economy‚ market economy has proved more successful in raising living standard‚ economic growth and economic efficiency. Here comes the question that to what extent shall we move from planned economy to market economy. Market economy is an economic system‚ which resolves the basic economic problem mainly through the market mechanism and limit government role. It relies on the profit motive and consumer sovereignty. In contrast‚ in a command economy‚ resources are allocated by the government through
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Question 1: How are information systems transforming business & what is their relationship to globalization? *Describe how information systems have changed the way businesses operate and their products and services. *Identify three major information system trends. *Describe the characteristics of a digital firm. *Describe the challenges and opportunities of globalization in a “flattened” world. Answer: Conventional business procedures have been evolved drastically for the last two decades
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distributed system. (4mks) Access Transparency: Clients should be unaware of the distribution of the files. The files could be present on a totally different set of servers which are physically distant apart and a single set of operations should be provided to access these remote as well as the local files. Applications written for the local file should be able to be executed even for the remote files. The examples illustrating this property are the File system in Network File System (NFS)‚ SQL queries
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Database System Versus File System Consider part of a savings-bank enterprise that keeps information about all customers and savings accounts. One way to keep the information on a computer is to store it in system files. To allow users to manipulate the information‚ the system has a number of application programs that manipulate the files including • A program to debit or credit an account • A program to add new account • A program to find the balance of an account • A program to generate
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Economic System "Resources are scarce but demands are unlimited." (Anderton‚ 2000: 273) Therefore‚ resources have to be allocated in terms of what to produce‚ how to produce‚ and for whom to produce. (Case & Fair‚ 2004) Economic system is a way of answering the three basic economics problem. "An economic system is a collection of laws‚ institutions and‚ activities‚ that provide a framework for economic decision-making." (http://ecedweb.unomaha.edu/lessons/lesson2.htm) Each part of it interacts
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The ABC’s of Sensation 3.1 How do sensations travel through the central nervous system‚ and why are some sensations ignored? * Sensation is the activation of receptors located in the eyes‚ ears‚ skin‚ nasal cavities‚ and tongue. * Sensory receptors are specialized forms of neurons that are activated by different stimuli such as light and sound. * A just noticeable difference is the point at which a stimulus is detectable half the time it is present. * Weber’s law of just noticeable
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4/2/2014 The Command System vs The Market System The majority of this world’s economy is dominated by two types‚ the Command System and the Market System. The command system is a command economy that is publicly owned and is controlled by a central authority. The market system is a market economy where there is free competition and prices are determined by the interaction of supply and demand. The market system is popular within the United States‚ while the command system is ranked at the top for
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functions have certain basic characteristics that permit transient and steady-state analyses of the feedback-controlled system. Five factors of prime importance in feedback-control systems are stability‚ the existence and magnitude of the steady-state error‚ controllability‚ observability‚ and parameter sensitivity. The stability characteristic of a linear time-invariant system is determined from the system’s characteristic equation. Routh’s stability criterion provides a means for determining stability
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OPEN SYSTEM: A system that allows third parties to make products that plug into or interoperate with it. For years‚ the term "open systems" (plural) referred to the Unix world because Unix ran in more types of computer hardware than any other operating system OR Open systems are computer systems that provide some combination of interoperability‚ portability‚ and open software standards. It can also mean specific installations that are configured to allow unrestricted access by people and/or
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Nervous System The two types of the nervous system are the Central nervous system and the peripheral nervous system. They are responsible for integrating‚ processing‚ and coordinating Sensory data and motor commands the central nervous system‚ which interprets sensory input and carry information to maintain homeostasis. CNS can’t be regenerate because a CNS consists of the spinal cord that mean if it’s break the spinal cord is break also. The peripheral nervous system consists of the nerves
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