When Song Mei Hui moved from being Vice President for Human Resources at Pierce & Pierce in Shanghai to her international assignment in New York, she was struck by the difference in perception of Pierce & Pierce as an employer in China and the United States. Pierce & Pierce in China stands for an attractive and popular place to work, as opposed to its image as an employer in the United States, which was one of an unattractive, traditional, and uninspiring place of work. This difference in perception was bothering Song Mei Hui, because a strong and appealing ‘employer brand’ has the capacity to attract (and retain) talent as denoted by the number of university graduates aspiring to work for companies such as SAS, Google, Cisco, and the Boston Consulting Group.According to Song Mei Hui, the drivers of employer attractiveness have evolved into a complex and challenging set in this day and age. Even though she believes that the success of the organization itself is at the cornerstone of being an attractive employer (and Pierce & Pierce is flourishing indeed), she feels that a wide variety of factors contribute to being successful in attracting and retaining talent. “For many employees, being a part of a profitable, thriving corporation is a reward on its own,” she says. “However, this is obviously not enough. Opportunities for empowerment, a feeling of achievement, a substantial compensation package, and a culture of grooming and development also play a major role in the decision making process of today’s young professionals. Job candidates are looking for a career, and not just for a job.”Song Mei Hui has hired a graduate student in management, Timothy Brice, to develop and test a model of employer attraction. The results of Timothy’s study should help Pierce & Pierce to become more popular as an employer in the United States and hence to attract and retain talented young professionals. Timothy has conducted a literature review and in-depth interviews with graduate students and young professionals who have just started their careers in order to establish the drivers of employer attractiveness. Based on the results of the literature review and the qualitative study, he has developed the following model. he effect of Brand Image on Employer attraction Employer brand image can be defined as the potential applicants’ perceptions of instrumental and symbolic attributes of an organization (cf. Backhaus and Tikoo, 2004; Lievens and Highhouse, 2003; Lievens, 2007; Martin, Beaumont, Doig and Pate, 2005). The instrumental dimension includes tangible attributes related to the job and/or the organization such as ‘job opportunities’, whereas the symbolic dimension includes (the perception of) intangible attributes of an employer (as if it were a person) such as ‘sincerity’ and ‘being exciting’. Both instrumental and symbolic attributes have been found to affect applicant attraction to an employer (Backhaus and Tikoo, 2004; Cable and Turban, 2001; Turban and Greening, 1997). Therefore, the following hypotheses are proposed:H1a: The more positive the perception of instrumental attributes of an employer, the stronger applicant attraction to the organization. H1b: The more positive the perception of symbolic attributes of an employer, the stronger applicant attraction to the organization. Feelings of significant others.If significant others in someone‘s surrounding (e.g., family and friends) tell this person that a company is a much better employer than other employers, someone’s level of attraction to Instrumental attributes:-Workplace atmosphere-Job opportunities-Industry characteristicsEmployer attractionSymbolic attributes:-Excitement-Sincerity-PrestigeSubjective norms that particular organization will grow. It is generally recognized that potential applicants often consult other people (e.g., family, friends, and/or acquaintances) about jobs and organizations(e.g., Van Hoye and Lievens, 2007)”. What’s more, Turban (2001) found that university personnel’s beliefs about organizations affect students’ attraction to that organization. Kilduff (1990) also found that in the early stages of job search, college students are heavily influenced by the beliefs of their friends and classmates. These findings all point at the relevance of social influences to potential applicants in influencing the level of employer attraction. Hence, the following hypothesis is proposed: H2: The more positive significant others are about an organization, the stronger applicant attraction to the organization. To test these hypotheses, Timothy has undertaken a quantitative field study. He has collected data using a questionnaire measuring the variables in his model and a couple of respondent characteristics such as age, gender, and level of education with closed-ended questions.
Suppose that multicollinearty is a problem in this study. What can Timothy do about it?
Do you expect that multicollinearty is a problem? Explain
In: Economics
Pacific Rim Industries is a diversified company whose products are marketed both domestically and internationally. The company’s major product lines are furniture, sports equipment, and household appliances. At a recent meeting of Pacific Rim’s board of directors, there was a lengthy discussion on ways to improve overall corporate profitability. The members of the board decided that they required additional financial information about individual corporate operations in order to target areas for improvement.
