Matthew Smith Agency Relationship Agency relationship is a consensual relationship between two parties‚ where one party‚ the principal‚ gives authority to another party‚ the agent‚ to act on behalf of and under the control of the principal to deal with a third party‚ thereby creating a fiduciary relationship. The law of agency allows one person to employ another to do his/her work‚ sell his/her goods‚ and acquire property on his/her own behalf. Although a principal-agent relationship can be
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Agency theory relative to corporate governance assumes a two-tier form of firm control: managers and owners. Agency theory holds that there will be some friction and mistrust between these two groups. The basic structure of the corporation‚ therefore‚ is the web of contractual relations among different interest groups with a stake in the company. In general‚ there are three sets of interest groups within the firm. Managers‚ stockholders and creditors (such as banks). Stockholders often have conflicts
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organization structure. These structures define how activities in an organization are organized‚ divided and coordinated. In addition (Krynke 1998‚ p. 3)‚ indicate that the key formal relations for organizational structure are accountability‚ authority‚ and responsibility. These three concepts enable an organization to bring together their workers‚ duties and other resources necessary to ensure high performance in the organizations. Krynke 1998‚ p. 3) asserts that organization structure is the outline
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THE AGENCY FOR ACCREDITATION The accreditation of curricular programs in the Philippines‚ particularly for state universities and colleges‚ is the main function of the Accrediting Agency of Chartered Colleges and Universities in the Philippines (AACCUP)‚ Inc. Organized in 1987‚ though officially registered and recognized under the Securities and Exchange Commission (SEC) on September 4‚ 1989‚ it is the youngest of the four (4) accrediting agencies in the country until late 2003. Under its charter
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1. What is Organizational Citizenship? There are 4 perspectives that makes companies effective and efficient consisting of open systems‚ organizational learning‚ stakeholders and high-performance work practices. However‚ despite these perspectives‚ work-related employee behavior also has a deep influence on organizational effectiveness‚ there are certain behaviors that employees have to adopt to reach this level of effectiveness. These behaviors consist of task performance‚ counterproductive work
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Organizational behavior is an applied behavioral science that is built on contributions from a number of behavioral disciplines (Wagner JA‚ Hollenbeck JR. 1995). Organizational behavior is the study of the many factors that have an impact on how individuals and groups respond to and act in organizations and how organizations manage their environments. In his essay‚ it will present that what these contributing disciplines are and how do they contribute to OB. These disciplines that contribute
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Introduction The movie chosen is Legally Blonde. The main characters include Elle Woods (Reese Witherspoon)‚ Warner Huntington III (Matthew Davis)‚ Emmett Richmond (Luke Wilson) Professor Callahan (Victor Garber)‚ and Vivian Kensington (Selma Blair). At the beginning of the movie‚ Elle is a Southern California college student‚ majoring in fashion merchandising. One day‚ her boyfriend Warner invites her to have dinner at their special place. She expects Warner to propose but actually he wants to
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UNIT 1 The travel and tourism industry Introduction T he travel and tourism industry is one of the biggest and fastest growing industries in the UK. This unit will give you an introduction to the industry‚ providing a sound basis for further study. You will find out about the nature of the industry‚ its size and scale‚ and you will be introduced to the types of organisations that form its structure. In addition you will investigate the development of the industry and the factors
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Administrative Agency Name Here School Here 1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so‚ how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will
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CONTENT Introduction……………………………………………1 Trends affecting the workplace ………………………2 The changing workforce………………………………...2 Workplace value and ethics ……………………..............4 Interview outcome …………………………………....5 Research outcome……………………………………..6 Conclusion……………………………………………..8 Reference list…………………………………………..9 Appendix A…………………………………………...10 Appendix B…………………………………………...11 Introduction Organizational behaviour knowledge is very important for everyone. It not only benefits a person as
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