health Care Week One Discussion Questions ? Most people feel health care is priceless; however‚ health care comes with a steep cost. What factors must be considered when looking at the true cost of care? According to website Cha Cha.com the factors that must be considered when looking at the true cost of health care are price‚ security‚ availability‚ and dependability. Cost is a driving factor in health care‚ how much health care services
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Date: 28th March 2013 Part one of Assessment 1.1 4 Pieces of Legislation important for home-based childminding 1. Child Act (2004) – This is a vital and important piece of legislation as it ensures that all children are identified as being healthy‚ are safe‚ enjoy and achieve‚ make positive contribution and achieve economic well-being. These outcomes are achieved through various play activities e.g. dance‚ painting & reading‚ keeping children safe in the environment with the use of stair
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Annotated Bibliography HCS 455 Annotated Bibliography FY 2014 Budget Overview. (2013). FY 2014Budget Overview. Retrieved from: http://www.ssa.gov/budget/fy14Files/2014BO.pdf This article is a good overview of the funds that the president asks for each year to budget Social Security. It gives a breakdown of what amount of money needs to go to fund what. It gives an overview of what they are doing in order to lower running costs. It gives the actual budget of the previous year‚ the
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Policy Process Part 1 HCS 455 Policy Process Part 1 With health care as an issue in the United States there are steps and processes taken to make health care affordable. Policies are made when a problem arises to prevent future problems and to clear the current problem. A policy has three stages it must go through those are‚ formulation stage‚ legislative stage‚ and implementation stage. Medicare was established in 1965 by the government and provides millions of Americans with insurance
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Current Article Summary Phernanda Bowers HCS 490 January 11‚ 2013 Current Article Summary Today the modern women have come a long way than just staying at home as housewives. Women today are breaking the glass ceiling and taking elevators to the top with their careers. Since careers demand a busy life spending time preparing in school‚ internships‚ and eventually fulltime jobs‚ and juggling family and life situations at the same time women and men have neglected their nutrition causing an increase
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