1. Which assets are most profitable?
2. What are capital adequacy rules?
3. What do capital markets provide?
1. Which would you prefer to use, an algorithm requiring N5 steps or one requiring 2N steps?
2. Does the “maze” graph in Chapter 29 have a Hamilton cycle?
3. Draw the tree corresponding to Figure 44.4 when you are looking for a Hamilton cycle on the sample graph starting at vertex B instead of vertex A.
1. Who designed the Sydney Opera House?
2. How many albums did the late slim Dusty record?
3. Who painted the Nebuchadnezzar series?
4. Who wrote “Cloudstreet”?
5. In what year did the Australian National Gallery open?
Handstar Inc.
Handstar Inc. was created a little over four years ago by two college roommates to
develop software applications for handheld computing devices. It has since grown to ten
employees with annual sales approaching $1.5 million. Handstar’s original product was
an expense report application that allowed users to record expenses on their handheld
computers and then import these expenses into a spreadsheet that then create an expense
report in one of five standard formats. Based on the success of its first product, Handstar
subsequently developed three additional software products: a program for tracking and
measuring the performance of investment portfolios- a calendar program, and a program
that allowed users to download their email messages from their PC and read them on
their handheld computers.
The two founders of Handstar have recently become concerned about the competitiveness
of their offerings, particularly since none of them has been updated after their initial
launch. Therefore, they asked the directors of product development and marketing to
work together and prepare a list of potential projects for updating Handstar’s current
offerings as well as to develop ideas for additional offerings. The directors were also
asked to estimate the development costs of the various projects, product revenues, and the
likelihood that Handstar could retain or obtain a leadership position for the given product.
Also, with the increasing popularity of the Internet, the founders asked the directors to
evaluate the extent to which the products made use of the Internet.
The product development and marketing directors identified three projects related to
updating Handstar’s existing products. The first project would integrate Handstar’s current
calendar program with its email program. Integrating these two applications into a single
program would provide a number of benefits to users such as allowing them to
automatically enter the dares of meetings into the calendar based on the content of an
email message. The directors estimated that this project would require 1250 hours of
software development time. Revenues in the first year of the product’s launch were
estimated to be $750,000. However, because the directors expected that a large
percentage of the users would likely upgrade to this new product soon after its
introduction, they projected that annual sales would decline by 10 percent annually in
subsequent years. The directors speculated that Handstar was moderately likely to obtain
a leadership position in email/calendar programs if this project were undertaken and felt
this program made moderate use of the Internet.
The second project related to updating the expense report program. The directors
estimated that this project would require 400 hours of development time. Sales were
estimated to be $250,000 in the first year and to increase 5 percent annually in subsequent
years. The directors speculated that completing this project would almost certainly
maintain Handstar’s leadership position in the expense report category, although it made
little use of the Internet.
The last product enhancement project required enhancing the existing portfolio tracking
program. This project would require 750 hours of development time and would generate
first-year sales of $500,000. Sales were projected to increase 5 percent annually in
subsequent years. The directors felt this project would have a high probability of
maintaining Handstar’s leadership position in this category and the product would make
moderate use of the Internet.
The directors also identified three opportunities for new products. One project was the
development of a spreadsheet program that could share files with spread-sheet programs
written for PCs. Developing this product would require 2500 hours of development time.
First-year sales were estimated to be $1,000,000 with an annual growth rate of 10
percent. While this product did not make use of the Internet, the directors felt that
Handstar had a moderate chance of obtaining a leadership position in this product
category.
The second new product opportunity identified was a Web browser. Developing this
product would require 1875 development hours. First-year sales were estimated to be
$2,500,000 with an annual growth rate of 15 percent. Although this application made
extensive use of the Internet, the directors felt that there was a very low probability that
Handstar could obtain a leadership position in this product category.
The final product opportunity identified was a trip planner program that would work in
conjunction with a PC connected to the Web and download travel instructions to the
user’s handheld computer. This product would require 6250 hours of development time.
First-year sales were projected to be $1,300,000 with an annual growth rate of 5 percent.
Like the Web browser program, the directors felt that there was a low probability that
Handstar could obtain a leadership position in this category, although the program would
make extensive use of the Internet.
In evaluating the projects, the founders believed it was reasonable to assume each product
had a three-year life. They also felt that a discount rate of 12 percent fairly reflected the
company’s cost of capital. An analysis of pay-roll records indicated that the cost of
software developers is $52 per hour including salary and fringe benefits. Currently there
are four software developers on staff, and each works 2500 hours per year.
