Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has negative feedback.
(ii) Responds to changes in conditions.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F
7. Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has a measurement system which gives feedback of a signal which is a measure of the variable being controlled.
(ii) Has a controller which has an input based on the difference between the set value and the fed back value for the variable being controlled.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) FDecide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has negative feedback.
(ii) Responds to changes in conditions.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F
7. Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has a measurement system which gives feedback of a signal which is a measure of the variable being controlled.
(ii) Has a controller which has an input based on the difference between the set value and the fed back value for the variable being controlled.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) FDecide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has negative feedback.
(ii) Responds to changes in conditions.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F
7. Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has a measurement system which gives feedback of a signal which is a measure of the variable being controlled.
(ii) Has a controller which has an input based on the difference between the set value and the fed back value for the variable being controlled.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) FDecide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has negative feedback.
(ii) Responds to changes in conditions.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F
7. Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has a measurement system which gives feedback of a signal which is a measure of the variable being controlled.
(ii) Has a controller which has an input based on the difference between the set value and the fed back value for the variable being controlled.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) FDecide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has negative feedback.
(ii) Responds to changes in conditions.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F
7. Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has a measurement system which gives feedback of a signal which is a measure of the variable being controlled.
(ii) Has a controller which has an input based on the difference between the set value and the fed back value for the variable being controlled.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) FDecide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has negative feedback.
(ii) Responds to changes in conditions.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F
7. Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has a measurement system which gives feedback of a signal which is a measure of the variable being controlled.
(ii) Has a controller which has an input based on the difference between the set value and the fed back value for the variable being controlled.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) FDecide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has negative feedback.
(ii) Responds to changes in conditions.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F
7. Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has a measurement system which gives feedback of a signal which is a measure of the variable being controlled.
(ii) Has a controller which has an input based on the difference between the set value and the fed back value for the variable being controlled.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) FDecide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has negative feedback.
(ii) Responds to changes in conditions.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F
7. Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has a measurement system which gives feedback of a signal which is a measure of the variable being controlled.
(ii) Has a controller which has an input based on the difference between the set value and the fed back value for the variable being controlled.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) FDecide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has negative feedback.
(ii) Responds to changes in conditions.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F
7. Decide whether each of these statements is True (T) or False (F).
A closed-loop control system:
(i) Has a measurement system which gives feedback of a signal which is a measure of the variable being controlled.
(ii) Has a controller which has an input based on the difference between the set value and the fed back value for the variable being controlled.
1. (i) T (ii) T
2. (i) T (ii) F
3. (i) F (ii) T
4. (i) F (ii) F

Horizon Corporation manufactures personal computers. The company began operation in 2013 and reported profits for the years 2015 through 2018. Due primarily to increased competition and price slashing in the industry, 2019's income statement reported a loss of $20 million. Just before the end of the 2020 fiscal year, a memo from the company's chief financial officer to Jim Fielding, the company controller, included the following comments:

"If we don't do something about the large amount of unsold computers already manufactured, our auditors will require us to write them off. The resulting loss for 2020 will cause a violation of our debt covenants and force the company into bankruptcy. I suggest that you ship half of our inventory to J.B. Sales Inc., in Oklahoma City. I know the company's president and he will accept the merchandise and acknowledge the shipment as a purchase. We can record the sale in 2018 which will boost profits to an acceptable level. Then J.B. Sales will simply return the merchandise in 2019 after the financial statements have been issued.

Comment on the appropriateness of the suggestion made by the controller to fulfill financial reporting objectives, Consider relevant ethical issues in your response. A basic framework to address ethical decision-making is provided:

Ethics Discussion in Accounting:

There are many frameworks for the analysis of ethical dilemmas in Accounting. The basic steps include:

1. Identify the facts--who, what, where, when, and how.

2. Identify the ethical issue and the stakeholders such as shareholders, creditors, management, employees, potential investors, and the community.

3. Identify the values relevant to the situation such as confidentiality verses the right to know.

4. Specify the alternative courses of action.

5. Identify a course of action and the consequences of that action.¹

^{1. Adapted from Harold Q. Langenderfer and Joanne W. Rockness, "Integrating Ethics into the Accounting Curriculum:Issues, Problems, and Solutions," Issues in Accounting Education (Spring 1989)}

According to eMarketer, mobile ads will top 100 and it accounts for about 16.5 percent of total advertising spending in 2016. The top five spenders of mobile ads are the United States, China, the United Kingdom, Japan and Germany. This number is expected to increase as the worldwide adoption of smartphones continue to grow. In 2015, there were about 2.6 billion smartphone users. This number is expected to top 6.1 billion globally by 2020.

Businesses are increasingly using mobile ads. Location data from mobile devices is the key element for a successful mobile ad campaign. Facebook and Google are two biggest players that generate the highest revenue from mobile ads. PlaceIQ, a technology form headquartered in New York city collects billions of data points from mobile devices and other sources and is able tract potential customers as they move from one retail location to another retail location – such as from one car dealership to another. PlaceIQ is also able to help businesses find out if the ads can translate to an actual visit by a customer. In addition to its huge data set for business, PlaceIQ also offers location data and analytics tools to businesses and allows them to do their own advertising.

