Mis 301 - Study guides, Class notes & Summaries

MIS 301 Final Exam Practice Questions and answers correctly solved 2024Projects are said to be in analysis paralysis if so much time is spent ________. A. in the system definition phase of the systems development life cycle (SDLC) B. designing the system components C. documenting the requirements D. on project scheduling - correct answer Answer: C One of the major challenges in systems development is changing technology. A. True B. False - correct answer True For a new...

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 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...

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 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 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 Question and answers correctly solved 2024 information age - correct answer a period in history where the production, distribution, and control of information is the primary driver of the economy when did the information age begin? - correct answer 1970s digital revoluation - correct answer the conversation from mechanical and analog devices to digital devices Bell's Law - correct answer 1972, "not only would you change, but what you do and how you do it would also ch...

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...

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...

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...