...may have an effect on the salary of supermodels. Field (2009) suggests the use of forced entry method when the researcher chooses to use a variable as the primary predictor, which in this age is being used to predict salary. The stepwise regression method can be used by a researcher to allocate variables into the hierarchical model in stages, and thereby, analyzing how the best IV correlates with the dependent variable. Genell, Nemes, Steineck, and Dickman (2010) contends that the stepwise regression method is best used to validate each step for an effective “model building process” (p. 2). The stepwise regression method for this study included the use of gender, years, and beauty as the additional independent variables (IV). For the purpose of this assignment, a dummy variable (gender) is added with the first 100 respondents are coded as male and the remaining 131 are coded as female. The assumed level of measurement for gender is scale. Through prior literature research, age is considered to be a strong predictor for a supermodel’s salary. Therefore, age is entered in the first step followed by years of modeling, gender, and attractiveness using the stepwise entry method. Hierarchical Regression Analysis Based on the coefficient Table 4 below, the best fitting model is: Model 1: Y Salary = βo + β1 X Age Y Salary = -36.182 + 2.63X Age Model 2: Y Salary = β₀ + β₁ X Age + β₂ X Year Y Salary = -68.409 + 5.642X Age -4...
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...Dental Hygienist One that might want to pursue a career in the medical field might choose dental hygiene. The overlooked career requires one to be “compassionate and sympathetic with patients, as only medical treatment can be distressing” (Colleges and Degrees). This health profession is designed as a job that “provides services to promote optimal oral health care for the public” (Bonnie Kendall). This profession is vital to our public as dental care is a necessity to maintain good hygiene. An Associate’s degree is the normal “requirement for starting a career as a dental hygienist.” Some courses associated with the degree include: anatomy and physiology, medical science, radiology, and clinical skills. A Bachelor’s degree and Master’s degree are also optional for one trying to gain advanced skills in the profession (Colleges and Degrees). The process of getting licensed varies by state. However, “in most states, a degree from an accredited dental hygiene program and passing grades on written and clinical examinations is required.” It is mandatory for dental hygienists to continue the education process to keep their...
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...HUMAN RESOURCE MANAGEMENT RESEARCH PROJECT relationship between type of compensation and work motivation and comparison between men and women as to which type of compensation motivates which gender. BY APSARA ALI EYMEN TATHEER YUSRA TARIQUE JAMALL BS – VIII SUBMITTED TO: MR: MANSOOR ZAKIR INSTITUTE OF PROFESSIONAL PSYCHOLOGY BAHRIA UNIVERSITY, KARACHI CAMPUS ACKNOWLEDGEMENTS We, Apsara Ali, Eymen Tatheer and Yusra Tarique Jamall would like to thank Allah Almighty for his blessings and for giving us the persistence to carry out this research study. Secondly, we would like to thank our supervisor Mr. Mansoor Zakir for guiding us throughout and for all his support and gave us opportunity to do this research which also helped us in doing a lot of research and we came to know about so many new things. Finally we would also like to thank our parents and friends who helped us a lot in finishing this research project within the limited time. Table of Contents * Acknowledgements 3 * Abstract 6 Chapter 1: Background of Research Study 7 - 12 1.1 Introduction 7 - 10 1.2 Statement of the problem 10 - 11 1.3 Importance of the project ...
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...(Commonwealth Fund), 89, 1-12. The current article briefly differentiates physician recommended drugs and expenses in six other high-wage nations, drawing from Commonwealth Fund study information of patient encounters and in addition global spending and price estimations. The examination uncovers that Americans, especially youngsters are more probably in utilizing the physician endorsed drugs than the inhabitants of Australia, Canada, Germany, Netherlands, New Zealand, and the United Kingdom. However, they likewise encounter more money related obstructions in getting to pharmaceuticals and spend more out-of-pocket for remedies. In the U.S., there are too bigger pay-related disparities in pharmaceutical usage. In spite of the boundaries and variations, spending per individual in the U.S. is far higher; likely the after effect of paying higher costs for comparable solutions and utilizing a more costly blend of medications. The writers say that esteem based advantage plans, reference valuing, and aggregate buying could diminish budgetary hindrances and minimize pharmaceutical spending (Morgan & Kennedy, 2010)....
