Moore's Law correct answers The number of transistors per square inch on an integrated chip doubles every 18 months
Effect of Moore's Law correct answers -price/performance ratio of computers has fallen drastically
-computers are: smaller, faster, cheaper
Metcalfe's Law correct answers the v...
ISM-310 EXAM 1 || with 100% Verified Solutions.
Moore's Law correct answers The number of transistors per square inch on an integrated chip
doubles every 18 months
Effect of Moore's Law correct answers -price/performance ratio of computers has fallen
drastically
-computers are: smaller, faster, cheaper
Metcalfe's Law correct answers the value of a network is equal to the square of the number of
users connected to it
-more digital devices connected = value of network increases
Ex: google, amazon, ebay etc
Nielsens Law correct answers network connection speeds for high-end users will increase by
50% per year
example: YouTube
Kryders Law correct answers the storage density on magnetic disks is increasing at an
exponential rate
-cost of storage approaching zero
Abstract Thinking correct answers Example: construct a model or representation
-hesitancy and uncertainty when conceptualizing a method for using AI and machine learning
systems thinking correct answers model system components and show how components' inputs
and outputs relate to one another
ex: inability to model eHermes operational needs
collaboration correct answers Develop ideas and plans with others. Provide and receive critical
feedback
ex: unwilling to work with others in a work in progress
Ability to Experiment correct answers create and test promising new alternatives, consistent with
available resources
ex: fear of failure prohibited discussion of new ideas
What is an information system? correct answers a group of components that interact to produce
information
5 fundamentals:
computer hardware
software
data
procedures
people
, what is MIS? correct answers the development and use of information systems that help
businesses achieve their goals and objectives
What is infomation? correct answers -knowledge derived from data
-data presented in meaningful context
-processed data
-data processed by summing, ordering, averaging, grouping, comparing
-a difference that makes a difference
data correct answers -recorded facts or figures
-not meaningful on its own
good data correct answers -accurate
-timely
-relevant
-just barely sufficient
-worth its cost
organizational structure correct answers -determines organizations goal and objective
-developed from organizational structure
-creates a value chain
-established the structure, features, and functions of information systems
Porter's 5 Forces correct answers -Rivalry among competitors
-Threat of new entrants
-Threat of substitute products
-Bargaining power of buyers
-Bargaining power of suppliers
what is competitive strategy? correct answers A four-component resource that shows how an
organization responds to the structure of its industry
What is a value chain? correct answers -a network of value-creating activities
-primary activities
-support activities
-linkages
primary activities correct answers -tangible
-net result is total margin of chain
-stages accumulate costs, and add value to product
support activities correct answers -add value and costs
-contribute indirectly to production, sale and service
examples:
human resources, firm infrastructure, tech development, procurement
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