TCE asserts that transactions have distinct characteristics that explain how firm’s boundaries are drawn and when determine whether “market or hierarchy” will have the lower transaction costs in various circumstances. Asset specificity‚ uncertainty and frequency are the three variables of TCE that are used to characterise transactions. Williamson (1979) suggested four main forms of asset specificity‚ namely site specificity‚ physical asset specificity‚ dedicated assets and human asset specificity
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Francisco v. Gregorio GR No. L-59519 July 20‚ 1982 Facts: Petitioner Francisco‚ through her daughter‚ agreed to lease a piece of land where a building should be constructed by the former. The contract provided‚ among others: the deposit to the account of the lessor-petitioner the amount of 150k representing 30K goodwill money and 120K advanced rental and a stipulation that in case the parties will not agree as to the terms and conditions of the final contract of lease‚ the pre-lease contract shall
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As the media landscape continues to change‚ and marketers shift more and more of their monies into new media‚ there are those who predict that some traditional media‚ like TV and newspapers‚ may not survive - at least in their present forms. Do you think this is an accurate statement? Why or or why not? Provide examples to support your position. When I first read this question‚ my initial response was that traditional media is still – and will always be - relevant. Thinking of it the same way people
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of losses. Lastly‚ deposits are contracts that offer high liquidity with low risk while loans are illiquid with higher risk. Financial intermediaries can transform the assets with different liquidity features through diversification of their portfolio. Transaction cost incurred because of time and money spent in performing financial transactions. Prior to granting loans‚ search costs is incurred by both the lenders and borrowers to search for the suitable counterparty. Verification cost is then
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Online Transaction Processing (OLTP) The following is partially extracted from GC33-0754-00. 1. Overview An application is a particular use to which a data processing system is put‚ for example‚ a payroll application or an order entry application. Commercial applications typically process many similar items‚ for example‚ an order in an order processing system‚ a seat reservation in an airline booking system‚ or a credit query in a credit control system. The processing of one of these items is a
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Writing about literature - an essay THE CAN-CAN: WHAT CAN AND WHAT CAN’T? By Huy Phát A popular provocative dance move in the Broadway shows in 1950s has been chosen as the title for this short story “The Can-can” of Vivante about a man having a love affair while his thought was wandering around “somebody doing the can-can”- his wife back home. The can-can therefore does more than just being the title‚ its repeated recurrence in the story recognizes itself as a noteworthy symbol and also contributes
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The Electronic Communications and Transactions Act 1. Introduction The emergence of personal computers that are portable during the 80’s and 90’s changed the way companies conducted their business. There was the whole move from files and files of paper to electronic databases. Although this move was a significant step in simplifying the way business was conducted‚ it did not create any new spaces and channels for marketing and sales people to exploit. Customers were still limited to buying goods
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Can Social Media Increase Voter Turnout? Today‚ only about half of registered voters in America actually vote; a sad statistic of an uninformed‚ unconcerned population. Social media networks such as Facebook have proven to not only inform voters but to actually improve voter turnout‚ by using a get-out-the-vote message. Facebook is utilized throughout the year as a channel to influence its users‚ but Political campaigns have recently started taking advantage of this tool to reach out to
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A Federal Governing system is one in which the powers of government are divided between a central government and several local governments. An authority superior to both the central and local governments makes this division of powers on a geographic basis; and that division cannot be changed by either the local or national level acting alone. Both levels of government act directly on the people through their own sets of laws‚ officials‚ and agencies. In federalism‚ there is a written constitution
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businesses. Since the internet has become so important in today’s society‚ people have been debating whether or not it should be monitored. No one likes being watched‚ but what if that monitoring prevented a murder or a terrorist attack? I believe that the state and federal government should be able to monitor the internet because it is a public place where people should have nothing to hide‚ the constitution has no provisions protecting internet privacy‚ and because monitoring the web can prevent crimes
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