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Ace Hardware was launched in Maldives on 15 December 2011 in partnership with Ace International, Chicago, USA. Ace Hardware and Home Centre’s first store was opened in Male’, on 20 December 2011. After two successful years and increasing demand for the high- quality products offered at Ace, a second store was inaugurated on 19 December 2013, enabling our customers more accessibility and even a larger variety of products.

Founded in 1924 by a small group of Chicago hardware store owners, Ace changed the retail landscape by allowing individual stores to purchase merchandise in bulk to save money and buy at the lowest possible price. This partnership enabled even the smaller stores to compete effectively at retail despite larger stores in their market. Within this partnership, Ace Hardware and Home Centre stores in Male’ are owned and managed independently by Co-Load Maldives Private Limited, an organization dedicated and passionate to serve for the betterment of the community

a. Discuss the implications of maintaining a positive psychological contract for the employment relationship
b. Why do managers at most companies prefer that unions not represent their employees? Can unions provide benefits to Ace Hardware? Explain.

c. Explain why it is important for businesses like Ace to improve occupational health and safety.

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Respond to an email that suggests an unethical practice.

Imagine that you’re an intern for the law fi rm Dewey, Wright, and Howe. As part of a team, you’re developing an Orientation Plan for future interns. Your team receives the email on the next page from the HR recruiter at the fi rm. In small groups, fi rst discuss the situation and why this is an ethical dilemma. Then, on your own, write an email to respond to Mark’s suggestion. You will want to balance ethics with tone to avoid accusing Mark of anything inappropriate and potentially making him feel defensive. When you’re fi nished, share your draft with your group members and compare emails. Which works best and why?

Respond to an email that suggests an unethical practice. Imagine that you’re an intern for the law...

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The following information refers to Questions 1 through 6.

 

Questions

1. Based on Exhibit A, the factor that would most likely have the greatest positive impact on

the per capita GDP growth of Country A is:

A. free trade.

B. technology.

C. saving and investment.

2. Based on Observation 1, in the long run the ratio of profits to GDP in Country A is most likely to:

A. remain near its current level.

B. increase from its current level.

C. decrease from its current level.

3. Based on Observation 2, Country C is most likely to have:

A. relatively low real asset returns.

B. a relatively low real interest rate.

C. a relatively high real interest rate.

4. Based on Exhibit B, the least likely reason for the current pace of GDP growth in Country D is:

A. a persistently strong currency.

B. strong manufacturing exports.

C. strong natural resource exports.

5. The type of convergence described by O’Leary in Statement 1 is best described as:

A. club convergence.

B. absolute convergence.

C. conditional convergence.

6. Which of the following growth models is most consistent with O’Leary’s Statement 2?

A. Classical

B. Endogenous

C. Neoclassical

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consider what additional scorecard metrics you might want to include based on the suggestions below Explain why.

Metrics are used to drive improvements and help businesses focus their people and resources on what’s important (Forrest, n.d.). For any new product, the company needs to have suppliers to provide the supplies that are used. The materials need to have high quality, reliability, and consistency for the products to be great. There are several measurements that I will use for my milestones and capstones. The first measurement is the responsiveness of the supplier. When the company orders parts from the supplier, I would like to know if the supplier is responding quickly. Without the responsiveness of the suppliers, we would not know if the project will be finished on time or early. Secondly, I would use the percentage of returned parts. This is important to know because getting bad parts can delay the new product or service from getting into the market. This also causes more cost to ship the parts back and to ship the parts to back to the company. Lastly, I would have a metric for on-time shipping. If we are selling this new product, knowing if the parts are on time or not will determine how much supply we have. Customers will look at other companies if the product is not available there. These metrics will help improve the processes, quality, and supply so that customers will be satisfied and continue to do business with the company.

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