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
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the difference between myths and theories? Well that’s an easy question to answer isn’t it; myths involve fiction while theories involve facts‚ we should not make any parallels between science and superstition. There‚ we’ve answered the question‚ or have we? Although many people will agree that myth and theory are two totally different things‚ I would debate that the line between the two is much thinner than one would think. In fact in some cases the line is inexistent and myths make up theory‚ just
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2.1 Motivation - Maslow’s Hierarchy of Needs Theory As shown in the diagram‚ Maslow’s Hierarchy consists of 5 levels which are separate into higher and lower levels. Physiological and safety needs are consider as lower-order needs ; social‚ esteem and self-actualization are consider as higher-order needs. Physiological needs are food‚ drink‚ shelter‚ sex and other physical requirements. If the physiological needs are relatively well gratified‚ there then emerges a new set of needs‚ which we may
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of convergence and divergence are clearly defined within two distinct paradigms of ER. Convergence is modelled on the association that all ER will converge or become uniform (Kerr et al 1960) throughout the globe. While convergence supporters may provide a somewhat utopian view‚ the principles behind convergence are idealistic in their view. This concept is streamlined while allowing for the transfer of human capital with little differences of awards‚ unionism and other factors. While this concept
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The two societies that are to be discussed are Modern Britain and the Old Order Amish. Family is a value that is shared by both the Amish and Modern Britain. Each values the word‚ family‚ in different ways. The Amish have a strong belief that family is sacred. Amish take their wedding vows seriously. Divorce is not sanctioned in the Amish church‚ though may occur in rare cases. Divorce is seen as reason for excommunication. Separations‚ however‚ do occasionally occur among Amish. Within
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1. INTRODUCTION A desire to understand how to improve relationships has fueled the study of interpersonal communication. People assume that if they better understand the processes of interpersonal communication‚ they can explain how relationship grow‚ remain static or deteriorate (Knapp‚ in Robert‚ 2000). Ever since scholars demonstrated that people grow personally and relationally through communication‚ scholars have been sensitive to the importance of interpersonal interaction. According
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Conflict theory and functionalism are two different theoretical perspectives that sociologists can have that allows them to make sense of a sociological event. Conflict theory is the idea that an individual or a group competes against others in society to obtain the greatest benefit. As a result of this competition‚ society is unstable due to the consistent change that occurs from conflict and inequality among groups. Functionalism can be thought of as the opposite of conflict theory because functionalists
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Question 2 Q.2.1 1. The pilot- Vestibule or Simulation 2. The new receptionist- Role-playing 3. The junior manager- Case-study Q.2.2 Alderfer’s ERG Theory: • Existence needs- relate to a person’s basic‚ material‚ existence‚ for example‚ food‚ heat and safety needs. • Growth needs- driven by the inner desire for personal development‚ for example‚ respect and self-actualisation. • Relatedness needs- stresses the importance of interpersonal and social relationships. Q.2.3 Market means a group
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Maslow ’s Hierarchy of Needs Theory Pablo Valdez Liberty University Abstract The pyramid of Maslow is a psychological theory proposed by Abraham Maslow in 1943‚ who formulated a hierarchy of human needs and argues that he as basic needs are met‚ human beings develop needs and highest desires. The hierarchy of needs Maslow is represented as a pyramid consisting of five levels whose main idea is to higher needs to occupy our attention only when our lower needs have been met. I.e.‚ only we care
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Math plays a vital role in our lives; we use it daily without even realizing it. For example‚ when we go to the store we make sure that we have enough money to pay for our things. See‚ this shows we use simple math every day. Many times‚ the question of “When are we going to use this in life?” has been asked. Many fail to realize it can help us make important life decisions and complete our everyday tasks. Math is very universal it is taught all throughout the country. It can help us to spend money
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