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MIS 301 Exam 1 Question and answers correctly solved 2024

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MIS 301 Exam 1 Question and answers correctly solved 2024 Which of the following is TRUE of the IS function today? - correct answer It is not the exclusive responsibility of the IS Department ____________ is developed through learning and is the experience and expertise that managers can appl...

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  • August 27, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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MIS 301 Exam 1
Which of the following is TRUE of the IS function today? - correct answer ✔It
is not the exclusive responsibility of the IS Department


____________ is developed through learning and is the experience and
expertise that managers can apply to business problems. - correct answer
✔Knowledge


A competitive advantage refers to any ___________ that provide an
organization with an edge against its ___________ in some measure such as
cost, quality, or speed. - correct answer ✔Assets;Competitors


Which of the following is NOT a fundamental element of a business process?
- correct answer ✔Feedback


T/F: The Internet reduces the barriers to entry for new competitors in an
established industry. - correct answer ✔True


____________________ is a method of calculating the expected net
monetary gain or loss from a project by discounting all expected future cash
inflows and outflows to the present point in time. - correct answer ✔NPV (Net
Present Value)


A typical IS operational plan contains which of the following elements? -
correct answer ✔Application portfolio, Mission of the IS Function, IS Function
estimate of it's goals, Summary of the information needs of the functional
areas and of the entire organization

, AmazonGo Technology - correct answer ✔The AmazonGo Technology {Just
Walk Out Technology} works by using the following: Computer Vision, Sensor
Fusion, Deep Learning Algorithms, Bayesian statistics to infer preferences
from past data, Machine Learning, Mobile e-commerce, Cameras/Facial
Recognition.


Lemonade Technology - correct answer ✔Works to use Bots/Machine
Learning to bring easy homeowners/renters insurance to consumers. No
brokers. Any leftover claims are given to a non-profit charity of the customers
choice.


UPS Case of ORION - correct answer ✔1. What was UPS trying to do with
the development of this system?
a. Trying to make the current deliveries and future ones more efficient, while
also cutting down on costs.
2. What changed in the UPS business to motivate the need for IT tools like
ORION?
a. More competitive and needed the union workers happier.
3. Was the system successfully completed? I yes, how? If not, why not?
Explain.
a. Yes & no. Rural drivers experienced ORION helped them in making their
routes more efficient, while city drivers noted it made their drives more
inefficient. This article is pre-2017 so we have no current updates.
4. What were some of the challenges faced by UPS developing Orion?
Explain 2
a. Finding ways to make the system consistent. Any resistance to change that
they may have faced.
5. What do you think is meant by "...striving for a balance between optimum
result and
consistency?
a. Striving for the cheapest most ideal and safe routes while also getting to the
customer on time. Happiness overall.

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