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Conflicts of interest arise whenever executives have a private interest in the outcome of the task or responsibility they carry out on behalf of their employers. As a company employee, the executive owes his employer the duty to act solely for the benefit of his or her employer and not in the interest of the employee or third party; the employee?s loyalty must be undivided. Whenever a conflict of interest exists, the executive cannot be said to act solely for the benefit of the employer, because the conflict of interest may cause the executive to engage in a course of action that is not in the best interest of the company or to fail to exercise independent judgment on behalf of the company, thereby breaching the duty of loyalty the executive owes to his employer.
QUESTION Teams are emerging as a powerful management tool also are popping up in the most unexpected places, such at TRINOVA Ltd. The organisation utilizing more than 40 teams
What are the Principles of Organization? Some common principles are: a. Consideration of objectives b. Relationship of the fundamental components of the organization c
5. The average annual investment cost of a workstation in New Jersey has been calculated to be $100,000. It has been calculated to be $150,000 in Kentucky. The hourly cost at a wor
Question 1: Describe the four levels of evaluating a training programme as suggested by Kirk Patrick. Question 2: Using external organizations to train employees can
Question 1: (i) Define a "bargaining unit". (ii) What are the factors, advocated by the Code of Practice of the Industrial Relations Act, 1973 which should be taken into a
It has been realized that inspection alone cannot build quality into a product unless quality has been designed and manufactured into it. Therefore quality awareness must be
relation to material management of the concept and its contribution explen economic order quantity
QUESTION New Zealand refining Company refines bulk petrol and oil imported for use in this country. Due to its unique nature of its operation, it often needs specialist technic
what is the span of control of the financial manager
Select a small business of your choice and explain how the particular business can be considered as a small business enterprise. List the advantages and disadvantages of being a sm
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