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3 years ago

4.7 Discuss the role that computers play in modern society.

Business

1 answer:

Mashcka [7]3 years ago

6 0

Answer:

Computer roles in education in modern society

Storage of information.

Quick data processing.

Audio-visual aids in teaching.

Better presentation of information.

Access to the Internet.

Quick communication between students, teachers and parents.

Explanation:

Computers make people's lives easier and more comfortable:

they provide opportunities for staying in touch to billions of people who are in different parts of the world.

People can drive computerized cars and work for employers from other countries without even seeing them.

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If an economy is producing at a point on its production possibilities frontier, it is: a.efficient in production and allocation.

irinina [24]

Answer:

d.efficient in production but not necessarily in allocation.

Explanation:

The production possibility curve portrays the cost of society's choice between two different goods. An economy that operates at the frontier has the highest standard of living it can achieve, as it is producing as much as it can using the same resources. If the amount produced is inside the curve, then all of the resources are not being used.

- all points on the curve are points of maximum productive efficiency

- However, an economy may achieve productive efficiency without necessarily being allocatively efficient. Market failure (such as imperfect competition or externalities) and some institutions of social decision-making (such as government and tradition) may lead to the wrong combination of goods being produced (hence the wrong mix of resources being allocated between producing the two goods) compared to what consumers would prefer, given what is feasible on the PPF.

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3 years ago

Discuss reasons why a business needs funding ?

castortr0y [4]

Answer:

Firms need finance to:

start up a business, eg pay for premises, new equipment and advertising.

run the business, eg having enough cash to pay staff wages and suppliers on time.

expand the business, eg having funds to pay for a new branch in a different city or country.

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2 years ago

Which of the following bonds would have the lowest interest rate? All of the bonds have 10 years to maturity

Rashid [163]

Answer:

C. Mortgage bond rated AAA is the correct answer.

Explanation:

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3 years ago

Suppose that Tony Hsieh noticed that Zappos’s customers were no longer willing to pay full retail prices on shoes.

umka2103 [35]

Answer:

b. Share the customer research with employees, showing them why change is needed.

c. Tell employees that they have the power to change any work process, so long as their changes make the overall organizations more efficient.

d. Tell stories about the importance of efficiency and the things he has done to more efficient at work himself.

Explanation:

The Tony Hsieh has noticed that the customers of Zappos's are not willing to pay full retail price. In order to make company's culture more efficient the Tony should introduce a culture of telling stories about the efficiency at work and its benefits. The customer research should be shared with employees to analyze them that efficiency is needed. Make overall efforts in the organization to improve efficiency of work process.

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3 years ago

Present values Suppose going to college costs 20,000 a year. The average earnings of a highschool graduate are 20,000 a year. By

o-na [289]

Answer:

Annual benefit from college education (Increase in earnings) = $50,000 - $20,000 = $30,000

Assuming 4 years of college study period

The net present value of a college education if the interest rate is 10% is as follows:

Net present value = PV of benefits - PV of costs

Net present value = Annual benefit*P/A(10%,4) - Annual costs of attending college*P/A(10%,4)

Net present value = 30,000 * P/A(10%,4) - 20,000 * P/A(10%,4)

Net present value = (30,000 - 20,000) * P/A(10%,4)

Net present value = 10,000 * P/A(10%,4)

Net present value = 10,000 * 3.1699

Net present value = $31,699

How does this change if the interest rate is 15%?

Net present value = 30,000 * P/A(15%,4) - 20,000 * P/A(15%,4)

Net present value = (30,000 - 20,000) * P/A(15%,4)

Net present value = 10,000 * 2.855

Net present value = $28,550

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3 years ago