This week we'll further explore the following two importantareas for analysis: what to measure...

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Accounting

This week we'll further explore the following two importantareas for analysis: what to measure and how to measure. What willyour AIE term project be? There are lots of great topics that youcan choose from:
1) A cost-saving project (for example, remote access formeetings versus driving to work, implementation of newtechnologies, etc.)
2) A process improvement at home or at work (key outcomevariables might include costs, capacity utilization, throughput,time (remember, time is money, and if you can save time, you cansave money)
3) Profits (e.g., via Simulation)
4) Net present value
5) Customer retention (Note: If you create a survey, remember,every question is a variable that you can use in regression. Makesure that you can code responses numerically - so, don't askopen-ended questions. Also, you can use variables in contingencytables or regression models, so variables can be "dependent"variables or "independent" variables. Finally, if you do a survey,keep it short - say 10 questions or so. Make sure that you get atleast 10 to 50 responses, and don't forget what Hubbard says aboutthe power of small samples.)
6) Employee retention
7) Customer satisfaction
8) Employee satisfaction
9) Forecasting
10) Firm and/or project valuation

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4.1 Ratings (599 Votes)

Employee Rentention Employee retention refers to the ability of organisation to retain their employees Higher the employee retention percentage indicates positively for organisation For example retention rate is 80 this See Answer

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Transcribed Image Text

In: AccountingThis week we'll further explore the following two importantareas for analysis: what to measure and...This week we'll further explore the following two importantareas for analysis: what to measure and how to measure. What willyour AIE term project be? There are lots of great topics that youcan choose from:1) A cost-saving project (for example, remote access formeetings versus driving to work, implementation of newtechnologies, etc.)2) A process improvement at home or at work (key outcomevariables might include costs, capacity utilization, throughput,time (remember, time is money, and if you can save time, you cansave money)3) Profits (e.g., via Simulation)4) Net present value5) Customer retention (Note: If you create a survey, remember,every question is a variable that you can use in regression. Makesure that you can code responses numerically - so, don't askopen-ended questions. Also, you can use variables in contingencytables or regression models, so variables can be "dependent"variables or "independent" variables. Finally, if you do a survey,keep it short - say 10 questions or so. Make sure that you get atleast 10 to 50 responses, and don't forget what Hubbard says aboutthe power of small samples.)6) Employee retention7) Customer satisfaction8) Employee satisfaction9) Forecasting10) Firm and/or project valuation