Mis 301 exam - Study guides, Class notes & Summaries

MIS 301 Exam 2 Question and answers verified to pass 2024 Data Warehouse - correct answer A set of databases designed to support decision making in an organization. It is structured for fast online queries and exploration. These may aggregate enormous amounts of data from many different operational systems Data Mart - correct answer A database or databases focused on addressing the concerns of a specific problem (e.g., increasing customer retention, improving product quality) or business...

MIS 301 Exam II Study Guide questions n correct answers already passed (49)

MIS 301 Exam 1 Question and answers verified to pass 2024 Disruptive technology: - correct answer an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market leading firms, products and alliances Mental models - correct answer an explanation of someone's thought process about how something works in the real world Barriers to entry - correct answer the existence of high startup costs or other o...

MIS 301 Exam 1 Question and answers verified to pass 2024 sustainable competitive advantage - correct answer The ability to consistantly outperform industry averages/peers 4 critical characteristics to maintain a sustainable advantage - correct answer 1)Valuable 2)Rare 3)Imperfeclty imitable(tough to imitate) 4)Nonsubstitutable *These also help create Barriers to Entry Micheal E. Porters book "Competitive Advantage" - Porter's 5 Forces - correct answer 1- Barbaining power o...

MIS 301 Exam II Study Guide Question and answers verified to pass 2024 Online Analytical Processing (OLAP) - correct answer A method of querying and reporting that takes data from standard relational databases, calculates and summarizes the data, and then stores the data in a special database called a data cube. Awareness, evaluation, purchase, delivery, after sales - correct answer What is the correct order of channel phases? data mart - correct answer A database or databases focu...

MIS 301 Exam 2 Question and answers correctly solved 2024 Backward compatibility - correct answer ability to take advantage of complementary products developed for prior generation of tech. Ex: 16-bit Super Nintendo system incompatible w/ firm's highly successful prior generation 8-bit model (they had an epic FAIL!) Blue Ocean strategy - correct answer approach where firm seeks to create & compete in uncontested "blue ocean" market spaces, rather than competing in spaces & ways that h...

MIS 301 Exam 1 Question and answers already passed 2024 Tech's Tectonic Shift - correct answer Business models and strategies have rapidly changed based on new and evolving technology Firms are shifting spending from traditional media to the Web because of its ability to - correct answer Track customers, Analyze campaign results, and Modify tactics cashless payment - correct answer Firms are using apps to develop location-based messages and services Firms are using social media t...

MIS 301 Exam 1 Question and answers 100% correct 2024 IPO - correct answer Initial public offering, a corporation's first offer to sell shares to the public Internet of Things - correct answer A vision where low-cost sensors, processors, and communication are embedded into a wide array of products and our environment, allowing a vast network to collect data, analyze input, and automatically coordinate collective action. Sarbanes-Oxley Act - correct answer Also known as Sarbox or SOX...

In the past decade, how has technology helped bring about radical changes across industries and throughout societies? correct answers -the way firms advertise - the way individuals & organizations communicate -fueled globalization & data-driven decision making - redefined concepts of software and computing - raised privacy & security concerns -crushed costs What is the impact of a disruptive technology? What is its trajectory? Why do we care? correct answers First, they come to market wi...

Rock MIS 301 Exam 1 Terms Question and answers verified to pass 2024 Disruptive technology - correct answer Innovation that helps create a new market and value network that disrupts an existing market ex: iPhone for Kodak Mental models - correct answer Designs of a business and technology that consumers think about when thinking of a brand; how we are aesthetically effected Barrier to entry - correct answer obstacles that prevent a business from entering the market Brand - corre...