Green Mountain College Is a 5,000 Student State-Supported, Four-Year Institution

question 84

Essay

Green Mountain College is a 5,000 student state-supported, four-year institution located in the mid-South. Physical facilities can accommodate another 1,000 students, and the college administration is attempting to estimate the added yearly cost of educating the additional students. The Business Manager of Green Mountain College has asked you to evaluate two linear regressions given below, and recommend the better one to her. Where: SC = Student cost
CH = Cost per credit hour
IS = Incremental cost per student
Required:
(1) Explain your choice of cost function (regression 1 or regression 2) for predicting added student educational costs per year.
(2) What information value does the standard error of estimate (SE) have in this situation?

Evaluate the effectiveness of compensation systems through various metrics.

Understand the advantages and disadvantages of outsourcing HR functions, including compensation.

Appreciate the role of technology in HR functions, especially in compensation management.

Grasp the strategic considerations in designing and outsourcing compensation systems.