Principal Agent Problem Running a business can be a tricky expenditure in today’s society. As we know a business can only be successful economically if they are bringing more money than they are putting out. Owners of businesses realize that positive economic profit is essential to the livelihood of their businesses. As with every business‚ employees are hired to do specific tasks that the owner assigns for them. However‚ with employees comes the responsibility of managing them. This is where a
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Ideas created by members of a society - Material culture Tangible things created by members of a society - Only humans rely on culture rather than instinct to ensure survival. The Components of Culture - Although culture vary‚ they all have five common components: a) Symbols b) Language c) Values d) Beliefs e) Norms A) Symbols - Anything that carries a particular meaning recognized by people who share culture - Example
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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 DUTIES OF THE AGENTS TO PRINCIPAL The duties of an agent depend primarily on the contract of agency if there is one. Subject to any such express terms‚ the agent owes a number of implied duties or obligations to his principal. It is the agency relationship as such that gives rise to these obligations so that‚ as a general rule‚ they fall as much on the gratuitous agent as on the paid agent. 1. Obey the Principal’s instructions Section 164 states‚ The agent must obey the instructions given to
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Components of Strategic Management Process can be referred to as procedures to be followed to achieve the purpose of strategic management. This is all part of the continuous process of improving the business in an effort to succeed and reach company goals. Strategic planning was developed as an alternative of then was called long-term planning. Strategic planning is more of leadership driven and vision based. The top management decides on the principles that guide the organization toward established
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that is under the scrutiny of the public eye‚ a district employee needs every resource that is available to them to excel. Designing a program for a newly hired principal would encompass many different avenues. It’s been said that an educators learning on the job is a life-long process. This is true for teachers‚ but even more so for principals with the amount of responsibility placed on them. They walk a fine line of not only understanding the school’s culture and their place in it‚ but the managerial
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1 COMPONENTS AND SUBCOMPONENTS OF ENVIRONMENT 1.1 CLASSIFICATION OF ENVIRONMENT The term Environment can be broadly defined as one’s surroundings. To be more specific we can say that it is the physical and biological habitat that surrounds us‚ which can be felt by our physical faculties (seen‚ heard‚ touched‚ smelled and tasted.) The two major classifications of environment are : (A) (B) Physical Environment: External physical factors like Air‚ Water‚ and Land etc. This is also called the Abiotic
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leader: A teacher’s perspective on its effect on the school climate Angelina Anne Balasundaram; Mohd Nazir Bin Mohd Yunos Faculty of Education Universiti Teknologi Malaysia (UTM) Abstract Instructional leadership is a pivotal factor in the principal becoming an effective leader in a school setting and its implications on the school climate has very significant impact on a school. This research is carried to identify whether this role of the principle as the instructional leader is being practised
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Principles of Economics Components of Economy First Semester Introduction Human activities which generate income are known as economic activities. All the economic activities are classified into three categories viz. primary‚ secondary and tertiary. Activities that are directly associated with environment are known as primary activities as they refer to utilization of natural resources like land‚ water‚ vegetation‚ minerals etc. When primary goods are used to produce some other articles or
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PROJECT IN T.L.E Electronic Components Diodes a diode is a two-terminal electronic component with asymmetric conductance‚ it has low (ideally zero) resistance to current flow in one direction‚ and high (ideally infinite) resistance in the other. A semiconductor diode‚ the most common type today‚ is a crystalline piece of semiconductor material with a p–n junction connected to two electrical terminals. A vacuum tube diode has two electrodes‚ a plate (anode)
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