...Management Cheeseman (2010) stated, “Express agency is the most common form of agency. In an express agency, the agent has the authority to contract or otherwise act on the principal’s behalf, as expressly stated in the agency agreement. In addition, the agent may also possess certain implied or apparent authority to act on the principal’s behalf”(p.461). A business owner needs to clearly define the responsibilities and authority that each employee holds. The business owner also needs to clearly state which individuals within the organization have the authority to enter into a contract on the organizations behalf. The author will discuss “The Nature of Agency video” and issues regarding express agency. The Nature of Agency video In the scenario described in “The Nature of Agency video” Non-Linear Pro sued Quick Takes Video for breach of contract on a three month lease agreement. Quick Takes Video leased some video editing equipment from Non-Linear Pro that didn’t operate according to Quick Takes Video expectations. Apparently when the equipment was delivered Janet an employee of Quick Takes Video mistakenly signed a three month lease agreement thinking it was a shipping confirmation request. The management of Quick Takes Video called their legal representative and discovered that it may be reasonable to assume by a third party that Janet had the authority to enter into a contract on behalf of the organization. Authority Within an organization employees operate at different...
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...The Nature of Agency In the Nature of Agency video several legal issue are presented. The issues revolve around a contract and the legal authority to sign into that contract acting as agent for the owners of the company evolved. The purpose for this paper is to analyze the different forms of agency covered in the video and determine if the employees had the legal authority to sign the company into a binding contract. Hal and Karen are partners that own Quick Takes Video. They are being sued by Non Linear Pro over a lease for editing equipment that Hal found to be unsatisfactory and returned before a lease expired. Non Liner Pro is seeking to recover monies owed to them for the lease of the equipment. Neither of the partners knew of; or signed the lease. The agreement was signed by Janet an employee of the company. Janet did not know she was signing a lease. It was not presented as a lease and Janet assumed it was a delivery slip. Quick Takes Video is arguing the nature of the contract because Janet did not know she was signing the contract, it was verbally expressed as a trial offer, and the product did not perform. This was the legal course for the company until Karen brought up the fact that neither she nor Hal had entered into a lease. Janet did not have the authority. This brings up the legal issue of agency. Did Janet have the authority to act as an agent and sign into a lease for the partners? Was she acting as an agent of Hal’s when she signed the lease agreement? ...
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...with danger in the matter. The danger is further than inquiries, with effectiveness, also the method with it. In this paper, it will talk about the part and nature of authoritative risk management in justice and security associations why it is essential. Getting ready for threats and distinguishing assets, the reason justice also security associations deal with risk, expenditure connected with overseeing risk, penalties for not supervising the risk, Benefits also accurately performed risk analysis has for management and key partners, also the conclusion. Therefore, the reader can have an in-depth, understanding of the security and criminal justice organizations. Role and nature of organizational risk management Risk management considered one, of the best assets that an organization could have. They make sure the business is financial safeguarded when finding different business endeavors they interested in investing into to broadening their company enterprise. “The Risk Management Function has been regarded as an advisory function for senior management rather than a control function within the business” (Martin, P., 2010). For that reason, it has made the risk managers essential when they view thing start; to take a turn for the worse however still disregarded from the senior management within the organization. Risk managers do not have the control certainly the responsibility, of the fulfillment task, which is capable of preventing certain conduct if...
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...The Guardian aired a report on the surveillance programs of the National Security Agency over one year ago. The report based on leaked information from one of the agency’s contractors named Edward Snowden. The national opinions from several interested parties concentrates on simplistic debates evaluating the tradeoff between individual privacy and national security. However, it is an important time for the government and other stakeholders to begin weighing the benefits and costs associated with the surveillance more carefully. In spite of the strong defense by intelligence officials in favor of the NSA programs, the officials fail to table any credible evidence in support of the benefits they suggest. In fact, some initial analysis of the programs indicates that the benefits are dubious. It is true that the United States is a target for terrorist and other malicious groups, state officials often use the threat as an excuse to conduct and promote the activities of the National Security Agency. It may be beneficial in the context of security, but the surveillance programs also jeopardize the activities and operations of other organizations and individuals within the United States. The impact of the activities of the NSA on other parties is a cause for an analysis of the economic effects realized within the economy of the United States by various parties. For the period that the National Security Agency has conducted its surveillance, through its programs, many nations lost trust in...
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...needed services. Nonprofit mental health agencies work to serve populations within the community of consumers of all walks of life. An integral aspect of the nonprofit agency is that of the human resource department, through which all communication and daily functions are implemented. Human resources ensure that employee matters are accounted for and contractual obligations are adequately implemented. Human Resource Practice It is with the human resource department that the employment process begins for any particular program. Within each program there is a program director, clinical supervisor and staff members. With ABC Mental Health Center, the human resource department is comprised of two individuals, a human resource worker and a human resource assistant to provide support in the daily operations of the agency. It is the job of the lead human resource worker to seek qualified candidates, review credentials, and...
