Question 1 301 - Study guides, Class notes & Summaries
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FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS)
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FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS) 
 
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QUIZ 
The definition of a liability is: 
A. A future economic resource controlled by a reporting entity as a result of a past event. 
B. A future economic resource controlled by a reporting entity as a result of a future event. 
C. A present economic resource controlled by a reporting entity as a result of a pa...
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CHEM 103 Module 1 to 6 Exam Questions and Answers (Portage Learning)
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CHEM 103 Module 1 to 6 Exam Questions and Answers (Portage Learning) Using the following information, do the conversions shown below, showing all 
work: 
1 ft = 12 inches 1 pound = 16 oz 1 gallon = 4 quarts 
1 mile = 5280 feet 1 ton = 2000 pounds 1 quart = 2 pints 
kilo (= 1000) milli (= 1/1000) centi (= 
1/100) deci (= 1/10) 
1. 24.6 grams = ? kg 
2. 6.3 ft = ? inches 
1. 24.6 grams x 1 kg / 1000 g = 0.0246 kg 
2. 6.3 ft x 12 in / 1 ft = 75.6 inches 
please always use the correct units in your ...
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Mis 301 Exam 1 Question and answers 100% correct 2024
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Mis 301 Exam 1 Question and answers 100% correct 2024 *Which of the following statements is false? 
a. IT ultimately decreases the number of managers and experts. 
b. IT makes managers more productive. 
c. IT increases the number of employees who can report to a single manager. 
[D. IT reduces stress by giving managers more time to make decisions.] 
e. IT decreases the number of promotional opportunities. 
 
 
*What does a systems analyst do? 
Interfaces between end users and programmers 
 
 
*...
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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 The knowledge of managing information systems can lead to greater job security. 
 
A. True 
B. False - correct answer True 
 
Why is it important for business professionals to take an active role in developing and managing information systems? 
 
 A.They know whether a system meets their needs and requirements. 
B.They are the people who know how to build networks. 
C.They know how to create a database and configure computers. 
D.Th...
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MIS 301 Quiz 1 Question and answers correctly solved 2024
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MIS 301 Quiz 1 Question and answers correctly solved 2024 Information Technology - correct answer any computer-based tool that people use to work with information and to support the information and information processing needs of an organization 
 
Information Systems - correct answer collects, processes, stores, analyzes and disseminates information for a specific purpose 
 
Informed User - correct answer a person knowledgeable about information systems and information technology 
 
Chie...
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MIS 301 Midterm 1 Question and answers correctly solved 2024
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MIS 301 Midterm 1 Question and answers correctly solved 2024 Moore's Law - correct answer The number of transistors per square inch on an integrated chip doubles every 18 months - cost of data communications and storage is basically zero compared to a few years ago 
 
How does one attain job security? - correct answer Only job security is a marketable skill and courage to use it 
 
Any routine skill can and will be outsourced to lowest bidder 
 
--> Develop strong non-routine cognitive...
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MIS 301 Exam 1 Question and answers already passed 2024
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MIS 301 Exam 1 Question and answers already passed 2024 Informed User - correct answer A person knowledgeable about information systems and information technology 
 
Why you should be an informed user - correct answer 1. Benefit more from your organization's IT applications 
2. Be in a position to enhance the quality of your organization/s IT applications with your output 
3. Quickly be in a position to recommend- and perhaps help select-the IT applications that your organization will use ...
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MIS 301 Exam 1 Question and answers verified to pass 2024
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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...
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MIS 301 Exam 1 Question and answers verified to pass 2024
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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...
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Rock MIS 301 Exam 1 Terms Question and answers verified to pass 2024
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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...
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