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

Q: The importance of organizations in general of all kinds

A: An organization is that type of an entity like a company, institution or an association which aims…

Q: Why Balancesheet is important for the organisation?

A: In simple terms, a balance sheet is like a "financial photograph" of a company's health and…

Q: What are agency problems?

A: Owners of the company are shareholders. The number of the shareholders for a corporation will be…

Q: What are agency conflicts? What groups can have agency conflicts?

A: Introduction: The problem or conflict of the entity occurs as a result of conflict between two…

Q: What are the financail management practices

A: Financial management practices means managing financial resources effectively to achieve…

Q: When does an agency relationship happen

A: Agent Relationship : The official stipulations of a specific principal-agent relationship are…

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

A: The Answer :

Q: what is the Social-ethic audit?

A: The social work ethics audit is a method for social workers to evaluate ethical questions in a…

Q: What are “participation rights”?

A: Convertible securities: Convertible security is a security that has the potential to be converted…

Q: When does an agency problem happen?

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

Q: define the characteristics of an organized structure   which are the most relevant features for an…

A: Organizational Structure:   Organizational structure refers to the manner in which activities such…

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: What is the Social Contract – its pros and cons

A: The social contract approach to industry refers back to the technique a organization chooses when it…

Q: Type your response on the space provided: FACTS: You are a wedding dress maker. You obliged yourself…

A: Since the dress maker has not delivered the dress within the stipulated time, he will be liable to…

Q: How does power gain legitimacy and become legitimate authority?

A: A legitimate authority would seem to be one that has the right for its judgments and laws to be…

Q: How do you resolve conflict of interest in an organization?

A: An organisation operates with individuals having different beliefs, tendencies and backgrounds.…

Q: Explain why an organisation can be considered to be a 'nexus of contracts' in the context of agency…

A: Contract is the mutual agreement between two parties where one party agrees to provide goods or…

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: . What is the economic and political environment in which standard setting occurs?

A: Definition: Accounting is primarily concerned with identifying, recording, measuring, summarizing…

Q: What are the strengths and weaknesses of Agency theory and stakeholders?

A: Agency Theory A theory that is used to explain and resolve issues in the relationship between…

Q: What are the assumptions, focus, and hypothesis of agency theory?

A: ASSUMPTION OF AGENCY THEORY:- There are two key assumptions underlying the agency theory, and they…

Q: What are the differences of the Autocratic Model, custodial Model, Supportive Model, Collegial Model…

A: An organizational behavior model is defined as the basic structure that is used to represent the…