I partially agree with the statement that managers have a severely limited amount of discretion to pursue actions inconsistent with shareholder wealth maximization. By investing in a company‚ shareholders aim to maximize their wealth and achieve portfolio diversification. The objective of managers is assumed to be to further these interests by maximizing the firm’s share value. This can be achieved by taking on projects with positive NPV and good management of short-term capital and long-term
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Topic: Law of agency Summary of Facts: Company Star Boat employed Tom as the manager for marketing and sales department. Being an agent for Star Boat‚ Tom frequently concluded contracts with a number of suppliers for acquiring certain parts to manufacture boats. Smooth Sailing was one of the suppliers. Tom resigned from Star Boat in July 2012 upon being offered a better position in Star Ferry. However‚ he acquired 4‚000 parts from Smooth Sailing in August and manager of Smooth Sailing did
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Law of Agency – the Contracts Act 1950 Great Northern Railway Co v Swaffield states that where impossible to get principal’s instructions‚ the agent’s action is necessary to prevent loss and the agent has acted in good faith‚ an agency of necessity arises. The Contracts Act 1950 states that an agent has to obey principal’s instructions. The Contracts Act 1950 states that an agent has to be careful‚ diligent and use any skill that he may
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ACTIVATION AGENCIES COMPANY’S NAME CONTACT INFO SERVICES CLIENTS ANNUAL TURNOVER Adsells 74‚ Main Industrial Area‚ Kot Lakhpat‚ Lahore Tel: +92-42-35140790-92 www.adsells.biz Outdoor Advertising Petrolleum Signage Vehicle Graphics Activtion Portable Stands Shop Signage Window Graphics Pop Racks & Stands Kiosks Exhibition Stalls LED’s Shop Merchandizing Trend Setter Honda Coca Cola Telenor Mobilink Metro Dawn Nishat Suzuki Wateen MCB Tapal Ufone Nippon Emaar
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its public officials and employees‚ and shall take appropriate measures t o promote transparency in each agency with regard to the manner of transacting with the public‚ which shall encompass a program for the adoption of simplified procedures that will reduce red tape and expedite transactions in government. SEC. 3 . Coverage. - T h i s Act s h a l l apply t o all government offices and agencies including local government units and government-owned or -controlled coi-porations that provide frontline
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notified of the termination of the agency and Aker who had been a sales agent for Potter for twenty years was also fired along with the termination of the company. Typically when there is a termination of an agency or a agency relationship the agent no longer represents the principal (Potter). However‚ if an agency is terminated the principal is under a duty of notification of the termination of the agency to the third parties (200 customers). The termination of an agency extinguishes an agent’s actual
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are a big part of our history. Whether they are a major tourist attraction‚ costing America billions of dollars‚ or separating a country‚ they play a big part in our lives. The Seattle gum wall‚ the wall on the border between Mexico and the US‚ and the Berlin wall are a few examples of important walls in the world. The Seattle gum wall in Post Alley‚ by Park Place Market‚ is the second most germy tourist attraction in the world. It is a wall filled with 26 years worth of chewing gum. The tradition
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necessary‚ staffing agencies to source candidates Staff members involved: Store managers HR department managers Store associates Budget: $3‚000-$4‚500 The “target” for recruiting efforts considering the retail business and customer service job should be anyone willing to work‚ with ability and eligibility to work. Diversity should be focused on. The methods they use for recruiting they use are media‚ referrals‚ kiosk‚ state job services and recruiting agencies for customer service
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Running Head: Ethical Law Enforcement 1 Ethical Law Enforcement Marvin Sanchez 12/03/2014 CJA/324 Instructor: Charles Hughes Incident Review 1. What is the ethical issue or problem? Identify the issue succinctly. The moral agent of the story is about an intoxicated husband who the officers assume was driving and also a domestic violence call. The main issue is that the officers decided to give the husband a sobriety test and that was not supposed to happen since they
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for completion of the job rather than time worked. Worker performs work requiring high skills or significant training. 2. How do agency relationships arise? Agency relationships arise via agreement of the parties‚ by ramification‚ by estoppel‚ or by operations of law. The agreement generally does not need to be in writing nor does it require consideration. Agency relationships formed for an illegal purpose or contrary to public policy are not enforceable. 3. What duties do agents and principals
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