Danielle Murphy, the controller, has been asked to provide additional data that would assist the board in its investigation. Murphy believes that income statements, prepared along both product lines and geographic areas, would provide the directors with the required insight into corporate operations. Murphy had several discussions with the division managers for each product line and compiled the following information from these meetings.
| Product Lines | ||||||||||||
| Furniture | Sports | Appliances | Total | |||||||||
| Production and sales in units | 216,000 | 202,500 | 216,000 | 634,500 | ||||||||
| Average selling price per unit | $ | 7.00 | $ | 18.00 | $ | 17.00 | ||||||
| Average variable manufacturing cost per unit | 3.00 | 9.50 | 11.50 | |||||||||
| Average variable selling expense per unit | 2.00 | 2.50 | 2.75 | |||||||||
| Fixed manufacturing
overhead, excluding depreciation |
$ | 528,000 | ||||||||||
| Depreciation of plant and equipment | 507,600 | |||||||||||
| Administrative and selling expense | 1,180,000 | |||||||||||
The division managers concluded that Murphy should allocate fixed manufacturing overhead to both product lines and geographic areas on the basis of the ratio of the variable costs expended to total variable costs.
Each of the division managers agreed that a reasonable basis for the allocation of depreciation on plant and equipment would be the ratio of units produced per product line (or per geographical area) to the total number of units produced.
There was little agreement on the allocation of administrative and selling expenses, so Murphy decided to allocate only those expenses that were traceable directly to a segment. For example, manufacturing staff salaries would be allocated to product lines, and sales staff salaries would be allocated to geographic areas. Murphy used the following data for this allocation.
| Manufacturing Staff | Sales Staff | ||||||
| Furniture | $ | 140,000 | United States | $ | 80,000 | ||
| Sports | 160,000 | Canada | 120,000 | ||||
| Appliances | 100,000 | Asia | 270,000 | ||||
The division managers were able to provide reliable sales percentages for their product lines by geographical area.
| Percentage of Unit Sales | ||||||
| United States | Canada | Asia | ||||
| Furniture | 50 | % | 10 | % | 40 | % |
| Sports | 40 | % | 40 | % | 20 | % |
| Appliances | 30 | % | 30 | % | 40 | % |
Murphy prepared the following product-line income statement based on the data presented above.
| PACIFIC RIM INDUSTRIES | |||||||||||||||||||
| Segmented Income Statement by Product Lines | |||||||||||||||||||
| For the Fiscal Year Ended April 30, 20x0 | |||||||||||||||||||
| Product Lines | |||||||||||||||||||
| Furniture | Sports | Appliances | Unallocated | Total | |||||||||||||||
| Sales in units | 216,000 | 202,500 | 216,000 | ||||||||||||||||
| Sales | $ | 1,512,000 | $ | 3,645,000 | $ | 3,672,000 | — | $ | 8,829,000 | ||||||||||
| Variable manufacturing and selling costs | 1,080,000 | 2,430,000 | 1,890,000 | — | 5,400,000 | ||||||||||||||
| Contribution margin | $ | 432,000 | $ | 1,215,000 | $ | 1,782,000 | — | $ | 3,429,000 | ||||||||||
| Fixed costs: | |||||||||||||||||||
| Fixed manufacturing overhead | $ | 105,600 | $ | 237,600 | $ | 184,800 | $ | — | $ | 528,000 | |||||||||
| Depreciation | 172,800 | 162,000 | 172,800 | — | 507,600 | ||||||||||||||
| Administrative and selling expenses | 140,000 | 160,000 | 100,000 | 780,000 | 1,180,000 | ||||||||||||||
| Total fixed costs | $ | 418,400 | $ | 559,600 | $ | 457,600 | $ | 780,000 | $ | 2,215,600 | |||||||||
| Operating income (loss) | $ | (13,600 | ) | $ | 655,400 | $ | 1,324,400 | $ | (780,000 | ) | $ | 1,213,400 | |||||||
Required:
Prepare a segmented income statement for Pacific Rim Industries based on the company’s geographical areas. The statement should show the operating income for each segment. (Round intermediate calculations to 2 decimal places (i.e. 0.1234 is 12.34%) and final answers to the nearest dollar amount.)
|
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In: Accounting
QUESTION 31
According to the DSM, ______________ is a clinically significant behavioral and psychological syndrome or pattern that occurs in an individual and that is associated with present distress or disability or with a significantly increased risk of suffering death, pain, disability, or an important loss of freedom.
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mental disorder |
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peripheral symptom of illness |
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central symptom of illness |
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dementia |
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personality disorder |
2.00000 points
QUESTION 32
Tolerance thresholds are relatively high, and tolerance to independent behavior and a range of deviations from the norm is a description of which culture?
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Individualism |
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Modernity |
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Traditionalism |
||
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Collectivism |
2.00000 points
QUESTION 33
Psychologists report that people in collectivist cultures are more likely to display repressive adaptive style than people from other groups.
True
False
2.00000 points
QUESTION 34
Individuals from Western countries are expected to demonstrate a stronger internal locus of control than individuals from non-Western countries.
True
False
2.00000 points
QUESTION 35
What is the repressive adaptive style of coping with illness?
