As described in this case, firstly G.fuliginosa species of bird were live on Los hermanos island solely thus they didn't face any competition.
Darwin's finches are a group of birds that diversified after they migrated from South America to the Galapagos Islands. They each evolved on separate islands separated by large bodies of water. They are therefore an example of allopatric speciation. Repeated volcanic eruptions have helped shape the rugged mountainous landscape of the Galapagos Islands.
The Galapagos Islands are known for their diversity of flora and fauna. Many species are endemic and cannot be found anywhere else in the world. The Galapagos Islands lie on either side of the equator in both the northern and southern hemispheres. These islands are located at the confluence of her three currents in the Pacific Ocean creating an area where warm and cold waters converge.
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Agency problem
Agency problem also known as agency costs occurs in a two-party relationship (principal/agent) where the agent is expected to act or make decisions for the good of the principal.
For example in a corporate the relationship between the management and shareholders. The management is expected to make decisions that will maximize shareholders interest. The problem arises when the two parties have different interests. In the example above the manager may opt to make his own wealth and not act in the company’s best interest which could be maximizing company’s market value.
Examples of agency relationship in finance
Managers/stockholders
Managers/Creditors
Causes of conflicts between managers and stockholders may include;
Remuneration - low remunerations or fixed salaries despite increased profit margins.
Differences in risk profile- stockholders may prefer high-risk return investments contrary to the managers. When high-risk investment go bad the manager risks job loss
Manipulation of accounting systems- to reflect high profits.
Unnecessary perks management award themselves.
Solution to these problems include threat for firing in case of poor performance, shareholders may also threaten to sell the company, remuneration based on performance, incurring agency costs-these are costs incurred while hiring external auditors, setting a control system, legal costs for employment letters and contracts.
Agency problem may be reduced by motivating the manager to act for the companies best interest by offering incentives
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White blood cells (D) aid in the immune system to fight infections.
The continental plates collided, causing subduction to stop because India couldn't sink into the mantle, so instead it pushed the crust upward and downward, creating the Himilayas.
