AUDITING‚ AND THE THEORY OF THE FIRM: SOME EVIDENCE* ROSS L. WATTSand JEROLDL. ZIMMERMAN Universityof Rochester I. INTRODUCTION RXecent developments in the theory of the firm emphasize the importance of monitoring the performance of parties to the firm.1 Jensen and Meckling2 hypothesize that an audit is one type of monitoring activity that increases the value of the firm. An audit by someone independent of the manager reduces the incentive problems that arise when the firm manager does not own
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ABANTO‚ CATHERINE S. CRUZ‚ PAULINE B. REVILALA‚ MARIA TERESA L. BSA- 4A STUDIES ON THE FAMILY by Antonette Palma- Angeles (Reaction Paper) Family is the basic unit and “cell” of society. This article talks about the evolution of family relationships and how these events gave an impact on our current family situations. Before‚ Patriarchal family exists where people create a family because it is mandatory to have children to guarantee their future. The father is the master of the house and the
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Economics 201 notes Chapter 1 : First Principles • Economics is science of decision making • individual choice is the basis of economics • methodology = cost-benefit analysis • If it does not involve choice‚ it isn ’t economics. • Resources (something used to produce something else) include capital like tools and equipment‚ land like natural resources and labor • Resources are scarce • Opportunity cost are all costs that you must give up to get it. • trade-off is the
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Yiddish Short Essay When watching the film‚ The Great Dictator by Charlie Chaplin‚ one word came into mind immediately‚ resistance. Resistance is defined as the refusal to accept or comply with something; the attempt to prevent something by action or argument. In this film along with the book Dignity and Despair and the movie The Pianist‚ there was a large portrayal of resistance especially in the ghettos. Each text depicted a different challenge of resistance they performed against the Nazi
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Alina Rozental Mrs. Muzaurieta English 9‚ pd 1A 12/19/2012 9th Short Stories‚ Formal Essay Final “Poor people put a low value on themselves and their efforts” (Daymond John). This represents the great work many underprivileged people must go through to earn simple things that would be easy to acquire for people of a wealthy society. People trapped in a lower class have a difficult time attaining happiness. A poor maid’s daughter struggles for a simple friendship and to gain respect from her
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Beauty is defined as the quality present in a thing or person that gives intense pleasure or deep satisfaction to the mind‚ whether arising from sensory manifestations (as shape‚ color‚ sound‚ etc.)‚ a meaningful design or pattern‚ or something else (as a personality in which high spiritual qualities are manifest). However‚ beauty has been topic of debate in terms of its definition. In order to see what is special about pleasure in beauty‚ we must shift the focus back to consider what is special
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This short essay will focus on the “The Cask of Amontillado” by Edgar Allen Poe‚ in particular‚ his use of dramatic irony and the tragic disparity of awareness we‚ as the reader‚ are privy to. Poe uses irony to cast a sarcastic undertone over his dark story and create a personal‚ almost fraternal relationship between the narrator and the reader. Poe establishes this relationship in the story’s opening referring to the reader directly as ‘you‚ who so well know the nature of my soul’ (Poe). The
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Department of Sociology Sociology 201 Second Examination Prep Questions 1. True or False? The theory of primordialism in your text is the same as the biological theory of racial crime by van den Berghe that we discussed in class. A. True. B. False. 2. The petite bourgeoisie to Marx is the _____ to Wright. A. Bourgeoisie. B. Proletariat. C. Managerial class. D. Small business owners. E. Lumpenproletariat. 3. According to Matthews‚ the _____ is the most likely to be happy
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Maori 102 Short Essay Haka From an early age‚ New Zealanders from all across Aotearoa have grown up accustomed to the traditional genre of Maori dance known as haka (a challenge‚ song or dance). Exposure to haka is somewhat inevitable given the numerous occasions and reasons haka is performed. Many New Zealanders would associate previous experiences of haka with the likes of the All Blacks‚ childhood school trips to the marae (communal and sacred place that serves social purpose)‚ high school (Murray
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How do the writers interest and satisfy the readers? In this essay‚ I will be analysing three short stories and will be explaining through my writing how the stories interest and satisfy the readers. I will express the aims of the stories through the eyes of my writing and evaluate the short stories in detail. The stories that I will be analysing are all set in different places. The first short story I will be focusing on is “The Sniper”. This is a story written by Liam O’Flaherty‚ which is set
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