Principal-agent problem is a particular game-theoretic description of a situation. There is a player called a principal‚ and one or more other players called agents with utility functions that are in some sense different from the principal’s. The principal can act more effectively through the agents than directly‚ and must construct incentive schemes to get them to behave at least partly according to the principal’s interests. The principal-agent problem is that of designing the
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the shareholder-principal conflict with manager-agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders‚ should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers? There are several dimensions to the principal-agent conflict. Principal-Agent Relationships exist whenever one person or party
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MANAGER IS A CHANGE AGENT The label “change agent” is often accompanied by misunderstanding‚ cynicism and stereotyping. Managers‚ employees and HR professionals alike have questioned the value of this role in their organization. However‚ as organizations of all kinds face unrelenting changes in their environment‚ the need for individuals who are capable of turning strategy into reality has created a new legitimacy for the change agent role – which is often located within the Human Resource function
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moral agent (individual contemplating ethical course of action) what obligation is owed to the claimant? Identify the perspective of each of the claimants by indicating what outcome they would prefer to this issue. CLAIMANT OBLIGATION PERSPECTIVE officer Nixon non injury prefer the moral agent to ingore the situation officer ross non injury pefer the moral agent to ignore the situation husband beneficence prefer the moral agent to throw
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& Cons." Accessed December 10‚ 2012. http://www.salary.com/increasing-the-minimum-wage-pros-cons/. * Hall‚ Cooper. Economic Policy Institute‚ "How raising the federal minimum wage would help working families and give the economy a boost." Last modified August 14‚ 2012. Accessed December 10‚ 2012. http://www.epi.org/publication/ib341-raising-federal-minimum-wage/.
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Ruffin‚ W (2009)‚ Kindship Care: Grandparents and Relatives as Parents. Retrieved on April 7‚ 2010 from http://www.aces.edu/urban/FamilyWebsite/grgfeature.html Grandparents Raising Grandchildren Feature Article Kinship Care: Grandparents and Relatives as Parents By: Dr. Wilma J. Ruffin‚ Family & Human Development Specialist Many grandparents in the United States (US) are finding grandparenthood different from what they expected. Instead of the occasional visits from their grandchildren
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Sustainability Change Agent Abilities Required to Help Create a Sustainable Future In order to be a successful sustainability change agent‚ an individual must have the following: 1. 2. 3. Knowledge of the environmental‚ economic‚ and social issues related to sustainability (understanding); A value system and self-concept to support and under gird the actions of a change agent (motivation); and Change agent abilities (skills). Change Agent Abilities: The following is a listing of change agent abilities
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Raising the Interest Rate Principles of Finance Introduction After years of declining interest rates‚ we are facing a dilemma; should the Federal government increase rates to contain inflation‚ or keep rates low to boost the US economy? Increases in consumption of oil‚ metals‚ materials‚ and food‚ both foreign and domestic‚ are increasing demand. Prices are rising on a global scale as demand increases. Additionally‚ the US is experiencing rising costs for healthcare and education. Yet‚ the
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Gonorrhea and its Causative Agent; a study of challenges of treating gonorrhea By: Nader Hossaini George Mason University Word count: 2281 Gonorrhea and its Causative Agent Abstract In this study‚ gonorrhea which is a sexually transmitted disease that can be found in every parts of the world including in the United States was investigated; gonorrhea passes from one person to another mainly through unprotected sexual activity. The causative agent for the disease‚ Neisseria
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allows us to form habits and pattern of behavior that help us function to our potential in the society we live in. There are four familiar settings that play the biggest part in how we socialize. These are the agents of socialization; family‚ school‚ peer group‚ and mass media. These agents have made a large impact on how my life is today a college student. My experience in my entire college a career has been shaped by the group of people I have been around with the most while growing up.
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