1. Which projects would you recommend Handstar pursue based on the NPV approach?
2. Assume the founders weigh a project’s NPV twice as much as both obtaining/retaining
a leadership position and making use of the Internet. Use the weighted factor scoring
method to rank these projects. Which projects would you recommend Handstar
pursue?
3. In your opinion is hiring an additional software development engineer justified?
Attachments:
Handstar-Inc.pdf
1.Which of the following statements is TRUE regarding a statement of cash flows?
A. A statement of cash flows measures the profitability of a company using the cash basis of accounting.
B. Two different methods may be used to compute the net cash flows from operating, investing, and financing activities.
C. Noncash investing and financing activities need to be disclosed under “other activities.”
D. The statement of cash flows reports the changes in cash and cash equivalents.
2.Which of the following is a cash equivalent?
A. Accounts receivable
B. Certificates of deposit that mature in less than three months
C. Certificates of deposit that mature in one year or less
D. Prepaid expenses
3.Which of the following activities is an operating activity?
A. Payment on the principal portion of a bank loan
B. Collection of cash from issuing stock
C. Payment of interest on a bank loan
D. Payment of cash dividends
4.Which of the following activities would NOT be considered an investing activity?
A. Issuance of common stock
B. Purchase of used equipment
C. Sale of land
D. Sale of a long-term investment
5.Which of the following activities is a financing activity?
A. Purchase of land by issuing stock
B. Payment of cash dividends
C. Purchase of land for cash
D. Purchase of inventory for cash
6.On a statement of cash flows, the net increase in cash was $24,000. Cash provided from operations was $30,000. If the net cash outflow from investing activities was $7,000, then what was the net cash flow from financing activities?
A. net inflow of $1,000
B. net outflow of $1,000
C. net inflow of $13,000
D. net outflow of $13,000 ? ?
7.Using the following information for Stewart Auto, Inc., calculate the net cash flow from operating activities using the indirect method. ? ?
Net income $150,000 ?
Depreciation expense 10,000 ?
Increase in accounts receivable 4,000 ?
Decrease in inventory 5,000 ?
Increase in accounts payable 8,000 ?
Loss on sale of equipment 7,000 ? ?
The net cash provided by operating activities is:
A. $142,000.
B. $144,000.
C. $160,000.
D. $176,000.
8. Which of the following statements is TRUE regarding the indirect method of preparing a statement of cash flows?
A. A decrease in inventory is subtracted from net income.
B. A loss on the sale of an investment is added to net income.
C. Depreciation expense is subtracted from net income.
D. An increase in wages payable is subtracted from net income.
9.Which of the following statements is TRUE regarding the direct method of preparing a statement of cash flows?
A. Depreciation expense is added as a reconciling item.
B. It is easier and less costly to prepare than the indirect method.
C. A supplementary schedule reconciling net income to the cash basis must also be provided.
D. All of the statements above are correct.
10.Which of the following is an example of noncash investing and financing activity that is disclosed in a supplementary schedule accompanying the statement of cash flows or in a footnote to the financial statements?
A. Selling goods on credit
B. Paying the amount due a creditor
C. Purchasing equipment in exchange for a long-term note
D. Gain on the sale of land
1. Why does Friedman believe that businesses should maximise profits (i.e. that this is a moral obligation)?
2. Why does Friedman believe that businesses are forced to maximise profits, even if they would rather pursue some other objective?
3. According to Marx (as interpreted by Wolff, 2003), what is alienation of labour and what are the four forms of alienated labour?
Refer to the Prison Sourcing Case Study to answer the following questions.
4. What is the key ethical issue in the Prison Sourcing Case; write this as a “should” question – i.e. “Should . . . ?” Briefly answer this “should’ question from:
i. A utilitarian perspective (who are the key stakeholders? How is their utility affected?);
ii. A Kantian perspective (what fundamental rights are at stake?); and
iii. A virtue ethics perspective (are those involved displaying virtues or vices in their actions?).
iv. A Critical Theory perspective (is labour alienated?)
