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)
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