<sup>After spending several weeks on the job,Jennifer was surprised to discover that her father has not been paying attention to accurately evaluate any employee’s performance for all the years that he had owned the Store business. Ali’s position was that he had “a hundred higher-priority things to attend to,” such as boosting sales and lowering costs, and, in any case, many employees didn’t stick around long enough to be appraisable anyway. Furthermore, manual workers such as those doing the pressing and the cleaning did periodically get positive feedback in terms of praise from Ali for a job well done, or criticism, also from Ali, if things did not look right during one of his swings through the stores. Similarly, Ali was never shy about telling his managers about store problems so that they, too, got some feedback on where they stood.
When the founder started the business, he went to an office supply store and purchased a pad of performance appraisal forms. Each form is a two sided page. Supervisors indicate whether the employee’s performance in terms of various standard traits including quantity of work and quality of work was excellent, good, fair or poor. Hiba knew that, among other flaws, this appraisal tool did not force either the employee or the supervisor to focus the appraisal on the extent to which the employee was helping the business to achieve its strategic goals, plus the existing tool wasn’t clear to most of the employees. She wanted a system that focused the employee’s attention on taking those actions that would contribute to helping the company achieve its goals, for instance, in terms of improved customer service.
The “Quick Store” belonged to Ali’s great grandfather originally. Its prime location near the residential area meant that it was always busy on any day of the week. The “quick Store had seven sections: Garments, Grocery, Beddings, Furniture, Lifestyle, Baby section, and accessories. Each section had a section supervisor in charge of that department as well as 4-5 staff members. According to Hiba, a more formal appraisal approach is required. Furthermore, she feels quite strongly that the managers need to have a list of quality standards for matters such as store cleanliness, efficiency and safety on which they know they are to be formally evaluated.

1. Develop a complete training and development session for section managers. Justify your answer by identifying the appropriate method for training the section managers in the store. ​(15)

2. Is jennifer right about the need to evaluate the worker’s formally, why they need to appraise the employees formally? What could be the HR’s and supervisor’s role in it? Design a complete performance appraisal form using BARS for the section managers?​
(20)
3. Suggest an incentive plan for section managers, justify your answer. Which benefits should jennifer offers them?​​​​​​​​ (10)</sup>

A market research director at ABC Apparels wants to study women’s spending on apparels. A survey of the store’s credit card holders is designed in order to estimate the proportion of women who purchase their apparels primarily from ABC apparels and the mean yearly amount of money that women spend on apparels. A previous survey found that the standard deviation for the amount women spend on apparels in a year is approximately $35

a. What sample size is needed to have a 90% confidence of estimating the population proportion to within ±0.052?

B. Refer to the above. Suppose that the market research director cannot afford to survey as many women as required in part (a) of and has indicated that the maximum sample size can be 100 women. Assume that the sample size is reduced to 100:

a. Without changing the confidence level, indicate specifically what must be changed and by how much?

b. Without changing the margin of error, indicate specifically what must be changed and by how much?

How come despite spending billions of dollars pharmaceutical companies are not able to find 'the magic bullet' to cure mental disorders?

(Note: your response must focus only on the biological/anatomical/physiological aspects. Any response that is based on social/economic factors will not be accepted. In the past some students focused on expressing views on how evil the pharmaceutical companies are and they deliberately refuse to find the magic bullet because it is not in their economic interest. Those students received score of zero for this RT)

On September 29, 2008, Congress failed to pass a spending bill that would have provided a fiscal stimulus in the face of panic in financial markets. Why did stock market values fall in response to this news? As part of your answer, explain what a fiscal stimulus is intended to do in terms of an aggregate supply/aggregate demand diagram. Be specific about which curve would shift and in which direction. What would happen to the overall price level and unemployment?

1. Using AD and AS model, graphically explain the following:

Suppose that the Government increases spending and simultaneously raises taxes.

a) Show the effect of this change on AD schedule.

b) How does this affect output and price level in the Keynesian case.

c) How does this affect output and price level in Classical case.