http://umich.edu/~thecore/doc/Friedman.pdf
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JIT070Journal of Information Technology Teaching Cases (2014) 4, 99–106© 2014 JITTC Palgrave Macmillan All rights reserved 2043-8869/14palgrave-journals.com/jittc/Teaching CasePrisonsourcing: ‘doinggood’or ‘goodforbusiness’?1 1 2Mary Lacity , Joseph Rottman , Erran Carmel1College of Business, University of Missouri-St. Louis, St. Louis, MO, USA;2Kogod School of Business, American University, Washington, DC, USACorrespondence:M Lacity, College of Business, University of Missouri-St. Louis, One University Boulevard, St, Louis, MO 63121, USA.Tel: +1 314 516 6127;Fax: +1 314 516 6827;E-mail: Mary.Lacity@umsl.eduAbstractThis teaching case explores the business and ethics of prison sourcing, the practice oftrainingand hiringprisonerstoperform work forthe private or publicsectors.Althoughmostprison employment programs train and hire workers for manual labor, such as furniturebuilding or textiles, some prison employment programs now train and hire inmates toperform low-level Business Process Outsourcing (BPO) services like call center work, dataentry, and document preparation. Prison sourcing is highly controversial. Besides the usualconcerns about security and quality of work performed by prisoners, the ethical aspects ofprison sourcing are hotly debated. Proponents argue prison sourcing is ethical because itdefrays the costs of corrections, helps individuals successfully complete their con?nementand prepares them to reintegrate into society, bene?tting the individuals, their families,communities, and ultimately tax payers. Opponents argue that prison sourcing is a form ofslavery, hurts small businesses, and steals jobs from law-abiding citizens. The authorsdeveloped this teaching case to allow students to explore these issues. The case is adramatized version of an actual case study of prisoners performing BPO work for a privatesector company.Journal of Information Technology Teaching Cases (2014)4, 99–106….
Attachments:
Prison-sourci….pdfWhy-Read-Marx….pdf
1. Which of the qualitiesrequired for a good document is violated in the following passage?
You now have a good ideaof the overall design and structure of documents, both short and multipage.
Unfortunately, good looks,proper structure, and creative design aren’t enough to garantee an
effective document.
A.Clarity C.Conciseness
B.Spelling D.Incorrect hyphenation
2. In which editor’sreference text would you find the following entry?
proofread,v.t., v.i.— proofread, proofreading. To read, as printers’ proofs,in order to detect and mark
errors to be corrected.—proof-read-er,n.
A.ThesaurusC.Style manual
B.DictionaryD.Style sheet
3. The importance ofthoroughly editing and proofreading a document can be stated as which of the
following?
A.The goalof a high-quality, well-written document is virtually impossible to achievewithout
performing these twofunctions in a professional manner.
B.Proofreadingmechanicals by someone other than the electronic publisher isn’t necessaryunless
multipage documents areinvolved.
C.The timeto begin the editing process is when a document’s final proofs are printed forinspection.
D.The goalof a high-quality, error-free document can never be achieved unless separatepeople
perform these twofunctions.
4. How can you find outwhich commands the function keys will send to your computer?
A.Thecommands appear right on the keys.
B.Theuser’s manual for the software program will tell you.
C.Functionsare similar for all programs.
D.Functionkeys appear only on typewriter keyboards.
5. The illustration belowis an example of a(n)
A.editorialstyle sheet. C.specification sheet.
B.stylemanual. D.layout style sheet.
6. The key on a computerkeyboard that lets users depart from an unwanted situation is the ______ key.
A.Alt C.Esc
B.Ctrl D.End
7. The editor/proofreaders’mark =/ means
A.insert adash. C.move left.
B.insert ahyphen. D.align vertically.
66 Examination
8. Find the error in thefollowing lines of text.
A computer keyboard is aninput device similar to a typewriter keyboard. An input device allow you to
get data into yourcomputer for processing.
A.In thefirst sentence, the verb is should be replaced with the plural are.
B.In thesecond sentence, the verb allow should be singular like the noun device.
C.In thefirst sentence, the noun typewriter should be hyphenated to read type-writer.
D.In thesecond sentence, the noun computer should be replaced with the pluralcomputers.
9. Except in short-termmarketing material, using which of the following is a sure way to assure your
document will soon appearoutdated?
A.Unnecessarywords C.Trendy words
B.Adjectivesand adverbs D.Inclusive language
10. Generally speaking,the ______ should focus mainly on clarity and the ______ should focus mainly
on accuracy.
A.editor/desktoppublisher C.editor/proofreader
B.proofreader/editorD.desktop publisher/proofreader
11. When an editor isobliged by his or her place of employment to apply certain preset conventionsto
the text and layout of adocument, the editor is said to be working according to a(n)
A.editorialstyle sheet. C.electronic style sheet.
