The aggregate scores for all the candidates are given below, together with their expected salaries. Assuming that the personnel manager’s model is appropriate, determine the candidates who appear on the efficient frontier and explain the significance of this
The aggregate scores for all the candidates are given below, together with their expected salaries. Assuming that the personnel manager’s model is appropriate, determine the candidates who appear on the efficient frontier and explain the significance of this
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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The aggregate scores for all the candidates are given below, together with their expected salaries. Assuming that the personnel manager’s model is appropriate, determine the candidates who appear on the efficient frontier and explain the significance of this

Transcribed Image Text:As an experiment, a charity decides to use SMART to determine a shortlist from the seven applicants
who have applied for the post of Regional Officer for the Western Region. The main criteria which will
be used to compare candidates are: the salary they would expect (SALARY) (they have stated this on
the application form), their experience of charity work (CHARITY EXP), their managerial experience
(MANAGEMENT EXP), their educational qualifications (EDUCATION), their apparent commitment to
the charity's work (COMMITMENT) (as gleaned from the application form) and the quality of the ideas
they put forward on the form (IDEAS).

Transcribed Image Text:Candidate
A
B
C
D
E
F
G
Aggregate score
50
31
75
90
20
62
49
Expected salary
$46 000
$40 000
$42 000
$60 000
$54 000
$52 000
$42 000
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