An agency cost is an economic concept that refers to the costs associated with the relationship between a "principal" (an organization, person or group of persons), and an "agent". The agent is given powers to make decisions on behalf of the principal. However, the two parties may have different incentives and the agent generally has more information. The principal cannot directly ensure that its agent is always acting in its (the principal's) best interests. This potential divergence in interests is what gives rise to agency costs. Common examples of this cost include that borne by shareholders (the principal), when corporate management (the agent) buys other companies to expand its power, or spends money on wasteful and unnecessary projects, instead of maximizing the value of the corporation's worth; or by the voters of a politician's district (the principal) when the politician (the agent) passes legislation helpful to large contributors to their campaign rather than the voters. Though effects of agency cost are present in any agency relationship, the term is most used in business contexts. (Wikipedia).
Example: Determine the Best Buy Using Unit Rate
This video determines the cost of an item per ounce to determine the best buy using unit rate. Complete Video List at http://www.mathispower4u.com
From playlist Ratios and Rates
What if NASA had the US Military's Budget?
In this video we do a little speculating! What could NASA do with the US military's massive 600 billion dollar annual budget? EDIT: Made a little mistake at 0:29...I pressed the greater than sign when it should be less than. My apologies! Edit 2: I have also realized that I took NASA's
From playlist Alternative History Playlist
Five Things to Know About Temp Agencies
In this video, you’ll learn more about temp agencies and how they work. Visit https://www.gcflearnfree.org/freelance-work/what-is-a-temp-agency/1/ for our text-based lesson. This video includes information on: • How temp agencies work • How to get started with a temp agency • Things to lo
From playlist Career
Ex: Find the Sale Tax Percentage
This video explains how to determine the sales tax percent given the amount paid and the sale price. Search Complete Library at http://www.mathispower4u.wordpress.com
From playlist Percent Applications
Unit 5 - practice problem 4 question
From playlist Courses and Series
Ex 1: Cost Function Applications - Marginal Cost, Average Cost, Minimum Average Cost
This video explains how several application of the cost function including total cost, marginal cost, average cost, and minimum average cost. The total cost function is a quadratic function. Site: http://mathispower4u.com
From playlist Applications of Differentiation – Maximum/Minimum/Optimization Problems
This video provides an example of how to find the equilibrium point given the demand and supply functions. Then consumer surplus is found. Site: http://mathispower4u.com
From playlist Business Applications of Integration
How to Research Salary Information
In this video, you’ll learn more about researching salaries. Visit https://www.gcflearnfree.org/careerplanningandsalary/salary-basics/1/ for our text-based lesson. This video includes information on: • The importance of researching salary information • Salary research resources • Comparin
From playlist Find Your Value
21. Fare Policy, Structure, and Technology
MIT 1.258J Public Transportation Systems, Spring 2017 Instructor: Gabriel Sanchez-Martinez View the complete course: https://ocw.mit.edu/1-258JS17 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62AU7iNniqVoMl8C64tIOVk This lecture discussed the objectives of fare polic
From playlist MIT 1.258J Public Transportation Systems, Spring 2017
5. Short-range Planning (cont.)
MIT 1.258J Public Transportation Systems, Spring 2017 Instructor: Nigel Wilson, Gabriel Sanchez-Martinez, Neema Nassir View the complete course: https://ocw.mit.edu/1-258JS17 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62AU7iNniqVoMl8C64tIOVk This lecture introduced
From playlist MIT 1.258J Public Transportation Systems, Spring 2017
Ex: System of Equations Application - Commission and Salary
This video explains how to solve an application problem using a system of equations. Complete Video Library: http://www.mathispower4u.com Search by Topic: http://www.mathispower4u.wordpress.com
From playlist Applications of Systems of Equations
MIT 1.258J Public Transportation Systems, Spring 2017 Instructor: Nigel Wilson, Gabriel Sanchez-Martinez, Neema Nassir View the complete course: https://ocw.mit.edu/1-258JS17 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62AU7iNniqVoMl8C64tIOVk This lecture introduced
From playlist MIT 1.258J Public Transportation Systems, Spring 2017
Mariano-Florentino Cuéllar: Deciding How to Decide, Part 1: The Most Good You Can’t Do
Justice Mariano-Florentino Cuéllar, Associate Justice of the California Supreme Court. As major risks involving climate change, nuclear calamity, and other issues loom, law and policy in the U.S. and other advanced countries have been heavily shaped by how we analyze the costs and benefit
From playlist Castle Lecture Series
Microsoft Excel Lesson - Pivot Tables
In this lesson you will learn about pivot tables and how you can use it to help you gain insight into the data in a spreadsheet. The data used for this spreadsheet can be downloaded from: https://data.qld.gov.au/dataset/overseas-travel-tafe-queensland/resource/9ad1bc5b-bbf4-4a80-8882-89a2
From playlist Microsoft Excel tutorials
2. Principles & Strategies in Environmental Law
Environmental Politics and Law (EVST 255) The United States' fragmented, piecemeal approach to environmental law is presented through the cases that led to the creation of major environmental statutes such as the Clean Water Act and the Resource Conservation and Recovery Act. The variet
From playlist Environmental Politics and Law with John Wargo
Free to Choose Part 7: Who Protects the Consumer Featuring Milton Friedman
For more videos: Facebook: www.facebook.com/FreeToChooseNetwork Media Website: http://freetochoosemedia.org/index.php Twitter: https://twitter.com/FreeToChooseNet Company: http://freetochoosenetwork.org Shop: http://www.freetochoose.net Stream: http://freetochoose.tv
From playlist "Free to Choose" by Milton Friedman
MIT 15.031J Energy Decisions, Markets, and Policies, Spring 2012 View the complete course: http://ocw.mit.edu/15-031JS12 Instructor: Richard Schmalensee License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 15.031J Energy Decisions, Markets, Policies, Spring 2012
Example 2: Determine a Percent of Change (increase)
This video determine a percent of increase from 3200 to 3400. Complete Video Library: http://www.mathispower4u.com
From playlist Percent of Change
Andrew McLaughlin, (Google) "Making Government 2.0 a Reality: A Citizen's Guide to Essential Reforms" The potential for Government 2.0 is both real and exciting: technology-wise, we can now cheaply and efficiently enable a government that is transparent, participatory, collaborative, and e
From playlist Web 2.0 Expo San Francisco 2009