1. Your new startup is a success and you need to hire some new employees. Compensation for your targeted potential employees is distributed as follows, keep in mind that you can't distinguish with certainty potential employees value:
Employee Value Probability
$60,000 0.25
$70,000 0.25
$80,000 0.25
$90,000 0.25
2. Based on this probability distribution and value of these employees, what is the expected weighted compensation you could offer?
$65,000
$75,000
$80,000
none of the above
3. If you are advertising the position for the expected value calculated in the first question, what is the expected value of the employees that would apply to the job?
Below $75,000
Above $75,000
Above $90,000
none of the above
4. If you are offering the expected weighted compensation (calculated in first question), calculate the real value of the only candidates that would apply (because they would feel properly compensated by the offer).
$65,000
$75,000
$80,000
none of the above
5. To attract the best talent what is the salary range based on qualification and experience you should offer:
$60,000 - $90,000
$75,000 to $90,000
$90,000-$100,000
none of the above
6. In Mexico there is also two distributors with values similar to those in the Philippines, but both are State run enterprise. If the US beverage firm were to partner with those two Mexican distributors, how much revenue would the beverage firm keep?
$120m
$80m
$100m
$160m
7. If marketed side-by-side fridges sold to men = $1400, Calculate manufacturer sale price of and a French door option model targeting women, before calculating the total revenue from sale of one side-by-side fridge for men and one French door model marketed to appeal for women.
a. $6000
b. $4200
c. $3000
d. none of the above