You are an analyst for a firm that imports and distributes specialty oils and vinegars and your company wants you to evaluate their options for taking advantage of cutting edge business analytics. What are their choices? What will you recommend?
What will be an ideal response?
There are two strategies for adopting BI and BA capabilities:
1. an integrated solution or
2. using multiple best-of-breed vendor software solutions.
The hardware firms want to sell you integrated hardware/software solutions that run on their hardware (the totally integrated solution). Software firms will want to sell you "best of breed" software that runs on any machine they want. In this strategy, you adopt the best database and data warehouse solution, and select the best business intelligence and analytics package from whatever vendor you believe is best. Student recommendations will vary: The first solution carries the risk that a single vendor provides your firm's total hardware and software solution, making your firm dependent on its pricing power, but it offers the advantage of dealing with a single vendor who can deliver on a global scale. The second solution offers greater flexibility and independence, but with the risk of potential difficulties integrating the software to the hardware platform, as well as to other software.
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What effect does "recognizing an accrued liability for utilities at the end of the accounting period" have on the accounting equation?
a. Assets decrease and stockholders' equity decreases. b. Liabilities increase and stockholders' equity increases. c. Assets decrease and liabilities decrease. d. Liabilities increase and stockholders' equity decreases.
Which of the following would not require the use of cost behavior analysis?
a. Transferring production costs from one department to another b. Projecting anticipated costs of a new project c. Buying an existing business d. Changing an existing product or service
A total quality system should place an emphasis on prevention and continuous improvement
Indicate whether the statement is true or false
Which of the following statements is the best example of a minor-points close?
A. "So you really like the fabric color and texture as well as the shape and size of that sofa?" B. "I'll have that new mattress delivered to your house on Wednesday." C. "If you don't buy this chair today, you may never be able to buy it. I have another customer who is planning on buying it tomorrow if it is still in stock." D. "Your appreciation of that lamp just confirms my opinion of your impeccable tastes." E. "Do you want those pillows in maroon or ebony?"