When does an agency relationship happen

Q: Which of the following is the impact of agency cost?

A: Agency costs are internal costs incurred due to the competing interests of Shareholder i.e the…

Q: Define each of the following terms:a. Agent; principal; agency relationship

A: Answer: Agent: An agent is one who provides work on principal’s behalf.  Principal authorizes agent…

Q: Is the agency problem an ethical issue or an Economic issue ?

A: The agency problem is a conflict of interest

Q: Describe accounting's internal function in organisations.

A: Introduction: Accounting is transmitting financial data to users such as investors, individuals, and…

Q: What is responsibility accounting?

A:

Q: accounting is used by internal decision makers and accounting is used for external

A: Management accounting & Financial accounting are both branches of accounting, while the former…

Q: What exactly is a social contract, and how does it relate to the legitimacy of an organization?

A: The Answer :

Q: Define agency relationship

A: Agency relationship is the part of business law where it is a legal relationship between the two…

Q: Why should responsibility for related transactions be divided among different departments or…

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: What can be understood from the term Accounting diversity?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Define agency problems,

A: Agency problems occur when the managers use the firm's resources to invest in projects that may not…

Q: What is the relevance of the police officer to the decision making of an entity?

A: Decision Making Strategy Decision making is an important process in the organisation to make…

Q: HOW IS THE ACCOUNTANCY PROFESSION BEING REGULATED? EXPLAIN

A: An accounting career consists of getting ready monetary statements, auditing organization…

Q: Who is considered a related party when we refer to related party transactions

A: Transactions where the client or the client's top management is related to each other or where the…

Q: ne

A: Negotiable Instruments are written contracts whose benefit could be passed on from its original…

Q: Define agency conflict

A: Agency conflict denotes to the conflicts that arise between the agent and Principal. In the finance…

Q: When does an agency problem happen?

A: Agency problem is the probelm of difference in opinion of management and the shareholders.

Q: on based

A: There are three main models of the judicial decision-making that explain how judges come to a…

Q: What is an agency order?

A: Solution- Agency order An order to buy or sell that a broker executes with another investor. The…

Q: What is the difference between a principal and an agent?

A: Principal:   Principal is the legal owner of goods or service which is transferred tc the customer…

Q: What is the purpose of organizations and why do they exist?

A: The organization  is a process that  involves the people , their strong commitment  and efforts to…

Q: Who are the parties involved in consulting services? Explain.

A: Consulting business is the type of business which falls within the category of the services business…

Q: What is a social contract and how does it relate to organisational legitimacy

A: Social Contract:   Social Contract is refer as the how business interact with the society.

Q: Discuss the difference between the Management Letter and the Legal Representation Letter

A: Definition: Auditing: In auditing, auditors verify the correctness and fair presentation of…

Q: iscuss the role of a receiver. How does the role of a receiver differ from that of the administrator…

A: Step 1 An  Receiver is appointed  by the Insolvency Service Board  on the orders of  court to act in…

Q: Explain how securitisation works and what the role is of each party involved during the process

A: Financial securities are the instruments that are used by investors to invest their funds and money…

Q: Mutual agency is defined

A: In a partnership, two or more parties agree to operate and manage a business and share the profits…

Q: Discuss some of the agency problems your client might encounter and explain how such agency…

A: Some agency problems that client may face are: Conflict between owners of the firm and managers…

Q: Role of a Director

A: The director of a company is the person that manages the company on behalf of its shareholders.

Q: Discuss creation of principal and agency relationship. What is vicarious liability?

A: At the point when an individual connects with another to follow up for his sake it makes a connec…

Q: What are management's and auditors' relative internal control responsibilities

A: Introduction:Management establishes internal controls. To preserve the integrity of the financial…

Q: What is the cause of the agency problem and how do we try to solve it?

A: Agency Problem:  An agent is a person who acts on behalf of another person. An agent should always…

Q: Provide a comprehensive discussion on what constitute a legitimate agency shop agreement and close…

A: Here discuss about the details of the legitimate for agency shop agreement and the closed shop…

Q: Distinguish between responsibility, authority, and accountability. Which flow upward and which flow…

A: Responsibility: When a sub-ordinate is obligated to perform the duties assigned to him, it becomes…

Q: What transaction is covered by Maceda Law?

A: MACEDA LAW is also known as REALTY INSTALLMENT BUYER ACT, was approved in 26th August 1972 to…

Q: Define agency cost or problem

A: Agency problem is that problem which is a conflict of interest in a relationship where one side…

Q: WHAT ARE SOME EXAMPLES OF POLICY CREDITS AND ADMINISTRATIVE GUIDANCE

A: Policy credits: The credit limit portion specifies the maximum amount of credit that consumers will…

Q: n agency relationship is established between the broker and

A: A agency relationship: An agency relationship takes place between an agent (broker) and a principal.…

Q: What is conflict of interest and how do you resolve in an organisation?

A: Conflict of interest: Conflict of interest occurs when a person derives personal benefits by…

Q: Which of the following is the operative function of HRM? O a. Compensation O b. Organizing O C.…

A: HRM means the human resource management. This department deals with the human resources of the…

Q: What are the responsibilities of the PCAOB?

A: Introduction : The public company accounting oversight board is known as PCAOB. To monitor the…