Audi is using the Place IQ data to measure how many potential customers will visit its dealerships before and after they have seen ads. They also want to target potential customers who are visiting their competitors’ showrooms. Stacom Media Group is using PlaceIQ in order to find out how mobile location data can be helpful and eventually attract more customers to a business.

Questions:

a)     By 2020 how many smartphones will be existing globally?

b)    Who are the two leading companies that generate the biggest revenue from mobile ads?

c)     How PlaceIQ impact businesses?

d)    Why is Audi using the services offered by PlaceIQ?

e)    Your overall observation and learning from the above case study.

According to eMarketer, mobile ads will top 100 and it accounts for about 16.5 percent of total advertising spending in 2016. The top five spenders of mobile ads are the United States, China, the United Kingdom, Japan and Germany. This number is expected to increase as the worldwide adoption of smartphones continue to grow. In 2015, there were about 2.6 billion smartphone users. This number is expected to top 6.1 billion globally by 2020.

Businesses are increasingly using mobile ads. Location data from mobile devices is the key element for a successful mobile ad campaign. Facebook and Google are two biggest players that generate the highest revenue from mobile ads. PlaceIQ, a technology form headquartered in New York city collects billions of data points from mobile devices and other sources and is able tract potential customers as they move from one retail location to another retail location – such as from one car dealership to another. PlaceIQ is also able to help businesses find out if the ads can translate to an actual visit by a customer. In addition to its huge data set for business, PlaceIQ also offers location data and analytics tools to businesses and allows them to do their own advertising.

Audi is using the Place IQ data to measure how many potential customers will visit its dealerships before and after they have seen ads. They also want to target potential customers who are visiting their competitors’ showrooms. Stacom Media Group is using PlaceIQ in order to find out how mobile location data can be helpful and eventually attract more customers to a business.

Questions:

a)     By 2020 how many smartphones will be existing globally?

b)    Who are the two leading companies that generate the biggest revenue from mobile ads?

c)     How PlaceIQ impact businesses?

d)    Why is Audi using the services offered by PlaceIQ?

e)    Your overall observation and learning from the above case study.

According to eMarketer, mobile ads will top 100 and it accounts for about 16.5 percent of total advertising spending in 2016. The top five spenders of mobile ads are the United States, China, the United Kingdom, Japan and Germany. This number is expected to increase as the worldwide adoption of smartphones continue to grow. In 2015, there were about 2.6 billion smartphone users. This number is expected to top 6.1 billion globally by 2020. Businesses are increasingly using mobile ads. Location data from mobile devices is the key element for a successful mobile ad campaign. Facebook and Google are two biggest players that generate the highest revenue from mobile ads. PlaceIQ, a technology form headquartered in New York city collects billions of data points from mobile devices and other sources and is able tract potential customers as they move from one retail location to another retail location – such as from one car dealership to another. PlaceIQ is also able to help businesses find out if the ads can translate to an actual visit by a customer. In addition to its huge data set for business, PlaceIQ also offers location data and analytics tools to businesses and allows them to do their own advertising. Audi is using the Place IQ data to measure how many potential customers will visit its dealerships before and after they have seen ads. They also want to target potential customers who are visiting their competitors’ showrooms. Stacom Media Group is using PlaceIQ in order to find out how mobile location data can be helpful and eventually attract more customers to a business. Questions: a) By 2020 how many smartphones will be existing globally? b) Who are the two leading companies that generate the biggest revenue from mobile ads? c) How PlaceIQ impact businesses? d) Why is Audi using the services offered by PlaceIQ? e) Your overall observation and learning from the above case study.

Case study – Mobile Ads

According to eMarketer, mobile ads will top 100 and it accounts for about 16.5 percent of total advertising spending in 2016. The top five spenders of mobile ads are the United States, China, the United Kingdom, Japan and Germany. This number is expected to increase as the worldwide adoption of smartphones continue to grow. In 2015, there were about 2.6 billion smartphone users. This number is expected to top 6.1 billion globally by 2020.

Businesses are increasingly using mobile ads. Location data from mobile devices is the key element for a successful mobile ad campaign. Facebook and Google are two biggest players that generate the highest revenue from mobile ads. PlaceIQ, a technology form headquartered in New York city collects billions of data points from mobile devices and other sources and is able tract potential customers as they move from one retail location to another retail location – such as from one car dealership to another. PlaceIQ is also able to help businesses find out if the ads can translate to an actual visit by a customer. In addition to its huge data set for business, PlaceIQ also offers location data and analytics tools to businesses and allows them to do their own advertising.

Audi is using the Place IQ data to measure how many potential customers will visit its dealerships before and after they have seen ads. They also want to target potential customers who are visiting their competitors’ showrooms. Stacom Media Group is using PlaceIQ in order to find out how mobile location data can be helpful and eventually attract more customers to a business.

