Principal –agent conflict arise because managers & shareholders view the role of the corporation differently. Investors see corporation as investment vehicles. Shareholders want corporate managers to work diligently and efficiently towards the simple goal of maximizing the value of their ownership stake. However‚ the relationship between the managers of a corporation and its owners is complex. The principle of self-interested behavior tells that people‚ including managers and stockholders‚ work
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FASB Codification Research Project #1 (a) Briefly describe how pension gains and losses are accounted for. According to FASB ASC 715-30-35: 35-21 Gains and Losses Gains and losses that are not recognized immediately as a component of net periodic pension cost shall be recognized as increases or decreases in other comprehensive income as they arise. Accounting for plan terminations and curtailments and other circumstances in which recognition of gains and losses as a component of
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The Ten Principles of War. The ten principles of war are applicable throughout the spectrum of conflict‚ regardless of the campaign theme. Commanders at all levels‚ guided by the desired objectives‚ must consider each principle and strike a balance between the competing demands of the various principles. The ten principles of war are: The Ten Principles of War. Selection and Maintenance of the Aim. Maintenance of Morale. Offensive Action. Surprise. Security. Concentration of Force
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The 8 Principals of Data Protection The Act regulates the use of “personal data”. To understand what this means we need first to look at how the Act works or defines the word “data” Data means; information which- a) is being processed by operating automatically in response to instructions given for that purpose. b) Is recorded with the intention that it should be processed. c) Is recorded as part of a relevant filing system with the intention that it should form part of relevant
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1.1 Explain the function of assessment in learning and development □ Functions‚ e.g. measurement and recording of achievement‚ Identification of individual student needs‚ formative or summative Assessment‚ fit for purpose‚ assessment against standards and Performance/assessment criteria‚ monitoring development‚ evidence For performance review/targets/benchmarking‚ contributing to Quality assurance‚ development of best practice. 1.2 Define the key concepts and principles of assessment □ Purpose
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Weekness High cost is the real shortcoming of Apple on the grounds that there is a solid finish in business sector now‚ and the buyer of Apple items can without much of a stretch get the comparable capacity items by its rivals in a lower cost. Diminishing piece of the pie can be created to less impact its clients to utilizing shut environment of Apple. Apple Company is frequently faulted by different organizations to defying their licenses furthermore it has lost a few trials also. Such sort
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creating discipline problems and pulling down test scores. Parents in the community complain that open enrollment families are not paying taxes to the school and are not committed as community members. By analyzing this policy and determining what is working and what is not working important recommendations can be made for improvement in this policy for all of the stakeholders at Champion Schools. Policy History and Background Open enrollment was established in 1989 as a pilot program through Senate
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Inspite of having a very rewarding time in my career‚ I still feel that there a lot of things which I should instill in me. To satisfy my desire for success‚ I believe I should be a complete package and for which‚ I should continue my quest for knowledge. After gaining a substantial experience in business world‚ to leverage on this strong foundation to pursue an MBA is the next logical step. I am very excited to learn the diverse facets of management and their interdependencies to operate as
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Freight Forwarders can act as either a Principal or Agent. Describe in your own words the differences between each. Under what circumstances might a Freight Forwarder want to act as either a Principal or Agent? When Freight Forwarders act as principal‚ they assume all responsibility and liability for the pick-up‚ handling‚ transporting and delivery of the shipment as a regular common carrier would. Their name is on the BOL. When a Freight Forwarder acts as an agent‚ their liability ends once
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elaborate upon the duties that a principal owes to an agent. Answer: An agency is the creation of a contract entered into by mutual consent between a principal and an agent. By agency‚ a principal grants authority to an agent to act on behalf of and under the control of the principal. A principal owes certain contractual duties to his/her agent by an agent will serve the principal loyally and with obedient. The principal duties can be found in section 172
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