Principal-agent model and transaction cost theory

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Reference no: EM132230149

1. Discuss the purpose of using a diagnostic instrument/model to help manage change. Describe the key aspects that an instrument/model should effectively identify or outline in order to facilitate change.

2. A retailer has annual sales of $500,000 and an average finished-goods inventory of $15,000. If the retailer sells each unit for an average of $25 and purchases the units for $15, what is its annual inventory turnover?

3. Describe the inter-relationship between principal-agent model and transaction cost theory, and discuss their collective importance as fundamental tools for analyzing structural arrangements in public organizations.

Reference no: EM132230149

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