The major criticism of Marshallian cost curve-based regulatory policy made by James Buchanan and Friedrich Hayek in their interview on “pattern prediction and scientism” is that,

a.Consumers know their preferences only at the time of acting, so that to use models which assume the future is based on the past with mathematical certainty is a false science (scientism)

b. Mainstream economics does not use cost-of-production as a basis for regulatory decisions and this prevents regulators from exercising their superior knowledge

c. Regulators know in detail but not in general about economic phenomena

• 1.How would you answer each of these tough interview questions?

1. a. Why should we take a chance on you when you've been fired from two other jobs?
2. b.why should we hire you, a new graduate, instead of someone with experience?
3. c.Why haven't you been working for the past two years?
4. d.You've had three jobs in the past year that you've quit why should we spend time and money in training just to have you leave in a few months?

According to a variety of sources, your attitude is the #1 factor in getting or losing a job. Why do you think attitude is rated highest? How does an employer get a sense of one’s “attitude” during an interview? How would you define a positive attitude? A negative attitude? Developing a positive attitude starts from learning to believe in one’s self. In order to believe in ourselves, we must first understand our personal strengths. List and discuss your personal strengths and how they may be beneficial to would be employers.   

Prof. Business wants a 22-year retirement annuity that begins 9 years from today with an equal annual payment equal to $115,000 today inflated at 2.5% annually over 9 years. Her first retirement annuity payment would occur 9 years from today. She realizes her purchasing power will decrease over time during retirement.

Prof. Business currently has $660,000 in her University retirement account. She expects these savings and any future deposits into her University and any other retirement account will earn 8% compounded annually. Also, she expects to earn 7% annual return after she retires.

Prof. Business now wants to consider retiring two years earlier in 7 years and will deposit her required University contributions each year as in question 4 and will deposit and additional $14,400 at the end of each year for the next 7 years (first deposit totals $35,400). Also, she will require a 24-year retirement annuity.

Answer from #4:

Questions:

a) How much money will Prof. Business have in her retirement account immediately after her last deposit 7 years from today?

b) What would be the equal annual payment from her 24-year retirement annuity whose first payment occurs exactly 7 years from today?

Please show work and functions on an excel spreadsheet.

Did you know that many companies are now asking their entire accounting and finance staff to sign off on the accuracy of their work for quarterly financial reporting? This is a relatively new trend where even "lower level" employees are signing these internal company documents. This then goes up the hierarchy chain to the highest level, CEO and CFO. Why are companies going to the lowest levels in the organization to do this now? What are some pros/cons of this approach?

: What aspects of cash flows is part of the financial manager's responsibility?

Elaborate on the financial management function. In particular, the inter-relationships between the CEO, and its reporting lines under CFO; who are the ultimate boss for CFO, and CFO responsibilities to the real boss?

If you are CFO of a big blue-chip company and would like to issue a bond (borrowing), what are the macro economic factors and others you will consider before the issuance of the bond?

Imagine you are the Chief of Human Resources for a global corporation with operations in three different countries. The CEO of the company wants you to come up with a new compensation plan based on the labor markets of the three (3) countries where the employees live and work, rather than basing it on the parent country’s labor market.

What are some of the biggest advantages and disadvantages of setting up a compensation system like this?\

Please in your own word!