Reference no: EM132936172

1. What are the advantages and disadvantages of the following decision-making models?

a. Rational weighting

b. Regression models

c. Multiple hurdle

d. Multiple cutoff

e. Profile matching

2. Why do organizations tend to use groups to make selection decisions? What are the advantages and disadvantages of group decision making?

3. Why is it better to use predictors that are uncorrelated or that have a low correlation with each other than predictors that are highly correlated with each other?

4. Discuss the differences among cutoff scores, banding, and top-down selection. Is any one of these more advantageous to use than the others? If so, under what circumstances?

5. What are the biggest pitfalls employers need to be concerned about when drafting offer of employment letters or contracts? What steps can be taken to avoid or minimize the likelihood of problems with offers of employment?

6.Despite the advantages of large firms, many small businesses are very successful. Give three reasons that justify this statement.

7.Suggest two possible reasons for the government's privatization policy.

8.(a) Distinguish between the public sector and private sector of an economy.

(b)Explain why some goods and services are provided by the public sector in your country.

9.Explain two different types of economies of scale from which a large retailer might benefit

10.State and explain three ways in which governments could encourage businesses to invest