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Bsis 425: Economics Of Information Question Paper

Bsis 425: Economics Of Information

Course:Information Science

Institution: Kenya Methodist University question papers

Exam Year:2013

ECONOMICS OF INFORMATION (BSIS 425) 3RD TRIMESTER 2013
KENYA METHODIST UNIVERSITY

END OF 3''RD ''TRIMESTER 2013 EXAMINATION

FACULTY : COMPUTING & INFORMATICS
DEPARTMENT : INFORMATION SCIENCE
UNIT CODE : BSIS 425
UNIT TITLE : ECONOMICS OF INFORMATION
TIME : 2 HOURS

INSTRUCTIONS : Answer ALL Questions in Section A and ANY TWO Questions in Section B

SECTION A (30marks)

Question One

Outline FIVE characteristics of a good vision statement. (10marks)

Question Two

Briefly discuss the following resources used in production: (10marks)

Land
Labour
Capital
Entrepreneurship
Question Three

Explain the relevance of studying economics to an information scientist.

(10marks)

SECTION B

Question Four

Discuss the aspect of demand and supply in relation to information services.

(20marks)

Question Five

Discuss the FOUR stages in the product life cycle. (20marks)

Question Six

Discuss the distinguishing feature of public goods. Explain why public goods are produced in insufficient amounts by the private sector. (20marks)

Bsis 425: Economics Of Information Question Paper

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