and 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
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Describe and discuss at least two features of the psychodynamic approach. (10 marks) One main feature is the defence mechanisms. One assumption of the psychodynamic approach is that the personality is split into three parts; the id‚ the ego and the superego. Defence mechanisms are an unconscious response used when the ego is in conflict with the id and the superego and they prevent the ego from harm. There are four main defence mechanisms; Denial‚ Displacement‚ Rationalisation and Sublimation.
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Describe two business sectors you might want to work in if you were an accountant and why? Two business sectors that I might want to work in if I were an accountant would be the IRS and Government Accounting. I think the IRS would be very interesting and I would be curious on how they examine tax payer’s returns‚ confirm and collect taxes‚ enforce tax laws and preparing and analyzing revenue reports. I always said that if for some reason I become an accountant or anything dealing with money I would
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Unit 1 - Assignment 3 Outcomes Task 1 & 2 Pass - Describe the influence of two contrasting economic environments on business activities within a selected organisation Task 3 Merit - Analyse the impact of changes in demand and supply on a selected business Distinction - Evaluate to what extent a selected business is likely to be affected by changes in the economic environment The managing director of Spangles Ltd was looking at some UK economic forecasts which had been given to him.
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Describe at least two benefits if using enterprise systems. Enterprise system is an integrated enterprise-wide information system that coordinates key internal processes of the firm. Set of integrated modules for applications such as sales and distribution‚ financial accounting‚ investment management‚ materials management‚ production planning‚ plant maintenance‚ and human resources that allow data to be used by multiple functions and business processes. Enterprise systems
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Describe at least two strategies for effective time management To ensure effective time management‚ work spaces should be kept neat and organised‚ if tidy and methodical then time will not be wasted on searching for resources and information You should also take advantage of delegation. Delegation happens when you give one of your staff members a task to complete which‚ currently‚ you undertake. This ensures that managers can get on with more important tasks‚ it will allow subordinates to develop
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Describe and evaluate at least two biological treatments for schizophrenia Biological treatments arise from the medical model of abnormal behaviour‚ which considers mental disorder to be an illness of disease resulting from underlying biological factors. Most people with schizophrenia receive some form of drug therapy. Drug therapy is the most common treatment‚ using antipsychotic drugs. Antipsychotic drugs aims to help patient function as well as possible and increasing patient’s feelings of well
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Business Situation 1 1. Summarize the factors which you believe would cause an explosive demand for the new tea by using the economic factors that drive the demand for any product. According to Hubbard and O’Brien (2013) the market demand is the demand by all consumers of a given good or service (p. 76). Variables that drive market demand include: price‚ income‚ prices of related goods‚ tastes‚ population and demographics‚ and expected future prices. The law of demand is‚ holding everything
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A Business Ethical Duty: Social Responsibility Joe McClendon Western Governors University A community business has a social responsibility to its local community‚ its employees have an ethical duty their employer‚ and management has business responsibility to act in the best interest of stakeholders. Company Q is a small local grocery store chain located in a major metropolitan area. The company is struggling internally with ethical integrity and social responsibility. Company Q’s ethical
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1.1 Describe the duties of your own work own work role. In my work role my duties are as follow; Punctuality To turn up to work on time wearing correct uniform ‚ hair tied up‚ minimal make up‚ and no jewellery. Safe Guarding To make sure all safe guarding policies are been followed for example the safe door policy. Keeping children safe Ensure all children are safe and happy within the setting. Keeping walk ways‚ fire exits and doorways clear. Doing regular risk assessment checks throughout
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