Compare and Contrast the Trustee and Instructed Delegate Theories of Representation

question 55

Essay

Compare and contrast the trustee and instructed delegate theories of representation.

Grasp the concept of prioritizing objectives and the A-B-C priority system.

Understand the elements and importance of a mission statement in organizational planning.

Acquire knowledge about the management by objectives (MBO) cycle and its steps.

Recognize the tools and techniques for project and time management such as PERT and Gantt charts.

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Definitions:

Delegatee

One to whom contract duties are delegated by another, called the delegator.

Delegated Duty

A task or responsibility that is assigned by someone in authority to another person or entity to execute.

Assignor

The person who assigns contract rights.

Obligor

The party in a contractual agreement who is bound to provide a payment or performance to the other party, known as the obligee.