AGENCY RELATIONSHIP An agency is a relationship which exists when one party called the principle appoints and authorizes another called the agent to enter into a contract with a third party ‚ which contract is legally binding to both parties. An agent is therefore a party who is authorized to represent or act on behalf of another for the purpose of bringing that other party into legal relations with a third party. A Principal is a party who authorizes another party to represent or act on his
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exponential growth of the Internet and online activity raise a number of new regulatory issues and legal questions. The power of the Web to reach the world carries with it a variety of legal issues‚ often related to intellectual property concerns‚ copyright‚ trademark‚ privacy‚ etc.‚ particularly in the context of doing business on the Internet. Authorities seeking to apply their laws in traditional ways or to expand legal control over international links face many challenges due to the global nature of
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the capital to invest in innovation hubs‚ universities‚ research and development centres. However‚ the CIO must consider their level of advancements of the IT areas in order to best serve their organisation. The CIO does however have direct control over areas such as‚ innovation in the CIO’s organisation‚ as well as‚ promoting the digital economy in their workplace as they are expected by their superiors to be innovative in order to add value and create a competitive edge
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keep them spending most of the time outside of the house. As a result‚ the house works are taken over by the foreign maid and it brings negative effects to the employer’s family and also to the country. Hence‚ the insecure home‚ problem with the family institution‚ high costs and increase in expenses for the local government are therefore‚ the effects of hiring a foreign maid. One of the effects of hiring the foreign maid is that the sponsor’s home might not be a safe place for a family to live. This
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sexuality‚ work and class relations. Prostitutes have for centuries‚ in varying cultures been thought of as social deviants. The women working as prostitutes enter a world of meanings over which they are powerless: their role‚ sexuality‚ and identity are defined by men. They inhabit a place constructed out of men ’s needs‚ demands‚ fantasies and desires. "The philosophy seems to have been that the male population was entitled‚ without sanction‚ to seek the services of prostitutes‚ but insofar
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Credit Rating Agencies Credit rating agencies play a crucial role in the financial system‚ and played an important one in the events that led to its near-collapse in 2008. The business is dominated by three firms – Moody’s‚ Standard and Poor’s and Fitch Ratings -- whose job is to provide an objective analysis of the risk posed to investors by bonds‚ companies and countries. During the housing boom‚ the system broke down‚ as several billion dollars worth assets‚ later shown to be worthless‚ received
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Agency Costs of Free Cash Flow‚ Corporate Finance‚ and Takeovers Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory developed here explains 1) the benefits of debt in reducing agency
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Hiring Process: Recruitment The entire hiring process consists of recruitment‚ selection‚ induction and follow-up. Recruitment refers to the process of screening‚ and selecting qualified people for a job at an organization or firm‚ or for a vacancy in a volunteer-based some components of the recruitment process‚ mid and large-size organizations and organizations often retain professional recruiters or outsource some of the process to recruitment agencies. External recruitment is the process of attracting
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GOVERNMENT AGENCIES: *OPTICAL MEDIA BOARD is the renamed Videogram Regulatory Board assigned to regulate the manufacture of optical media products and manufacturing materials as part of ensuring the protection and promotion of intellectual property rights. *INTERNATIONAL INTELLECTUAL PROPERTY ALLIANCE The International Intellectual Property Alliance (IIPA) is a private sector coalition‚ formed in 1984‚ of trade associations representing U.S. copyright-based industries in bilateral
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Methodology 1 Background to Travel Agencies 1 Definition 1 Context – The background of Travel Agents 1 Types of travel agents 2 Data collection 2 Literature review 2 Analysis of the data collection 3 Strengths 3 Weaknesses 4 Opportunities 5 Threats 5 Suggestions/Recommendations 7 Conclusion 8 References 10 Introduction Aim This report hopes to examine the impact of online booking websites on traditional High Street travel agencies. It was decided to research this subject
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