Jim says, “I think it’s a little like when you have a cold or the flu. You don’t need to see a doctor. In time your body heals itself. That’s sort of the way the economy works too. We don’t really need government coming to our rescue every time the economy gets a cold.” According to Jim, how does the economy work?
> After the core of an ERP system has been implemented, any of the modules may then be implemented separately. What is the implication of being able to implement an ERP system on a piece-by-piece basis?
> In the following first list are 10 examples of the items described in the second list. Match the two lists by placing the capital letter from the first list on the blank line preceding the description to which it best relates. You should have two letters
> Following is a list of eight generic control goals from the chapter, followed by eight descriptions of either process failures (i.e., control goals not met) or instances of successful control plans (i.e., plans that helped to achieve control goals). List
> Conduct research to determine management’s responsibility for establishing and maintaining an adequate system of internal control. Create a written report, in a manner prescribed by your instructor, describing applicable statutory and professional guidan
> Match the concept in List 1 with the definition or description in List 2. There is only one correct or best answer for each match. Therefore, you should have two letters left over from List 1. List 1—Concepts A. Application (i.e., automated) control B. C
> The following E-R diagram (Figure 6.19) Figure 6.19: Represents students registering for classes for a single semester. Assume that the Registration table can hold a complete history of each individual student’s registration events.
> Using the REA model in Figure 6.18 (pg. 222) Figure 6.18: And your answers to Discussion Questions 6-2, 6-3, and 6-4, create a database for HIS in the software package of your choice. This will require that you do the following: a. Create tables for
> This problem is a continuation of Problem 6-3 but requires use of a spreadsheet package that is capable of reading data from your database package (e.g., Excel can import data from an Access database). a. Using your spreadsheet package, construct SQL que
> Note: This problem is a continuation of Problem 6-3 but requires access to the Internet, a site for posting the database on the Web, and an understanding of Internet access. a. Take the database developed in Problem 6-3 and place it on the Internet (or y
> Using the information from Figure 6.12 (pg. 212) and Figure 6.13 create the database in the software package of your choice. This will require three steps: Implement the relations from Figure 6.13. Insert the data from Figure 6.13 into the relational tab
> Human Resources department needs the work time, vacation time, and sick time for Greg Kinman (see the EMPLOYEE table in Figure 6.13). What SQL command(s) would you use to extract this information from the tables in Figure 6.13?
> To be of any value, a modern information process must assist all levels of management.” Discuss.
> What SQL command(s) would you use to add the date on which an employee was hired to the EMPLOYEE table represented in Figure 6.13 (pg. 213)? Name this new attribute Employment_Date. Assume that the employees were hired on the following dates, using a yea
> Transform the database structure that appears in Figure 5.15 into 3NF. Be sure to show your intermediate steps of 1NF and 2NF.
> This problem asks you to research the literature for applications of intelligent systems. Your instructor will guide you regarding the number of pages required for each part. a. Develop a paper that outlines the use of ES in accounting and tax applicatio
> Review the E-R diagram in Figure 5.14 (pg. 189) and: a. List the resources, events, and agents that are represented as entities in this diagram. b. Write a description for each of the six relationships in the diagram. In your description, include the car
> A local accounting firm that is growing rapidly has asked for your help. The firm has four partners who are primarily responsible for developing new business. In addition to developing new business, the partners are very busy with their management tasks,
> Use the database structure and sample data in Figure 5.10 to: a. Combine the tables to obtain a complete record of orders and shipments. Obtain a printout of the algorithm(s) used to combine the tables and a printout of the list of these records. b. Writ
> Using the database structure and sample data in Figure 5.10 (pg. 169) as a starting point (rather than Figure 5.2), complete the requirements of Problems 5-1 through 5-3 (or whatever portions of those problems your instructor may indicate).
> Note: This problem is a continuation of Problem 5-1. a. Write a “program” to enter customer order amounts into the database and to have the system either warn the user if the new order places the customer over his or her credit limit or advise the user i
> a. “Search” the database for all customers with a specific state (choose a state that is common to at least two but not to all of your customers). Obtain a printout of your search algorithm and a list of customers whose records met the search parameter.