B.specificationsheet. D.house style sheet.
12. What’s the maindifference between mechanical and substantive editing?
A.Mechanicalediting involves closely checking a document for style matters, whilesubstantive
editing involves rewritingor reorganizing the text.
B.Mechanicalediting involves rewriting or reorganizing the text, while substantive editinginvolves
closely checking adocument for style matters.
C.Mechanicalediting is done by proofreaders, while substantive editing is done by editors.
D.Mechanicalediting involves two or more people reading a document at one time, whilesubstantive
editing involves only oneperson.
13. The purpose of aneditorial style sheet is to help the editor
A.watch formisspelled words.
B.monitorword usage.
C.documentthe errors made by the author.
D.watch forand correct improper grammar.
14. Which proofreaders’mark and marginal symbol would you use to indicate the needed correction in
the following lines oftext?
Using an editorial stylesheet during the reading of a manuscript permits editor’s to monitor the usage
of special words and wordforms.
15. How is an electronicspell checker likely to read and deal with the following sentence?
The four horseman of theApocalypse are mysthical characters.
A.Theprogram will pause at mysthical and automatically replace it with mythical.
B.Theprogram will pause at horseman and automatically replace it with horsemen.
C.Theprogram will pause at horseman and suggest the spelling horsemen.
D.Theprogram will pause at mysthical and suggest the spelling mythical.
16. The reason forinsisting on proper grammar in nonfiction documents is to
A.impressreaders with the author’s education.
B.promotethe use of appropriate grammar in written documents.
C.present aprofessional image to readers and critics.
D.facilitateclear communication of the document’s message.
17. To learn the properway to set up a table of contents, editors can use a
A.stylemanual. C.thesaurus.
B.dictionary.D.grammar checker.
18. Editing andproofreading are sometimes called “hidden skills” because
A.whenthey’re done well, readers are almost completely unaware of them.
B.the namesof the editors and proofreaders aren’t listed on the title page.
C.authorsgenerally don’t appreciate the contribution of editors and proofreaders totheir document.
D.whenthey’re done well, authors are completely unaware that their documents havebeen revised.
19. When a proofreaderwrites stet in the margin of a document, the person responsible for inputting
corrections should
A.insert aquestion mark at the end of that text line.
B.let thetext with dots under it stand as is.
C.set thetext with dots under it in italics.
D.wait forthe rewritten version from the author.
20. Which of the qualitiesrequired by a good document is violated in the following passage?
Every member of the familyhas chores to do each day. Fred and Tom feed the horses and cows.
Chopping wood is hissecond responsibility.
A.Clarity C.Conciseness
B.ConsistencyD.Spelling
1. Why does a worker allocate his or her time over the life cycle so as to work more hours in those periods when the wage is highest? Why does the worker not experience an income effect during those periods?
2. What is the added worker effect? What is the discouraged worker effect? Which effect dominates in the United States?
3. Who are the hidden unemployed? Should the hidden unemployed be included in the calculation of the unemployment rate? Why or why not?
1. Which of the following is least likely to affect the net gain to migration? A. An improvement in economic opportunities in the destination state. B. An improvement in economic opportunities in the source state. C. An increase in migration costs. D. Changing one’s preferences for living in different places. E. Government spending. 2. Variation in wages across individuals is called A. wage dispersion. B. the mean wage. C. the Gini coefficient. D. the perfect-equality Lorenz curve. E. the positively-skewed wage distribution. 3. The positive correlation between ability and human capital investments “stretches out” wages in the population, generating what? A. A positively skewed wage distribution. B. A negatively skewed wage distribution. C. An inconsistent wage distribution. D. A uniform wage distribution. E. A symmetric wage distribution. 4. An approximate Lorenz curve shows A. the maxium and minimum wage gaps. B. the relationship between income and tax revenue. C. the share of income received by age group. D. the relationship between income and earnings potential. E. the cumulative share of income earned by quintiles of households. 5. Higher values of the Gini coefficient are associated with A. greater education inequality. B. greater income inequality. C. less income inequality. D. greater labor mobility.
1. Why do you think the percentage of Americans who believe that trade with other countries leads to job creation increased from 20% to 36% between 2014 and 2018? 2. What do you feel would create a greater sense of appreciation among average Americans for the role that international trade plays in creating a prosperous domestic economy?
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