...Unit 4 [GB513: Business Analytics] Assignment This assignment requires you to use Excel. There is no template for this assignment. Make sure you explain your answers and provide the regression output tables for questions 1 and 2. Question 1 Shown below are rental and leasing revenue figures for office machinery and equipment in the United States over a seven-year period according to the U.S. Census Bureau. Use these data to run a linear regression and then forecast the rental and leasing revenue for the year 2012. Year Rental and Leasing ($ millions) 2004 5,860 2005 6,632 2006 7,125 2007 6,000 2008 4,380 2009 3,326 2010 2,642 Question 2 Suppose a researcher gathered survey data from 19 employees and asked the employees to rate their job satisfaction on a scale from 0 to 100 (with 100 being perfectly satisfied). Suppose the following data represent the results of this survey. Assume that relationship with supervisor is rated on a scale from 0 to 50 (0 represents poor relationship and 50 represents an excellent relationship), overall quality of the work environment is rated on a scale from 0 to 100 (0 represents poor work environment and 100 rep resents an excellent work environment), and opportunities for advancement is rated on a scale from 0 to 50 (0 represents no opportunities and 50 represents excellent opportunities). Answer the following questions: A) What is the regression formula? B) How reliable do you think the estimates will be based on this formula? How...
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...Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? A socialist system is the best economic system to handle emergency situations. First, let’s understand what a socialist society is. “A socialism society is where the state owns certain productive resources. The government manages efforts to minimize dramatic differences between economic classes, and opportunities are given to entrepreneurs, with varying degree of restrictions.” “It lies somewhere between communism and capitalism, with a fairly high degree of government planning and some government ownership of capital resources.” (Bovee) “All individuals have access to basic articles of consumption and public goods to allow for self-actualization. Large-scale industries are collective efforts and thus the returns from these industries must benefit society as a whole.” [http://www.diffen.com/difference/Capitalism_vs_Socialism] A socialist system can help a country concentrate efforts and resources to an emergency. One of the most important disaster response strategies of a socialist society is to mobilize the entire country to help disaster areas. They can launch a general mobilization and send soldiers to the disaster area shortly after an emergency. The government will help everyone equally. In addition to government efforts, individuals and organizations can provide assistance to the affected area. They can send use their own resources...
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...| Final Paper | BMGT 312 Gender in Business | | Antoinette | 12/14/2012 | | A friend of mine was promoted to a managerial position. He assumed the position from a woman of foreign background that allowed her representatives(both male and female) to skip pass their immediate supervisors and come directly to her with any office or personal problems, from office grievances to attendance issues. Instead of “six degrees of separation” she also would invite these employees over for dinner and drinks. This relationship has continued on to her new position, whereas, whenever the representatives are in disagreement with his style of management they tend to confront her with it to insure that their wants/needs are addressed accordingly. Although he and the former manager are on amicable terms, he had to assert himself to his subordinates to make them understand his position and his policies. Communication Hearing Robert talk about the issues he was having with the staff, I reminded him to remember when he encountered a new boss who was trying to make a name for himself and how their initial reactions were - probably don’t bother me with trivial issues - and you felt that you were not getting anywhere, so you revert back to what/who you know. Communicating to your staff with what your expectations are and what’s acceptable and what’s not is one step to correcting the problem. He needed to communicate to his assistant manager’s to what their roles are and how to...
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...Management vs Leadership The article I chose came from www.forbes.com and is entitled “Leader or Manager, what does your small business need?” by Marc Compeau (see link at the bottom). The article discusses the constant debate of what is better for a business; a manager or a leader? The book defines a manager as “planning, organizing, leading, and controlling of human and other resources to achieve organizational goals efficiently and effectively” (P.5). The book described leading as being able to “motivate. Coordinate, and energize individuals and groups to work together to achieve organizational goals” (P.8). In the definition the book states that to manage you must lead. Compeau states “I do know that your business has different needs at different times.” I personally believe that you need to be able to do both obviously, but it is not about wearing two hats, it is about knowing when to wear which hat! This is an extremely rare combination very few can achieve. Compeau offered his own distinction between the two; Leadership is managing change, Management is leading stability. You cannot just manage, managing keeps everything the same and nothing is moving or growing. Leading is changing and moving forward. This is why having a strong “managing leader” would help a business to strive. Compeau also discusses employees needing direction. The book states that “Leadership revolves around encouraging all employees to perform at a high level to help the organization achieve...