> Using a spreadsheet (e.g., Excel), design a decision aid to help you complete the following task. You are looking for a new apartment and decided to go through a realtor instead of shopping for the apartment through advertisements. Avbel Realty provided
> Describe two structured decisions and two unstructured decisions. Discuss the relative amount of structure in each decision.
> Use the Internet to research knowledge management systems. Specifically, (1) find one example of a knowledge management system, (2) identify the provider or vendor, (3) provide the Web site URL, and (4) list the features of the system found that help an
> Technology Summary 5.2 (pp. 159–160) uses examples of employee ID codes to illustrate five data coding types. Refer to those examples. Create student ID codes that illustrate each of the five coding schemes. Discuss the strengths and weaknesses of each e
> Use the Internet to research the database integration features of an ERP software package and a CRM software package. The number of pages will be indicated by your instructor. a. Learn about the ERP products of SAP and the CRM products of Oracle’s Siebel
> Figure 5.16 (pg. 191) is a sample from a spreadsheet used to record donors for a small college. You have been asked to design and implement a database to allow easy inputting, updating, and reporting of contribution data. Figure 5.16: a. Transform the
> Before starting this problem, you should consult the customer master data record layout in Figure 5.2 (pg. 148). Figure 5.2: Using the database software indicated by your instructor: a. Create the “structure” for th
> The chapter describes how a batch processing system works with a used book shop as an example. Looking at Figure 3.2 and its description of how the system works, identify another type of business that might use a similar batch processing system, and desc
> Use the Internet to locate www.cia.gov and www.Amazon.com. Find the privacy and security policies for each. Compare and contrast the use of privacy statements, encryption, SSL, and cookie policies.
> Using the Internet, find and describe an Internet market exchange or Internet auction market. Your discussion should include the products and services available and the type of buyers and sellers you expect to participate. If you choose a private market,
> Explain how EDMhas been (or could be) used in your AIS class to eliminate all paper flow between the students and professor. Include in your explanation what technologies were (would be) necessary to enable your plan. (Your professor will direct you rega
> Develop a research paper on the use of the Internet to support EDI between companies. Your paper should consider how companies set up communications over the Internet to maintain the same security and standardization that are achieved using VANs for non-
> Comparing relevance and reliability, which information quality is most important? Support your answer with examples.
> Identify a business venture that you believe could be successful using only Internet commerce. Explain how you would design your Web page, how you would capture business event data, and the mode of processing you would use. Provide a report detailing sup
> Consider a business you might want to start on the Internet using e-mail to communicate with customers and capture business data. Explain why e-mail would be a good approach for your business. Draft a brief business plan evaluating the advantages and dis
> Technology Summary 3.4 briefly describes cloud computing. Write a report on the opportunities and concerns relating to a company using the cloud for mission critical software applications. (Your professor will direct you regarding the length of the repor
> Using the four methods of conducting E-business (e-mail, EDM, EDI, and Internet commerce), select a business of your choice and describe how each method is currently integrated into their business or how each method could be incorporated into their busin
> Find a merchandising business on the Internet (other than the Eddie Bauer or Amazon.com examples used in this chapter). Explore its Web page and how the order processing system works. a. Is there any information provided on how secure the Web page is? Wh
> There are several organizations that provide Internet assurance services. Although WebTrust was created by CPAs and has been in existence for several years, it has met limited acceptance by business. If Internet assurance is truly important, why do you t
> Imagine that you are conducting a field-based research project for your AIS class in a small local business. Assume that the business is a custom furniture manufacturer. In the course of your project, you tell the owner that you are using SAP in your AIS
> Choose a familiar Web site, such as Dell, Amazon.com, or Walmart. Describe the order-to-cash process from the customer’s perspective as illustrated by that site.
> Conduct research on the Web sites of either CIO Magazine or CFO Magazine (or another that your instructor suggests) for stories about ERP implementation successes and failures. Using specific examples, describe the reasons for the successes and failures.