Bombardier, after spending $250,000 on a feasibility study, has determined that its customers will be willing to pay more money for the C Series model if Bombardier invests in a manufacturing technology upgrade that can enhance the safety of the engine. Bombardier realizes that the delays in the C Series program are likely costing them potential sales of the C Series jets. The feasibility study allowed management to better understand the implementation costs of the new technology as well as the potential payoff. Thus, they see the opportunity to make a short-term investment in the engine technology that will affect the next eight years of production in order to improve their overall offering to their customers. Because the C Series production facilities are already covered in original cost estimates, no additional costs for production facilities are required. However, the required new machinery will cost $2,100,000 and will be subject to capital cost allowance depreciation (Asset Class 8, 20% CCA Rate). When the C Series program expires after year eight, Bombardier executives figure there will be $396,361.73 in salvage on the equipment. Sales across the eight years of the C Series program are projected to be 19 units, 23 units, 30 units, 44 units, 55 units, 35 units, 37 units, and 40 units. Bombardier expects that the price to their customers will start at an additional $125,000 with 3.5 per cent increases per year, as they wish to keep their prices competitive. Material costs of production are expected to be $67,500 per unit, growing at four per cent a year. Fixed costs per annum will amount to $670,000. The corporate tax rate Bombardier is subject to is 26.4 per cent. Finally, Bombardier requires a maintained investment in working capital of $365,000 at the beginning of the project. This will stay at 14 per cent of sales at the end of each year, and reduces to 0 by the project's end; therefore, the investment in working capital is fully recovered by the project's end. As the company will be purchasing raw materials prior to production and sales delivery, they must create an investment in inventory as well as maintaining some cash as a buffer against unforeseen expenses. If the firm has negative taxable income from the project in a given year, please assume that the firm has positive income from other projects, so that the loss can be written off (as a tax benefit) against this other project income in the same year.

1. What is the Internal Rate of Return on the project?

2. What is the Net Present Value of the project if the required rate of return (Weighted Average Cost of Capital) is equal to 3.90 per cent?

3. By how much would the Net Present Value of the project change if unit sales were 25 per cent less than expected (round down toward zero the number of units; the WACC is still 3.90%)?

A market research director at ABC Apparels wants to study women’s spending on apparels. A survey of the store’s credit card holders is designed in order to estimate the proportion of women who purchase their apparels primarily from ABC apparels and the mean yearly amount of money that women spend on apparels. A previous survey found that the standard deviation for the amount women spend on apparels in a year is approximately $35.

a. What sample size is needed to have a 90% confidence of estimating the population proportion to within ±0.052?

b. What sample size is needed to have 97.5% confidence of estimating the population mean within ± $5?

c. In order to keep the survey costs within budgets, the market research director decided to do a pilot survey of 25 women. The pilot survey results indicate the standard deviation for the amount women spend on apparels is $20. Based on this new information, what additional sample size is needed (i.e. in addition to the pilot survey sample) to have a 97.5% confidence of estimating the population mean within ±$5?

d. If the cost of surveying an additional women is $12, how much money did the market research director save by revising the estimate for sample size (as in part c of the question above) based on the results of the pilot survey compared to the sample size he would have used had he not conducted the pilot survey (as in part b of the question above)?

The us centers for disease and prevention (CDC) estimated the per capita spending on health care to be $10,739 in 2017. Suppose that the population mean and population variance of per capital health care expenditure are 10,739 and 625 respectively. What is the probability that the sample mean from a random sample of size 1600 is within 0.5 of the population mean?

A) Would you favor spending more federal tax money on the arts? Of a random sample of n₁ = 92 politically conservative voters, r₁ = 19 responded yes. Another random sample of n₂ = 85 politically moderate voters showed that r₂ = 21 responded yes. Does this information indicate that the population proportion of conservative voters inclined to spend more federal tax money on funding the arts is less than the proportion of moderate voters so inclined? Use α = 0.05.

What is the value of the sample test statistic? (Test the difference p₁ − p₂. Do not use rounded values. Round your final answer to two decimal places.)

Find (or estimate) the P-value. (Round your answer to four decimal places.)

B) Would you favor spending more federal tax money on the arts? Of a random sample of n₁ = 233 women, r₁ = 63 responded yes. Another random sample of n₂ = 161 men showed that r₂ = 48 responded yes. Does this information indicate a difference (either way) between the population proportion of women and the population proportion of men who favor spending more federal tax dollars on the arts? Use α = 0.05.

What is the value of the sample test statistic? (Test the difference p₁ − p₂. Do not use rounded values. Round your final answer to two decimal places.)

Find (or estimate) the P-value. (Round your answer to four decimal places.)