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A tendency of medical professionals to reject medication in therapy |
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An individual’s desire to hide the symptoms |
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A tendency of medical professionals not to diagnose mental illness |
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An individual’s desire to seek immediate help |
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An individual’s desire to look for spiritual healers |
2.00000 points
QUESTION 36
Acculturative stress is known more commonly as:
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Universal stress |
||
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Stress specific to one culture |
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Refugee development |
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Culture shock |
2.00000 points
QUESTION 37
How are “individualism” and “conformity” related?
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Low individualism is associated with lower conformity |
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High individualism is associated with higher conformity |
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There is no relation between these two variables |
||
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Low individualism is associated with higher conformity |
2.00000 points
QUESTION 38
Studies show that some national differences exist in the way people maintain eye contact.
True
False
2.00000 points
QUESTION 39
Defenders of political censorship argue that restrictions on information are necessary to protect________.
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individual rights |
||
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uncertainty avoidance |
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cultural norms of collectivism |
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mental health |
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social order and stability |
2.00000 points
QUESTION 40
The innovative project by Iwin Leenen, to educate health in poor rural areas in Guatemala, states in Stage 1:
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Focus on sexuality, cultural taboos, and reproductive health |
||
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Learn the factors affecting health of rural women |
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Women discuss hygiene and sanitation |
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Women learn about relation between health and nutrition |
2.00000 points
QUESTION 41
A detailed description of known diseases and injuries called the DSM is published by the World Health Organization, a branch of the United Nations.
True
False
2.00000 points
QUESTION 42
What should a clinical psychologist do when his or her client embraces nonscientific views about the nature of his or her condition?
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Refer the client to a culturally similar psychologist |
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Try to convince the client of scientific causes |
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Accept the validity of the client’s beliefs |
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Respect the client’s beliefs |
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Ignore the client’s views |
2.00000 points
QUESTION 43
The three types of censorship are moral, ideological and :
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Political |
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None of the above |
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Spiritual |
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Individualism |
2.00000 points
QUESTION 44
The tendency to be closed-minded, rigid, and inflexible in one's opinions and subsequent behavior is called “_____________.”
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cognitive dissonance |
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dogmatism |
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attitude |
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egalitarianism |
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skepticism |
2.00000 points
QUESTION 45
In terms of cultural values, the term collectivist refers to a pattern by which a country scores low on the measure of power distance and high on the measure of individualism.
True
False
2.00000 points
QUESTION 46
Myths and fairy tales from all continents show a consistent pattern: “good” characters are those who obtained their success due to their effort and “bad” individuals are those who enrich themselves by harming others or doing nothing.
True
False
2.00000 points
QUESTION 47
Anthropologists suggest that territorial behavior is not natural for individuals and social groups.
True
False
2.00000 points
QUESTION 48
Unfortunately, the Milgram experiment was not conducted in countries outside the United States and researchers had no opportunity to see if this study had cross-cultural validity.
True
False
2.00000 points
QUESTION 49
Japan has a higher rate of suicide than the United States.
True
False
2.00000 points
QUESTION 50
In Psychology, “folk beliefs” refer to common assumptions about normal and abnormal psychological functioning.
True
False
In: Psychology
Essay United State of America economic issues?
In: Economics
In: Nursing
What is the role of the United Nations in world politics?
In: Economics
On March 17, 2020, Union Corporation purchased 500 bonds of AZQ as a long-term investment at $400 per bond. On December 31, 2020, and December 31, 2021, the market value of the AZQ bonds is $420 and $430, respectively.
Required: (1.) What is the appropriate reporting category for this investment? Why? (2.) Prepare the adjusting entry on December 31, 2020. (3.) Prepare the adjusting entry on December 31, 2021.
In: Accounting
Throughout 2020, Moon Ltd. had 1,200,000 common shares outstanding. As well, the corporation paid $300,000 in preferred dividends and reported net income of $5,100,000 for 2020. In connection with the acquisition of a subsidiary company in June 2019, Moon is required to issue 50,000 additional common shares on July 1, 2021, to the former owners of the subsidiary.
Moon’s diluted earnings per share for 2020 should be:
|
$4.25. |
|
$4.08. |
|
$4.00. |
|
$3.84. |
In: Accounting
. On January 3, 2020, Hanna Corp signed a lease on a machine and the lease commences the same date. The lease requires Hanna too make six annual lease payments of $12000 with the first payment due on December 31, 2020. Hanna could have financed the machine by borrowing at an interest rate of 7%. What entries would the company record on Jan 3 and December 31, 2020 if the lease is classified as a finance lease?
In: Accounting
32. Nabors Finance Company reported equipment with an original cost of $379,000 and $344,000 and accumulated depreciation of $153,000 and $128,000, respectively in its financial statements for years ended December 31, 2020 and 2019. During 2020, Nabors purchased equipment costing $50,000 and sold equipment with carrying amount of $9,000. What amount should Nabors report as depreciation expense for 2020?
a. $19,000 c. $31,000 b. $25,000 d. $34,000
In: Finance