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...A report to identify, discuss and assess the nature of Talent Planning in organisations 1. Introduction 2. Attracting talent 3. Diverse workforce 4. Factors that affect recruitment and selection 5. Recruitment and selection methods 6. Induction 7. Concluding statement 1. Introduction This report aims to assesses factors that affects organisations' approaches towards: attracting talent; recruitment and selection (including an investigatory approach to specific methods used); obtaining a diverse workforce; the process of induction (including a model of an effective induction plan). 2. Attracting Talent 3.1 Brand Identity “‘Brand Identity’: How a business wants a brand’s name, communication style, logo and other visual elements to be perceived by consumers.” (www.investopedia.com 07/10/14) An organisation with positive image will find it easier to attract and retain employees than the organisation with the negative image, this is due to the aspiration qualities associated with a positive image (i.e. wealth, style, charitable nature etc). A business who hasn't been well established in its market will find it more difficult to attract new employees than business who is well know, because it’s perceived to be more economically stable. 3.2 Economic Environment The economic stability and funds available to expend on recruitment will have a direct impact on the quality of recruitment processes. One way in which this affects recruitment...
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...non-career service, including military and police personnel, whether or not they receive compensation, regardless of amount. Rule II Interpretation Section 1. These Rules shall be interpreted in the light of the Declaration of Policy found in Section 2 of the Code: “It is the policy of the State to promote a high standard of ethics in public service. Public officials and employees shall at all times be accountable to the people and shall discharge their duties with utmost responsibility, integrity, competence and loyalty, act with patriotism and justice, lead modest lives, and uphold public interest over personal interest.” Rule III Reforms on Public Administrative Systems Section 1. Every department, office and agency shall, as soon as practicable and in no case later than ninety (90) days from the effectivity of these rules, start conducting value development programs for its officials and employees in order to strengthen their commitment to public service and help promote the primacy of public interest over personal interest in the performance of their duties. Such programs and other parallel efforts on value development shall include, among other things, the following subjects: (a) Ethical and...
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...or non-career service, including military and police personnel, whether or not they receive compensation, regardless of amount. Rule II Interpretation Section 1. These Rules shall be interpreted in the light of the Declaration of Policy found in Section 2 of the Code: “It is the policy of the State to promote a high standard of ethics in public service. Public officials and employees shall at all times be accountable to the people and shall discharge their duties with utmost responsibility, integrity, competence and loyalty, act with patriotism and justice, lead modest lives, and uphold public interest over personal interest.” Rule III Reforms on Public Administrative Systems Section 1. Every department, office and agency shall, as soon as practicable and in no case later than ninety (90) days from the effectivity of these rules, start conducting value development programs for its officials and employees in order to strengthen their commitment to public service and help promote the primacy of public interest over personal interest in the performance of their duties. Such programs and other parallel efforts on value development shall include, among other things, the following subjects: (a) Ethical and...
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...adopted by organisations in managing accounts receivable. In the commercial world the way in which organisations manage their accounts receivable has significant implications for the financial health of those organisations. This creates an imperative to ensure the management of receivables is both efficient and effective. The practices used in common business processes such as accounts receivable management have universal application and are not industry specific. In this regard there are lessons to be learned by others from the practices followed by organisations for whom accounts receivable is a core business process. The better practices discussed in this guide are therefore recommended for consideration by Commonwealth government agencies. Not all of the practices outlined in this guide will suit each agency’s circumstances, however, it is considered that most agencies, which derive revenue on sale of goods and services on credit terms, will benefit from benchmarking their current practices against those detailed in the guide. Introduction Effective management of accounts receivable presents important opportunities for agencies to achieve strategic advantage through improvements in customer service, cash management and reductions in costs. The primary objective of accounts receivable in the Commonwealth public sector is to collect monies due and to assist in meeting cash...
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...3. Corporations practicing stakeholder management will be more sustainable. Discuss. Over the years, social and ethical concerns have brought attention to the community that caused much bitter conflict to the relationship between business and society. As people become better educated and more affluent, rising expectations naturally follow for major institutions and these developed a backdrop against which criticisms towards businesses have grown. Therefore, these created the need for them to assume greater societal responsibilities rather than mere ruthless pursuit of own profits. Many businesses today share the same viewpoint that making profit for profit’s sake no longer leads to sustainable performance, stakeholder management has become an increasingly important aspect of a business’ operation integrating traditional economic considerations with environmental and social concerns (Jones 2012). While doing well and doing good are no longer seen to be mutually exclusive, corporations practicing stakeholder management is highly debated to be sustainable to a large extent. With all the benefits that it brings, this approach however also has its fair share of limitations to be discussed later in this essay. Outlining the term ‘sustainability’ Sustainability is the capacity to endure. One of the best known general definitions about sustainable development was expressed as “meeting the needs of the present without compromising the ability of future generations to meet their...
