Explain the costs involved in data creation
What will be an ideal response?
Data is not free. There are costs for developing an information system, costs of operating and maintaining that system, and costs of time and salary for reading and processing the data the system produces. For data to be worth its cost, an appropriate relationship must exist between the cost of data and its value.
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The unborn young of stock animals are considered future goods
Indicate whether the statement is true or false
Which of the following is NOT an example of how an implied contract may become binding?
A. Telling employees their jobs are secure as long as they perform satisfactorily and are loyal to the organization B. Failing to create an employee handbook or conducting performance appraisals on a routine basis C. Stating in the employee handbook that employees will not be terminated without the right of defense or access to an appeal procedure D. Urging an employee to leave another organization by promising higher wages and benefits, then reneging on those promises after the person has been hired
__________ includes demotions, reductions in pay or other actions that affect an employee's status in a tangible manner
a. Accommodation b. Quid pro quo c. Notice of right to sue d. Adverse employment action
Whitton Corporation uses a discount rate of 16%. The company has an opportunity to buy a machine now for $18,000 that will yield cash inflows of $10,000 per year for each of the next three years. The machine would have no salvage value. The net present value of this machine is closest to (Ignore income taxes.):See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.
A. $12,000 B. $(9,980) C. $22,460 D. $4,460