Personal statement Outline Example | Topics and Well Written Essays - 250 words

Personal statement - Outline Example For this undoubted reason, I considered it ideal to apply for the program in your institution. I am fully informed of the outstanding reputation of your institution. My certain interest has been intensified by positive encouragement and recommendation from some of your alumnae, who among other credits cite your outstanding quality of education, which attracts many people. Apart from coming from an oil producing country, my enthusiastic interest in the field of law is driven by my principle of adherence to the rule of law and justice. Being one of the top producers of oil in the developing countries category, my country still lags behind in many aspects of development. I believe that achieving my master’s degree in oil and gas law will offer me a suitable opportunity to assist my country deal with intrigues that face the oil industry. Therefore, it is true to argue that your program will not only help me acquire the knowledge in oil and gas law, but also equip me with the necessary skills that will help me serve the

Business goverance Essay Example | Topics and Well Written Essays - 1250 words - 1

Business goverance - Essay Example The BLM wants to charge the DBD $3 million in case the DBD does not reclaim the land when it has done drilling. In this case, a problem between the two arises. In understanding the situation at hand, we must look carefully at what a principal – agent problem is. The principal – agent problem occurs when a situation arises that motivates an agent to represent the principal in dealing with a particular situation. The BLM may be unable to meet the cost of drilling or may be too involve to drill the oil (Winch 2010, 28). This makes them delegate the whole drilling to another company. DBD, on the other hand, may be specialized in the drilling of oil and they may be the best person who can drill this. In leasing the land by BLM to DBD the company stands to gain more than it can lose as the cost of drilling and maintenance will be passed on to DBD. Nevertheless, a problem arises where they are not sure whether DBD will reclaim the land after it is done with drilling or not. It, therefore, wants to charge DBD $3 million as money for reclaiming the land which if they do not they will spend $3 million to do it whereas DBD will spend $2 million for the reclamation of the land. The total cost of leasing the land to DBD is $5 million so they are afraid if they do not charge the $3 million, they would only make a profit of $2 million shillings. This is a business and its principle objective is to make maximum profits. In principal – agent delegation many advantages are drawn. These include improved decision-making and the efficiency of these decisions. Decisions are wholly passed to the agent who takes the problems as their own and works to towards finding viable decisions. This means that the principal only wants a particular payoff but the rest is left to the agent. In the example of BLM and DBD, the BLM can be likened to a Landlord and the DBD as a tenant. The property owner will lease the land to the tenant and pass all that concerns to it to the tenant