Answer:
1. Create and give innovative experience.
2. Brand and reputation operation
3. Improvement in workers general welfare
Explanation:
As a manager in an hotel, I would Improve the facets of the hotel by
1. Create and give innovative experience. As a manager, I would ensure the hotel create and delivers top notch service considering there are competition in the hospitality industry.
2. Brand and reputation operation. When customers receives a world class experience, reputation is being created here. I would then sustain this reputation by making it a brand upon which the hotel will be identified with subsequently.
3. Improvement in workers general welfare. This is very critical to the success of the hotel. Once workers are well paid , it would spur them to work and align with the vision I have for the hotel.
Answer:
D.
Explanation:
A economic model can be used to explain or predict economic phenomena, because every model has to have key variables that command the economic decisions and operations.
An economic model is define to get a specific goal, so when some problem comes, you can study every decision based on the model applied, that 'simplifies' solutions, or even better, you must be able to predict when economic problems will arrive.
Answer:
Explanation:
Productivity per unput dollar=Fees charged from clients/total cost to firm
There are 3 options:
1. Using current software:
Av time=40 min
Researcher's cost=$2 a min
Total cost=40*2=80
Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5
2.
Using company A's software
Av time=30min
Cost of reducing av time=$3.5
Researcher's cost=$2
Total =30*2+3.5=63.50
Productivity per dollar input=400/63.5=6.3
3.
Using company B's software
Av time = 28 min
Cost of reducing av time=$3.6
Researcher's cost=$2
Total cost=28*2+3.6=59.6
Productivity per dollar input=400/59.6=$6.71
Answer - Using company B's software
Answer:
Holding period return = 14.49%, Standard Deviation = 11.08 approx
Explanation:
Eco Scenario Dividend Stock Price HPR Prob Expected HPR
Boom 3 60 26 0.33 8.58
Normal 1.2 58 18.4 0.33 6.072
Recession 0.75 49 (0.5) 0.33 <u> (0.165)</u>
Expected HPR 14.49%
<u>Calculation Of Standard Deviation</u>
(A) (B) (A) - (B)
Given return Exp return d p 
60 50 3 26 14.49 11.51 0.33 43.718
58 50 1.2 18.4 14.49 3.91 0.33 5.045
49 50 0.75 (0.5) 14.49 14.99 0.33 <u> 74.15</u>
Total = 122.91
wherein, d = deviation
p = probability
Standard Deviation = 
= 
= 11.08
<u></u>
<u>Working Note</u>:
Holding period return = 
Boom = 
= 26%
Similarly, for normal = 
= 18.4%
Recession = 
= (0.5)%
figure in bracket indicates negative return
