Agency describes the relationship between a principal and an agent who acts on the principal’s behalf. Common principal-agent relationships include employer-employee, client-attorney, and property owner-real estate agent.
In his 2013 Forbes article, “What is Leadership?,” Kevin Kruse attempts to define the subject by first analyzing what leadership is not, or more accurately, how individuals and organizations have mis-defined it.
Higher tolerance “insurance” comes with a price tag.
January 8, 2014
There’s an old rule of thumb among suppliers of precision gages that tighter tolerances mean higher prices. This is understandable considering the extra effort involved working within such boundaries. But not all gage users understand this.