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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Local Studies With the modern trends of technology nowadays‚ children are prone to harmful effects that gadgetry brings. About 60 to 70% of kids around the world ages 10-17 years old are hooked up to cellular phones. They spend up to 5 or more hours calling‚ sending texts or just playing. Ma. Sheila Escuro(2009) says that‚ “Usage of this gadget can be controllable. Its up to the parents to teach their child to be responsible on their mobile phones‚ to ask them to pay-up when their
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programs based on police-work; proliferation of police dramas‚ their portrayal of different means of committing and solving crime‚ and the depiction of law enforcers themselves can hamper and aid actual police work in a big way. Which drives which? Does fact derive from fiction or does fiction reflect fact? It is probably a bit of both‚ with real life providing the background/template for fictional action‚ but how much can a TV show influence what happens in real crime fighting? Police dramas affect
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Federal Contracting Activities and Contract Types Sandra Greene BUS 315 Dr. Lena Maslennikova 10 December‚ 2012 Federal Contracting Activities and Contract Types This paper will discuss Booz Allen Hamilton. It will briefly discuss its history and then go into who they are today. Finally‚ it will cover a major contract that they have recently acquired along with a few particulars of that contract. Edwin G. Booz started his first
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Agency Theory Agency theory is widely used in different companies‚ businesses and organizations Agency Theory is basically about the association between the boss‚ which is the Principal‚ and the worker‚ which is the Agent. A good example for an application of the Agency Theory would be sharecropping‚ where the Principal is the landowner and the Agent is the farmer. Another example for the Agency Theory in a more familiar organizational structure would be the relationship between a company’s shareholders
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Local Literature According to Manila Bulletin (Tariella‚ 2014) entitled “Rural Tourism and Community Development”‚ it states that rural areas are becoming popular destinations because of cuisine. Most of the tourists look for attraction‚ activities such as festivals in different rural areas‚ authentic rural cuisine‚ and amenities of the area. This is the way to promote the Culinary Tour here in our country. Many of the residents in rural areas also have their own local unique food which visitors
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2.1 Local Student Attendance Monitoring System. Student Attendance Monitoring System is a gate pass management system with a network-based system that will monitor the presence of the student inside the campus and directly send information to their parents/guardian regarding the absence or the cutting of a class of their child/ward upon checked by the teacher on that day. This system is essential to the elementary and secondary school institution to prevent the cutting classes of the students and
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Even before the creation of the Federal Reserve‚ banks were used by the public just as we use them today. Deposits were made into savings accounts. Loans were taken out to mortgage a home or finance a new business. Banknotes were issued and spent when the public borrowed from the banks. Borrowers spent these banknotes just as paper money is spent today. These bank notes were valued as money since they were backed by the promise that they would be exchanged on demand for either gold or silver
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Section II - Part A (Document-Based Questions) To what extent did the Federalist administrations of George Washington and John Adams promote national unity and advance the authority of the federal government? George Washington and John Adams were the first two presidents of the United States. As they had just fought a civil war against their oppressive mother country‚ it was only fitting that they were federalists. Federalists believed in national unity and a strong central government. They knew
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How Cancer Cells Differ From Normal‚ Healthy Cells Cancer cells are very different from healthy cells. Healthy cells grow and divide like they are suppose to‚ whereas cancer cells do not grow and divide in a healthy way. So instead of acting in healthy ways as the body needs to function the cells begin to grow in unhealthy ways and affect all other cells. (http://biology.about.com/od/cellbiology/ss/normal-cells-cancer-cells.htm) There are many things that can happen to us that can cause our healthy
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