Answer: Career assessments are surveys or tests that attempt to give insight into what type of career would be best for someone. There are four major types of career assessments: personality tests, interest inventories, skills assessments, and value assessments.Career assessment is a way to learn more about how well a variety of careers might suit you. Different types of assessments focuses on specific areas, such as skills, interests, or values.
Explanation:
Answer:
Industrial supply company scenario:
- The company wants to create a data warehouse where management can obtain a single corporate-wide view of critical sales information to identify best-selling products in specific geographic areas, key customers, and sales trends.
- The sales and product information are stored in both a divisional sales system running on a Unix server and a corporate sales system running on an IBM mainframe.
- The desire is to create a single standard format that consolidates these data from both systems.
Business problems:
- A business problem that can arise from not having these data in a single standard format is that employees will see the data as inconsistent.
- It is difficult to make business decisions if the data is unreliable, inaccurate, or redundant.
- The product descriptions are formatted differently so managers and employees might get confused when it is entered into the system.
- Also, the system identifies the sales by territory in the United States so it would be impossible to identify the sales or even around the world.
- The corporate sales system also lacks a way to identify the identification of the customer.
- Both sales system should be consistent with the information in order to prevent redundancies or inaccuracies.
How easy it would be to create a database with a single standard format:
- Creating a database with a single standard format would ideally be easy.
- Data quality audits and data cleansing should be performed when constructing the new database.
- Data quality audits and data cleansing would correct any redundancies and inaccuracies in the current systems.
- By using data-cleansing software, the company can combine and integrate the data from all the systems into a single standard format that is uniform throughout the whole company.
Problems that should be addressed:
- A problem that should be addressed is the product description and sales territory tags.
- These tags have different formats which could lead to inconsistencies in the data.
- The names would have to be changed so that they are the same format and are only entered once in the new single standard format database.
- Another problem that would have to be addressed is keeping both the division and customer id tags in the new database.
- This would provide more information for each entry and would limit any confusion among the employees.
Database specialists:
- Database specialists will help solve the problems by performing the data quality audits and data cleansing.
- They will also help in establishing an information policy and developing the new database.
- They are also responsible for the specific policies and procedures through which data can be managed as an organizational resource.
- This involves overseeing logical database design and data dictionary development, planning for data, and monitoring how information systems specialists and end-user groups use data.
General business managers:
- General business managers would have the final say when managing data resources.
- They would be responsible for defining and organizing the structure and content of the database and maintaining the database.
Who should have the authority?
- The general business managers should have the authority because they are responsible for the data.
- This would mean that even though they allow database specialists to establish an information policy and develop the new database, the managers are the ones who have to approve the final product in order for it to be implemented company-wide.
- The managers are the ones whose reputations are on the line when a company succeeds or fails, so they should have the final authority.
Answer: $184.34
Bess issued four checks with amounts $175.17, $175.53, $175.35,and $184.34. With the total amount she issued, she expected her balance based on her cash register to be $869.96, but as per bank statement, her balance is $1054.13.
To get the amount of check which is not cleared yet, we have to deduct the balance in the cash check register from that of the bank statement:
$1054.13-$869.96 =184.17
$184.34 is the best answer because it is the last he wrote and the discrepancy of 0.17 may be due to some bank charges Bess had not recorded.
Answer:
The approximate monthly payment is $383
Explanation:
Here, we want to calculate the approximate monthly payment on a 3-year lease agreement and we have been told what to do in the question.
Firstly, we start off by subtracting 48% residual value from the MSRP
48% of 26,500 = 48/100 * 26,500 = $12,720
We subtract this from $26,500
That will be $26,500 - $12,720 = $13,780
We have 3 years and that is 36 months
So the approximate monthly payment will be;
$13,780 / 36 = 382.7777777777778 which is approximately $383 to the nearest whole digit
Question:
If the marginal product of capital net depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the rate of labor-augmenting technical progress equals 2 percent, to reach the Golden Rule level of the capital stock, the ____ rate in this economy must be _____.
A) saving; increased
B) population growth; decreased
C) depreciation; decreased
D) total output growth; decreased
Answer
The correct answer is A) <u>Saving</u> rate of the economy must be i<u>ncreased</u> in order for the economy to reach the Golden Rule Level of the Capital Stock.
Explanation
Golden Rule Level of the Capital Stock is the level at which
MPK = δ,
Where MPK is Marginal Product; and δ the depreciation rate;
so that the marginal product of capital equals the depreciation rate.
In the Solow growth model, a <em>high saving rate results in a large steady-state capital stock and a high level of steady-state output.</em> A low saving rate results to a small steady state capital stock and a low level of steady-state output. Higher saving leads to faster economic growth only in the short run. An increase in the saving rate raises growth until the economy reaches the new steady state. That is, if the economy retains a high saving rate, it will also maintain a large capital stock and a high level of output, but it will not maintain a high rate of growth forever .
