Internet Case Study for Chapter 4: Forecasting The Akron Zoological Park During the early 1990s‚ changes in consumer preferences and changes in governmental priorities‚ almost resulted in the permanent closing of the Akron Children’s Zoo. Lagging attendance and a low membership level did not help matters. Faced with uncertain prospects‚ the city of Akron opted out of the zoo business. In response‚ the Akron Zoological Park was organized as a corporation to operate the zoo under contract with the
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The current demand forecasting method is based on qualitative techniques more than quantitative ones. If the forecast is not accurate‚ the company would carry both inventory and stock out costs. It might lose customers due to shortage of supply or carry additional holding costs due to excess production. If the actual demand doesn’t match the forecast ones‚ and the forecast was too high‚ this will result in high inventories‚ obsolescence‚ asset disposals‚ and increased carrying costs. When a forecast
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Budgeting and Forecasting 278 Midterm 2014 (TCO 1) The type of budget that is updated on a regular basis is known as a _____. Student Answer: continuous budget revised budget updated budget flexible budget TCO 2) The quantitative forecasting method that uses actual sales from recent time periods to predict future sales‚ assuming each period has equal influence on the prediction of future sales‚ is the _____. Student Answer: moving average model weighted moving average
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e-payment system ELECTRONIC FUND TRANSFER By Prof T.R. Vaidyanathan e-payment system As payment is an integral part of mercantile process‚ electronic payment system is an integral part of ecommerce. The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by traditional payment systems. E-payment systems are becoming central to ecommerce as companies look for ways to server customers fasters and at lower cost‚ thereby paving way for
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hospital. Now patients are able to skip those steps because of electronic medical records. But what exactly are manual medical records and electronic records? According to Merriam-Webster‚ medical records are a record of a patient ’s medical information (as medical history‚ care or treatments received‚ test results‚ diagnoses‚ and medications taken). Electronic medical records are digital medical records that either originates from an electronic format or is converted from paper or hard copy to an online
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Executive Summary Samsung Electronics was established in 1969 and successfully developed its own products internally in 1980s. The company grew very fast and even continued to lead the market with an 8% growth in gross sales during Asian crisis in 1997. Now it is transforming to a global digital company with many products occupying substantial market shares in the world. Samsung Electronics attributed its success to four main factors; (1) Highly creative employees can develop new technologies;
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Electronic Records Langemo (1995) describe records as the memory of the organization‚ the raw material for decision making‚ and the basic for legal defensibility. Meanwhile Gagnon (1987) defines records from the functional standpoint when he says all recorded information regardless of media or characteristic‚ made or received and maintained by an organization or institution in pursuance of its legal obligations or in the transaction of business. However‚ Clubb (1991) admits that it was relatively
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correct world. There are topics about morals‚ standards‚ and personal ethics. One of the newest debatable subjects however‚ is the one concerning this new centuries way of casting an individual’s vote‚ through electronic voting. Electronic voting is a way to cast a person’s ballot using an electronic voting machine that is touch screen. There are many advantages to using these machines during an election but there are also many disadvantages to using them as well. Before a person can make their own judgments
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without a downside though. With these electronic technologies becoming cheaper and more expendable it creates a situation where the disposal of these electronics. Electronic waste problems are not just of where you dispose of it‚ but also how it effects the area around the dump site. Studies have shown that‚ “heavy metals pollution of groundwater‚ soil‚ and plants is an issue of environmental concern‚ especially when e-waste is involved”(Olafisoye‚ 7). With electronic waste continuing to grow this pollution
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Electronic Waste and the Environment In today’s fast paced society‚ technology is moving faster than ever due to advancements that are being made in speed‚ portability‚ and user accessibility with new computers and other electronic devices being introduced to the market. However‚ all of this new technology creates a problem because of the discarding of older electronic equipment. According to the Environmental Protection Agency‚ the United States alone produces approximately 300 millions tons
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