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Shareholders versus Managers
A Limited Liability company is possessed by the shareholders though in most of the cases is managed by a board of directors selected by the shareholders. This is since:(i) There are many shareholders who cannot efficiently administer the firm all at the same time.(ii) Shareholders might lack the skills needed to manage the firm.(iii) Shareholders might lack the requisite time.Conflict of interest generally occurs among managers and shareholders in the following manners:(a) Managers might not work hard to maximize shareholders wealth when they perceive that they will not share in the profit of their labour.(b) Managers might award themselves massive salaries and other profits more than what a shareholder would think reasonably.(c) Managers might maximize free time time at the expenditure of working hard.(d) Manager might undertake projects with various risks than what shareholders would think reasonable.(e) Manager might undertake projects which enhance their image at the expenditure of profitability.(f) Where management buyout is endangered. ‘Management buyout’ takes place where management of companies buy the shares not owned by them and hence make the company a private one.
State the term- Pass Through Certificates (PTCs) Pass through Certificates (PTCs) are debt securities which pass through income from debtors through intermediaries to investors
What is the Tolerable error In addition to looking at material differences individually the auditor must list all the differences (material or not) and consider in total wheth
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Default risk is the risk that arises when the issuer is not able to satisfy the terms and conditions of the obligation with respect to timely pa
Q. What are the Motives of Holding Cash? Motives of Holding Cash: - In every business assets are kept for the reason that they generate profit. But cash is an asset which doesn
discuss the applicability of operating cycle in poultry industry[consider broilers]
a) Distinguish among standard costing and budgetary control. (b)"Calculation of variances in standard costing is not an end in itself, but a means to an end" Brief discussion
When a borrower uses repo market for fund financing, he has to deliver the securities to the lender. One way to do this is to deliver the collateral to the lender
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