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Recently you and your brother and sister inherited the estate of an aunt who lived in Chicago. All three of you loved your aunt, but even though you all lived in the same city, you had not kept in contact in recent years due to career and family obligations. Your aunt's last will and testament requires that the three of you divide her assets any way that you can agree upon within 30 days of her death. However, if you fail to provide her attorney with a written agreement within the 30 days, all of her assets will be given to just one sibling - this has been predetermined but you don't know which one of your siblings or even if you have been selected. The estate consists of the following: (1) about $320,000 in cash and Certificates of Deposit; (2) a 2004 Lincoln Town Car; (3) two houses, valued at $360,000 and $525,000; (4) all of the furnishings of both houses; (5) an art collection valued at $250,000; (6) season tickets to the Chicago Cubs (behind the home dugout); and (7) a large box containing family photos and slides. The three of you are meeting in six days to negotiate a settlement. In preparation, ask yourself the following skills questions:
1. What are your Interests (in order of importance)2. What are the other side's interests (in order of importance)3. What is your BANTA (where do you stand if the deal falls through?)4. What do you believe is other sides' BANTA?5. Assign a value to your BANTA. This is like the exercises on estimating value, come up with a quantifiable estimate and show your work6. How can you improve your BANTA?7. How can you make the other side's BANTA less attractive?8. What packages (bundles of options) can you offer that will meet the other sided interest as well as yours?9. What is your reservation price?
A regression model that predicts sales is given as: Sales = 100 - 6*(Price). Which of the following can be said based on this model? In developing a multiplicative seasonality forecasting model, which of the following gives the required steps in the ..
Describe in detail how the ethical culture of Goodwill of San Franciso contributes to its organizational strategy.
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Create a fictional company and develop a memo to communicate the importance of a business continuity plan to the board of directors.
Joshua Simms has currently been placed in charge of purchasing at the Med-Tech Labs, a medical testing laboratory. His job is to purchase testing equipment also supplies.
What is the average and the standard deviation of demand during the protection interval?
The roller coaster at Treasure Island Amusement Park consists of 15 cars, each of which can carry up to three passengers. According to a time study each run takes 1.5 minutes and the time to unload and load riders is 3.5 minutes.
Sharp Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes.
Six Sigma was started at Motorola but gained great visibility as a result of its implementation at General Electric under the tutelage of Jack Welch.
Old Oak Brewery, Inc., makes and sells alcholic beverages with labels that display a drawing of a squirrel making the gesture generally known as "giving the finger".
Does your company's compensation plans help to attract and retain people with the right skills, knowledge and motivation to help the company succeed? Explain.
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