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A company hired 25 financial consults out of a pool of 100. At the time of hiring the company used a 50 items test consisting of various questions related to financial analysis such as forecasting, calculation of internal rate of return, capital asset pricing model, etc. Those that obtained 70% or more were further subjected to interview and then finally the company hired these 25 people. Six months later, the company realized that 5 of the 25 people were not performing up to the expectations and had to terminate them. Prior to the use of 50-items financial analysis test, the provider of the test had indicated a predictive validity of 0.43 (between test performance and on the job performance). When the company did its own analysis with the 25 candidates that were hired, the same validity coefficient turned out to be 0.35. Based on the above information: a. What is the rate of selection error in this case? What information is missing? b. Based on the validity coefficient provided by the test provider and your own analysis within the company, what advice would you give the company about the continued use of the test?
Imagine you volunteer for church where they distribute free food for homeless people. Could you be able to stand back from your personal biases? Do you think your service experience will aid in your development as a person and leader, how?
The use of _____ is important when there is great uncertainty or little precedent for a decision
Use the concepts of transactional, transformational, charismatic also authentic leaders to describe the leadership of Ingvar Kamprad. Illustrate what skills would you personally need to develop or refine these skills.
An electrical appliance will not work unless component QK does. Component QK's reliability is 0.95. Every other part of the appliance is 100% reliable. What would the reliability of the appliance be if a backup QK were added?
What is the expected number of breakdowns per week and What is the expected breakdown cost per week - What is the weekly total maintenance cost of this program
Which channels of distribution mentioned do you think are most efficient and why? Should the company consider discontinuing or adding channels of distribution to its strategy? Explain.
Which of the two companies (Ford and Volkswagon) has the more modern arrangement? Do you think this increases that firm’s efficiency, or does it hamper the company’s efforts to contain costs and be more competitive? Why?
Describe the importance of employee benefits as a strategic component of fulfilling the goals of HRM.
Why and how are the following an integral part of the strategic management of an organization, i.e., strategic planning, strategic execution, and strategic control.
An electrical contractor's records during the last five weeks indicate the number of job requests: Week 1 2 3 4 5 Requests 20 22 18 21 22. Predict the number of requests for Week 6 using each of these methods: (a). Naive. (b). A four-period moving av..
1. what is corporate-level strategy? give examples to illustrate your answer. why is it important?2. explain the levels
Tots Toys makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 12,000 of these tricycles. Current schedules yield the following..
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