rejected warnings from whistle-blower John Jack‚ costs escalated and components of houses were downgraded without Navy approval. Navy couldn’t get documentation out of American Eagle‚ Navy didn’t act quickly on information from John Jack. Principal-agent theory. In this time of ever more scarce government resources‚ the idea that one level of government can mandate the activities and therefore resource usage of another may seem counter-intuitive. Taken together with the politics-administration
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utility maximizers conflicts of interests whenever one less informed party (principal) depends on the actions of another better informed party (agent). Characteristics: info asymmetry makes it impossible for principal to perfectly determine agent’s marginal productivity. This creates an incentive for agents to shirk‚ as agent enjoys full benefit of shirking‚ while the cost of shirking is shared by the principal. This
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Watkins‚ Kathryn Shanosk‚ and Tatesha Thomas MGT/312 February 23‚ 2015 Armand Di Cianni Sodexo and Principle Financial Group Case Study The demographics of organizations are rapidly changing as more growth occurs globally. Sodexo and Principal Financial Group are among the top 50 to be recognized as being able to manage diversity effectively. It is important for organizations to grow in the global market to keep up with the economy. The growth of the company increases the importance for
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This essay is to critically evaluate the usefulness of the accounting theory to practicing accountants today. It will provide a general assessment of information asymmetry and the fundamental problem of accounting‚ and it will also briefly discuss the normative and positive accounting theories and their usefulness to practicing accountants. After those discussions‚ it will specifically discuss the strength and limitation of positive accounting theory and assess its usefulness to practicing accountants
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TOPIC:- “RELEVANCE OF POLITICS IN EDUCATIONAL INSTITUTIONS” INTRODUCTION The main objective of doing multivariate data analysis is to determine the practical significance of the various issues. That means whether the study is useful in future or not. That is why I am taking the topic “RELEVANCE OF POLITICS”. Politics is an ever relevant topic in a country like India because India is a democratic nation. Nothing will happen with out a political influence. At present the politicians decides
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Chinese remainder theorem The Chinese remainder theorem is a result about congruences in number theory and its generalizations in abstract algebra. It was first published in the 3rd to 5th centuries by Chinese mathematician Sun Tzu. In its basic form‚ the Chinese remainder theorem will determine a number n that when divided by some given divisors leaves given remainders. For example‚ what is the lowest number n that when divided by 3 leaves a remainder of 2‚ when divided by 5 leaves a remainder
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report Preliminary analysis Since the data of all variables are non-metric and ordinal‚ there is no appropriate preliminary analysis can be performed. The descriptive statistics of the variable (table 1) below show that most respondent’s answers falls between 3 to 4 and close to 4 which denote the perception of neutral to agree. That is‚ most answers are positive indicating the students are not on average dissatisfy with the teaching of the subject. Figure 1 |
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Interview For class I was to find and administrator in charge of hiring CTE teachers and find the answers to ten interview questions. I am fortunate enough to be teaching at a CTE school and was able to interview my principal. I interviewed Principal Tom Ryan‚ who’s the main campus principal The interview was held face to face in his office on September 28‚ 2012. This interview was very helpful in learning an administrator’s views and thoughts of important issues associated with CTE teachers and CTE
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(management) in corporations. As a consequence‚ agency problems or principal-agent conflicts exist in the firm. Agency theory deals with such problem. Agency theory is concerned with how these agency problems affect the form of the contract and how they can be minimized‚ in particular‚ when contracting parties are variously informed (or uncertain). Agency problem A problem arising from a conflict of interest between principals such as investors and agents acting for them‚ such as brokers or
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Design and Justify an Optimal Compensation Scheme to Reward Bank CEO’s (2500words) i) Study the principal-agent theory to explain the key requirements that an optimal pay-contract should possibly meet and ii) Apply this to the financial sector in order to come up with an efficient compensation contract for bank CEO’s. Introduction The 2008 collapse of Lehman Brothers precipitated the sub-prime crisis‚ the collapse of major banks and a global economic crisis that resulted in a worldwide recession
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