Lexie, a marketing manager, regularly interviews candidates for her team. Because Lexie is a people person, and her department is built on teamwork, when she interviews candidates for a

job, she tries to get to know the candidates as people. She always begins by saying, "Tell me

about yourself," and based on what the candidate says, she lets the conversation unfold for 30

to 60 minutes per session.

Questions

i) How does Lexie’s current interview technique limit her effectiveness as an interviewer?

[3 marks]

ii) Lexie also wishes to contact people or organizations as referees for job candidates to fill

strategic positions in the organizations. Discuss two to three limitations of referee reports

placed on management or organizations for job candidates. How do organizations cope

with this burden?

[4 marks]

iii) The human resource department at Lexie’s organization is preparing to formulat

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396