000‚ and 0.2 of losing $50‚000. a) Determine the expected profit for this alternative. b) Determine the certainty equivalent for the alternative using the utility function ‚ where x is in thousands of dollars. c) What is the risk tolerance of the decision maker who has the utility function presented in part b.
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HUMAN RESOURCE MANAGEMENT SOO CHUNG KIAN LITERATURE REVIEW: JOB ANALYSIS AND JOB DESIGN What Is Job Analysis? Introduction In human resources‚ job analysis plays an important role of it. It provides information regarding positions in the organisation. It is an important topic as well as a vital employment tool which can assist with HR activities and potential and current employees‚ ‘Job analysis is the systematic study of positions to identify their observable duties and responsibilities
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Compare two (2) job positions from the episode and perform a job analysis of each position. Comparing two positions from the Norwegian Cruise Line episode‚ they are crew staff and recreation staff. Both positions are important for the smooth running of the ship. Guests expect to have entertainment functions to attend as well as be able to attend different social activities. The contributions these positions make to the overall running of the cruise ship is priceless. Cruise staff is responsible
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TOPIC 4 JOB ANALYSIS AND DESIGN Strategic design of work • WORK DESIGN the process of assigning and coordinating work tasks • DIFFERENCIATION assigning sets of similar tasks so that they can specialize • INTEGRAGTION coordinating the efforts of employees. 2 How is work design strategic? • Developing autonomy • Developing interdependence – Sequential processing – Reciprocal processing • Linking autonomy and interdependence to HR strategy 3 Strategic framework for work
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Introduction As members of the HR management committee of a multinational company our goal is to hire an experienced‚ key marketing person who will bring fresh ideas to the company‚ help it excel and motivate the other employees to be open-minded. The job title we are offering is Vice President for the area of international marketing. We will take into consideration the fact that we are planning on emerging our market to the Middle East. However‚ more importantly‚ we will look upon details such as‚ technical
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Decision Analysis Page 1 of 4 Decision Analysis Donna L. Christian‚ Strayer University Winter Quarter (MAT 540) Instructor: Mune Lokesh March 11‚ 2012 Decision Analysis Page 2 of 4 In business today‚ many decision-making situations occur under conditions of uncertainty. The demand for a product can be one number this week and double that number next week or vice versa. There are several decision-making techniques to aid the decision maker in dealing with these types of uncertainties
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Worksheet: Job Ad/Company Analysis Please write a few sentences for each question. Writer your answers in 12 point Arial. 1. Copy and paste either the contents of the ad or the full URL where the ad is posted below. Be sure to save a copy of the ad’s text to a digital storage device because the link to the ad may not be functioning for long. Why did you choose this ad? Why do you feel that you are qualified for the position? 2. Read the ad carefully and identify all important‚ key
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how to handle a coach’s termination. Talking with the Human Resource office for advice and having written documentation supporting the decision to terminate will help with the transition and decision making process as well as seeking legal advice. Firing a coach can be a little more difficult because stakeholder can directly or indirectly get involved in the decision making process‚ it is essential for the athletic director to consult with the higher administration. The athletic director should keep
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Hiring the Educated --- A New Approach to Staffing the Automobile Factory Dawn Kennedy January 25‚ 2012 Managing Human Resources Dr. Pat Smallwood Hiring the Educated --- A New Approach to Staffing the Automobile Factory Overview: This case shows us how Ford and Chrysler’s workforce and staffing processes have changed over the years. We see how the industry has moved from being dominated by the less educated worker to the highly educated worker and why this phenomenon has taken place
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one of job for this project (the job must be difference with the presentation assignment)‚ after that: 1. Arrange job description‚ job analysis and job specification 2. Specify the source to get the prospective candidate 3. Specify the selection tools for the candidate (like test‚ etc) 4. Arranges 5 questions for each types of question (situational interview‚ behavioral interview‚ job related interview and stress interview) I. Job Description‚ ‚ job analysis and job specification
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