Mis 301 exam 1 - Study guides, Class notes & Summaries

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 *...

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 ...

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...

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 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...

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...

MIS 301 Exam 1 Question and answers already passed 2024 Business - correct answer A business is an organization designed to provide goods, services, or both to consumers. Hilton & WalMart - correct answer Examples of businesses that are predominant in capitalist economies, in which most of them are privately owned and formed to earn profit to increase the wealth of their owners National Public Radio (NPR) & Federal Home Loan Banks - correct answer Examples of businesses that are no...

MIS 301 Exam 1 with complete solutions (16)