Motivation is the process by which individuals are activated into putting an effort into achieving goals. In order to motivate employees effectively‚ three points needed to be aware: 1. Amount of effort: The more employees are motivated‚ the more effort they will put in work. 2. Company goals: Have a clear goal. If the employees’ efforts are not directed towards the goals‚ the company cannot benefit from their motivation to work. 3. Employees’ needs: Provide something employee needed in order
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who is employed by the principal to do certain act for him to represent him in dealings with 3rd party. Principal is a person who authorizes the agent to act on behalf of him. There are five formation of agency‚ which is by express appointment‚ by implied appointment‚ by ratification‚ by necessity and by the doctrine of estoppel or ‘holding out’. Firstly is formation agency by necessity. Section 142 stated that “An agent has authority‚ in an emergency; to do all such acts for the purpose of protecting
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Arvo Lake‚ a retired seventy-one year old man‚ bought an air conditioner in May. The unit was installed and operated according to the manufacturer’s specifications. Unbeknownst to Lake‚ the unit contained a hole in the refrigeration system that allowed Freon‚ the coolant‚ to escape from the unit. By August‚ the unit had ceased cooling‚ and Lake’s residence reached a temperature of at least 96 degrees Fahrenheit. The heat caused Lake to suffer from hyperthermia‚ which caused circulatory failure and
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gets plugged up‚ and the car engine overheats‚ causing motor damage. Silver Motors refuses to repair the engine under any warranty. Darrow claims that Silver is liable for breach of the implied warranty of fitness for a particular purpose‚ that the Magnuson-Moss Warranty Act prohibits disclaiming this implied warranty‚ and that the salesperson’s express warranty has also been breached. What are the merits of Darrow’s claims? Response: pg 425 Following the review of the question above as well
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a baseball bat from the defendant and the baseball bat turned out to be broken because‚ since as soon as the defendant used the bat to play baseball‚ the bat shattered into a million pieces. Shattering into a million pieces certainly violates the implied warranty of merchantability under the Uniform Commercial Code (UCC 2-314). No Industria De Calcados Martini Ltda. v. Maxwell Shoe Co.‚ 36 Mass. App. Ct. 268 (Mass. App. Ct. 1994) INDUSTRIA DE CALCADOS MARTINI LTDA. v. MAXWELL SHOE CO.‚ INC. No. 92-P-1322
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FINS 5535 Derivatives and Risk management Techniques Group Assignment Implied Volatilities & Volatility Smiles 1. Why does the target cell in the Solver minimization reference the control variate estimate of the American Put option instead of the value as implied by the tree? It is because that control variate estimate is more accurate than the implied value by the tree. The error of the binominal tree can be reduced by using it only to calculate the difference between the price
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and option implied forecasts☆ Guillermo Benavides a‚⁎‚ Carlos Capistrán b a b Banco de México‚ Mexico Bank of America Merrill Lynch‚ Mexico article info Article history: Received 26 February 2010 Accepted 5 July 2012 Available online 16 July 2012 Keywords: Composite forecasts Forecast evaluation GARCH Implied volatility Mexican peso–U.S. dollar exchange rate Regime switching abstract This paper provides empirical evidence that combinations of option implied and time series
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seller at the time of contracting knows about a particular purpose for which the buyer wants the goods‚ and knows that the buyer is relying on the seller’s skill or judgment‚ there is an implied warranty that the goods shall be fit for such purpose. 2. Does the phrase “AS IS” mean a seller has disclaimed all implied warranties? 281 The Code permits a
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H Partners and Six Flags Case # 1: In order to determine the enterprise value and recovery rates for each class of creditors implied by the April 2009 attempted exchange offer‚ we first had to determine the priority levels of the capital structure. We used Exhibit 7 in the Case documents to determine the priority levels of each class. The top priority class included the SFTP Revolver and Term Loan; the second priority class included the SFO Notes; and the third priority class included the SFI
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CPA Law Exam II Notes Chapter 19: Formation & Terms of Sales Contracts Sale of Goods: UCC Article 2. Applies only to transactions involving goods. (Personal Property: Depends on how property is used. Ex: Brick in building = Real Property. Brick in riot = Personal). If it’s a mixed trxn‚ the predominant part determines which law is applied. If goods are the incidental part‚ common law applies. Common law is for services and sale of real property. Lease: UCC Article 2A. Transfer of the
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