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...Sales Contract This Sales Agency Agreement (“Agreement”) is made and effective this [DATE], BETWEEN: [PRINCIPAL NAME] (the “Principal”), a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: AND: [AGENT NAME] (the “Agent”), a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: NOW, THEREFORE, in consideration of the mutual agreements and covenants herein contained the parties hereto agree as follows: 1. RECITALS a. Principal is a manufacturer of [PRODUCT] and desires to appoint Agent as general sales Agent for the sale of Principal’s product [IF APPROPRIATE, ADD: AND OTHER REGULAR-LINE PRODUCTS AND ACCESSORIES OF PRINCIPAL] in the following territory: [DESCRIBE TERRITORY]. b. Agent desires to accept such appointment and to perform all the provisions of this agreement. 2. DURATION The term of the agency created shall be [PERIOD OF TIME], beginning [DATE], unless sooner terminated. 3. AGENT’S BEST EFFORTS Agent agrees to devote Agent’s whole time and best efforts to the business of Principal in the described territory under the direction of Principal’s officers or representatives, and to conform to the best of Agent’s ability with the rules, regulations and instructions of Principal now in force or that may be adopted and mailed to Agent’s address. Agent shall employ salespersons to assist Agent, on such terms and conditions as Principal may require...
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...Hum/ 260 Dq 1 and 2 The statement of activities is basically an accounting of all agency revenues and expenses for the fiscal year. In standard business (and in some sense, to non-profit agencies as well), this statement is called a profit and loss statement. It shows how much profit is left over after all expenses have been taken out. While non-profits do not make a profit in the traditional sense, they can take a portion of revenues and expand the program or purchase new equipment for use within the program. The statement of functional expenses does not represent revenues; only the total expenses incurred (or to be expended) during the fiscal year. They are common broken down in to various categories; program, management and general, fund-raising, and other normal expenditures (such as salaries, benefits, and others standard operating costs). Revenue centers are part of an organization (usually a department) which is responsible for the revenue (incoming cash) for its own department's use. While there may be some monies that cross lines with other functional departments, a percentage is earmarked as earned by a given department. This type of center allows supervisors to actively seek out funds to support their department via grants and other fund-raising operations.An expense center is similar to a revenue center, but departments are responsible for the expenses used to run their department. This allows supervisors and managers to control what expenses are paid out directly...
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...Governance 11/10/12 1. Determine at least three (3) different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the hospital. Answer: Dr. DoRight was morally concerned when he reported the issues regarding treatment of the patient’s health and medical errors, and because of the staff illegal activities, Dr. DoRight informed his Manager and the Executive Committee about the nurses and doctors unethical and illegal behavior. According to Investor Glossary, a stakeholder is any individual, group, or business with a stake in the success of the organization and are considered a stakeholder. They are typically concerned with the organization delivering intended results and meeting its financial objectives. In general, a stakeholder usually stands to gain or lose something depending on the decisions taken or the policies implemented. A stakeholder can be one of two types internal (from within the organization) or external (from outside the organization). Different internal and external stakeholders that Dr.DoRight might have to deal with on a daily basis include the hospital employees, doctors and nurses, board of trustees, creditors, managers’ and executives. All of these persons benefit from the day-to-day decisions and operations of the organization. At the Universal Human Care Hospital, the internal stakeholders whom Dr.DoRight has to deal with on a daily basis are administrators, patients, doctors, nurses, patients, and trustees...
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...Business succeeds when it cares about community “The primary objective of a firm is to maximise its profit and its primary accountability is towards its shareholders/owners” Although I can see how in most instances the main objective of a firm is to maximise it’s profit, I do not believe that it necessarily follows that the primary accountability is to the shareholders and owners. I would like to present the following argument that suggests real success can be achieved by working with and caring for communities and stakeholders. If we were to believe that companies would only succeed by looking after their shareholders we would surely limit the opportunities for any firm to have any community purpose and would remove any of the benefits that can be achieved by working with other key stakeholders. Firms can benefit greatly from interaction with wider stakeholders and can reap benefits when they care about their communities because these communities can be seen to work together with firms to support mutual success. In outlining my views I will refer to three theories, namely stakeholder theory, legitimacy theory and agency theory and make a case for how an interaction of these theories will support my views that business succeeds when it cares about its community. Stakeholder Theory, (Financial Times Lexicon, 2011), ‘Stakeholder theory suggests that...
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...1 OVERVIEW OF THE EAGLE PROGRAM APPROACH PAGE 1. INTRODUCTION 1.1 What is EAGLE?...........................................................................................................5 1.2 What is the Purpose of EAGLE? ...................................................................................6 1.3 Program Expectations and Timeline ..............................................................................6 1.4 Guidance Manual and Training Program.......................................................................7 2. OVERVIEW OF INTERNAL CONTROLS OVER FINANCIAL REPORTING 2.1 2.2 2.3 2.4 2.5 Introduction ....................................................................................................................8 Definition of Internal Control ........................................................................................8 COBIT..........................................................................................................................11 Responsibility for Internal Control System .................................................................13 Conclusion ...................................................................................................................14 3. TOP-DOWN, RISK-BASED APPROACH 3.1 3.2 3.3 3.4 3.5 Introduction ..................................................................................................................15 Risk Identification.....................................
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