Explain the functions of the development group of a firm's information systems (IS)department
What will be an ideal response?
The development group of a firm's information systems (IS) department manages the
process of creating new information systems as well as maintaining existing information
systems. The size and structure of the development group depends on whether programs are
developed in-house. If not, this department will be staffed primarily by business and systems
analysts who work with users, operations, and vendors to acquire and install licensed software
and to set up the system components around that software. If the organization develops programs
in-house, then this department will also include programmers, test engineers, technical writers,
and other development personnel.
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Which of the following contracts would be void due to fraudulent misrepresentation?
A) Mikhail wants Ivana to sign a contract for the sale of her apartment. He tells her that if she does not sign the contract, he will harm her son. B) Janet owns a pair of zircon earrings. She sells them claiming they are diamonds and receives a much higher price for them. C) Carla unknowingly sells a painting to a collector thinking it's genuine. However, the collector finds out that it actually is an imitation. D) Gary has been the McGill family attorney for decades. When he needs investors for his business, he convinces Mr. McGill to invest in the new business.
M agreed to buy G's house for $200,000. The closing was to be held on April 5. G did not have all items removed from the home until April 9. M had to spend $500 on hotel expenses because of G's breach
The contract had listed that hotel expenses in the event this occurred would be limited to $400. This agreement of capping the hotel expenses at $400 is an example of: A) consequential damages. B) liquidated damages. C) compensatory damages. D) mitigated damages.