Explain why it is important to select the right university or college.

Suppose you work for an insurance company. You know that there are equal numbers of individuals who will get in an accident with probability 0.2 and 0.3 and that the loss from getting in an accident is $4,000. Suppose you wish to screen individuals by offering full- coverage insurance as well as 30 percent coinsurance (i.e., the insurance pays 30 percent of the loss amount, or $1,200, in the event of an accident). You wish to include a 5 percent premium over the actuarially fair values for these policies to help cover overhead and pro- vide a profit margin for your company.

Will this pair of policies screen individuals into risk classes if we assume that all insuredindividuals have utility function U(X) ? 2000 · (X/4000)0.5 where X is income? Hint: Calculate utility (or expected utility) for each of the three options (no insurance, full- coverage insurance, and coinsurance) for both types of individuals and compare ex- pected utility levels to see what each will choose.

Background on Expected Utility: In this conceptualization of utility, we can compare uncertain outcomes with certain outcomes. For example, if an individual does not have insurance and does not get into an accident, he or she has a utility level of 2,000 (because X ? $4,000) or zero if he or she gets into an accident (because then X ? $0). The expected utility (EU) is based on the likelihood of each event occurring. A per- son facing a 10 percent chance of having an accident would have an expected utility of 1,800 using this utility function because EU ? 0.9 · 2,000 ? 0.1 · 0. This person would be indifferent between facing this “lottery” and having $3,240 with certainty (because U(3240) ? 1,800). This certainty equivalent value was obtained by solving for X in the equation 1800 ? 2000 · (X/4000)0.5. The lottery would be preferred to amounts less than $3,240 offered with certainty.

PRACTICAL QUESTION

Big Biceps Ltd (BB) is a company that operates a number of fitness centers (‘gyms’). The company is currently offering potential customers a new gym membership. The terms of the new membership are: A For an up-front cash payment of $900, new members will have full access to all training facilities at a nominated gym for a 12-month period. The $900 fee is non-refundable.

A 12-month gym membership alone is normally priced at $960.

B In addition, for the first three months of their membership, new members will receive ‘free’ access once a week to a half-hour individual session with a personal trainer. Three months of such personal training sessions would normally cost member $420.

C As an added incentive, all new members who attend all of their sessions with the personal trainer in the first two months will receive a ‘free’ set of training weights at the end of that two-month period. BB’s prior experience with such offers is that all members receive the ‘bonus’ items at the end of the qualifying period. The training weights normally have a retail price of $80.

QUESTIONS

Required

PRACTICAL QUESTION

Big Biceps Ltd (BB) is a company that operates a number of fitness centers (‘gyms’). The company is currently offering potential customers a new gym membership. The terms of the new membership are:

Required

Soltis & Sons is a management consulting firm that is attempting to grow its business by targeting small businesses that are run by women or immigrants. In pursuing this strategy, the company has hired employees of other cultures whose first language is not English. Many of these employees are under 30 and they do not have college degrees. While this effort is leading to a workforce that mirrors the clients, the company finds that employees and managers are experiencing difficulties communicating with one another. This leads to misunderstandings and a decrease in productivity and customer satisfaction. For example, if a manager gives instructions about completing a certain task to an employee who fails to fully comprehend the instructions, the employee may make mistakes.
The director of Human Resources is considering whether or not to offer some type of training, yet none has been offered to date. She thinks some employees may be impacted by negative stereotypes associated with a lack of work experience with people from different cultures. She also noted that some work teams do not like to be supervised by younger people of color. A few employees quit over this issue and management is trying to decide what to do.


Using the 3-Step Problem-Solving Approach and the Organizing Framework, how can Soltis & Sons address the problem?Step 1: Define the problem. What are the gaps between the desired outcomes and the current state?

Step 2: Identify causes of the problem. Remember, the diversity climate is an important situation factor. There are also relevant processes across the individual level (perception, attributions, and psychological safety), the group/team level (group/team dynamics), and the organizational level (options to manage diversity). These inputs and processes have critical outcomes.
Step 3: Make recommendations for solving the problem. What options does Soltis & Sons have?

Fund A which is an active long-only fund and Fund B which is an absolute return fund. They are both restricted to investing in the US equity market, but have the flexibility to buy individual securities and use derivatives. The benchmark market return for the period was 10% and the risk-free rate was 2%. The performance data for the two funds over the same period is shown in the table below.

1. Briefly explain the term ‘absolute return’ strategy.
2. Calculate the information ratio for Fund A and discuss whether, on this basis, it has generated a good performance.
3. Which of the fund managers appears to be exhibiting better stock picking skills?
4. Comment on the tracking error of 7.2% in Fund A. Why is there no tracking error number given for Fund B?
5. The manager of Fund A is a manager with a growth style of investing. Explain the philosophy behind growth investing.

can You please paraphrase the below paragraph and write it according to Your own words and in a very simple way. Also, i want You to add more information in it and relate it do the dental hyegen

the below theory is about Reasoned Action

The attitudes are based upon beliefs and evaluations. Hence these are person's own beliefs as said above. Let us take e.g. of improving health hence person's own knowledge of nutrition, risk factors, his belief on exercising dieting etc. Whereas there are other subjective norms also, these normative beliefs, beliefs that are held by society, that are practiced by the society, which one practices. In this case it would normal lifestyle, such as getting up early and going to bed early, to eat home food as far as possible, to avoid junk food etc. All

these factors also help individual in maintaining a fit lifestyle.

Reasoned action gave a positive result for brushing and less intension for flossing

In this exercise you will choose a term from the column on the left and Type it beside the appropriate definition in the space provided. While you are allowed to consult your notes, time is limited so do as many as you can first so that you do not run out of time.

Consider a university medical services department.

A1.1. Consider a university medical services department. Describe what could be the typical information items that is kept within the information system of such a department.

A1.2. What should be included in a typical physical vital records inventory specifically for at least one type of data records at this type of medical services department which is needed for business recovery planning.