The Agency Cost Problem or Principal-Agent Problem‚ which is believed‚ arises from the separation of ownership and control‚ could be mitigated in many ways. In their paper Jensen and Meckling (1976) mention that if a company fully owned by its managers‚ they will work on maximizing its value. But if a fraction of this equity owned by managers is sold to outsiders‚ the risk borne by them now will have fewer fractions than before. This will be one of the main reasons for management to act on maximizing
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Several years ago‚ Acme Mineral Extraction Company introduced teams in an effort to solve morale and productivity problems. Acme used highly sophisticated technology‚ employing geologists‚ geophysicists and engineers on what was referred to as the brains side of the business‚ as well as skilled and semi-skilled labor on the brawn side to run the company’s underground extracting operations. The two sides regularly clashed‚ and when some engineers locked several operations workers out of the office
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suffering exists in this world? An excellent question‚ one to which we as human begins may unfortunately never know the proper answer to. Albert Camus’ book “The Plague” offers a valid response to the problem of evil and suffering because‚ it offers a more rational understanding of the puzzle that is the problem of evil and suffering while‚ it simultaneously encourages resistance to evil. The story accomplishes this by having the reader experience the reality of natural evil through the eyes of various
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Programming Problems For each of the following Programming Problems‚ use the top-down modular approach and pseudocode to design a suitable program to solve it. 1. a. Input names of students from the user‚ terminated by ”ZZZ”‚0‚0‚0‚ and create a data file grades with records of the following form: student (String)‚ test1 (Integer)‚ test2 (Integer)‚ test3 (Integer) b. Display the contents of the file grades created in Part a. Each student’s record should appear on a separate line and include
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of experienced employees due to retirement. Railroad companies are in need of software tools to decrease their dependence on people. Ravindra Ahuja‚ Krishna Jha‚ and Jian Liu created algorithms to solve the railroad blocking and train scheduling problems. Reducing railroad blocking is critical for the railroad industry in order to save cost. A shipment can travel through many train yards on its way from its starting point to its destination. An Incoming shipment is sorted and grouped for placement
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The Free Rider Problem The free rider issue has become one of the most serious economic issues today. The free rider is a lazy type person who wants the benefits that others bring in without having to do the work. The free rider typically takes advantage of a public good. Living in a civilized society presents many opportunities for free riding‚ which we have yet to find a way to control. Economists regard the possibility for free riding as a problem for the free market‚ which usually leads
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9-Step Problem Solving Model Scenario One Reflection Paper This paper discusses the effectiveness‚ challenges‚ and application of the 9-Step Problem Solving Model with respect to the scenario involving USAuto and AutoMex. The effectiveness of USAuto’s attempt demonstrates the importance of correctly following each step of the model to obtain maximum success. Effectively applying the 9-step model shows faults that USAuto made during their initial problem-solving attempt. We also discuss challenges
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PROCESS of PROBLEM SOLVING and DECISION MAKING Teamwork is important to organizations in this entire world nowadays to be successful and to have control in the market. Teamwork is basically defined as problem solving group of people who have a variety of skills and strengths to obtain the most perfect solution. Teamwork is one of the main goals for organizations to make sure that they are on the right track in obtaining their visions. There are many ways that organizations put their
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In distinguishing social problems fro crime‚ it is imperative to note that social problems are defined as conditions which threaten the well being of a society as a whole. These conditions may characterize forms of moral decadence in manner that can not be accurately qualified as criminal .To effectively draw the line between social problems and crimes one has to draw in examples here. Examples of social problems are corporate corruption; shortage of education resources‚ poverty‚ drug abuse‚ aging
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Air plane I. High Speed: Air transport is the fastest mode of transport and therefore suitable carriage of goods over a long distance requiring less time. There is no substitute for air transport when the transport of goods is required urgently. II. Quick Service: Air transport provides comfortable‚ efficient and quick transport service. It is regarded as best mode of transport for transporting perishable goods. III. No Infrastructure Investment: Air transport does not give emphasis on construction
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