Answer the following statements true (T) or false (F)
1. Combining POS and CRM systems can act as a strong support for strategic decision making within service and hospitality organizations.
2. Decision support systems (DSS) are able to help employees make better decisions, but do not replace the decision maker altogether.
3. Artificial Intelligence is a relatively new and innovative technology, but is not something that can be utilized within service and hospitality organizations.
4. Synthesizing large amounts of data to search for useful information through data analytics is often cheap or free with services offered today.
1. True
2. False
3. False
4. False
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How should a country respond when foreign investors withdraw investments from that country?
What will be an ideal response?
Suppose the economy is thought to be 2 percent below potential (i.e., the output gap is ?2 percent), when potential output grows 4 percent per year. Suppose the Fed is following the Taylor rule, with an inflation rate of 3 percent over the past year. The federal funds rate is currently 3 percent. The equilibrium real fed funds rate is 3 percent and the weights on the output gap and inflation gap are 0.5 each. The inflation target is 1 percent.
a.Is the fed funds rate currently too high or too low? By how much? Show your work. b.Suppose that all the conditions are the same as described above, except that the output gap is +2 percent instead of ?2 percent. Is the fed funds rate currently too high or too low? By how much? Show your work. c.Suppose a year has gone by, output is now 3 percent above potential, and the inflation rate was 4.5 percent over the year. What federal funds rate should the Fed now set (assuming the inflation target does not change)? Show your work. What will be an ideal response?
Users access the database
a. by direct query b. by developing operating software c. by constantly interacting with systems programmers d. all of the above
Narrative ______ should be your general organizational goal for a presentation if you want to connect and engage with your audience.
a. coherence and fidelity b. balance and coherence c. drama and fidelity d. history and culture