What is the difference between a requirement and a business rule? Give Examples
What will be an ideal response?
A requirement is something the database must do to meet its business purpose. For instance, a retail sale database must track the date and time of every sale, the items sold and the prices charged. A business rule is a rule about how data is acquired and processed. An example could be that a customer is required to give their information before a sale can be completed or perhaps, that a customer is encouraged to give their information before a sale, but that the sale can proceed even if they don't wish to.
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Professor Patty is very distraught that three students in her class cannot afford to buy the 42-chapter book for the course. The book is used for two semesters, although not all students take the second semester. She finally tells the three students that she will make copies of the first 21 chapters for them, at no charge. Professor Patty makes the copies and gives each chapter to the students prior to her coverage of the relevant chapter in class. If Professor Patty is sued for copyright infringement
A. she loses because by making and distributing the chapters, she is diminishing the value of the book on the national market. B. she wins because the fair use doctrine permits use of the work for educational purposes. C. she wins because she is not copying the entire book but only 21 chapters of it and is not making a profit. D. she loses because she is copying whole sections and a significant portion of the book.
Sundial Company manufactures and sells watches for $42 each. Tick-Tock Company has offered Sundial $30 per watch for a one-time order of 5900 watches. The total manufacturing cost per watch is $28 per unit and consists of variable costs of $20 per watch and fixed overhead costs of $8 per watch. Assume that Sundial has excess capacity and that the special pricing order would not adversely affect regular sales. What is the change in operating income that would result from accepting the special sales order?
A) increase of $59,000 B) decrease of $59,000 C) increase of $177,000 D) decrease of $177,000
What is the primary management challenge when implementing revenue management?
What will be an ideal response?
[The following information applies to the questions displayed below.] The inventory records for Radford Co. reflected the following:Beginning inventory @ May 1100 units @ $4.00First purchase @ May 7300 units @ $4.40Second purchase @ May 17500 units @ $4.60Third purchase @ May 23100 units @ $4.80Sales @ May 31900 units @ $7.80What is the amount of ending inventory assuming the FIFO cost flow method?
A. $480 B. $940 C. $440 D. $400