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...advance. The consumers are always demanding for more personalize and quality of health care services at the time they are seeking for health care delivery creating nurses supply to be less in every health organization. A few probable reasons for nursing shortage within the health care industry can be the number of nurses in the workforce with a close retiring date, immigrated nurses from other country that works under constrained work permit, and also the population growth. As population increase the requirement for health care providers and services the growth of nursing and medical providers’ shortage will be notable. According to Getzen (2007), “There has recently been a growing recognition that instead of a surplus, a future shortage of physicians may occur. Since the number of U.S. medical graduates has not kept pace with the growth in U.S. population” (Chapter 7, p. 161). The nursing shortage and medical providers has become extremely demanded within the health care industry to provide a quality of health care. The following information will define economic concepts such as supply curve, demand curve, marginal analysis, and elasticity. According to Caron (2004), “Currently, the emerging shortage of RN’sposes a real threat to the nation’s health care system. RN’s are the single largest group of health care professionals in the U.S., buttressing the entire health care delivery system” (para. 1). Supply and Demand Curve Supply and demand curve are an important factor...
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...CASE STUDY Denison Specialty Hospital Denison Specialty Hospital is planning its master budget for the coming year. The budget will include operating, capital, cash, and flexible budgets. The hospital is noted for its three fine programs: Oncology (cancer), Cardia (heart), and Rhinoplasty (nose jobs). Part I. Section A The managers at Denison have been busy working. They have reviewed past records, considered changes in competition, the general economy, and overall medical trends. Using past changes and anticipated rates of medical inflation, they have also made a first attempt at setting their prices. Based on a thorough review and discussion of these data, they have projected that next year will have 240 patients. They expect 120 oncology patients, 80 cardiac patients, and 40 rhinoplasty patients. The charge, or list price, for Oncology patients will average $50,000. Cardiac patients will be charged an average of $40,000, and rhinoplasty, $25,000 per patient. However, those charges often are not the actual amount ultimately received. The amount the hospital receives depends on whether patients pay their own hospital bills or have health care insurance. Assume that private insurance companies pay the full charge or list price. However, Medicare and Medicaid have announced rates they will pay for the coming year as follows: Oncology patients $40,000, Cardiac patients, $30,000, Rhinoplasty $10,000. Self-pay patients are supposed to pay the full charge, but generally...
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...CASE STUDY Denison Specialty Hospital Denison Specialty Hospital is planning its master budget for the coming year. The budget will include operating, capital, cash, and flexible budgets. The hospital is noted for its three fine programs: Oncology (cancer), Cardia (heart), and Rhinoplasty (nose jobs). Part I. Section A The managers at Denison have been busy working. They have reviewed past records, considered changes in competition, the general economy, and overall medical trends. Using past changes and anticipated rates of medical inflation, they have also made a first attempt at setting their prices. Based on a thorough review and discussion of these data, they have projected that next year will have 240 patients. They expect 120 oncology patients, 80 cardiac patients, and 40 rhinoplasty patients. The charge, or list price, for Oncology patients will average $50,000. Cardiac patients will be charged an average of $40,000, and rhinoplasty, $25,000 per patient. However, those charges often are not the actual amount ultimately received. The amount the hospital receives depends on whether patients pay their own hospital bills or have health care insurance. Assume that private insurance companies pay the full charge or list price. However, Medicare and Medicaid have announced rates they will pay for the coming year as follows: Oncology patients $40,000, Cardiac patients, $30,000, Rhinoplasty $10,000. Self-pay patients are supposed to pay the full charge, but generally...
