You have your eye on a nice, reliable used sedan after you are finished with school. You will probably only keep the car for 3 years before selling it. You and the dealer determine that you can either buy the $13,000 car (with 36 monthly payments) or lease it (for 36 months). If you buy it, you must make a down payment of $3,000 at n=0, and then you must pay off the balance in monthly installments based on a 1% effective monthly interest. You would plan to sell the car for $7,000 at the end of year 3. If you choose to lease the car, you must pay $1,500 at n=0 as an origination fee, and you will make 36 end-of-month lease payments of $250 each. At the end of the lease, you will return the car to the dealership. When considering the lease, use the same effective monthly interest rate as the buy option for determining equivalence. a. What will be the monthly payment amount if you choose the buy option? b. Which option is better (i.e., which option has the lowest equivalent cost)?

How do you find total fixed cost?

You have been hired as an HR consultant to help implement a high-performance work system at a large firm. To date, you have discussed the need for change with employees and explained strategy and the vision of the future. What should you do next? O Perform a process audit. O Allocate resources. Engage senior management. Tie the HPWS to performance. Use your knowledge of high-performance work systems to answer the following question. You have been hired as an HR consultant to monitor and evaluate a high-performance work system that has been in place for two years at a large firm. What are the best questions to include in your process audit? Check all that apply. Is the organization more competitive than in the past? What is the employee turnover rate? What is the overall satisfaction rate of employees? Are employees being treated fairly so that power differences are minimal?

A team is much more than a group of people brought together. What factors contribute to effective teams? How might you go about building a high performing innovation team using this information?