Ronaldo Woods is a student getting his degree in business administration. He does not like his accounting class very much, and doesn't understand why he needs to study accounting — stating "I'm never going to be an accountant — why do I need to know this?" Explain to Ronaldo why it is important for business students to learn about accounting and give examples
What will be an ideal response?
Answer: Answers will vary — should include discussion on accountability and transparency. Other points could be the need to talk intelligently with their accountant, to know which gauges to watch (and be able to understand their meaning and consequence), and be able to identify economic events that could impact the company. (If open book exam, they could reference the interview with Paul Pacter from Section 2.2.)
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A project represented by the activities shown in this table must meet a deadline of 51 days. Sketch the network and determine the critical path
Using the crash costs and minimum activity lengths shown in the table, determine which activities to shorten and provide the total cost of finishing this project in 51 days. Activity Predecessor Normal Duration (days) Crash Duration (days) Crash Cost ($/day) A -- 14 12 485 B A 5 4 775 C B, D 7 6 460 D A 16 12 670 E D 18 13 50 F C, E, G 19 14 265 G A 18 16 400 What will be an ideal response?
The function of which of the following components of an information system is to oversee if every data transaction made by an employee is logged in the information system?
A) strategy B) technology C) process D) data