> Choose (or you instructor may designate) an ERP add-on module (such as CRM, SCM, PLM, or SRM). Describe how Airgas (or another organization selected by your instructor) might use the module to support its business value chain.
> Regarding financial reporting, which quality of information do you think should be superior to all other qualities? Discuss your answer.
> I just want to be a good accountant, technology does not interest me.” Comment on this statement, considering today’s technology environment.
> How do you explain why investment falls as the interest rate rises?
> According to classical economists, does Say’s Law hold in a money economy? Explain your answer.
> Beginning in long-run equilibrium, explain what happens to the price level and Real GDP in the short run and in the long run as a result of; (a) A decline in AD, (b) A rise in AD, (c) A decline in SRAS, (d) A rise in SRAS.
> Yvonne is telling her friend Wendy that wages are rising but that so is the unemployment rate. She tells Wendy that she (Yvonne) may be the next person to be fired at her company and that she may have to move back in with her parents. What does the econo
> Suppose that the economy is self-regulating, that the price level is 110, that the quantity demanded of Real GDP is $4 trillion, that the quantity supplied of Real GDP in the short run is $4.9 trillion, and that the quantity supplied of Real GDP in the l
> Suppose that the economy is self-regulating, that the price level is 132, that the quantity demanded of Real GDP is $4 trillion, that the quantity supplied of Real GDP in the short run is $3.9 trillion, and that the quantity supplied of Real GDP in the l
> Explain the importance of the real balance, interest rate, and international trade effects to long-run (equilibrium) adjustment in the economy.
> If wage rates are not flexible, can the economy be self-regulating? Explain your answer.
> According to economists who believe in a self-regulating economy, what happens—step by step—when the economy is in a recessionary gap? What happens when the economy is in an inflationary gap?
> When speeding tickets were $100, usually 500 speeders on the roads each month in a given city; when ticket prices were raised to $250, usually 215 speeders were on the roads in the city each month. Can you find any economics in this observation?
> Explain how the economy can operate beyond its institutional PPF but not beyond its physical PPF.
> What is the classical economics position with respect to; (a) Wages, (b) Prices, and (c) Interest rates?
> Explain how expectations about future sales will affect investment.
> Explain how expectations about future prices and incomes will affect consumption.
> Explain what is likely to happen to U.S. export and import spending as a result of the dollar depreciating in value.
> Explain what happens to aggregate demand in each of the following cases: (a) The interest rate rises; (b) Wealth falls; (c) The dollar depreciates relative to foreign currencies; (d) Households expect lower prices in the future; (e) Business taxes r
> The amount of Real GDP (real output) that households are willing and able to buy may change if there is a change in either; (a) The price level, or (b) Some non-price factor, such as wealth, interest rates, and the like. Do you agree or disagree? Expla
> There is a difference between a change in the interest rate that is brought about by a change in the price level and a change in the interest rate that is brought about by a change in some factor other than the price level. The first will change the quan
> An economist is sitting in the Oval Office of the White House, across the desk from the president of the United States. The president asks, “How does the unemployment rate look for the next quarter?” The economist answers, “It’s not good. I don’t think R
> Explain each of the following: (a) Real balance effect (b) Interest rate effect (c) International trade effect.
> Suppose the demand curve for a good is downward-sloping and the supply curve is upward-sloping. Now suppose demand rises. Will producers’ surplus rise or fall? Explain your answer.
> What is the difference between short-run equilibrium and long-run equilibrium?
> Identify the details of each of the following explanations for an upward-sloping SRAS curve: (a) Sticky-wage explanation; (b) Worker-misperception explanation.
> In the short run, what is the impact on the price level and Real GDP of each of the following? (a) An increase in consumption brought about by a decrease in interest rates; (b) A decrease in exports brought about by an appreciation of the dollar; (c)
> A change in the price level affects which of the following? (a) The quantity demanded of Real GDP; (b) Aggregate demand; (c) Short-run aggregate supply; (d) The quantity supplied of Real GDP.
> What is the difference between a change in the quantity supplied of Real GDP and a change in short-run aggregate supply?
