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

mis 301 midterm 1 Questions with complete solution 2024 Network Effects/Metcalfe's Law/Network Externalities - correct answer When the value of a product or service increases as its number of users expands platforms - correct answer products and services that allow for the development and integration of software products and other complementary goods, effectively creating an ecosystem of value-added offerings examples of platforms - correct answer Windows, iOS, Kindle value deri...

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 Midterm 1 Question and answer rated A+ 2024 T/F: The rise of open source software has lowered computing costs for startup and blue-chip companies worldwide - correct answer true T/F: Data analytics and business intelligence are driving discovery and innovation - correct answer true T/F: Facebook was founded by Sergey Brin - correct answer false T/F: Many of the careers in marketing are highly tech-centric - correct answer true T/F: Firms are increasingly shifting sp...

MIS 301 Midterm Exam 1 Question and answers 100% correct 2024 Information Technology - correct answer Any computer based tool that people use to work with info and to support the info and info processing needs of an org Information Systems - correct answer Collects, processes, stores, analyzes and disseminates info for a specific purpose Computer Based Info Systems - correct answer Getting the right info to the right people at the right time in the right amount and in the right form...

MIS 301 Midterm Question and answers already passed 2024 Five components of IS: - correct answer 1. Computer hardware 2. Software 3. Data 4. Procedures 5. People IT is comprised of - correct answer Hardware Software Data Groupware & Enterprise Collaboration - correct answer 1. Social Networking Communications Tools 2. Electronic Communications Tools 3. Electronic Conferencing Tools 4. Collaborative Work Management Tools Tacit Knowledge - correct answer knowledge that...

IS 301 UNR Midterm 1 Review Describe Purpose of Electronic Data Interchange (EDI) ️️used to conduct business transaction online and automatically, Knowledge Worker ️️Specific Skill workers; software engineer Production Worker ️️Stand on the worlds assembly lines; structured tasks Service Worker ️️Deliver the products; Salesman Strategic strategies of Information systems ️️Reduce cost through operational excellence Streamline and improve the supply chain impro...