Remember for a moment a recent trip you have made to the grocery store to pick up a few items. what pieces of data did the point of sale (pos) terminal and cashier collect from you and what pieces of data about the transaction did the pos terminal pull from a database to complete the sale? in addition to the data collected and retrieved what information was generated by the pos terminal at the end of the order, as it is being completed? identify the following parts of a common grocery store transaction as data, information, or knowledge.

1. an item's upc number

2. change back to customer

3. general changes to demand in different seasons

4. cost each

5. quantity purchased

6. non-taxable total

7. extended cost (quantity times cost each)

8. amount tendered

9. sales of an item for the last week

10. upcoming holidays and customer's special needs

11. how paid (cash, charge card, debit card)

12. shopper loyalty card number

13. taxable total

Problems and applications q3 suppose the demand for french bread falls. illustrate the effect this has on the market for french bread. demand supply price of french bread quantity of french bread d 1 d 2 supply producer surplus in the market for french breadincreases . illustrate the effect the quantity change in french bread has on the market for flour. demand supply price of flour quantity of flour d 1 d 2 s 1 s 2 producer surplus in the market for flour .

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.