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Suppose that a car rental agency offers insurance for a week that will cost $10 per day. A minor fender bender will cost $1,500, while a major accident might cost $15,000 in repairs. Without the insurance, you would be personally liable for any damages. What should you do? Clearly, there are two decision alternatives: take the insurance or do not take the insurance.
The uncertain consequences, or events that might occur, are that you would not be involved in an accident, that you would be involved in a fender bender, or that you would be involved in a major accident. Assume that you researched insurance industry statistics and found out that the probability of major accident is 0.05%, and that the probability of a fender bender is 0.16%. What is the expected value decision? Would you choose this? Why or why not? What would be some alternate ways to evaluate risk?
Explain the differences between the mayor types of judgmental performance measure including rating scales, employee comparisons, and 360-degree appraisal.
Up to three standard deviations above or below the centerline is the amount of variation that statistical process control allows for
Describe a ethical dilema (be detailed)? What was the situation? Who did it involve? Why? What happened? What was and wasn't done?
Explain the concept of order qualifier and order winners. If you were a marketing manager why would you need to understand these concepts?
Happy Pet would have to buy shipments of 3,000 at a time. Should Happy Pet use the new supplier and take this discount for quantity buying
Discuss the advantages and disadvantages of queuing theory for an organization in the service industry.
What functions should it perform for the company (i.e., marketing, sales, customer support, internal communications, etc.)?
What is the future worth of total revenue at the end of 3 years in actual dollars if the real interest rate is 2% per year and the average rate of inflation is 11.25% per year?
find a recent news article about an organization that changed its marketing strategy.what were the reasons for
exclaimed that there was no need for record keeping as such reviews were considered confidential and it was not in the interest of company to maintain records of such design reviews.
Explain what a "gap analysis" is including how gaps are defined and measured. Be sure to address how gap analysis relates to needs, requirements, design, project scoping, evaluation and evaluation planning.
How does employee development at Patagonia contribute to the company's strategies relating to employee retention, building intellectual capital, and business growth?
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