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...Manager Interview Paper Job satisfaction, Motivation and Leadership in the Workplace Introduction As a business major, I surround by numerous success stories from internet, magazines and visiting business professionals in different lectures. They all achieve a certain kind of success although they may have totally different background, organizational culture and management style. Therefore, it is hard for me to find the common point behind their successes. When I start to learn organizational behavior, I begin to understand how their successes connect to each other with the help of various concepts and theories. In order to further understand whether managers implement the concept in to a real work scenario, I interviewed Peng Liu, the vice president of Hisen Pharmaceuticals Co., and write this paper to find out what exactly he did in a daily basis, and how his managing style related to the theories and concepts in organizational behavior. By summering and evaluating the findings, I could possibly understand why organizational behavior deserve to be learned and applied by managers, even it requires extra time, money and efforts beyond their responsibilities. General background and responsibilities Peng has been with Hisen for 12 years. He started his current job when he joined Hisen. As a manager of a Chinese manufacturing company, Peng has a pretty large number of subordinates, consisting of product research team, administrative team, sales team, finance team,...
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...Final Assignment FP 101 1) When does repayment of a PLUS loan begin? | A. 6 months after disbursement | | B. 6 months after graduation | | C. 9 months after graduation | | D. 2 months after disbursement | | | | 2) Which of the following is true about credit reports? | A. A credit report does not list requests for your credit report. | | B. You always have to pay for a credit report | | C. There is only one credit bureau that provides credit reports | | D. You can get a free credit report by contacting a credit bureau. | | | | 3) Which of the following is true about student loans? | A. All student loans are subsidized. | | B. All student loans are issued by the federal government. | | C. Rates on student loans tend to be more favorable than other types of consumer credit. | | D. You do not need to be a US citizen to obtain a loan from a federal program. | | | | 4) Which of the following is not a good reason to refinance a home mortgage? | A. A reduction in the term of the mortgage | | B. Access to the equity in the home | | C. A reduction in the interest rate of at least 1 perccent | | D. A significant increase in the monthly payment. | | | | 5) Which of the following is not true about student loans? | A. There are two types of student loans: subsidized or unsubsidized. | | B. You may qualify for a loan even if you are in default on another student loan. | | C. It is possible to...
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...Sabina Green Labor & Employment Law March 1st, 2015 Professor Dr. Babb Abstract This paper explores the thoughts and variations with the “Equal Pay Act”. The thoughts and ideas of discrimination against those of different genders and how they relate to the pay scale. Being based on experience and time on the job plays a major part in the role of individuals involved in the working environment. Exploring the ideas and concepts behind this act and how it has transformed over a course of 50 years. Looking at real cases and even scholarly articles from individuals such as Christina Hoff Summers. Keywords: Equal Pay Act, Gender, Male and Female There are many laws that have prohibited individuals from being able to do certain things. One of the main things that we have seen throughout our time is the idea and concept that laws are not always for the people. When it comes to working a job, many people will focus on experience, education and previous job training that an individual has held to determine their pay. However, we have seen other issues that do not even apply to that. The “Equal Pay Act” was created so no one in the working lifestyle would be or could be discriminated against for any reason pertaining to the job and their pay. In a world full of opportunities, no one expects to go into somewhere and not receive the correct pay due discrimination which is illegal and unfair in many aspects of life. The Equal Pay Act requires that men and women in the same...
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...your dream job. When creating my dream job I need to know the basic functions of my job description and job specifications. Job description is a lists of tasks, duties and responsibilities that a particular job entails (Denisi /Griffin, 2012). A job specification focuses more on the individual who will perform the job, which indicate the knowledge, abilities, skills and other characteristics (Denisi/ Griffin, 2012). These are some of the job description and specification with this profession as registered nurses that I will typically be responsible in order to perform my job: * Record patients' medical histories and symptoms * Give patients medicines and treatments * Set up plans for patients’ care or contribute to existing plans * Observe patients and record the observations * Consult with doctors and other healthcare professionals * Operate and monitor medical equipment * Help perform diagnostic tests and analyze results * Teach patients and their families how to manage their...
