decisions for their own benefit, which on the other hand cannot be as beneficial for the shareholders. Conflict of interest between managers and shareholders leads to so-called agency problem. There are different ways by which shareholders can control the operations of management. Some of the measures that can be used to resolve and prevent this problem are subject of analysis in this paper. Keywords: management, ownership, shareholders, conflict of interest, asymmetrical information, corporate
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MARKET RESEARCH 1. Discuss the importance of attitude measurement, and describe tow different approaches to measuring people's attitudes toward a given object. There is a growing need among today's marketers to better understand their customer's attitudes and feelings toward the company's products, services, and delivery systems. Some researchers view "attitude" as a derived composite outcome of the interaction between a person's beliefs (i.e., cognitive thoughts) and expressed emotions (i
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Biblical concepts as written in Scripture underscore the importance of ethical behavior and its relevance in demonstrating to God we trust, believe and belong to Him. Society is built on a foundation of ethical principles important in both personal and business connections. This expected Christian behavior is the foundation of God’s desire for us to not only believe in right and wrong, but to live it through our actions. As references in Leviticus 19:35, “Do not use dishonest standards when measuring
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Integration to organizational behavior HRM according to Peter Drucker * Partly a file clerk’s job * Partly a housekeeping job * Partly a social worker’s job * Partly firefighting, heading off union trouble Strategic Importance of HRM Strategic Importance of HRM (application of key concepts) * Analyzing and solving problems from a profit oriented, not just a service oriented point of view; * Assessing and interpreting costs or benefits of such HRM issues as: * Productivity
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check on the cost of product/control on wastages, etc. The accounting used to study the various aspects of cost is known as cost accounting. In this lesson, you will learn about meaning, importance, limitations etc. of cost accounting. Notes OBJECTIVES After studying this lesson, you will be able to: state the meaning and scope of cost accounting; explain the objectives of cost accounting; differentiate between cost accounting and financial accounting; state importance of cost accounting; explain
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that environment, * b) its varying needs, * c) its particular objectives, * d) the products it provides, * e) the processes it employs, * f) its size and organizational structure. This International Standard can be used by internal and external parties, including certification bodies, to assess the organization's ability to meet customer, statutory and regulatory requirements applicable to the product, and the organisation's own requirements. Process approach This International
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fixed, variable and semi-variable overheads Calculate the direct cost of a product or service Enter income and expenditure data into a spreadsheet Explain how spreadsheets can be used to present information on income and expenditure and to facilitate internal reporting Enter budgeted and actual data on income and expenditure into a spreadsheet
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Case Study 2 -Internal Control Due by Sunday of week 5, 11:59PM, Mountain Time LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his company if they go public so he met with a colleague of yours at a local restaurant. The President of the company explained the current system of internal controls to your colleague
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Effective Information Security Requires a Balance of Social and Technology Factors EffEctivE information SEcurity rEquirES MIS Uarterly a BalancE of Social and tEchnology xecutive factorS1,2 Q E Tim Kayworth Baylor University (U.S.) Dwayne Whitten Texas A&M University (U.S.) Executive Summary 2 Industry experts have called for organizations to be more strategic in their approach to information security, yet it has not been clear what such an approach looks like in practice
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Effectiveness of Internal Audit as Instrument of Improving National Economic Development Authority (NEDA) Management CHAPTER ONE INTRODUCTION There is general awareness all over the world for the need to pay greater attention to the improvement of public sector management. The reason is obvious, government constitutes the largest single business entity and her pattern of expenditure through its various agencies and commissions stimulate lot of economic activities. As a result of these Government
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