2.2 Aetiological agent: Classification and characterisation The monkeypox virus is a member of the genus orthopox (family Poxviridae). Other members include cowpox‚ vaccinia‚ and variola (smallpox) viruses. Poxviruses are the largest vertebrate viruses known. The virions contain a linear double-stranded deoxyribonucleic acid (DNA) genome and enzymes that synthesise messenger ribonucleic acid (RNA). The viruses multiply in the cytoplasm of the host cells. The poxvirus family consists
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As cited by Cheffines and Bank (2009)‚ the foundation of agency theory could go back to Berle and Means (1932) and Fama and Jensen (1983a). Their studies discuss the notion of the separation of corporation’s owners (principals) and its manager (agents) which is due to the fact that the owners delegate their responsibilities for control to managers who will actually manage the company. Thus the separation between the functions of decision and control will generate conflicts of interest and a
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Reality Check and the Limits of Principal Agent Theory Arie Halachmi‚ PhD 2011-2011 Distinguished Fulbright Professor Abstract Can partnership and contracting out of the production and delivery of what used to be performed by government improve public sector productivity? However‚ the reality does not always follow the theory. Using an actual case study and a Principal Agent Theory the paper explores and articulates possible limitations of Principal Agent Theory and some issues and possible implications
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“Culture eats strategy for lunch!” This is how Peter Drucker sarcastically describes the importance of the strategy for a company and how employees will make or change this strategy in order to create a culture that fits with the company’s growth. Two different perspectives regarding the growing of the family businesses over the years and remaining innovative are communicated with the psychiatrist Professor Fritz B. Simon and the economist Professor Benoit Leleux. According to the Professor Fritz
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management is called an agency relationship. Such a relationship exists whenever someone (the principal) hires another (the agent) to represent his/her interests. For example‚ you might hire someone (an agent) to sell a car that you own while you are away at school. In all such relationships‚ there is a possibility of a conflict of interest between the principal and the agent. Such a conflict is called an agency problem. Suppose you hire someone to sell your car and you agree to pay that person a
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References: 1. Fiedrich F. (2006)‚ An HLA-Based Multi-Agent for Optimized Resource Allocation after Strong Earthquakes 2 3. Glista K. (2007)‚ Expecting the Worst; Bomb Simulation Tests Emergency Response‚ World Peace Newsletter‚ http://tech.snmjournals.org/cgi/reprint/32/1/ 4 5. Jain S. and McLean C.(2006)
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package may be added to the remuneration package. The instructor might mention at this point the tie in with agency theory: According to agency theory‚ agents (managers/executives) are utility maximisers and there is no reason to believe that they will necessarily act in the best interest of principals (shareholders) unless the principals’ and agents’ interests are aligned. For example‚ managers have incentives to increase perquisite consumption at the principal’s expense. In order to solve this agency
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chickenpox infection is given aspirin for his fever. Which of the following conditions develop following the simultaneous administration of salicylates and the varicella vaccine? Reye’s syndrome When educating a group of nursing students on immunologic agents‚ the nurse explains about a particular kind of immunity that develops by injecting ready-made antibodies found in the serum of immune individuals or animals. Which of the following kinds of immunity is the nurse referring to? Passive immunity A
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Speech to the association of Danish Travel Agents Ladies and Gentlemen‚ I am pleased to be here and it is really nice to see this man people showing up‚ just to watch me today here in the capital of Denmark and to let me tell you about this very important topic. As some of you might already know‚ then I am Jane Buckingham and I work for The Intelligence Group. The Intelligence Group is a company who is doing market research focusing on the youth of America. Today the main topic will be about the
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functioning. Its purpose is to attain the main goal of the organization and managing relationships between the board of directors and shareholders‚ which is basically between the management and the stakeholders. It concentrates on reducing the principal-agent problem in the organization. Good corporate finance is essential in ensuring that companies maintain a strong position in the market especially when they are competitive and deserve an efficient investment environment. Over the years‚ corporate governance
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