Agency relationships

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  • After reading this chapter, you will be able to answer the following questions: What is agency law? How is an agency relationship created? What are the different types of agency? What are the different types of agency relationships? What are the duties of the agent and principal? What are the rights and remedies of the agent and principal?

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  • Chapter 35 provides knowledge of the agency relationship. When you finish this chapter, you should: know how an agency relationship is created and terminated, distinguish employees from nonemployee agents, recognize when an agent risks breaching a fiduciary duty.

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  • Chapter 35 - The agency relationship. When you finish this chapter, you should: know how an agency relationship is created and terminated, distinguish employees from nonemployee agents, recognize when an agent risks breaching a fiduciary duty.

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  • Chapter 19 - Agency and liability to third parties. After reading this chapter, you will be able to answer the following questions: How is an agency relationship created? What are the different types of agency? What are the different types of agency relationships? What are the duties of the agent? What are the duties of the principal? What are the different types of authority of the agent? Do the principal and the agent have any contractual liability? How so?

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  • CHAPTER 1 An Overview of Financial Management Career Opportunities Issues of the New Millennium Forms of Businesses Goals of the Corporation Agency Relationships 1-1 Career Opportunities in Finance Money and capital markets Investments Financial management

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  • There are many people and organizations to whom we are very grateful for their help and support in producing this book. Whilst many of our colleagues in the School of Hospitality, Tourism and Leisure at the University of Wales Institute, Cardiff (UWIC) gave us invaluable support in our research for this book, we would especially like to thank Julia Fallon, Diane Sedgley and Dr Eleri Jones.

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  • To start the preface of the last edition, we wrote, “The selling profession is at a critical time. For that past two years, Manpower, the placement agency, has reported that sales is the most difficult job to fill. Never in our 20 years of teaching sales have we seen the demand for professional salespeople to be so great, which presents you with a great opportunity. You have an opportunity to participate in a period of rapid change for the sales profession as you prepare young people for a career.” Then the economic tsunami hit, and things changed rapidly.

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  • A few databases are reloaded on a regular basis. A database reload means that the entire contents of the database are replaced with revised content. MEDLINE® is a database that is reloaded each year to reflect revised medical terminology applied by the National Library of Medicine to all the records in the database. Database sources Dialog databases come from many sources, including publishers, professional societies, research centers, government agencies, and from sources within Thomson.

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  • While many studies have focused on estimating a relationship between pollution and health, they have largely neglected to consider that pollution exposure is endogenously determined if individuals make choices to maximize their well-being. People with high preferences for clean air may choose to live in areas with better air quality. People can respond to a wide range of readily available information on pollution levels by adjusting their exposure. Failing to appropriately account for such actions can yield misleading estimates of the causal effect of pollution on health. ...

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  • In countries such as India, Indonesia, Mexico, and China, the popu- lation growth rate is very high. The governments in these countries are concerned about their ability to feed and care for an ever-increasing pop- ulation. China has given the most attention to family planning. In 1970, China began an official “one child–one family” policy. In each commu- nity in China, government agencies work with couples to reach this goal. The rate of population growth has declined in China, but other social problems are developing.

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  • A ‘rule of law’ approach would promote mutual agreements and investments, but be much tougher on their implementation. For example, the European Commission should be given political support to apply competition policy in the energy sector, and to investigate some of the more dubious deals between Russian and EU companies. More generally, the EU should demand the enforcement of the growing number of agreements which have not been implemented – the PCA, the four Common Spaces and the European Energy Charter.

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  • Coinciding with the option explosion, a large academic literature has emerged (See Murphy, 1999, for a summary) that examines the way in which executive compensation, and stock options in particular, has affected the agency relationship. The evidence suggests that the low pay-to- performance relationship estimated by Jensen and Murphy (1991) has been dramatically strengthened by the stock option explosion since executives now generally have very large holdings of company stock and stock options in their portfolios (Hall and Liebman, 1998).

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  • Marketing has come full circle – from the person-to-person selling of the village corner store of times gone bye, to the impersonal world of mass media and mass merchandising, and now back once again to highly personalized customer contact strategies and an era of relationship based marketing. All this has been made possible by the wide proliferation of information technology and new interactive media (Rapp and Collins 1996). This progression from personalized to mass marketing and now back to personalized marketing has been a result of multiple environmental variables.

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  • In the last two decades, European Union (EU) administrative law has gone through a process of extraordinary development and consolidation. It first developed as a body of principles and rules aimed at governing, on the one hand, the action of the EU public powers (such as the action of the Commission in the fields of State aids and competition), on the other hand, the action of the national administrations operating as decentralized EU agencies (e.g. the action of national public administrations in the field of public procurement)....

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  • In the early years of Moody’s, Standard, Poor’s, and Fitch, they earned revenue by selling their assessments of creditworthiness to investors. This occurred in the era before the Securities and Exchange Commission (SEC) was created in 1934 and began requiring corporations to issue standardized fifi nancial statements. These judgments come in the form of “ratings,” which are usually a letter grade. The best-known scale is that used by Standard & Poor’s and some other rating agencies: AAA, AA, A, BBB, BB, and so on, with pluses and minuses as well....

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  • Chapter 10 - Corporate governance. Studying this chapter should provide you with the strategic management knowledge needed to: Define corporate governance and explain why it is used to monitor and control managers’strategic decisions, explain why ownership has been largely separated from managerial control in the modern corporation, define an agency relationship and managerial opportunism and describe their strategic implications,...

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  • Chapter 34 - Liability to third parties and termination. After studying this chapter you will be able to understand: Under what circumstances might a principal be held liable to a third party on a contract negotiated by an agent? Under what circumstances might a principal be held liable for the tortious behavior of its agent or independent contractor? How can an agency relationship be terminated?

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  • Human resources alignment means integrating decisions about people with decisions about the results an organization is trying to obtain. By integrating human resources management (HRM) into the agency planning process, emphasizing human resources (HR) activities that support broad agency mission goals, and building a strong relationship between HR and management, agencies are able to ensure that the management of human resources contributes to mission accomplishment and that managers are held accountable for their HRM decisions.

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  • Human resources alignment means integrating decisions about people with decisions about the results an organization is trying to obtain. By integrating human resources management (HRM) into the agency planning process, emphasizing human resources (HR) activities that support broad agency mission goals, and building a strong relationship between HR and management, agencies are able to ensure that the management of human resources contributes to mission accomplishment and that managers are held accountable for their HRM decisions...

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  • International Travel Agency has just connected two regional headquarters to San Jose using Frame Relay in a hub-and-spoke topology. You are asked to configure OSPF routing over this type of network, which is known for introducing complications into OSPF adjacency relationships. To avoid these complications, you must manually override the Non-Broadcast Multi-Access (NBMA) OSPF network type and configure OSPF to run as a point-to-multipoint network. In this environment, no DR or BDR is elected.

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