Examlex
The world-wide disappearance of frogs may be the result of agricultural runoff. Scientists have shown that runoff rich in fertilizer causes a pronounced increase in the algae of lakes and ponds. Snails then gorge themselves on the algae, causing parasites living inside them to produce huge quantities of eggs. When the eggs hatch, the parasites infect young frogs, causing severe deformation of their limbs.
Risk Aversion
The reluctance or avoidance of undertaking investment with uncertain outcomes, preferring outcomes that are more predictable.
Owner-Manager
An individual who both owns a significant part of a company and is actively involved in its management.
Agency Relationship
A situation where one party, known as the agent, is authorized to act on behalf of another, called the principal, in dealing with third parties.
Normative Theories
Theoretical frameworks that prescribe how accounting processes should be conducted based on values, ethics, and ideal practices.
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