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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:
What is the rate of selection error in this case? What information is missing?
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?
Describe the methodologies to be employed that proposes an organizational change? Define and identify stakeholder groups and their interests or claims on an organization. Explain how an organization creates value? Explain in detail why cultural relat..
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There are some negotiators who will use "dirty tricks" during negotiations to attempt to gain an advantage over the other party.
Identify types of organizations (or industries) that may need to evaluate strategy more frequently than others. Which types of firms (or industries) can evaluate strategy less frequently? Explain your choices.
The prices for company A for the first quarter of 2007 are given below. The price of the stock on January 1, 2007 was $120. Find the holding period return for an investor who purchased the stock on
Many organizations are turning to technology to improve employee development programs. What are some ways in which training has been influenced by technology?
why is it important to match supply and demand? if a manager believes that supply and demand will not be equal what
To illustrate the importance of common goals within a group answer the follow questions based on your experiences. What happens in a team project in which two members of a group want to make an “A” grade on their assignment and the other two members ..
A gas processing plant has a vat of important industrial lubricant for the machinery at the plant. Since an external supplier is responsible for maintaining the inventory of the lubricant, the supplier has a sensor set up on the vat that sends them a..
If a factory wants to cut its current lot size in half, by what proportion must setup cost change?
Explain the concept of CSR and how it can have positive long-term benefits for both a company and society. Is global marketing more challenging than single country marketing? In a brief essay, explain why or why not.
It’s normal for an airline to overbook a flight by 20% or so, but Amtrak will overbook its longdistance trains only by 5% to 10%, even though they have even more noshows than the airlines do. What reasons would Amtrak have for overbooking so little? ..
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