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Aneli [31]
4 years ago
15

Imagine you own a home improvement business that is trying to keep up with increased demand and is rapidly growing. You need to

hire several new employees in key roles, including finance and human resources. You want to make sure you get the hire right the first time. Explain whether you will use an unstructured or a structured interview approach in hiring your workers. Explain your rationale and the expected effect on your business. What concerns do you have about the process
Business
2 answers:
Leno4ka [110]4 years ago
8 0

Answer:

I will combine both methods given that they have their advantages and disadvantages.            

Explanation:

When an interviewer prepares a particular set of predetermined questions in advance, this is referred to as Structured Interview.

Unstructured Interview on the other hand refers to an interview in which the questions to be asked to the respondents are not set in advance.

Using the structural technique helps the interviewer to save time, look professional and enables him or her do a thorough assessment. It is not unlikely however that as the prospects give answers to the predetermined question, that other grey areas requiring more clarity or information may arise.

When this happens, unrehearsed questions would have to be administered.

A combination of both techniques therefore will increase the likelihood of getting the best candidate for the roles at first try.

What this means for the business is that

  • it reduces the Time Taken To Fill the roles
  • because time take to fill is reduced, the company can close up the gap in the human capital value addition process thus increasing it's net value
  • the business will experience quicker take off of it's expansion strategies.

Cheers!

katrin2010 [14]4 years ago
5 0

Answer: Find the explanation below.

Explanation:

I would use an Unstructured Interview to hire my new employees. This is a less rigid form of interview that allows the interviewer to gain a deeper knowledge of a prospective employer.

My rationale and the expected effect on my business:

Unlike the structured interview, it deals with open-ended questions that are highly flexible. I would have the opportunity to truly understand my potential employees and see if they have the qualities I seek for my business growth. For my business, I need smart, honest, articulate individuals who can easily adapt and show understanding of situations. I would present different work scenarios and ask about their reactions to them. This would help me understand their personalities.

My concern about this interview approach is that it may take a lot of time to probe my candidates so as to determine their honest opinions on my questions.

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Explain the opportunity cost of working on a farm. ​
Liula [17]

Answer:

Opportunity cost is a useful concept when considering alternative places for using your resources and assets. ... If he/she farms the land, the opportunity cost is the income foregone by not renting it to a neighbor.

8 0
2 years ago
As a customer acquisition technique, events: a. Are considered mostly ineffective compared to mobile advertising or social media
KonstantinChe [14]

Answer: a. Are considered mostly ineffective compared to mobile advertising or social media promotions.

Explanation:

Customer acquisition techniques refers to the strategies that are helps in the identification of the potential leads which are then converted into active customers. Such techniques include personalized offer design, automated email marketing etc.

As a customer acquisition technique, events are considered mostly ineffective compared to mobile advertising or social media promotions.

8 0
3 years ago
The organized effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs th
Alik [6]

Answer:

E-business

Explanation:

E-business is a general term that incorporates all types of utilizing electronic data and communication developments to help and streamline business forms. Interestingly, internet business web-based exchanging of items and benefits. E-business technique has helped customers to purchase whatever they want by just one click, and it has facilitated new small enterprises to start businesses at a low operational cost.

4 0
4 years ago
Mattice Corporation is considering investing $720,000 in a project. The life of the project would be 11 years. The project would
lbvjy [14]

Answer:

The Project should be rejected.

The Net present value is lower than zero. Meaning the returns on the investment yields a loss, as we are not able to cover our initial investments.

Explanation:

The Present value of the inflow and outflow should be considered before deciding the viability of the project.

Using the Net Present Value approach, we will want to consider against the outflows and at a certain cost of capital/rate of return if this projects meets at least the minimum threshold of breaking even. At this point the net cash flow would be at least zero for the project to be accepted.

Kindly review the document attached for detailed workings.

3 0
3 years ago
Cynthia loves her apartment and would like to have the option to buy it once her lease is up. Who is the best person to help Cyn
Volgvan

A real estate attorney is the best person to help Cynthia prepare a lease option.

<h3>Who is the optionee in an option contract?</h3>
  • The seller is the optionor and the buyer is the optionee in an option contract.
  • It is a unilateral contract since the buyer has the option to purchase while the seller is required to sell.

<h3>What is an option to buy agreement?</h3>
  • An option-to-purchase agreement is a contract that grants a tenant or investor the opportunity to buy real estate in the future in exchange for a fee.

<h3>What does first option to buy mean?</h3>
  • When an owner intends to sell a property, this clause, also known as a right of first refusal or first right to purchase, compels the owner to provide the holder the first opportunity to purchase the property.
  • The holder cannot compel the owner to sell, unlike the option to purchase.

<h3>What is purchase option?</h3>
  • A purchase option is the freedom to buy, rent, or lease real estate or other property interests.

Learn more about Cynthia  here:

brainly.com/question/11916034

#SPJ4

5 0
2 years ago
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