Interpreting Quantitative Data Your company has surveyed employees to determine their interest in learning about financial planning. Based on the responses, the company will develop training for employees who are interested. The table shows the total
employee responses, using the raw data and percentages. The results of this survey will be reported to the director of Human Resources and used to develop a financial planning training seminar for employees. Personal Development Need Number Percentage Retirement Annuity 128 32 Traditional and Roth IRA 104 26 Mutual Funds 80 20 Internet Stock Trading 52 13 Effective Charitable Giving 36 9 Totals 400 100 Required: Write an analysis of this data that explains the results of the survey. This analysis will appear in the written report to the director of Human Resources.
Employees were surveyed to determine their personal needs for financial planning. Respondents were asked to indicate their first choice of personal financial development interest from one of the following categories: retirement annuities, traditional and Roth IRA; mutual funds, Internet stock trading, and charitable giving. Returned surveys totaled 400 . More than half of those who responded indicated an interest in learning about retirement annuities and traditional and Roth IRA's. Employees ranked interest in learning about mutual funds third out of the five choices. Respondents showed little interest in learning and Internet stock trading (13 percent) and even less interest in learning about charitable giving (9 percent)
The results of this survey indicate that of the total number of employees surveyed, 400 have a personal development need for learning about financial planning. For these employees, financial training should focus on retirement annuities and IRA's. The training should also include information on mutual funds, but only a few employees are interested in information on Internet stock trading and charitable giving.
You might also like to view...
Managerial accounting activity comprises a set of tools, systems and perspectives that add value to an organization by supporting five major objectives. Which one of these is not a supporting objective?
A. Motivate managers and other employees toward the organization's goals. B. Assess an organization's competitive position and long-term managerial efforts . C. Focus on activities that occur at the top level of the organization. D. Provide information for decision making and planning. E. Assist managers in directing and controlling operational activities.
In a simple linear regression problem, if the standard error of estimate = 15 and n = 8, then the sum of squares for error, SSE, is 1,350
a. True b. False Indicate whether the statement is true or false
The ability to generate future revenues and meet long-term obligations is referred to as:
A) Liquidity and efficiency. B) Solvency. C) Profitability. D) Market prospects. E) Creditworthiness.
Sarine is most likely making decisions to continue with these dolls at this point because of:
Sarine's Dolls With funding from her family, Sarine is currently developing a new line of dolls for her business which she hopes will take her company to the next level. At first, she encountered some minor problems with the construction of the dolls and spent a fair amount of money engineering a way to enable them to be like she envisioned. Unfortunately, she then found out that there was a patent protecting the way the dolls arms were connected, so she spent more money redesigning the dolls. After an unexpectedly uninterested response from the public in the dolls, she decided that they needed to be marketed differently in order to sell. So Sarine allocated more resources to marketing and had the packaging of the dolls redesigned and created new set of advertising materials. The cost of manufacturing these dolls has now exceeded four times the initial proposed cost, but she is determined to make it work. She is embarrassed by how this has gone, but continues to put on a brave front. A. Self-justification B. Self-enhancement C. A decline of commitment D. Prospect theory E. Closing costs