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What are the phases of the system implementation process? Are any phases less or more important than others? Why?
Why is it important to involve users in the selection, testing, and implementation process? What can happen if they are not involved?
How would you compare and contrast the skills of a leader with the skills of a manager? Can you think of scenarios where leadership skills are required and ones where managerial skills are needed?
It has often been said about implementation projects that if you fail to plan, you plan to fail. Why do you think that lack of planning is so directly attributed to failing when it comes to implementing a new computer system or application?
In what ways do you think failures can be planned for? How does the IT project leadership go about monitoring and analyzing for failure so that it can be stopped in its tracks or prevented from reoccurring?
Suppose a company could produce a high and low quality good. Each consumer can buy a high quality good (with quality exogenously given as s2), a low-quality good (with quality s1), or no good. In other words, each consumer makes, at most, one purchas..
The profit-maximization problem for a monopolist differs from that of a competitive firm in which of the following ways?
Who gains and who loses from the trade barriers that create the price differences? What arguments are used to support trade restrictions in these commodities? What might be the short-term and long-term effects of removing such trade restrictions?
Which of the following pairs illustrates the two extreme examples of market structures? Why? Of the total income earned in the U.S economy, approximately: Why?
Suppose that in elections President Push wanted to help out Congressional candidates in his party by making the economy look strong: high GDP figures and low inflation. Discuss the short-run and long run implications of the president’s fiscal policy ..
How do you determine if a utility function is homothetic? I understand that definitions say that if the MRS depends only on the ratio of the two goods, then the utility function is homothetic. Yet I have trouble understanding how to actually apply..
Think of a product you believe is mass marketed. How did you arrive at this conclusion? You might want to comment on classmates' posts with your opinion as to whether they have selected a mass-marketed product, and if not, why you think their choice ..
Consider a hypothetical economy in which households spend $0.80 of each additional dollar of their after-tax income. The expenditure multiplier for this economy is ____. Suppose that this economy is experiencing a recession. The impact of a one-time ..
What is the externality associated with an individual driving on a congested highway? How do tolls help alleviate this externality? How should tolls be set? (Hint: Would you always want the toll to be the same all day?)
Demand and Supply". Use the linear demand and supply curves shown in the figure to answer the following questions: The economic value of the 10,000th unit is $_______, and the minimum price producers will accept to produce this unit is $ ________.
Assume we are facing a recessionary gap (RG) of $20 million. Explain the tools the government has at its disposal to close the gap, using FISCAL policy and in what direction it would use them, given that we have a RG (increase, decrease?). Give the e..
Examine in depth the four methods that the Federal Reserve uses to affect money supply. In each case, what must the Federal Reserve do to increase the supply of money? Which of these methods is most important?
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