Reasons behind traffic jam in Dhaka city (a) City lay-out (master plan) and over-population: The causes of traffic congestion in Dhaka city are multifarious. Starting from the city itself, it is observed that the skeleton, structure and lay-out of Dhaka City are not well-planned and well-directed. Dhaka is also a highly populated city. More than one crore people live here and the figure is increasing day by day. This huge population acts as an auto-catalyst of traffic congestion in Dhaka City
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to have no qualms about being driven around by a computer. With testing due to start this year in Bristol, Coventry, Greenwich and Milton Keynes, it’s now vital for the UK government to win over opponents and “don’t knows” alike. These cars are intelligent transport mix is important element of a smart city and that is what the government is aiming to build. These cars will be able to access targeted, fast and efficient transport systems as well as will have the biggest impact on the wellbeing of the
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Keller Williams operates as a franchise organization in Austin, Texas, founded by Gary W. Keller and Joe Williams in 1983 (Wikipedia, PG 1). Though Keller Williams is a firm, which holds liability or responsibility, and which mentor’s and supervises agents. This organization expanded rapidly from the commencement of franchising in 1991 through the expansion into Canada in 1998, the largest real estate company in the United States as well as Canada. If you thought this was an exponential growth rate
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Mankamyer never identified herself as a real estate agent. 3. Mrs. Ward thought Ms. Mankamyer was showing the properties as a gesture of good will. Question- What conflicts of interest do you see here? Marty Mankamyer works for the USOC and as a real estate agent. She recruited Mr. Ward into the company she works for and make a commission on the property he purchased on the side. Furthermore, she was not upfront about her real estate agent status. Her first responsibility is to the USOC, and
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ESTATE AGENCY AFFAIRS ACT BY ESTATE AGENT AND MANAGING AGENTS 16. Applications for and issue of fidelity fund certificates and registration Certificates. 1) Every estate agent or prospective estate agent, shall, within the prescribed period and in the prescribed manner, apply to the board for a fidelity fund certificate, and such application shall be accompanied by the levies. The Act defines an estate agent as any person, estate agent, managing agent who operates as such and is paid a fee
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with manager-agent known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders, should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating mangers? The dimensions of the principal agent problem are: Principals lack of knowledge, skill, time than agent. The objective for principal and agent is difficult
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Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure Michael C. Jensen Harvard Business School MJensen@hbs.edu And William H. Meckling University of Rochester Abstract This paper integrates elements from the theory of agency, the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We define the concept of agency costs, show its relationship to the ‘separation and control’ issue, investigate the nature of the agency
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correct the situation? As we know that agency costs exists in most corporations since the separation of ownership and management in large businesses. Shareholders are the principals and owners; managers are the stockholders’ agents. The problem is to get between shareholders and managers since they have different objectives. Shareholders’ goals are maximizing firms’ value, managers’ goals are benefit themselves, thus the conflicts rise in the company. In this report through
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existence of two groups of people; principals or superiors and agents or subordinates. The principals will delegate decision making authority to the agents and expect them to perform certain functions in return for a reward. Both the principals and the agents are assumed to be rational economic persons motivated solely by self-interest but may differ with respect to preferences, beliefs and information (Jensen and Meckling, 1976). The principal/agent relationship can exist throughout any organisation and
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another party, the agent who performs that work. In the context of corporation, the agents are the managers and the principals are the shareholders. Agency theory as related to the corporation is set in the context of the separation of ownership and control as described in the work of Berle and Means (1932) Agency relationship Agency relationship is defined by Jensen & Meckling (1976) as a contract under which one or more persons (the principal(s)) engage another person (the agent) to perform some
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