Would you like an occupation that would give you a six-figure salary that may not involve an expensive college or university education that will leave you with a huge loan? Well, perhaps you should have considered a skills trade job. Most studies indicate that Canada is facing a shortage of skill trade workers with time, as the aging trade workers start to retire. The Government of Ontario has identified 12 trades with this shortage and is developing a campaign to induce young Canadians to take up more trade jobs. Why then are Canadians reluctant to enter the trades? Studies revealed that most high school students plan to go to Universities or Community College rather than a trade school. Human Resources Development Canada in one of its surveys identify only 6% of its high school students were planning to attend trade schools and 44% would not consider a job in skills trade. Statistics Canada found that 58% of high school students considered skills trades to be usually high paying jobs providing excellent benefits but a larger percentage within this thought that it was not an exciting job and require manual labour. Among immigrant communities many trade jobs were a low status job than the usual white collar intellectual based jobs.

a. What are the perceived risks associated with a young Canadian selecting a trade as a career? What marketing strategies could the Government of Ontario use to mitigate the perceptions of these

2. Assume that the 12 trades identified by the Government of Ontario are as follows.
   Carpenters, Crane Operator, Dispatcher, Drafts Person, Drywallers, Electricians, Journeyman, Mechanic, Millwright, Painters, Pipefitter, Plumbers & Welders

   Explain how a young Canadian can use compensatory vs. non compensatory decision rules to

   select one of the above trades to pursue their career.

3. Using a suitable learning theory of your choice, explain how the government of Ontario could

positively influence students selecting trades schools against other vocations?

d. The Government of Ontario has decided to target high school children and their families in promoting trades as a career choice. Using consumer behaviour principles learnt so far in class, design a suitable marketing strategy to reach the primary target market and intended target audience.

You are auditing Pell grants provided to students at six state universities. The Pell grant program is a federal financial aid program for college students. The maximum grant a student can receive during a school year is $3,125, with a maximum of $1,041.67 per semester and summer session. The amount of a grant depends on financial need (need) and the number of credits taken (status). Students cannot receive a grant at two different schools during the same school term. You have obtained a file of grants for the current school year (available as Excel file pellA.XLS on the Blackboard site for the course ) that contains the following information:

SSN            Social Security number

Last            Student’s last name

First           Student’s first name

Middle       Student’s middle name or initial

School       School—coded 1 to 6

Term            Coded 1 to 3:

1—Fall Semester

2—Spring Semester

3—Summer Semester

Need*         Financial need—coded 1 to 5:

1: 100% of allowable grant

2: 75%

3: 50%

4: 25%

5: 0%

Status*      Credits taken—coded 1 to 4:

1: 100%     12 or more credits

2: 75%         9 to 11 credits

3: 50%        6 to 8 credits

4: 25%           3 to 5 credits

5: 0%             1 to 2 credits

Amount     Amount of grant for the term

Computation of grant: $3,125 / 3 * Need *Status

For a full-time student with maximum need:

$3,125 / 3 * 100% * 100% = $1,041.67

For a student with a code 3 need taking 9 credits:

$3,125 / 3 * 50% * 75% = $390.63

*Hint: To convert the NEED codes to the proper decimal value, use the expression: (1 - 0.25*(NEED − 1)). The same conversion can be used for STATUS codes.

1. Develop an audit program to identify potential fraud.

2. Use ACL to perform the steps in your audit program.

Your audit program to identify potential fraud.

A report on your findings including additional steps you would take to determine if fraud actually occurred.

Appropriate ACL printouts properly indexed with comments written on the printouts to explain the printout and its implications. Do not print out the entire grant file. Extract only the items of significance.

At the interest rate of 5%, the people of the country of Rupertopia are willing to lend $10,000 to local business, while local businesses are willing to borrow $20,000. When the interest rate rises to 10%, the quantity of loans supplied increases to $20,000, while the quantity of loans demanded drops to $10,000. Because the people of Rupertopia are suspicious of outsiders, all financial transactions happen between locals. Assume both supply and demand curves for loanable funds are linear.

Peter hopes to borrow money to open a factory in town. Given the above information and holding everything else constant, what is the interest rate Peter will pay for the loan.

A small local government has decided to borrow money to improve infrastructure by floating bonds or levying special assessments on the local community for using the transportation facilities created due to increasing number of city dwellers moving into the town. They work in the city and need to commute to work.

Required:

Discuss the implications for the local government’s credit rating and debt limits.

Statistical information of the area: Mostly retired people over 50 live here and the area is attracting working professionals who are moving into the area in larger numbers. Their needs dominate the improvements to infrastructure. Use facts in the text discussions to deal with these issues in your answer.

Frank Buckley sells his famous bad tasting but very effective cough medicine in Toronto and Montreal. The demand functions in these two urban areas, respectively, are:

PT = 18 − QT and PM = 14 − QM .

Buckley’s plant is located in Kingston, Ontario, which is roughly midway between the two cities. As a result, the cost of producing and delivering cough syrup to each town is:

2 + 3Qi where i = T, M .

a. Compute the optimal price of Buckley’s cough medicine in Toronto and Montreal if the two markets are separate.

b. Compute the optimal price of Buckley’s medicine if Toronto and Montreal are treated as a common market.

