Question 1 1 out of 1 points According to the graph below, if a country is currently producing at point X, the opportunity cost of producing another consumer good is Selected Answer: 20 capital goods Answers: 20 capital goods More than 20 capital goods Fewer than 20 capital goods 20 consumer goods Fewer than 20 consumer goods Question 2 1 out of 1 points The basic economic problem of all countries is the existence of Selected Answer: Limited resources and unlimited wants Answers: Tax increases and budget deficits Limited resources and unlimited wants Unemployment and inflation Government and private industry Unions and monopoly firms …show more content…
Which of the following is true if Alexis can type faster than Frank? Selected Answer: Alexis has comparative advantage in being a lawyer but not in typing Answers: Alexis has absolute advantage in being a lawyer, but comparative advantage in typing Alexis has comparative advantage in being a lawyer but not in typing Alexis has an absolute and a comparative advantage in both activities. Frank has an absolute advantage and a comparative advantage in both activities Frank has an absolute and a comparative advantage in typing but not in being a lawyer Question 10 1 out of 1 points The table below shows the number for hours necessary for Art to individually install a computer or to paint a garage, and for Bruce to individually install a computer or to paint a garage. Art Bruce Install computer 2 hours
Every organization must have different types of information that they are effective in their work fields. And the main types of information that are needed in the organization are according to Lucey, T. (1991) Management Information Systems, DP Publications, London and to Miller, K.A. (2004) Surviving Information Overload, Grand Rapids, MI, Zondervan.
Materials Requirement Planning (MRP) is one of the integral production control techniques used in Enterprise resource planning(ERP). It calculates the net requirements for materials based on its dependence on other materials and develop procurement proposals which are often in the form of purchase requisitions and planned orders. The MRP creates planned orders for all finished and semi-finished products and aims to make sure that the company has sufficient availability of material to meet its requirements. In ERP, the Master Data is a key factor in the successful implementation of the production process. It sorts and stores data automatically, based on their functions and distinctive characteristics. The Material Master Data
Kudler Fine Foods is a gourmet food company operating in La Jolla, Encinitas, and Del Mar California. The owner has plans to extend its services to additional markets. The Kudler Company offers the highest quality products to its customers in gourmet foods and fine wines. In analyzing the strengths and weaknesses of Kudler’s computer system and technology use improvements are necessary. Furthermore, there is also a need for improved accounting practices. In order for the company to continue to thrive, consideration of growth opportunities will also be analyzed. In addition, the threats that
For example: Indonesia import some machine from China because China offer lower price rather than if Indonesia want to produce it in Indonesia. Because if Indonesia lack of raw materials and knowledge, but Indonesia is good at producing spices. So the opportunity costs of Indonesia is by allocating costs for producing machine to producing spices and sell it to China. And Indonesia also has comparative advantage of spices because the availability of resources that make the costs can be lower.
One-sided markets – a market that derives its value from a single type of user
The report aims to address the issue of information management within Lanway. Information, may feel is the most important resource any firm has, yet many firms have no appreciation of the cost, value or importance of the information they hold.
Often, we see technology with specific features that we find useful. But the features of one piece of technology don’t necessarily mesh with other technology we already have or want to use in the future. I’ve heard a lot of builders say that they are looking for an “integrated system”. Unfortunately (and despite what many vendors may claim) a truly integrated system that provides the broad, rich functionality a production builder needs has not yet been developed for our industry. So at least for the time being, it will continue to be necessary to piece together the
I have been made aware that the business is looking to invest in a new information system for the handling of stock and other management activities. I would like to bring to your attention the fact that I am concerned about this new decision that management has made to implement this new system without through consultation with other managers and staff. I would like to stress that extreme caution should be made whilst considering to implement this new IS after the four million pound loss that was made during the implementation of the old IS few years back which led to the demise of the once very profitable craven comics. I would like
Bangladesh’s software and IT service industry has gone through big changes in the last couple of decades. The industry has matured. The IT sector no longer remains at the sidelined industry. It has become a mainstream industry. The industry is currently contributing a significant amount in the national income. Also IT sector has been playing very essential role for creating high quality employment for large amounts of young graduates of Bangladesh. There is a high number of young entrepreneurs in the IT sector. It is one of the distinguishing feature of the IT industry. In last decade lots of new IT ventures have been started. The entrepreneurs were mainly tech savvy young graduates. Some of them returned from abroad after finishing
Since the rapid growth of the cloud computing, data collection and information sharing are led to a higher level and are replacing the traditional computation. Several technologies using cloud in all areas are developing to adapt the revolution of information technology and one of them is cloud gaming.
The purpose of this report is to provide the best recovery alternatives for a company to safe-guard accounting information systems in case of natural disaster. As the company’s region is situated in a Natural disaster high-risk area, the loss of sensitive information for the company can and must be prevented.
This paper is a study of the current analytical status of the Registrar’s Office and prescriptions for its improvement. All numeric data on Gordon College is found in the 2016-2017 Common Data Set. This document does not include information on the Registrar’s Office, but my experience as an employee will supplement any information not contained in the data set or on the College Website.
Oxford Dictionary: “An information system which allows the user to analyse, display, and manipulate spatial data, such as from surveying and remote sensing, typically in the production of maps; abbreviated GIS.”
Suppose that the two goods that the country AMP produces Apples and Mobile phones. If the production possibility frontiers (PPF) were a straight line, the additional of the unit of mobile phones required to forgone the unit of apples. For example, to move to point A to point B (in order to produce 200 mobiles phones) 50 apples must be forgone. To move point b to point c (to gain another 200 mobile phones), 125 apples must be forgone.
Information Technology is a crucial part for any business. It plays a critical role in realizing goals and objectives of an entity. For UMUC haircuts the IT will help in being more competitive in the market. Customer satisfaction will be high since they will get the best service that adds value to the final product. Once implemented IT will help the business will also enjoy high levels of customer attraction and awareness which enables management to reach the target market (Murimi, 2015). That is a move which can raise the branding levels of the business and acts as a barrier to new entrants. Increased profitability makes the business to attain high levels of financial stability and can acquire other players in the industry or invest in a successful products or projects in the market.