to try their best to achieve shareholder’s goal. Due to different interests in shareholders and managers‚ the conflicts always exist between them. An agency problem occurs when the interests of stockholders‚ the board of directors‚ and/or the management of the company are not perfectly aligned or when these entities conflict. EXPLAINATION Agency problem is typically caused by two reasons which are asymmetric information and hidden action. There is no legitimate theoretical or moral objection
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Agency Overview Jessica Gonzalez Dr. Wanda Allen HCA/210 July 5‚ 2013 What is the purpose of the agency? The purpose of the Arizona Medical Board is “to protect public safety through the judicious licensing‚ regulation and education of all allopathic physicians” (Arizona Medical Board‚ 2013). This means that the physicians in Arizona are monitored by the Medical Board for the sole purpose of protecting the public. What services does the agency perform? The Board is responsible for investigating
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agencies------------------------------------------------- Food and Agriculture Organization (FAO) The Food and Agriculture Organization of the United Nations leads international efforts to defeat hunger. Serving both developed and developing countries‚ FAO acts as a neutral forum where all nations meet as equals to negotiate agreements and debate policy. FAO’s mandate is to raise levels of nutrition‚ improve agricultural productivity‚ better the lives of rural populations and contribute to the
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Running Head: REGULATORY AGENCY 1 Regulatory Agency REGULATORY AGENCY 2 Prison health care provides the inmates with medical care from the prisons correctional health provider. There are many thoughts about why inmates should receive health care and one reason is that even though the inmates have
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Nora Ephron’s revealing article‚ "The Boston Photographs" explains the power photojournalism has over the public eye‚ through telling the story of the publication of three controversial photographs. Ephron argues that the publishing of brutal and disturbing photographs is absolutely necessary in order to thoroughly explain the severity of certain situations to the public‚ where keeping the gory truths could give some a false sense of safety or reality. Nora Ephron supports her argument through the
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On a night when the Oklahoma Thunder desperately needed an offensive boost from injured forward Keven Durant‚ the Boston Celtics went into Oklahoma and took care of business with a solid 100-85 victory. Guard Marcus Smart led the Celtics in scoring with 26 points on 9 of 14 shooting‚ including 3 of 5 from 3-point range. He also added 8 rebounds‚ 3 assists and 1 steal while only turning the ball over once. The Celtics also benefited by another strong outing from guard Isaiah Thomas who added 20 points
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Agency Costs of Free Cash Flow‚ Corporate Finance‚ and Takeovers Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory developed here explains 1) the benefits of debt in reducing agency
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contract. With verbal contract being legal binding contract both parties run the risk of hearing parts of the contract that they want to hear‚ they may not fully understand what the verbal contract really entails. According to the video‚ The Nature of Agency (Chesseman‚ 2010) Janet who is a secretary that signs for shipments signed a three month lease with Non-Linear Pro. The product end up not working correctly and now Non-Linear Pro filed a suit against Quick Takes Video for breaking their three month
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Ochampaugh v. Seattle 588 P. 2d 1351 (Wash. 1979) Facts Ordinary pond owned by the city Popular with area residents for fishing and swimming The two boys were familiar with the pond and had gone there before. Neither boy could swim. There were no warning signs around the pond. The pond‚ while man-made‚ was in existence before the city purchased the land. Issue Was the pond a “trap” or extraordinarily dangerous enough to render it an “attractive nuisance” to children and thus create
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Regulatory Agency Regulatory agencies are put in place to ensure that health care organizations and the providers within them promote safety‚ legal compliance‚ and quality care for patients. Regulating health care is vital because if health care organizations were not required to be accredited patients would not feel safe when seeking health care services. The Joint Commission on Accreditation of Healthcare Organizations otherwise known as JCAHO is a regulatory agency. The JCAHO “conducts periodic
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