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
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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
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- Job Evaluation for Managerial Positions The Chairman of the board of directors of Jonadel Corporation has proposed that all managerial positions be included in the corporate job evaluating program. The idea came from several friends in other companies of the Chamber of Commerce and Industries where he is a member of the board of directors. The inclusion of the managerial positions in other company's job evaluation program has been found to be successful and helpful. There are differences in the pay systems based on the job evaluation and these companies and the chairman is convinced that these will work also with the company where the chairman is and has the greatest shares of stocks. tudy. In one of the special meetings of the Board of Directors, he proposed the idea to the chief operating officer. The chief operating officer said that the programs be held in abeyance until he had consulted his line and operating managers who will be affected by the changes due to job evaluation…The HRM (Human Resource Management) Department of an organization administers a behavioralprofile test to measure the capabilities of individuals under consideration for employment. The testresults were analyzed manually by experts appropriate for the positions to be filled. Results aredivided into three categories: candidate style, candidate values and candidate thought preferences.Due to the large number of applicants, the many locations of the company and the high level ofexpertise required for the analysis, it was very difficult to execute a quality analysis in a timelymanner. To overcome these problems an expert system was developed which includes elevenknowledge bases.The basic objective of the system is to assess the candidate’s directional initiative, potentialperformance problems, and supervision effectiveness. Analysis of an average applicant, which takesan hour when it is done manually, can be performed in about five minutes when supported by anexpert system. The system is…Q1) Ahmed's interest was cricket. When he finished university, he wanted to work in a management job. He wanted to do his research project on some aspect of general management and social sciences, preferably for a sports goods manufacturer but had no research idea. He asked five friends, all taking business education degrees, to help him brainstorm the problem. You are requested to use the following problem-solving techniques to generate and refine the research idea in this business scenario. i) The technique of Brainstormingii) The Delphi technique
- On February 12 Peg Jones, vice president for operations and maintenance, called into Stephen’s office and asked to study the issue. Specially, Stephen wanted to know whether the average fleet age was correlated to direct airframe maintenance costs, and whether there was a relationship between average fleet age and direct engine maintenance costs. Peg was to report back by February 26 with the answer, along with quantitative and graphical descriptions of the relationship. Peg’s first step was to have her staff construct the average age of Northern and Southeast B727-300 fleets, by quarter, since the introduction of that aircraft to service by each airline in late 1993 and 1994. The average age of each fleet was calculated by first multiplying the total number of calendar days each aircraft had been in service at the pertinent point in time by the average daily utilization of the respective fleet to total fleet hours flown. The total fleet hours was then dividend by the number of…For the survey questions below: 1) Identify the problem with each survey question (lack of simplicity, double-barreled question, loaded question, or negative wording); 2) briefly explain why the question has that problem 3) rewrite the question to reduce the problem and make it a better survey question. a) Do you feel that assiduous students are more likely to graduate from college b) Do you disagree with the mayor’s policy on retirement pensions? c) Do you think that strong academics and varied social opportunities are priorities in choosing a college? d) Do you think that overtaxing our vulnerable elderly is a heartless thing to do?You are hired as a consultant by Vikings Inc. to prepare a report based on the undermentioned criteria. You will select a well-known Caribbean company in the manufacturing sector based in Trinidad and Tobago and its product/service with information available on the internet that does not currently operate beyond the area.. You will conduct a comprehensive study of the international business environment, that is, the geography, culture, government, history, economics, and politics of a new country, outside of the region, from which you believe the company and its product/service could operate profitably. Propose a strategy for internationalization. Looking particularly at entry strategies that could be utilized as discussed in the course. You will need to keep in mind the domestic realities of the company and its product/service by conducting a situation analysis to start. You are also required to suggest an international strategy after an analysis of all strategies discussed in the…
- Triple Bottom Line stands for O a. Social, Cultural and Environmental criteria O b. Social, Economic, and National criteria O c. Social, Environmental and Economic criteria O d. Social, Economic, and Cultural criteria GESuppose that in a telecommunications company, the manager wants to do a study to determine which customers are potential to receive a 30% discount on a new product. Name one quantitative variable and one qualitative variable that you would use to conduct this study. a. Existing client (qualitative) and Profession (quantitative) b. SSN (quantitative) and Existing Client (qualitative) c. Date of Birth (quantitative) and SSN (qualitative) d. Annual Income (quantitative) Profession (qualitative)3. You are a marketing manager for a food products company, considering the introduction of a new brand of organic salad dressings. You need to develop a marketing plan for the salad dressings in which you must decide whether you will have a gradual introduction of the salad dressings (with only a few different salad dressings introduced to the market) or a concentrated introduction of the salad dressings (in which a full line of salad dressings will be introduced to the market). You estimate that if there is a low demand for the salad dressings, your first year’s profit will be $1 million for a gradual introduction and million (a loss of $5 million) for a concentrated introduction. If there is high demand, you estimate that your first year’s profit will be $4 million for a gradual introduction and $10 million for a concentrated introduction. The payoff table for the organic salad dressings marketing is given as follows: Low Demand High Demand Gradual 1…
- There is only one payroll training tax in North America. The Quebec government program that forces employers to spend 1 percent of payroll on training may not have the intended consequences of increasing training investments in employees. Using data from a Statistics Canada survey, Alan Saks of the University of Toronto and Robert Haccoun of the Université de Montréal matched Quebec employers with Ontario employers and found that there were no differences in amounts spent on training. The paperwork is so cumbersome that many employers prefer to pay the 1 percent tax rather than go through the thick guidebooks necessary to report the training. There are many other mandatory training programs across Canada. In addition to legal requirements in posting information on employment standards, occupational health and safety, accessibility, pay equity plans, workplace violence policies, among others, legislation require organizations to have formal training programs in place. This includes…Letz Products has two decisions to make, with the second decision dependent on the outcomeof the first. The company intends to build a new plant. Letz has the option of conducting itsown marketing research survey for which the results will either be positive or negative. Theinformation from this survey could help it decide whether to build a large plant, to build a smallplant, or not to build at all. Letz recognizes that although such a survey will not provide it withperfect information, it may be extremely helpful. Using the image explain to your client (Letz) what the above decision tree shows. You arerequired to show all working.A national survey indicated that 30% of adults conduct their banking online. It also found that 40% are under the age of 50, and that 25% are under the age of 50 and conduct their banking online. A. What is the probability that an individual conducts banking online given that the individual is under the age of 50? B. Are Banking Online and Age independent? Explain.