The following equation represents the weekly demand that a local theater faces.

Qd = 2000 - 25 P + 2 A,

where P represents price and A is the number of weekly advertisements.

Presently the theater advertises 125 times per week. Assuming this is the only theater in town, and its marginal cost, MC, is equal to zero,

a. Determine the profit-maximizing ticket price for the theater.

b. What is the price elasticity of its demand at this price?

c. What is the elasticity of its demand with respect to advertising?

d. Now suppose the theater increases the number of its ads to 250. Should the theater increase its price following this ad campaign? Explain.

A frequency distribution is shown below. Complete parts​ (a) through​ (e). The number of dogs per household in a small town.

​(a) Use the frequency distribution to construct a probability distribution. ​(b) Find the mean of the probability distribution. ​(c) Find the variance of the probability distribution.  (d) Find the standard deviation of the probability distribution. ​(e) Using the found values of the mean and the standard​ deviation, an interpretation of the results in the context of the​ real-life situation is that a household on average has _ dog with a standard deviation of _ dog.

Dogs x=0 1 2 3 4 5

Households p(x)= 1225 408 164 44 25 15

Oscar and Olivia are, for the most part, a very happily married couple. They live in Missoula, Montana. Both Oscar and Olivia are outdoor enthusiasts who enjoy skiing, hiking, and fishing in the beautiful country surrounding their town. Oscar has a fairly high-paying job at a computer company, and seems to be “moving up fast.” Olivia has a fairly low-paying job with the county as a social worker. Both have graduate degrees, and were lucky enough to find jobs in the same town. They both like their jobs very much.

One day Oscar arrives home and is very excited. He has just been offered a very prestigious promotion, accompanied by a substantial raise. If he takes it, he will eventually be a vice president of the company. The job does entail, however, a move to Chicago. He thinks Olivia will be excited about the promotion too. He tells her with great enthusiasm.

The following conversation ensues:

Oscar: Olivia, I know this means moving, and that you like your job, but I am sure you can find something in Chicago.

Olivia: But Oscar, I hate Chicago, and I am just now feeling “settled” in my job, and I love it. I don’t want to move.

Oscar: But Olivia, don’t be ridiculous. Chicago is a wonderful place, and I am sure there’s a lot more social work to be done there than in this small-time town.

Olivia: I just don’t want to move and that’s that.

Oscar: You’re making $30,000, and I am making $48,000. If I take the promotion, I’ll be making $58,000 with no end in sight. Don’t you think you’re being selfish?

Olivia: Don’t you think you’re being selfish?
Oscar: I don’t believe this! I thought you’d be happy for me! See you later, I’m going drinking

with the guys.

Considering the information above, please answer the following questions.

1. Identify Olivia’s topic, relationship, identity and process goals in this conflict.

2. Identify Oscar’s topic, relationship, identity and process goals in this conflict.

3. Choose to be either Oscar or Olivia in this scenario. Then discuss how your (i.e., Oscar’s or

Olivia’s) goals changed. (Hint: think of prospective, transactive and retrospective goals.)

4. While still identifying as Oscar or Olivia, suggest possible solutions to this conflict and state why

you believe these possible solutions may result in the best outcome given the situation.

5. What suggestions do you, as yourself, have for the parties in this conflict?

Read the PROBLEM SOLVING Case “Wanted by Honda: Engineers Who Love Small-Town Living”

Although the U.S.-based Big Three automakers General Motors, Ford, and Chrysler have announced cutbacks and layoffs recently, some auto companies are still hiring. Toyota, Nissan, Honda, and other companies have set up opera- tions in the United States. While they employ far fewer in the United States than the Big Three, their ranks are growing. Nearly one out of four jobs with auto companies in the United States are with companies other than the Big Three. Honda R&D Americas recently told a reporter that it was adding about 100 employees a year and had 50 positions it was trying to fill with engineers.
To staff those positions, Honda faces a chal- lenge: its location. The Honda research and development facility is located in an out-of-the- way spot in Ohio, the town of Raymond, located about 60 miles northwest of Columbus. Most automotive research facilities in the United States are located near Detroit, because so much of the industry talent lives and works in that area. The Honda plant sits on an 8,000- acre plot of land along with the company’s Transportation Research Center, and Honda operates two assembly plants in nearby Marysville and East Liberty. Surrounding this complex are cornfields.
Because of its location, Honda does not seek most of its recruits from other auto companies. It hires local residents to fill manufacturing jobs, and for engineers, it turns to schools in the region to find recent graduates. Carol Hadden, who
manages human resources, says one good source of engineering recruits has been Ohio State University.
Knowing that small-town life does not appeal to many recent grads, Honda requires applicants to visit the Raymond site for their first interview. Allen explains, “We make them come here to make sure they know where we are.” Those who look around and like the location have a better chance of being enthusiastic about a career at Honda R&D.

Questions –

Suggest three ways Honda R&D Americas could recruit engineers to fill jobs at its research and development facility in Raymond, Ohio.

If you were interviewing a candidate for a job at this facility, what would you ask to determine whether the candidate would be satisfied to stay at Honda?

How would Honda R&D’s emphasis on recruiting recent graduates, rather than experienced automotive engineers, affect your job if you were the supervisor of these employees? Would you want Honda to change its recruiting strategy? Why or why not?