BUS10407 Economics I (Sem A 2014-15)
Tutorial Exercises for Lecture 1 (The Nature of Economic Problems)
Describe tradeoff(s) faced by each of the following scenarios :
a. A family deciding whether to buy a new car.
b. A policymaker deciding how much to
ORGANIZATIONAL STRATEGY, INFORMATION SYSTEMS, AND COMPETITIVE ADVANTAGE
Collaborate with your team to answer the following
1. Explain the relationship between value and cost accord-
ing to the Porter model. When does it make sense to add'
3. A threetable database design for the data in the spread
sheet in Figure 16 is as follows:
ChoirMember (LastName, FirstName, Email, Phone, Part)
CheckOut (LastName, FirstName, NameOfWorlc, Part,
THE IMPORTANCE OF MIS
of pulpwood trees. Name each of the elements in the
system and explain their relationships to each other.
c. Give three other examples of the use of systems think-
ing with regard to consequences of Moores Law.
d. Explain how Jennife
HARDWARE AND SOFTWARE
business, geography, political science, art, music, or any
other discipline in which your team has interest? Describe
one potential application for PixelSense for ve different
2. List specic features and benets for each
Research on the market a key IT/IS application or solution (product) that can be of
value to housing/property management. Critically evaluate its design, feature,
function, etc. Assess the pros and cons of such a solution and map out its strategic