> Explain how each of the following can affect short-run aggregate supply: (a) An increase in wage rates; (b) A beneficial supply shock; (c) An increase in the productivity of labor; (d) A decrease in the price of a non-labor resource (such as oil).
> Will a direct increase in the price of U.S. goods relative to foreign goods lead to a change in the quantity demanded of Real GDP or to a change in aggregate demand? Will a change in the exchange rate that subsequently increases the price of U.S. goods r
> Can total spending be a greater dollar amount than the money supply? Explain your answer.
> Under what conditions can consumption rise without some other spending component declining?
> How will a change in the money supply affect aggregate demand?
> Identify what happens to equilibrium price and quantity in each of the following cases:
> Is aggregate demand a specific dollar amount? For example, is it correct to say that aggregate demand is $9 trillion this year?
> Define each of the following terms: (a) Contraction; (b) Business cycle; (c) Trough; (d) Disposable income; (e) Net domestic product.
> What is the difference between a recovery and an expansion?
> Economists prefer to compare Real GDP figures for different years instead of comparing GDP figures. Why?
> A business firm produces a good this year that it doesn’t sell. As a result, the good is added to the firm's inventory. How does this inventory good find its way into GDP?
> Why does GDP omit the sales of used goods? Of financial transactions? Of government transfer payments?
> The manuscript for this book was keyed by the author. Had he hired someone to do the keying, GDP would have been higher than it was. What other activities would increase GDP if they were done differently? What activities would decrease GDP if they were d
> Discuss the problems you see in comparing the GDPs of two countries, say, the United States and the People’s Republic of China.
> Which of the following are included in the calculation of this year’s GDP? (a) 12-year-old Johnny mowing his family’s lawn; (b) Dave Malone buying a used car; (c) Barbara Wilson buying a bond issued by General Motors; (d) Ed Ferguson’s receipt of a S
> In the first quarter of the year, Real GDP was $400 billion; in the second quarter it was $398 billion; in the third quarter it was $399 billion; and in the fourth quarter it was $395 billion. Has there been a recession? Explain your answer.
> Explain how the market moves to equilibrium in terms of shortages and surpluses and in terms of maximum buying prices and minimum selling prices.
> Does the expenditure approach to computing GDP measure U.S. spending on all goods, or U.S. spending on only U.S. goods, or U.S. and foreign spending on only U.S. goods? Explain your answer.
> “I just heard on the news that GDP is higher this year than it was last year. This means that we’re better off this year than last year.” Comment.
> Assume the market basket contains 10X, 20Y, and 45Z. The current-year prices for goods X, Y, and Z are $1, $4, and $6, respectively. The base-year prices are $1, $3, and $5, respectively. What is the CPI in the current year?
> Using Exhibit 2, compute the percentage change in prices between (a) 1966 and 1969, (b) 1976 and 1986, and (c) 1990 and 1999.
> Based on the following data, compute (a) The unemployment rate (b) The structural unemployment rate (c) The cyclical unemployment rate. The frictional unemployment = 2 percent, Natural unemployment rate = 5 percent, Civilian labor force = 100 milli
> Using the following data, compute; (a) The unemployment rate (b) The employment rate (c) The labor force participation rate. The civilian non-institutional population = 200 million number of employed persons = 126 million, and number of unemployed pers
> A house cost $10,000 in 1976. What is this equivalent to in 2001 dollars? (Use Exhibit 2 to find the CPI in the years mentioned.) Data from Exhibit 2: The CPI for 1976 = 56.9 The CPI for 2001 = 177.1
> Jim earned an annual salary of $15,000 in 1965. What is this equivalent to in 2005 dollars? (Use Exhibit 2 to find the CPI in the years mentioned.) Data from Exhibit 2: The CPI for 1965 = 31.5 The CPI for 2005 = 195.3
> Change the current year prices in Exhibit 1 to $1 for pens, $28 for shirts, and $32 for a pair of shoes. What is the CPI for the current year based on these prices?
> Suppose 100 million people are in the civilian labor force and 90 million people are employed. How many people are unemployed? What is the unemployment rate?
> Use the law of diminishing marginal utility to explain why demand curves slope downward.
