Why Is Introduction to MIS the Most Important Class in the Business School?
What will be an ideal response?
Ans:
-Moore's Law: makes cost of data communications and data storage essentially zero
-Number of transistors per square inch on an integrated chip doubles every 18 months
-Speed of computer chip increases in proportion to density of transistors
-Price/performance ratio of computers falls dramatically
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Trent owns and manages a small electronics repair store. He determines the time required by his employees to complete each task assigned by him. When employees complete the repairs in less time, they receive an amount of pay equal to that time determined by him. In this scenario, Trent is using a
A. differential piecework plan. B. straight piecework plan. C. Scanlon plan. D. merit pay plan. E. standard hour plan.
When higher-priced competitors match lower prices of their competitors but have longer staying power because of deeper cash reserves, it leads to a(n) ________ trap
A) low-quality B) fragile-market-share C) price war D) escalator E) shallow-pockets
A business uses a credit to record:
A. A decrease in a common stock account. B. A decrease in an unearned revenue account. C. A decrease in a revenue account. D. An increase in an expense account. E. A decrease in an asset account.
Which of the following firms is best known for a crisis involving misbehavior and unethical business practices of its upper level executives?
A) WorldCom B) Exxon C) Firestone D) Compaq E) General Motors