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Karen Liu Recently Accepted the Position of Department Chair of the Department

question 5

Multiple Choice

Karen Liu recently accepted the position of Department Chair of the Department of Business at her university. She quickly realized that one of the very important jobs related to her role, was the need to make good human resource decisions as this affected the Department's ability to offer, schedule, and meet student needs for courses in all three academic terms per year. The mission statement of the university specifies a clear commitment to meeting the needs of all stakeholders, and in particular, being student centered is a priority. Due to the distinct rise in the number of students wishing to pursue a degree in business in recent years, this had placed an increasing stress on resources to meet student demand for courses and course sections. In particular, student feedback had indicated that course waitlists were long, that many students were unable to enter into their preferred courses, and that students wished that more courses were offered in three hour blocks or in the evening to allow them easier work scheduling. As she looked at course offerings and schedules from last year, and considered her current teaching faculty, she wondered how she would tackle the huge job of course planning for the next academic year.
-To deal with her increasing faculty member needs,a viable option for Karen is to

Understand the role of discounted cash flow techniques in evaluating the recovery of initial investment.

Identify how profitability indexes are used to evaluate investment projects and their relation to the internal rate of return.

Learn the importance of considering salvage values and cash inflows/outflows, including working capital changes, in project evaluations.

Understand the impact of differing discount rates and expected salvage values on the desirability of investment projects.

Definitions:

Social Forces

The societal elements, including institutions, norms, and cultural dynamics, that influence individuals' behaviors and interactions within a society.

Constrain our Choices

The limitations placed on decision-making by external factors such as societal norms, economic conditions, or legal restrictions.

Marriage Market

The social space in which individuals search for potential marriage partners, often influenced by factors such as socioeconomic status, cultural norms, and personal preferences.

Financial Assets

Economic resources or investments that have monetary value, such as stocks, bonds, or bank deposits.