Section D: Pay for Performance and Financial Incentives
Assume that you are applying for a job as Front-Office Manager in
the
InterContinental Hotels Group and are at the point of negotiating
salary and
incentives.
D-1. List five specific behaviors that you think hotels should use
to incentivize for
hotel managers vs housekeepers?
D-2. Describe the incentives package you would try to negotiate for
yourself. Make
sure to include long-term and short-term incentives and describe
the advantages and
disadvantages of both. (15marks)
In: Operations Management
In: Mechanical Engineering
A hotel chain wants to estimate the average number of rooms
rented daily in each month. The population of rooms rented daily is
assumed to be normally distributed for each month with a standard
deviation of 24 rooms.
During January, a sample of 16 days has a sample mean of 48 rooms.
This information is used to calculate an interval estimate for the
population mean to be from 40 to 56 rooms. What is the level of
confidence of this interval? Report the level of confidence as a
percentage and use 2 decimal places.
In: Math
You are an entrepreneur who is designing a new line of boutique hotels located along Florida’s coastlines. Each of the 75 guest rooms in each hotel will offer upscale decor, Wi-Fi, and iPod docks for a nightly rate of $299. The hotels will have a spa, an on-site restaurant and a separate full-service bar that features local musicians. Describe the demographics—age, gender, family life cycle, income and social class, ethnicity, and place of residence—of your target customer.
In: Accounting
doing some research on Google or Bing for Hotel TV remote control systems . List your sources. Be sure to answer all the questions listed below
Discuss each of the following:
1. What does the device do?
2. What data does the device store, manage, or transmit?
3. How valuable is the data?
4. How could an intruder get this data?
5. What harm would result if the intruder succeeded in getting the
data or in controlling the device?
In: Computer Science
In a typical ailing economy, the Central Bank employed an expansionary Monetary Policy as a measure to boost economic activities. However, people at large are holding on to money and reluctant to park them into the bank. In addition, the commercial banks are keeping very high excess reserves in view of current unfavourable economic condition.
In your opinion, do you think the Monetary Policy executed can uplift the economy? You may explain based on your understanding about Monetary Base and Money Multiplier.
In: Economics
Exercise 12.7 Rivalry and excludability
For each of the following goods or bads, decide whether they are rival and whether they are excludable, and explain your answer. If you think the answer depends on factors not specified here, explain how.
A free public lecture held at a university lecture theatre
Noise produced by aircraft around an international airport
A public park
A forest used by local people to collect firewood
Seats in a theatre to watch a musical
Bicycles available to the public to hire to travel around a city
In: Economics
Park Tires had sales of $412,980; Sales discounts totaled $2,120; and sales returns /allowances of $975.
The company made purchases of $230,345; received discounts of $2,345; returned $780 in merchandise. He also paid $1,890 in transportation costs, FOB shipping point. John's beginning inventory was $324,094; and his ending inventory amounted to $310,258.
Calculate and state each of the following:
Net sales...........................................................................................
Cost of Goods Available for Sale......................................................
Cost of Goods Sold............................................................................
Gross profit .......................................................................................
In: Accounting
1 Why do most project managers not recognize that they either need or can use the skills required to perform as an Imagineering project manager?
2 What is the fundamental difference between a ride and an attraction?
3 What are some of the differences between traditional brainstorming and Imagineering brainstorming?
4 How many project constraints are there on a traditional theme park attraction?
5 How would you prioritize the constraints?
6 Why is it necessary to consider cost before the Imagineering brainstorming sessions are completed?
In: Operations Management
A survey found that women's heights are normally distributed with mean 66.3in. and standard deviation 3.4in. The survey also found that men's heights are normally distributed with mean 69.3in. and standard deviation3.5 in. Most of the live characters employed at an amusement park have height requirements of a minimum of 56 in. and a maximum of 64 in. A) The percentage of men who meet the height requirement is? B) If the height requirements are changed to exclude only the tallest 50% and the Shortest 5% of men what are the new height requirements? (min and max).
In: Statistics and Probability