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Which of the following best illustrates the relationship between entities and attributes?

A) The entity CUSTOMER with the attribute PRODUCT
B) The entity CUSTOMER with the attribute PURCHASE
C) The entity PRODUCT with the attribute PURCHASE
D) The entity PRODUCT with the attribute CUSTOMER
E) The entity PURCHASE with the attribute CUSTOMER

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Joshua Stredder
Joshua StredderLv10
23 Oct 2020

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Related questions

Patricia is researching venues for a restaurant business. She is evaluating three major attributes that she considers important in her choice: taste, location, and price. The value she places on each attribute, however, differs according to what type of restaurant she is going to start. If she opens a restaurant in a suburban area of Los Angeles, then taste is the most important attribute, three times as important as location, and two times as important as price. If she opens a restaurant in the Los Angeles metropolitan area, then location becomes three times as important as taste and two times as important as price. She is considering two venues, respectively, a steak restaurant and a pizza restaurant, both of which are priced the same. She has rated each attribute on a scale of 1 to 100 for each of the two different types of restaurants.

Attribute Steak Restaurant Pizza Restaurant

Taste 80 70

Location 55 80

Price 65 50


Show all of your calculations and processes. Describe your answer for each question in complete sentences.

Which of the two options should Patricia pursue if she wants to open a restaurant in a suburban area of Los Angeles? Calculate the total expected utility from each restaurant option and compare. Graph is not required. Describe your answer, and show your calculations.

Which of the two options should she pick if she plans to open a restaurant in the Los Angeles metropolitan area? Describe your answer, and show your calculations.

Which option should she pursue if the probability of finding a restaurant venue in a suburban area can be reliably estimated as 0.7 and in a metropolitan area as 0.3? Describe your reasoning and show your calculations.

Provide a description of a scenario in which this kind of decision between two choices, based on weighing their underlying attributes, applies in the “real-world” business setting. Furthermore, what are the benefits and drawbacks, if any, to this method of decision making?

Best Option: An ethically mature option is one where your reason for acting is consistent with your duties. In addition, the option should treat the other stakeholders, such as Alice, with care and respect.

Good Option: A good ethical option is one where you meet your responsibilities to the stakeholders, such as your employer, with thoughtfulness.

Poor Option: A poor ethical option is one where you think only of yourself.

I've made a list of what I think are the possible choices in this situation. Considering your duties to the stakeholders, choose the option that you think is the most ethical using the principles and values of the Rights/Responsibilities Lens.

Which option best fulfills your duties?

Option 1

In order to be a good leader and mentor your colleague, actively engage the junior writer in the writing of the article, list her as a co-author, and attribute the ghostwriter in the acknowledgments.

Option 2

List the junior writer as a co-author and attribute the ghostwriter in the acknowledgments in order to demonstrate your respect for their work.

Option 3

List the junior writer and the ghostwriter as co-authors for the article so that you can responsibly meet your obligations to your colleagues.

Option 4

Do not attribute either the junior colleague or the ghostwriter so you can get a good performance evaluation.

Option 5

Give the junior writer and ghostwriter credit for their work in the acknowledgments so you meet the requirements of attribution required by professional journals.

Option 6

Give Alice, your junior colleague, a letter of commendation in her personnel file so you can at least show a bit of generosity to her for her work. Do not credit her or the ghostwriter.

Which of the following best describes a business stakeholder?

 

A.

Anyone who affects or is affected by decisions made within a firm.
 

B.

Anyone who has acquired a significant shareholding in a firm.
 

C.

Anyone with a controlling interest in a firm.
 

D.

Minority shareholders in a business entity.

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