Describe a business problem your university has that you would like to see solved. How can information technology help solve it?
Some likely answers are the following: It takes too long to register each semester (put registration on the Web); information about open seats in course sections is out of date (use real-time updating in the course enrollment database); information about required texts is only at the bookstore (add required text information to the Web so students can purchase texts anywhere); too many parking spaces are sold for student parking lots (develop a DSS/KBS to forecast parking demand and balance the number of permits sold), and so on.
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Which of the following is not an ordering cost?
a. cost of receiving inventory b. cost of preparing the order c. cost of processing payment for inventory ordered d. cost of storing the inventory
Nonprofit organizations have a competitive advantage over for-profit organizations securing government contracts because ______.
A. government officials trust nonprofits more than for-profits B. public officials perceive for-profit organizations provide poorer services C. government officials no longer perceive for-profit organizations as creditworthy D. nonprofits are distancing themselves from relationships with for-profit organizations
The process of initially recording a business transaction is called
A) trial balancing B) posting C) journalizing D) balancing
Which of the following statements is true regarding callable bonds?
a. A company might call its bonds if interest rates have dropped. b. Callable bonds give the purchaser the right to buy back and retire the bonds at a specified price, usually above the face value, before maturity. c. If bond interest rates rise, a company can call its bonds and reissue debt at a lower interest rate. d. All of these are true.