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- Question 4: Compensation is one of the most important costs in organizations. Employees exchange their contributions for a set of outcomes, of which compensation is one of the most significant one. On one hand money is considered to be one of the key mechanisms that can be used to attract, retain and motivate competent employees to perform in ways that support organizational objectives. More often than not, a person’s earnings also serve as an indicator of power and prestige and are tied to feelings of self-worth. In other words, compensation affects a person economically, sociologically, and physiologically. On the other hand a telling fact is that money never satisfies and even large sums of it may fail to confer wellbeing. The failure is less due to a glitch in the program than due to the inadequacy of psychological assumptions that ground all such plans. As people move up the economic ladder, most almost immediately stop feeling grateful for their elevated circumstances and focus…Q1: There is the possibility of conflicts between stockholders and management in a large corporation. We called these conflicts agency problems and discussed how they might be controlled and reduced.QUESTION SIX (a) Suppose that a decision is faced with three decision alternatives and four states of nature. The following profit payoff table is constructed: Alternatives State of Nature 1S 2 S 3 S 4 S 1Α 2Α 3Α 18 15 13 12 14 16 15 10 19 8 11 15 Assuming that the decision maker has no knowledge about the probabilities of occurrence of the four states of nature, find the decisions to be recommended under each of the following criteria: iii. Minimax Reject criterion iv. Hurwicz criterion with 0.6 α =
- Question13: Which of the following best describes dispute resolution through an arbitrator? A) A process where a neutral third party facilitates communication between disputing parties to help them reach a mutually acceptable solution. B) A process where a judge hears arguments from both sides and makes a legally binding decision. C) A process where a party decides the outcome of the dispute without the involvement of any third party. D) A process where an arbitrator makes a legally binding decision after hearing evidence from both sides.QUESTION 13 After graduating from College, Michael decided to work for Mercy Care, a social venture established in Ghana. Michael is not paid for his services to Mercy Care. All he wants is to provide his time ‘freely’ to benefit kids in the Volta region of Ghana so that they may be able to go to school. Which of the following professional statuses characterizes Michael? Board member. Paid employee. Volunteer. Consultant.Q)6. Which of the following is NOT a correct description of the PESTLE model? Group of answer choices “E” in the PESTLE model stands for “Economic”. The factors to consider is the positive or negative impact of the big five forces. “P” in the PESTLE model stands for “Political”. The factors to consider is the positive or negative impact of a given event such as the outcome of an election. “E” in the PESTLE model stands for “Environmental”. The factors to consider is the positive or negative impact of natural environment related concerns. “L” in the PESTLE model stands for “Legal”. The factors to consider is the positive or negative impact of a given change in legislation.
- Question 12: Which of the following best describes dispute resolution through a mediator? A) A process where a neutral third party facilitates communication between disputing parties to help them reach a mutually acceptable solution. B) A process where a judge hears arguments from both sides and makes a legally binding decision. C) A process where a party decides the outcome of the dispute without the involvement of any third party. D) A process where a mediator takes one side in the dispute and helps them win the case.Q1 Define Law?Question ThreeThe management of a supermarket wants to adopt a new promotional policy ofgiving free gift to every customer who spends more than a certain amount pervisit at this supermarket. The expectation of the management is that after thispromotional policy is advertised, the expenditure for all customers at thissupermarket will be normally distributed with mean 400 £ and a variance of900£2.1) If the management wants to give free gifts to at most 10% of the customers,what should the amount be above which a customer would receive a free gift?2) In a sample of 100 customers, what are the number of customers whoseexpenditure is between 420 £ and 485 £?3) What is a probability of selecting a customer whose expenditure is differ thanthe population mean expenditure by at most 50 £?4) What is the probability that the expenditure of the first customer exceeds theexpenditure of the second customer by at least 20 £?5) In a sample of 250, find the count that corresponds to the interquartile…
- Question 10 NASA’s leadership has traditionally been based on technical people that were degreed in the hard sciences. Group of answer choices A) When a group of people have similar backgrounds, they create a culture based on common attributes. B) When a group of people have similar backgrounds, they cannot create a culture because their individuality negates any common attributes. C) When a group of people have similar backgrounds, they create a culture based on diverse attributes. D) When a group of people have similar backgrounds, they create a culture based on common attributes, which always proves negative.Question 4: Sana and Ahmed completed BBA degrees and started working in multinational companies at the same level. Both of them worked hard and were satisfied with their employers. Ahmed (Ahmed) is used to biting back and misreporting colleagues to impress his boss. All employees in the organization know this. In the performance evaluation, Sana’s performance was considered better than Ahmed. Even then, their boss Salman decided to promote Ahmed, saying that Sana was a woman and would not be able to cope with the troubles of higher positions. Identify and explain the management principles not followed by the multinational company. Quoting the lines in the previous paragraph and how to find those ignored values. Explain in your own words.Question 5 The following game is played by 2 players Adam Jack Left Middle Right Up 1,2 3,5 2,1 Middle 0,4 2,1 3,0 Down -1,1 4,3 0,2 Solve the equilibrium for this game.