Law of Agency WHAT IS AN AGENCY? Sec 135 of Contract Act‚ agency is the relationships which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others. WHO CAN BECAME A PRINCIPAL OR AGENT? Any person who is 18 years old and above and who is of sound mind may be principal. As between the principal and third persons‚ any person can became an agent. BUT persons of unsound mind and who are below 18 years are not liable towards their
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Role of Operations Function The role of the operations function is important because it influences how operations managers understand their customers and translate their customers’ needs into performance objectives. In turn‚ the performance objectives (and especially the relative importance of each one) influence the overall operations strategy of the business. Product Design Product design is a critical task because it determines the characteristics and features of the product‚ as well as how
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the HR Policies and Procedures to be formulated in a company? * CONDITIONS OF SERVICE 1.1 Contract of Employment………………………………………….. 1.2 Working hours……………………………………………………. 1.3 Duty Station………………………………………………………. 1.4 Confidentiality……………………………………………………. * RECRUITMENT AND SELECTION POLICY 2.1 Introduction………………………………………………………. 2.2 Objectives………………………………………………………… 2.3 Recruitment Authorisation Procedure……………………………. 2.4 Newly Created or Restructured Positions 2.5 Employment Procedure……………………………………………
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Upon reading the article “The Principal files: Principal Shortage- Why doesn’t anybody want the job?” made for a very interesting read and concerns still arise as to whether the principalship is the career path for me. Throughout the principalship course‚ we had the opportunity to meet three retired principals—which includes the professor. There was a common shared sentiment among them all and that was that being a principal is a highly stressful job. However‚ the amount of stress and how they
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The Role of Government and Policy Making Public programs are established through legislation‚ which usually begins with a group of people concerned about a growing issue within a community or even nationwide. In order for an interest group to establish a public program‚ the concern must go through eight legislative tasks. In the first task the interest group must clearly define and execute a consensus on what the problem is and what the desired outcome is from legislation. This can be a difficult
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world setting [where] the researcher does not attempt to manipulate the phenomenon of interest” (Patton‚ 2002: 39). Qualitative stance can be defined as follows: “...any kind of research that produces findings not arrived at by means of statistical procedures or other means of quantification” (Strauss and Corbin‚ 1990: 17). Qualitative research reveals findings observed in the real world context where the phenomena being studied unfold naturally (Patton‚ 2002). As a result‚ qualitative perspective incorporates
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don’t want to do this can range from for-play to actually sexual contact. Psychological or emotional abuse - is any action which has an effect on an individual’s mental well-being‚ causes suffering and effects their quality of life and ability to function to their full potential. Financial abuse - is‚ for example‚ illegal or unauthorized use of a person’s property‚ money‚ pension book or other valuables (including changing the person’s will to name the abuser as heir)‚ often fraudulently obtaining
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Answer to question 1 (1.1‚ 1.2) What are the functions‚ concepts and principles of assessment in learning and development? The function of assessment is a way to measure a learner’s competence against agreed standards and criteria. The awarding body’s assessment strategy will state which criteria needs to be met to complete the mandatory and optional units and the best method for acquiring the evidence. A range of methods will be used to decide whether a candidate has demonstrated the skills
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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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1.1 Explain the function of assessment in learning and development Why assessments are carried out? What its purpose is What it is measuring What are the anticipated outcomes? To answer this question‚ let us define assessment as evaluation or appraisal; it is about making a judgment‚ identifying the strengths and weaknesses‚ the good and the bad‚ and the right and the wrong in some cases. It is more than simply giving marks or grades‚ although that may well be a part of it. And because it involves
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