relationships are administrated by implicit or explicit contracts between agents and principals. The assumption of agents’ self – interest which contradicts with the principals’ interest is the basis of the agency problem. According to Alawattage and Wickramasinghe‚ agency theory suggests two fundamental reasons for the agency problem. First is the goal contradiction between the agent and principal. Second reason is the information asymmetry between the agent and principal. Principal does not know the amount
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Understanding wood Trees are in essence‚ plants that can be harvested. If most plants have a fairly short rotation time‚ measured in week or months‚ depending in what kind of soil they are growing or in which type of climate‚ trees are a bit more permanent. What we mostly use from a tree‚ it’s its trunk. Of course there are oils and resins‚ but wood would be by far the ‘ingredient’ we use the most from a tree. That trunk‚ stays upright for years and it gives the tree the possibility to constantly
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There are four main types of dreams—daydreams‚ normal dreams‚ false awakenings and lucid dreams. 1) Scientific studies reveal that most people daydream for a 70-120 minutes per day. During this time‚ you are only semi-awake - not asleep‚ but not fully checked-in with reality‚ either. It starts with a compelling thought‚ memory‚ or fantasy about the future‚ and your imagination runs away. The longer you daydream‚ the deeper you become immersed in your private fantasy land. In daydreams‚ the right
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Initially faced with disgust and contempt by the indigenous peoples they conquered‚ the Amorites of ancient Mesopotamia were nonetheless able to bring about extraordinary societal change to the land between two rivers. Unbeknownst to themselves‚ the Amorites set the model for future land-hungry nomadic groups to follow. Notably‚ the Mongolians in the 13th century followed in the steps of the Amorites to realize a comparable demographic shift. Although both Amorites and Mongols alike were able to
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Phil McGraw once said “There’s a big difference between infatuation and falling in love.” In both stories ‘Araby’ by James Joyce and‚ ‘A&P’ by John Updike‚ two very diverse young men feel they are in love with a girl whom they know very little about‚ and who do not notice them in a romantic way‚ then later in the stories they grasp insight that they do not love these girls. On thus journey of coming to realization that it is not love but infatuation‚ both young men face a series of struggles
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What is the difference between the phases of internationalization and of globalization? Internationalization and Globalization are two terms that are often assimilated and sometimes used as synonyms. This is a mistake because these terms have many differences‚ starting with the time they began to occur. Internationalization started as part if the Industrial Revolution between 1870 and 1914‚ whereas globalization is a post 1960’s phenomenon. Other differences between these two terms include their
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an integral part in all of the music they produced: “He correctly identified Strayhorn as one of the most important people in [our] group - very seldom seen in public appearances‚ but always heard" (van de Leur 2002:141). “Take the A Train” was one of the few examples in which Strayhorn received all of the credit he rightly deserved. In addition to the numerous hit songs Billy composed‚ his musical style‚ above all else‚ is what led to his legacy being
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* Research is organised‚ systematic‚ data-based critical scientific inquiry or investigation into a specific problem‚ undertaken with the objective of finding answers or solutions to it. * Outcome: Information that enables managers to make decisions to rectify problems. * Data : Primary (first-hand) or Secondary (readily available); Quantitative or Qualitative Types of research: * Applied Research: Research done with the intention of applying the results of its finding to solving
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been famed for its progress in the arts and sciences. While both being developmentally different and butting heads sometimes‚ they both were integral voices on how similar democratic societies ran their governments up until today. The defining differences between the two is that Athens was a heavily class based Democracy‚ compared to Sparta which was more definable as being an Oligarchy. Different from the government structure
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Difference between copier and Printer Key Difference: A setup may be a photocopying device that permits users to create duplicate copies of a document or a picture‚ that too low-cost. Copiers use picture-taking technology that’s the same as the technology utilized in an electrostatic printer. The printer may be a peripheral that makes a solid copy of the digital information that’s diagrammatical on the pc screen. Printers are accustomed hook up with a laptop employing a USB or wirelessly. Copier:
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