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A major change is that the course Offerings table has been de-normalized and it incorporates the contents of the Records Table. The Offerings table now

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A major change is that the course Offerings table has been de-normalized and it incorporates the contents of the Records Table. The Offerings table now keeps the StudentID and grade of all students who took an offering.

For brevity, the field for Initials was eliminated in Faculty and Student tables.

Faculty table contains numeric fields for Years-of-tenure and Salary instead of Office and Phone-No.

Student Associations went back to be advised by a Faculty member, but only one Faculty Member.

Use the given Relational Data Model below to create a Microsoft Access database with the following considerations:

Within the Microsoft Access database, create one table for each of the tables in the Relational Data Mode. Use the same names for tables and fields as prescribed in the Relational Data Model. Declare all text fields as TEXTs, and use integer or decimal values when appropriate. You have discretion on the sizes of the fields. Give every table their corresponding primary key.

Define every foreign key relation between tables as prescribed by the Relational Data Model.

After defining all the tables and relationships, fill the tables with complete and valid records. You are free to use real or invented data that make sense for the tables. The Faculty and Student tables should include information for at least 7 faculty members and 7 students. The Course table should include information for at least 10 courses. All courses should be offered at least once in some combination in Fall, Spring and Summer semesters. All courses should have at least one student and every student should have registered in at least 1 course every semester and have a grade for the course. There are at least 2 Student Associations and each student should belong to at least one of them.

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1. The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.50 each. Complete the following table by indicating whether each of the statements is an example of a price celling or a price floor and whether it is binding or nonbinding. Statement Price Control Binding or Not Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so. The government prohibits donut shops from selling donuts for more than $1.80 each. The government has instituted a legal minimum price of $1.80 each for donuts.Question 1 Which ONE statement is not true? (ff-a. Social cost of monopoly occurs because there is too little output If h. In monopoly, price does not equal marginal revenue (\"3- C- In perfect competition. there is free entry and exit rid. Individual seller is a price taker in imperfect competition '77-6- In perfect competition. there are many sellers of identical products Question 2 Which statement best describes government regulations? (fa. Too little regulation increases consumer welfare r b-Firms want to locate in countries with extremely high numbers of regulations (\"-C- There is no such thing as too much regulation I"? d-A govemment would function best if it had no level of regulation at all If\". e. Economic performance is not highly correlated with the amount of government regulation Pricing Strategy Competition is serious business and sometimes fierce. The stakes are high. Unless the rm has a monopoly, pricing is one area that may be intensely competitive, and not all competition is fair or legal. When considering pricing strategy, the international business manager must be aware of the strategies of otherflrrns when setting the firm's own strategy. Pricing is an important part of the marketing mix. Firms must look at charging different prices in different markets, pricing as a competitive weapon, and the regulatory factors including government control and antidumping regulations. As managers set prices under the strategy, they must be aware of many different dynamics. All will affect the design and implementation of pricing strategy. Roll over the items on the left for a description and then drag each item to the appropriate column. Is it a consideration of price discrimination, strategic pricing, or regulatory inuence? _l__l If the coupon had been delivered, the neighbor would have won a giant sweepstakes. The neighbor has actual cause against the boss, Fred, Penelope, the gardener, and the mailman. On this basis. the neighbor has a good case. 19 Clem is from a hard living family and he eats nails for breakfast. After one especially large breakfast of nails, he became sick and so missed work. Clem wants to sue the nail company. Assumption of the risk might be a defense available to the company. 20 A person who is injured while a passanger in a taxi cab might have a strict liability cause of action. 21. One of Zeke's rentors was late in paying rent. Wondering if the renter had moved out. Zeke went to the house looked in through one of the windows. Zeke saw furniture and other items, but no renter. Assuming the rentor had moved out, Zeke went inside to see if there was anything of marketable value which could be used as a rent payment. He found several items which he began taking out of the house. Just then, the renter came to the house. Zeke has committed the torts of burglary, larceny, trespass, and embezzlement. 22. Martha and Ben were Las Vegas stars who had a wild animal act. One of the animals was Martha's beloved Leonardo the Lion. Leo was a loving mammal who had never shown any tendency towards hostility of any kind. One day while doing the show, Ben's knee buckled and he fell suddenly to the stage floor. This happened in front of Leo, who became immediately concerned and with a big paw tried to grab Ben to help him. Ben was severely injured by Leo's attempt to help. Martha is liable in strict liability. 23. A tort is a civil wrong litigated, if necessary, in civil court. 24. An act which gives rise to a tort action can also be a crime. 25. "Duty" in tort is a responsibility to act or not act that one person owes to another., 26. A physician owes a duty to help everyone he/she can. 27. Fred was a physician who was in a hurry and so did not stop to help a stranger in a medical emergency. Fred breached his legal duty to help. 28. In another instance, Fred stopped to help, but he was negligent in the medical treatment provided. Fred breached his duty to help. 29 The stranger was permanently injured after Fred's help. It is a fact that Fred breached his duty to the stranger which caused damages. Fred is liable in law to the stranger. 30. For every crime there is a civil wrong. For every civil wrong, there is not necessarily a crime. 31. In tort. it is true that duty, breach, causation (both actual and proximate), and damages must happen in order for there to be a tort. 32. Fred's boss was in bad humor because Jake hit his car, and ended up unreasonably yelling at Fred at work. Fred, now upset, was mad when he went home, slamming his front door when he entered. The door knob broke off. beaning Rofo. Fred's dog. This gave Rofo a bad attitude who then growled at the mailman as he delivered the mail. The mailman, now flustered, fails to deliver mail to Fred's next door neighbor, Mergatroid. In that mail was the winning envelope for a 1 million dollar drawing prize. Melba found out after the due date for responding. Melba can sue all of the people named under the theory of proximate cause. 33. The court looks at the amount of damages in determining the importance of a given case.1. Consider a birth and death process with 4 attainable states: (0, 1, 2, 3). The steady state probabilities of these states are PO, PI, P2, and P3. The birth and death rates are summarized in the below table: State Birth Rate Death Rate 0 NNN 0 a) Construct the rate diagram for this birth and death process. b) Develop the balance equations c) Solve these equations to find PO, PI, P2, P3 (steady state probabilities). d) Calculate L

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