1. How does mass production work? Describe a good or service that would lend itself well to mass production and one that would not lend itself well to mass production. Using those aofrementioned goods, describe why or why not that they could be produced in a flexible production system.

2. Discuss using personal experiences, how decision making is either aided or hindered by the use of data? How does data mining play a role in decision making?

3. Describe a personal example when utilizing data and how it was derived and analyzed played a role in a business decision.  What were the strengths and weakness of the information system?

Learning Activity #8

1. Describe the information provided by each of these financial statements: income statement, balance sheet, statement of owner’s equity. Identify ten business questions that can be answered by using financial accounting information. For each question, indicate which financial statement (or statements) would be most helpful in answering the que