Chapter 1.4, Problem I.9E

66) Mary has just graduated from university with a degree in operations research. Based on her education, Mary would be a good fit with a firm that sees information systems in primarily a ________ approach. A) technical B) behavioural C) sociotechnical D) liberal arts 67) Mario has just graduated from university with a degree in economics. Based on his education, Mario would be a good fit with a firm that sees information systems in primarily a ________ approach. A) technical B) behavioural C) sociotechnical D) liberal arts 68) Robert has just graduated from university with a dual degree in economics and computer science. Based on his education, Robert would be a good fit with a firm that sees information systems in primarily a ________ approach. A) technical B) behavioural C) sociotechnical D) liberal arts 69) In the past decade, Canada lost many manufacturing jobs to offshore, low-wage producers. But manufacturing is ________ part of Canadian…

COVID 19 has adversely affected many economic activities in most countries in 2020. Although many economies recovered in the past few months, there is still a great risk facing many firms. There are problems facing investors wanting to start a new business. The following are questions on the relevant information needed to start a new business venture in the UAE. Identify five economic areas that have demonstrated good performance in the UAE during 2020 despite the effects of COVID 19. Starting a business in these sectors will be more likely successful. Suppose you have initially selected a specific area to start a new line of business from one of the five areas above. There is some relevant information available about similar businesses that are currently operating in the market. What information do you look for to evaluate the feasibility of the new business judging?

Due to inflation in Australia in December 2019, the price for petrol increased from AUD 1.35 to AUD 1.45. This caused petrol consumption to decrease from 2500 litres to 2450 litres at a 7-Eleven Petrol Station in Sydney. Also, when the price for Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle) increased from AUD 950.00 to AUD 990.00; demand for these air conditioners fell from 2500 units to 2000 units. Following this condition, answer the questions below. i. Using the mid-point formula calculate the price elasticity of demand for petrol and Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle).ii. Is the price elasticity of demand: elastic, unit elastic or inelastic for eachcommodity (petrol and Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle)?  iii. Suppose the government decides to increase tax for petrol and Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle). Use two diagrams to explain the incidence of the tax…

Statement 1: When evaluated in economic terms, a market with many customers with poor living standards will have a relatively big market. Statement 2: When evaluated in economic terms, a market having many customers with poor living standards will have a tiny market.Statement 3: A market with a significant number of consumers who have low living standards may indicate that their purchasing power is constrained.Statement 4: A market with a huge number of low-income consumers might indicate limitless purchasing power.Which of the following is true? Statements 2 and 3 are both true Statements 2 and 3 are both false Statements 1 and 4 are both false Only statement a is true Both options a and c are true what is the best answer?