Cob 204 - Study guides, Class notes & Summaries

______ are formally defined, standardized processes that involve day-to-day operations. Ans Structured Process ________ are flexible, informal, and adaptive processes that normally involve strategic and less specific managerial decisions and activities. Ans Dynamic Processes Which of the following workgroup processes is related to sales and marketing? a. lead tracking b. accounts receivable c. order management d. customer support Ans Lead Tracking Which of the following workgroup pro...

COB 204 Final Exam Latest 2023 with Verified Answers Explain the difference between data versus information - Data: an elementary description of things, events, activities, and transaction that are recorded, classified, and stored but are not organized to convey and specific meaning - Information: Data that have been organized so that they have meaning and value to the recipient Explain information system concepts including input, processing, and output - input : Materials, services, and inform...

Jan is deciding on ordering inventory for the next two months for her auto parts store. She is using historical sales data from previous years for this time period and projected demand from her industry trade group. Jan is making her decision primarily as a(n) ________________ decision. A) structured B) unstructured C) personal D) irrational correct answers A Structured decision making has the following characteristics: A) the decision is very quantifiable B) the decision is very predic...

According to the table in the Syllabus, which of the following groups of items are typically considered Homework Assignments? Exams, Projects, Papers Business Intelligence Tests None Correct! Readings, Online Quizzes, Access Project, Sharepoint Project correct answers Readings, Online Quizzes, Access Project, Sharepoint Project How many exams are scheduled for this course? 1 2 3 4 correct answers 3 On what day is the Final Exam for this course scheduled? Thursday...

Criteria for Successful Collaboration - ️️successful outcome, growth in team capability, meaningful and satisfying experience Metcalfe's Law - ️️the value of a network is equal to the square of the number of users connected to it Minimal Collaboration Tool Set - ️️Has the minimum possible set of tools. You should be able to collaborate with your team, though you will get little support from the software. Ex: email or file server Nielsen's Law - ️️network connection s...

COB 204 Final Exam Study Guide 2023 Actual Questions and Answers Complete

Non-Routine Skills - ️️Abstract Reasoning System Thinking Collaboration Experimentation What is the goal of MIS? - ️️uses information systems to create a sustainable competitive advantage What makes something good information? - ️️requires that data be accurate and timely What is an information system? - ️️the assembly of hardware, software, data, procedures and people Five Component Framework - ️️elements and concept of moving activity from people to computers Wh...

Porter's Five Forces - ️️threat of entry threat of substitute supplier power buyer power competitive rivalry Threat of New Entry - ️️Time and cost of entry Specialist knowledge Economies of scale Cost advantages Technology protection Barriers to entry Primary activities in the value chain - ️️Direct activities of producing, selling and delivering outputs Secondary activities in the value chain - ️️are not directly involved in the evolution of a product but instea...

COB 204 JMU TEST 1 QUESTIONS WITH ANSWERS VERIFIED AND GRADED A+. COB 204 JMU TEST 1 QUESTIONS WITH ANSWERS VERIFIED AND GRADED A+ COB 204 JMU TEST 1 QUESTIONS WITH ANSWERS VERIFIED AND GRADED A+. COB 204 JMU TEST 1 QUESTIONS WITH ANSWERS VERIFIED AND GRADED A+. COB 204 JMU TEST 1 QUESTIONS WITH ANSWERS VERIFIED AND GRADED A+. COB 204 JMU TEST 1 QUESTIONS WITH ANSWERS VERIFIED AND GRADED A+. COB 204 JMU TEST 1 QUESTIONS WITH ANSWERS VERIFIED AND GRADED A+. COB 204 JMU TEST 1 QUESTIONS WITH ANSW...

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