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
Premium Economics Contract
Between meiosis and mitosis there are many unique similarities and differences such that mitosis has four stages and meiosis has eight. Or a similarity where they both have no new gene combination when each of the cells splits after each of their processes. Many more of these similarities and differences will be explained throughout the text. Many similarities occur between meiosis and mitosis such that each process‚ after it has been gone through‚ result in no new gene combination. Each new cell
Free Chromosome Eukaryote Mitosis
Utilitarianism as an ethical theory Utilitarianism is the view that an act is right if it equals the greatest happiness for the greatest number of people. Utilitarians describe moral actions as actions that boost something good and lessen something that is bad. Virtue‚ knowledge‚ and goodwill are all good but they are only good if they give people a pleasurable existence. Pain is the only thing that is intrinsically bad. Utilitarians focus on the result of an act instead of the inherent
Premium Morality Utilitarianism Ethics
slender-snouted crocodile‚ n.d. and Platypus‚ n.d.b) because of human hunting activities. There are plenty of similarities and differences between the platypus and the slender-snouted crocodile in terms of appearance‚ behaviour‚ and breeding habits. First of all‚ two essential similarities and several differences in physical characteristic between the platypus and the crocodile can be found. The first similarity is the colour. The platypus and the crocodile are both brown. Besides‚ the platypus‚ which has four
Premium Mammal Crocodile Difference
contains a lot of categories; the most important category is healthcare. There are many types of health care; two of them are Primary care and Acute care. Understanding what is needed to be known about health care are the definitions‚ similarities‚ and differences between Primary care and Acute care. What is health and how it has evolved? All that will be explained as follows. In ancient times Human Beings were using traditional ways to heal the injured creatures‚ which depended on the region that they
Premium Health care Illness Medicine
and Legal Compliance “What does it mean to say that a rule would produce the best consequences?” The theory of “utilitarianism is a huge interest and influence. Additionally we may ask how “utilitarianism” is discussed and how might it be criticized or defended? Utilitarianism Jeremy Bentham an English philosopher and political thinker has been described as the modern father or utilitarianism. According to Law (2012)‚ “He defended the greatest happiness principle‚” which claims that an action
Premium Utilitarianism Ethics Jeremy Bentham
Austin Carlson 4/16/16 PHL 212 Ethics Final Paper I’m doing my final paper on John Stuart Mill’s utilitarianism theory. The source I’m using is Mill‚ John Stuart Ethics: History‚ Theory‚ and Contemporary issues‚ edited by Steven M. Cahn and Peter Markie 362-396. New York: Oxford University Press‚ 2012. Thesis: I will show how the greatest happiness principle (GHP) should have greater nuance so it won’t remove happiness from others in order to create more happiness. I’m taking two quotes out
Premium Poverty Wealth Utilitarianism
essay I will discuss Utilitarianism by first explaining how Utilitarians are consequentialists who base their actions on the pleasure of pain of their consequences. Secondly‚ Jeremy Bentham will be discussed as the propagator of the Principle of Utility which determines human self-interest and voluntary action to achieve the greatest good or greatest pleasure. Thirdly‚ I will discuss John Stuart Mills and his more complex version of Utilitarianism. To clarify the Utilitarian theory I will illustrate
Premium Utilitarianism John Stuart Mill Ethics
Define utilitarianism. Discuss how utilitarianism might be applied to contemporary organizational communication. Give examples of the results of this application. Utilitarianism is one of the major systems of ethics in which the ethical or right action is one that brings the greats good for the greatest number. It can be applied to achieve the total happiness for everyone in the organization‚ not just the larger corporation. By thinking about how major decisions will affect not only the employs
Premium Ethics Organization Philosophy of life
education system so that they can be successful in life. Although both high school and the university train students‚ there are some different points. This essay will analyze about the difference and the similarity between high school and university in terms of education. Similarity: A- The obvious similarity of two education system is teachers. These two kind of system education have good teachers who are trained in colleges or universities. Either high school teachers or university teachers
Free Education Teacher Student