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...Business plan Smith Warehouse Las Catalinas Mall P. O. Box 362 Caguas, Puerto Rico 00726-0362 Telephone (787) 555-7755 Fax (787) 555-7756 E-Mail SmithWarehouse@gmail.com Table of Contents I. Table of Contents 2 II. Executive Summary 3 III. General Company Description 4 IV. Products and Services 5 V. Marketing Analysis 7 VI. Operational Plan 8 VII. Busisness Risk and Options 11 Executive Summary Thanks to the development of the web and its incremental use, Smith Warehouse has decided to create an online supermarket with delivery. “No waiting in line, no wasting of time”. Our business allows you to compare prices across the largest Grocery and Health & Beauty products in the PR. Visit our website; you're guaranteed to find the best prices, all the offers and the best value. General Company Description www.SmithWarehouse.com is a shopping website will serve as guide for the best offers and best buys for food prices. It will allow you to compare the value and prices of your entire cart, comparing with others retailers in the PR. It automatically checks what's in your basket and recommends swapping items for ones of better valued products. You can choose from five different departments: * Grocery * Produce * Dairy * Health & Beauty * Wines & Beers How much can you save? You can save up to 35% on the total of your shopping’s. Ways to Save * Personal Shopping Companion Bar - Get the best value for your cart...
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...Critically analyses why a business can fail during the early stages of operation in a context you are familiar with. Bakr and Ellis(1987) There is no generally accepted definition of business failure,but from the economic approach,it can be defined as firm earning a rate on return on investment which is less than the company’s opportunity cost. Starting the new business at the beginning of stage is the most difficult period. There are no guarantee that the business is going to success or fail in the future, it all about how the owner of the business to handle the situation, catching the change in market,beating the competitor and making profit year over year.There are also thousands of new born business suffering from the failure period which lead to the company go burst and lose everything. The new born business can manly divide into two parts,the first one would be the Internal factors such as,financial problem,difficultly of getting trust from the suppliers, cost problem, management problem etc. The second one would be external factor,such as the business environment,government measures,taxation etc. So it is very important to know what exactly makes the difference between the succeed and a failed company and how the Entrepreneur is going to handle the situation to avoid the company go bankrupt and gain some experience form the failed examples to avoid the same situation happen when setting up the business during the first stages. There are also some positive and negative...
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...Executive Summary Everyone is ignorant, only on different subjects. To learn is to acquire knowledge or skill. Learning also may involve a change in attitude. Learning is not just a change in attitude; it is a change in the way a man thinks, understands, or feels. Learning some things depends on other perceptions which have preceded these learning’s, and on the availability of time to sense and relate these new things to the earlier perceptions. Thus, sequence and time are necessary. After studying the theoretical aspect of a subject matter, understanding its practical implications is one of the prime steps of learning. Our assignment is on history of legendary and successful Entrepreneur, which is fully in the organizational context. During the process of preparing this assignment, we could enrich our knowledge about many aspects of the Entrepreneurial Management that we have explored with the light of our limited knowledge. The most successful men in the end are those whose success is the result of steady acceleration. Therefore, we have chosen Sir Fazle Hasan Abed - a living legendary leader, organizer, risk taker and an innovator who has cosmopolitan acceptance to complete our assignment. His life history as a successful entrepreneur inspired us to take extra interest and effort to know about him and we have become more resourceful on this living legend. SIR FAZLE HASAN ABED - A SUCCESSFUL ENTREPRENEUR Born 1936 (age 74–75) Baniachong, British India (now...
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...The Acceptance and Awareness of Small and Medium Enterprises towards Implementation of GST in Kuala Lumpur and Johor Bahru CHAPTER ONE – INTRODUCTION 1.1 Background of the Study The production of a good or service, in general, goes through several stages before the final product or service reaches the consumer. To illustrate, if the production and distribution process is divided into three basic stages of manufacturing, wholesaling and retailing, value is added at each stage through further processing, packing or other improvements before it reaches the consumer via the retailer. The GST is a tax on the value added to the output or service at each stage of the process. In its generic form, the GST is a value-added tax (VAT). These terms are used interchangeably in this note. A multi-stage tax like the GST protects tax collections through two built-in features. First, the multi-point collection and invoice trail minimizes tax avoidance and tax evasion. This is because the need to issue and obtain invoices to claim tax deductions for taxes imbedded in inputs from a previous stage of the production chain fosters greater compliance. Second, the GST is better able to protect revenue from tax evasion by retailers as compared to a single-stage sales tax imposed solely at the retail sales tax (RST). This feature, however, comes with greater administrative and compliance costs. 1.2 Problem...
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