What are the Type I and Two decision errors costs?

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Type 1 and Type 2 Errors:  An Application from HR, Hiring

What are Type 1 and Type 2 Errors:  Here is some help.   https://www.recruiter.com/i/type-i-ii-errors-in-recruiting/

Type I and Type II Decision Error Costs

The HR department is trying to fill a vacant position for a job with a small talent pool. Valid applications arrive every week or so, and the applicants all seem to bring different levels of expertise. For each applicant, the HR manager gathers information by trying to verify various claims on resumes, but some doubt about fit always lingers when a decision to hire or not to hire is made.

· What are the Type I and Two decision errors costs?

· Which decision error is more likely to be discovered by the CEO?

· How does this affect the HR manager’s hiring decisions?

PLEASE DO NOT RELY ON WIKIPEDIA, INVESTOPEDIA OR ANY OTHER PEDIA AS A REFERENCE AT ANYTIME IN THIS COURSE.

FOR THE MAXIMUM POSSIBLE CREDIT OF 20 POINTS, YOU MUST COMPLETE ONE POST AND ONE FOLLOW-UP/REPLY.  MAKE SURE BOTH THE POST AND REPLY FOCUS ON THE QUESTIONS ASKED.

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How Companies Can Profit from a “Growth Mindset”

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PART ONE (1):

In the article, How Companies Can Profit from a “Growth Mindset”, there are a great number of benefits to encouraging employees and team members to grow and develop their skills, talents, and competencies.

You are a new manager in a company that believes in a fixed mindset approach. Through your own professional development over the years, you have worked to develop a growth mindset for yourself. Now that you’re in a leadership role, how could you go about creating change within your new department and encouraging your company to foster a growth mindset?

For instance, how would you deliver feedback to your team members that would promote a growth mindset?​

Note – You can learn more about mindset and growth mindset in Chapter 7 of the webtext. Here is also a short YouTube video to learn more too: https://youtu.be/KUWn_TJTrnU

*** At least 8 sentences ***

PART TWO (2):

Respond to a Classmate down below:

To create a growth mindset, I would first let my employees know that all of them are very valuable to me, and without them doing their job, none of this would be possible. Praising the employees and letting them know that they are essential will hopefully convince them to do their job and beyond. I will also make sure to let them know about the opportunity for advancement. I would give them bonuses and rewards for them striving to be better. I would have a meeting every Thursday to make sure that I am doing all I can as their Leader so that they can do their best. I would also work just as hard as them because sometimes you have to lead by example.

Would you characterize the U.S. dollar as a freely floating or dirty float system? What characteristics support your answer?

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Directions: Answer the following questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both.

  1. Would you characterize the U.S. dollar as a freely floating or dirty float system? What characteristics support your answer?
  2. What is direct central bank intervention in the currency markets and provide an example of this from the last 50 years.
  3. Assume that Canada suddenly experiences high inflation. How might this affect the value of the Canadian dollar according to the purchasing power parity (PPP) theory?
  4. Australia’s central bank decides to increase the value of the Australian dollar against the Japanese yen. How might it use direct intervention to do this?
  5. Assume the following information: i. Mexican one-year interest rate = 15% ii. U.S. one-year interest rate = 11% iii. If interest rate parity exists, what would be the forward premium or discount on the Mexican peso’s forward rate? Would covered interest arbitrage be more profitable to U.S. investors than investing at home? Explain.
  6. Create a balance sheet for a typical bank, showing its main liabilities (sources of funds) and assets (uses of funds).
  7. The Federal Reserve has increasingly favored the use of Repurchase Agreements as part of its open market operations. Briefly describe these and why the Fed or banks prefer to use them.
  8. Banks engage in proprietary trading as part of their operations. Briefly speculate on why they now must adhere to much more stringent trading activity as a result of the 2008-09 financial crises.
  9. Briefly describe two off-balance sheet activities and why banks favor the use of these.
  10. If you were the CEO of a US bank, would you consider establishing a foreign branch? What might be a concern related to doing so?

Write a short (not more than 750 words) narrative that describes the kiosk check-out process. 

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The library board wants to investigate self-service kiosks in more detail. They want to be sure that the kiosks will enforce these two rules: (i) a patron may not have more than 10 items checked out at any time, and (ii) patrons may not check out any materials if they owe $5 or more in fines.

  1. Write a short (not more than 750 words) narrative that describes the kiosk check-out process.
  2. Illustrate the check-out process using your choice of workflow diagram, activity diagram, or flow chart. Explain why you selected that type of diagram.
  3. The library’s IT department could create its own software for the kiosk or purchase an off-the-shelf system. Prepare a detailed list of the benefits and drawbacks for each option. Recommend one option and explain your reasoning.
  4. Identify an ethical, legal, or cultural issue that may arise in connection with these kiosks. Suggest how it could be addressed.

Your document must follow these formatting requirements:

  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date.
  • All charts and diagrams must be the student’s original work. They must be pasted into the document as neat, legible images.
  • The cover page and the reference page do not count towards the assignment’s length.

The specific Course Learning Outcomes associated with this assignment are:

  • Recommend requirements for a system that enable a productive change in a way the business is conducted.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.