You are about to graduate with an accounting degree and your goal is to get a job as an entry level accountant at a public accounting firm. You are a strong student from a nationally recognized accounting program. You will have no problem getting a job. You have the following criteria for your job search:
· Requirement 1: The accounting firm must have more than 50 employees (there are 2500 firms in the US that meet this criteria). All firms accept applications online.
· Requirement 2: The accounting firm must have a 401 K in which there is a dollar for dollar match up to 5% of the employee’s salary (not known from website).
· Requirement 3: The accounting firm must have pay for continuing education (not known from website).
· Requirement 4: Your minimum starting salary requirement is $75,000/year (not known from the website.
· Requirement 5: Relaxed atmosphere (you know this when you feel it; this is not a cookie cutter requirement but you want the best atmosphere possible)
Assume the following:
· You send resumes to 2500 firms.
· You receive offers to interview from 1000 firms.
· You start setting up interviews and subsequently you start interviewing.
Assume further the following would happen if you went through with all of these interviews:
· Interview 1 – no job offer
· Interview 2 - no job offer
· Interview 3 – Meets all job requirements except pay is $70,000
· Interview 4 – Meets all job requirements except number 5
· Interview 5 - Meets all job requirements except 1 but pay is $95,000
· Interview 6 – no job offer
· Interview 7 – no job offer
· Interview 8 –Meets all job requirements except 2
· Interview 9- Meets all job requirements except 2 and 5 but pay is $80,000
· Interview 10 – Meets all job requirements except pay is $70,000
· Interview 11-–Meets all job requirements except 2
· Interview 12 – no job offer
· Interview 13- –Meets all job requirements except 2
· Interview 14- Meets all job requirements except number 5
· Interview 15- Meets all job requirements except pay is $70,000
· Interview 16- Meets all job requirements except pay is $70,000
· Interview 17- Meets all job requirements except pay is $70,000
· Interview 18 – no job offer
· Interview 19- no job offer
· Interview 20 - no job offer
· Interview 21 – Meets all job requirements
· Interview 22- Meets all job requirements except number 5
· Interview 23 – Meets all job requirements
· Interview 24 - Meets all job requirements
· Interview 25 – Meets all job requirements plus pay is $85,000
· Interview 26 - Meets all job requirements except number 5
· Interview 27 -42- job offers from all firms, although 5 is met, each firm meets the requirement of 5 differently
· Interview 43 - Meets all job requirements except 1 but pay is $95,000
· Interview 44– no job offer
· Interview 45-–Meets all job requirements except 2
· Interview 46- Meets all job requirements and pay is $82,000
· Interview 47 - Meets all job requirements except 1 but pay is $95,000
· Interview 48 – 73- no job offer but each have a great atmosphere
· Interview 74 - Meets all job requirements except 1 but pay is $95,000
· Interview 75 – Meets all job requirements and pay is $90,000
· The above pattern repeats for interviews 76-1000
Part A: At which point do you accept a job? Which decision-making model did you use to reach this decision? Explain how this model applies to this situation. Explain why the other two models do not apply.
Part B: Base your answer to this question on the job you selected in Part A (Job Selected). After you sent your application to the Job Selected, news breaks that the Job Selected has pled guilty to a major financial crime and will be fined a significant amount of money. You are morally outraged by the behavior of the individuals at the Job Selected. Because of the negative publicity, the Job Selected offers a $10,000 bonus to you to entice you to accept the job offer. Do you accept the job offer at the Job Selected? Explain.
Requirements:
· Format - This assignment should not exceed 2 pages (double spaced, 12 point type, 1 inch margins, Times Roman Font) excluding any title page, references and appendices. I will stop reading and grading at the end of the second page. If you do not follow format requirements, I will reformat by changing the type, margins and the spacing. However, I will not make any other changes to ensure that the page requirement is met. For example, I will not remove extra spacing between paragraphs. I will not make any attempt to calculate how much space footnotes are utilizing. In addition, you with lose 4 points if you fail to follow the formatting instructions. No Exceptions!
· Headings – Use them.
· Submission - The case should be submitted through Canvas. I will not accept assignments in class (the assignment would be late and I do not accept late assignments). I will not accept the assignment through email. The assignment is due December 4, 2018 by 5:55 p.m. (note that this means if you submit your paper 1 second after 5:55p.m., it is late). Late assignments will not be accepted. No Exceptions!
· Grade - Your grade will be based not only on your (1) ability to answer the questions, (2) your written communication skills, and (3) your ability to follow instructions.
· No Collaboration - This is an individual assignment. ANY Collaboration will be considered a Violation of the Code of Conduct and will lead to an “E” in the class.