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- Sara is a homeowner looking to sell her house. She hires James, a licensed Florida broker as the listing agent. Eric is a prospective buyer looking to make an offer on Sara's house. How would you characterize each party's role from the seller's perspective? O James is the agent, Sara is the client, and Eric is the customer. O James is the agent, Sara is the customer, and Eric is the client. O James is the client, Sara is the agent, and Eric is the customer. O James is the client, Sara is the customer, and Eric is the agent.In which of these situations would an estoppel certificate be used? Stacy is purchasing a new build and wants to ensure it meets building code. Steve is behind on his mortgage payments and the lender is going to foreclose. Scott is assuming a loan and the title company needs to verify a loan balance. Serafina is paying cash to put in a pool.Macrina's Bistro is a publicly owned corporation that owns several restaurants in regions across the country. Matthew Patrick is the president of Macrina's Bistro; Lucille Braun is the purchasing agent; and Kevin Matthew is the executive assistant. All three have been with Macrina's Bistro for about five years. Mary is Macrina's Bistro's controller, and she been with the company for two years. Matthew: Hi, Mary, come on in. So you say you have a confidential matter to discuss. What's on your mind? Mary: Matthew, I was reviewing our increased purchases from Sysco last week and wondered why our volume has tripled in the past year. When I discussed this with Lucille, she seemed a bit evasive and tried to dismiss the issue by stating that Sysco can give us one-day delivery on our orders. Matthew: Well, Lucille is right. You know we have been trying to implement "just-in-time" purchasing and trying to get our inventory assets down. Mary: We still have to look at the overall cost. Sysco is…
- The “Loyal Agent Argument” states: An employer would want to be served in whatever ways will advance his or her self-interests. Therefore, as a loyal agent of his or her employer, the manager has a duty to serve his or her employer in whatever ways will advance the employer's self-interests. Is this a true statement and if not why not … give specific analytical examples for your chosen response. {Examples from your readings and Discussion Boards are good starting points.}You are finance director in a public sector organization that has experienced difficulty attracting and retaining skilled staff. To assist in overcoming this problem, the board has engaged a consultant to recommend an improved benefits structure, to apply to all staff. The consultant has produced his report, and you have been asked to consider the proposed staff benefits structure, and make appropriate recommendations to the board. You study the report, conduct appropriate research, and assess the costs involved. You conclude that it will be necessary to increase staff costs, but you believe these will be offset by the efficiencies brought about by recruiting and retaining high-quality staff. The report contains the following recommendations: Benefits should be related to the length of service of members of staff. After one year of continuous employment, a member of staff will qualify for private health insurance. Private health insurance should cover the member of staff and his or her…You are an employee working in the accounts office of Ukweli company listed on the Nairobi stock Exchange, and while working late one evening during the week, you realized that you had left your expensive pen in the boardroom at an earlier meeting and, given its value, you went upstairs to look for it. As you approached the door you heard the following discussion which was between the company C.E.O (Chief Executive Office and Brian (a Non -Executive director). “C. E.O: I am deeply concerned that if this fall in profit figures is disclosed in the next annual report, there will be all sorts of problems with the shareholders. We may even lose a number of big investors. Brian (also the cousin of the Chief Executive): (large sigh) Well, I suppose we could always find a way of making them look better. C.E.O: How? I can't see it at all. Brian: Well, we could make them just slightly higher than last year's figures by including the proceeds of the sales of our toothbrush division. C.E O: But…
- Suppose that you are in a position that enabled you to hire a manager in a company; and you are in a position that confused to hire either Average managers, Successful managers, or Effective managers. Which one you will assign, and what is the deference between each one of them?What role best fits the following situation? Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He has a good network of potential investors and partners. He has no experience in management. Limited partner in a limited partnership. General partner in a limited partnership. Neither a limited or general partner would be a good choice.In a principal-agent relationship between an owner and a manager with the manager bears if and only if she is hidden effort; partial risk; risk neutral. adverse selection; partial risk; risk averse. hidden effort; the full risk; risk averse. hidden effort; the full risk; risk-neutral adverse selection; the full risk; risk-neutral
- Suppose you work in a police station or a law firm and signed a confidentiality agreement regarding all their cases at hand, suddenly your friend who was a suspect to a crime asked you for some documents that are in your office's possession that may help him in his case. How would you deal with the situation? Briefly write your reaction to this seenario.You own a company that makes after-market accessories for vehicles. You have 75 employees split in two facilities: one in Denver and one in Baltimore. The facility supervisor in Baltimore has abruptly quit to follow his wife on an overseas government appointment. You hired a former colleague who has everything needed to step in and take over the operation successfully. However, as the only woman at that site, she has been facing serious resistance to change since beginning three weeks ago. List the reasons why you think she is experiencing such resistance to change then explain how you would work to overcome this resistance with the 32 employees in that building. (please cite references)"You have two equally qualified employees who both deserve a promotion. However, you only have one available position. How would you determine who gets the promotion and justify your decision to both employees?" This question challenges managers to consider their decision-making process, their ability to assess and compare employees' qualifications objectively, and their communication skills in handling potential disappointment or conflict.