In this exercise, you will apply the concepts of the virtual office to computer lab use on your campus. Most college campuses have computer labs for student use. These labs support course work, are located on campus, have various hours of operation, provide access to printers, offer access to help in using the computers and software, and provide other elements of education. However, the large majority of students today have access to computers and networks off-campus and in dorms. The question becomes, what economic advantages could be realized if your college campus applied virtual office concepts to student computing needs? You may wish to make a spreadsheet for the comparison so that you can document your estimates and also make changes to gauge the economic effects of changes to your estimates. Make sure you include at least the following economic factors: Cost of student purchasing a computer and printer Cost of student gaining access to the Internet Cost of a computer lab (multiplied by the number of labs the college supports) Computer hardware costs Computer software costs Cost of lab assistants Cost of printers, paper, and toner cartridges Cost of college support Make one list for the costs in the current computing situation on your campus and a second for the costs based on the campus moving to virtual computing for students. In a virtual campus-computing scenario, the number of computer labs and computers in those labs and hours of lab operations would be greatly reduced. Students would use their own computing resources to access the software and files needed for course work. The college might then reduce the cost of fees, especially technology fees. This exercise is simplistic, but it should stimulate you to consider if your college costs would actually be lowered if your college adopted more virtual office concepts