Questions:

a)     By 2020 how many smartphones will be existing globally?

b)    Who are the two leading companies that generate the biggest revenue from mobile ads?

c)     How PlaceIQ impact businesses?

d)    Why is Audi using the services offered by PlaceIQ?

e)    Your overall observation and learning from the above case study.

Case 2 – Mobile Ads According to eMarketer, mobile ads will top 100 and it accounts for about 16.5 percent of total advertising spending in 2016. The top five spenders of mobile ads are the United States, China, the United Kingdom, Japan and Germany. This number is expected to increase as the worldwide adoption of smartphones continue to grow. In 2015, there were about 2.6 billion smartphone users. This number is expected to top 6.1 billion globally by 2020. Businesses are increasingly using mobile ads. Location data from mobile devices is the key element for a successful mobile ad campaign. Facebook and Google are two biggest players that generate the highest revenue from mobile ads. PlaceIQ, a technology form headquartered in New York city collects billions of data points from mobile devices and other sources and is able tract potential customers as they move from one retail location to another retail location – such as from one car dealership to another. PlaceIQ is also able to help businesses find out if the ads can translate to an actual visit by a customer. In addition to its huge data set for business, PlaceIQ also offers location data and analytics tools to businesses and allows them to do their own advertising. Audi is using the Place IQ data to measure how many potential customers will visit its dealerships before and after they have seen ads. They also want to target potential customers who are visiting their competitors’ showrooms. Stacom Media Group is using PlaceIQ in order to find out how mobile location data can be helpful and eventually attract more customers to a business. Questions: a) By 2020 how many smartphones will be existing globally? b) Who are the two leading companies that generate the biggest revenue from mobile ads? c) How PlaceIQ impact businesses? d) Why is Audi using the services offered by PlaceIQ? e) Your overall observation and learning from the above case study.

Case 2 – Mobile Ads

According to eMarketer, mobile ads will top 100 and it accounts for about 16.5 percent of total advertising spending in 2016. The top five spenders of mobile ads are the United States, China, the United Kingdom, Japan and Germany. This number is expected to increase as the worldwide adoption of smartphones continue to grow. In 2015, there were about 2.6 billion smartphone users. This number is expected to top 6.1 billion globally by 2020.

Businesses are increasingly using mobile ads. Location data from mobile devices is the key element for a successful mobile ad campaign. Facebook and Google are two biggest players that generate the highest revenue from mobile ads. PlaceIQ, a technology form headquartered in New York city collects billions of data points from mobile devices and other sources and is able tract potential customers as they move from one retail location to another retail location – such as from one car dealership to another. PlaceIQ is also able to help businesses find out if the ads can translate to an actual visit by a customer. In addition to its huge data set for business, PlaceIQ also offers location data and analytics tools to businesses and allows them to do their own advertising.

Audi is using the Place IQ data to measure how many potential customers will visit its dealerships before and after they have seen ads. They also want to target potential customers who are visiting their competitors’ showrooms. Stacom Media Group is using PlaceIQ in order to find out how mobile location data can be helpful and eventually attract more customers to a business.

Questions:

a)     By 2020 how many smartphones will be existing globally?

b)    Who are the two leading companies that generate the biggest revenue from mobile ads?

c)     How PlaceIQ impact businesses?

d)    Why is Audi using the services offered by PlaceIQ?

e)    Your overall observation and learning from the above case study.

According to eMarketer, mobile ads will top 100 and it accounts for about 16.5 percent of total advertising spending in 2016. The top five spenders of mobile ads are the United States, China, the United Kingdom, Japan and Germany. This number is expected to increase as the worldwide adoption of smartphones continue to grow. In 2015, there were about 2.6 billion smartphone users. This number is expected to top 6.1 billion globally by 2020.

Businesses are increasingly using mobile ads. Location data from mobile devices is the key element for a successful mobile ad campaign. Facebook and Google are two biggest players that generate the highest revenue from mobile ads. PlaceIQ, a technology form headquartered in New York city collects billions of data points from mobile devices and other sources and is able tract potential customers as they move from one retail location to another retail location – such as from one car dealership to another. PlaceIQ is also able to help businesses find out if the ads can translate to an actual visit by a customer. In addition to its huge data set for business, PlaceIQ also offers location data and analytics tools to businesses and allows them to do their own advertising.

Audi is using the Place IQ data to measure how many potential customers will visit its dealerships before and after they have seen ads. They also want to target potential customers who are visiting their competitors’ showrooms. Stacom Media Group is using PlaceIQ in order to find out how mobile location data can be helpful and eventually attract more customers to a business.

Questions:

a)     By 2020 how many smartphones will be existing globally?

b)    Who are the two leading companies that generate the biggest revenue from mobile ads?

c)     How PlaceIQ impact businesses?

d)    Why is Audi using the services offered by PlaceIQ?

e)    Your overall observation and learning from the above case study.