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Business Fundamentals was developed by the Global Text Project, which is working to create open-content electronictextbooks that are freely available on the website http://globaltext.terry.uga.edu. Distribution is also possible viapaper, CD, DVD, and via this collaboration, through Connexions. The goal is to make textbooks available to the manywho cannot afford them. For more information on getting involved with the Global Text Project or Connexions email us atdrexel@uga.edu and dcwill@cnx.org.

Editor: Cynthia V Fukami (Daniels College of Business, University of Denver, USA)

Contributors: The students of MGMT 4340, Strategic Human Resource Management, Spring 2007

  • Provide three reasons for a company to implement a high-commitment work system.
  • Name and describe three examples of mechanisms a company could use to increase employee participation.
  • Discuss the four different categories of diversity. Give one reason why each would be important to a company.
  • Discuss the pros and cons of internal and external recruiting. Which one do you prefer, and why?
  • Should tests be used to select employees? Why? Why not?
  • What are the primary benefits of training employees?
  • What is the relationship between career development systems and employee retention?
  • Identify the critical parts of an effective performance appraisal.
  • Provide two lessons for giving, and for receiving, feedback effectively.
  • Define internal and external equity in establishing a base pay system.
  • Provide three reasons to provide employees compensation in the form of benefits.
  • Name and describe two examples of each: short-term incentives and long-term incentives.
  • Name the five characteristics of the JCM approach to job design, and provide an example of each.
  • What are the four main reasons why an employee is terminated?
  • How can a company avoid downsizing?
  • Identify two ways to measure the effectiveness of your Human Resource Management policies.

Questions & Answers

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Solve the mean of variance
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Step 1: Find the mean. To find the mean, add up all the scores, then divide them by the number of scores. ... Step 2: Find each score's deviation from the mean. ... Step 3: Square each deviation from the mean. ... Step 4: Find the sum of squares. ... Step 5: Divide the sum of squares by n – 1 or N.
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The sample of 16 students is taken. The average age in the sample was 22 years with astandard deviation of 6 years. Construct a 95% confidence interval for the age of the population.
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Bhartdarshan' is an internet-based travel agency wherein customer can see videos of the cities they plant to visit. The number of hits daily is a normally distributed random variable with a mean of 10,000 and a standard deviation of 2,400 a. what is the probability of getting more than 12,000 hits? b. what is the probability of getting fewer than 9,000 hits?
Akshay Reply
Bhartdarshan'is an internet-based travel agency wherein customer can see videos of the cities they plan to visit. The number of hits daily is a normally distributed random variable with a mean of 10,000 and a standard deviation of 2,400. a. What is the probability of getting more than 12,000 hits
Akshay
1
Bright
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Bright
a= 0.20233 b=0.3384
Sufiyan
a
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It depends on your business problem or in Machine Learning you could use ROC- AUC cruve to decide the threshold value
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Source:  OpenStax, Business fundamentals. OpenStax CNX. Oct 08, 2010 Download for free at http://cnx.org/content/col11227/1.4
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