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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?
Oscar Itoldi works as a janitor in the By-the-Sea nuclear reactor plant, which is privately operated by the Shorelite Energy Company. He has complained for the past three years that strange odors are present on occasion in different areas of the base..
Private and corporate information is under attack from an array of resources. What are the various threats to information security in your view? Are you doing your share to protect your information? Why and why not? What can you do to improve your in..
Placing Orders Actions for Discussion 5: Placing Orders Consider how the internet has made it easier for end-user customers to place orders. How has this altered customer expectations, and more importantly the supply and demand for products and their..
What is the better institutional home for incubating research in the social sciences in general and public policy and administration in particular, a traditional univer- sity or the modern U.S. think tank?
Read the Southwestern University case study on page 230, including the fan satisfaction survey results in table 6.6 and the open-ended comments on survey cards at the top of page 231. Use at least two different quality tools to analyze the data. W..
What types of businesses and organizations are best served by a presence in social media? What are some examples of the ways that other businesses have successfully/unsuccessfully leveraged and branded themselves with social media?
A delegation does not relieve the party making it of the obligation to perform if the party to whom the re, duty is delegated fails to perform. A limited liability company offers the limited liability of a corporation.
A company is going to introduce a new cell phone. ABC Cell Services is going to sell the phones and has established specification limits of 5.0 ounces
A prospective seller, Seller XYZ, calls you to discuss the pricing contained in the response her company had previously provided to you. In addition to being a large customer of your company, Seller XYZ has also been a dependable, long-time supplier ..
Your company manufactures and distributes a product for which an accurate forecast of demand from the final consumers cannot be derived. To address this, you are looking at the strategic redesign of your supply chain. What would be the design charact..
Discuss the differences between transnationals and global corporations.
What are the different levels of diversification firms can purpsue by using different corporate level strategies and what are the advantages to diversifying their operations?
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