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...FP101 Final Exam 1. When you have serious credit card debt, where is the best place to seek help? a. From a debt consolidation company b. From an independent consumer credit counseling agency, such as AICCCA or the National Foundation for Credit Counseling c. From a credit deferral service d. From a private loan organization, such as a bank or credit union. 2. Which of the following is considered secured debt? a. Student Loan b. Credit card c. Auto loan d. Debt consolidation loan 3. Students should aim to keep their total student loan debt to a. less than the salary they are likely to make their first year out of school b. less than 200% of their first-year salary c. about the total cost of 4 years of their education d. less than 150% of their first-year salary 4. Which of the following is considered a very good credit score? a. 500-559 b. 600-659 c. 700-759 d. 760-859 5. What is a credit utilization rate? a. How many open credit accounts you have b. The percentage of all your reported credit accounts that are open accounts c. Your total outstanding balance as a percentage of total credit limit d. How often you use credit to make purchases 6. What is the main disadvantage of using only a debit card? a. Debit card purchases are not reported to credit reporting agencies and therefore will not help you build your credit score. b. Not...
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...international taxation, and often have both domestic (i.e. their home-country) and host-country tax liabilities. Therefore, tax equalization policies must be designed to ensure that there is no tax incentive or disincentive associated with any particular international assignment. The administration of tax equalization policies is complicated by the wide variations in tax laws across host countries and by the possible time lag between the completion of an expatriate assignment and the settlement of domestic and international tax liabilities. In recognition of these difficulties, many MNEs retain the services of a major accounting firm for international taxation advice. The United States Department of the Treasury and the Internal Revenue Service (IRS) would be providing more guidance on the International Taxation issues starting 2014-15. International relocation and orientation involves the following activities: * Arranging for pre-departure training; * Providing immigration and travel details; * Providing housing, shopping, medical care, recreation and schooling information; * Finalizing compensation details such as delivery of salary overseas, determination of various overseas allowances and taxation treatment. The issues also arise when expatriates return to their home-country as they experience anxiety which would...
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...video ("Atwood and Allen," 2014) which is already having multinational presence and looking forward to expand further in various demographic regions, needs to consider various factors to fulfill organizational strategies. Attracting right talent, retaining existing talent and improving upon existing talent of employees are some major challenges faced by all such types of organizations. For such organization with its multinational existence I will choose a multinational based compensation plan which will account for regional cost of living adjusted with inflation. Employees are compensated with salary and benefits for the value they deliver for organization. As per marginal revenue theory, stated in (Casio, 2013), organization will higher worker only when they get convinced that employee can produce a value equivalent to wages. Organizations will try to reflect this value gained into salary and profit to ensure...
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...COMPENSATION ADMINISTRATION Compensation administration is a segment of management or human resource management focusing on planning, organizing, and controlling the direct and indirect payments employees receive for the work they perform. Compensation includes direct forms such as base, merit, and incentive pay and indirect forms such as vacation pay, deferred payment, and health insurance. Compensation does not refer, however, to other kinds of employee rewards such as recognition ceremonies and achievement parties. The ultimate objectives of compensation administration are: efficient maintenance of a productive workforce, equitable pay, and compliance with federal, state, and local regulations based on what companies can afford. The basic concept of compensation administration—compensation management—is rather simple: employees perform tasks for employers and so companies pay employees wages for the jobs they do. Consequently, compensation is an exchange or a transaction, from which both parties—employers and employees—benefit: both parties receive something for giving something. Compensation, however, involves much more than this simple transaction. From the employer's perspective, compensation is an issue of both affordability and employee motivation. Companies must consider what they can reasonably afford to pay their employees and the ramifications of their decisions: will they affect employee turnover and productivity? In addition, some employers and managers believe...
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