3) Outline and briefly evaluate the view that agencies of socialisation create marginalised ethnic identities. (24 marks) Socialisation is the process individuals go through when learning the culture of their social group. There are lots of agencies that take part in socialising an individual including education‚ religion and the media. I will explain how some of these agencies contribute to create marginalised ethnic identities. These are people of minority background whose personality has been
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The Effectiveness of Pro-market Reforms‚ Ownership Structure and The Institutional framework at Addressing the Agency Problem and how Different Types of Firms in Transition Economies are affected by these measures. As economies grow‚ in order for businesses to retain market shares‚ they can no longer rely on organic growth‚ many seek external finance either through initial public offerings or through banks‚ mutual funds and insurance companies. Although there are many side benefits of pursuing
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in which we do business. We recognize that our success is not an entitlement‚ and we must continue to earn the trust and respect of customers every day.” Regulatory agencies have a huge impact financially on Starbucks as the company grows and expands it must meet all the regulations and acts within that area. Regulatory agencies are at multiple levels such as state‚ federal‚ and international levels. When dealing with international levels Starbucks must also deal with the local levels there as
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the second wave in the positive theory of accounting‚ focuses among other things on agency theory. What is agency theory? Elaborate the components of agency costs as described by Jensen & Meckling (1976). Answer: Agency theory is based upon the more general contracting theory that the most cost effective form of organizing economic activity is through a firm based structure. Jensen & Meckling describe agency theory is a contract under one party (the principle) engages another party (agent)
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9. CRITICALLY EVALUATE THE ROLE OF THE MAJOR NEWS AGENCIES IN THE PRODUCTION AND FLOW OF INTERNATIONAL NEWS. As the news media has rapidly developed into a modern‚ high-tech mass communication industry‚ it is playing an increasingly important role in different aspects: political‚ economy‚ social life‚ the development and peace between nations. Culture and beliefs flow across territorial boundaries‚ people in different countries can share ideas and information in ways both formal and informal (such
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Matthew Smith Agency Relationship Agency relationship is a consensual relationship between two parties‚ where one party‚ the principal‚ gives authority to another party‚ the agent‚ to act on behalf of and under the control of the principal to deal with a third party‚ thereby creating a fiduciary relationship. The law of agency allows one person to employ another to do his/her work‚ sell his/her goods‚ and acquire property on his/her own behalf. Although a principal-agent relationship can be
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TOPIC THREE: LAW OF AGENCY * Nature and Creation of an Agent * Duties of an Agent to his Principal * Duties of a Principal to his Agent * Termination of Agency Contract NATURE OF AGENCY What is an agency? Section 135 of Contract Act 1950: “Agency is the relationship which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others.” There are two types of agency contracts:- 1. Contract between principal & agent
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QUESTION: Explain what agency of necessity is and how it may arise. AUTHOR: KATALILO JOY INTRODUCTION This paper will explain what agency of necessity is and how this agency arises. Agency is the work done by an agent. An agent is a person that has a contractual obligation with a principal to bind the principal to a third party without the agent being party to the contract. The contract then becomes one between the principal and the third party. In lay terms‚ imagine parties A‚ B and
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Module Title: Finance Principles Module Code: 5AC002 Module Leader: William Coffie Student Name and Number: Qianhui MA(1223583) Date of Submission: 14th Jan 2013 Words: 1441 Agency Theory and Corporate Governance Introduction In 26th February 1995‚ the Barings Bank‚ one of the oldest banks of the United Kingdom was declared bankrupt. Nick Leeson‚ the trader of the bank in Singapore had lost $1.4 billion on derivatives trading while the bank reported capital was only about
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of Travel Agencies. Travel Agency is one of the service intensive industries and indispensible among the tourism business. But what is the specific role of travel agency in the hospitality industry and how does it affect the whole industry. Travel Agency is defined as a retail business selling travel-related products and services to customers on behalf of suppliers such as airlines‚ car rentals‚ cruise lines‚ hotels‚ sight-seeing tours and package holidays. When we say Travel Agency they are the
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