Final Exam

Question 1

True/False: A fully digital firm produces only digital goods or services?

Answer 1

False

Question 2

True/False: Most MIS’s use sophisticated mathematical models or statistical techniques?

Answer 2

False

Question 3

True/False: In the strategy of product differentiation, information systems are used to enable new products/services

Answer 3

True

Question 4

True/False: The term business ecosystem describes the interplay between the various organizational forces within a firm?

Answer 4

False

Question 5

True/False: Developing a new product, fulfilling an order, and hiring a new employee are examples of business processes?

Answer 5

True

Question 6

True/False: IT infrastructure consists of just those physical computing devices required to operate an enterprise?

Answer 6

False

Question 7

True/False: A transparent marketplace means that there is high product differentiation?

Answer 7

False

Question 8

True/False: Each characteristic or quality describing a particular entity is called an attribute?

Answer 8

True

Question 9

True/False: A hotel reservation system is a typical example of a management information system?

Answer 9

False

Question 10

True/False: A DBMS separates the logical and physical views of data?

Answer 10

True

Question 11

True/False: A business model describes how a company produces, delivers and sells a product or service to create wealth?

Answer 11

True

Question 12

True/False: A data warehouse may be updated by a legacy system?

Answer 12

True

Question 13

True/False: A hub is a networking device that connects network components and is used to filter and forward data to specified destinations on the network?

Answer 13

False

Question 14

True/False: Customers are one of the competitive forces that affect an organizations ability to compete?

Answer 14

True

Question 15

True/False: A transaction processing system is a computerized system that performs and records the daily routine transactions necessary to conduct business?

Answer 15

True

Question 16

The strength of cloud computing and the growth of the mobile digital platform allow organizations to rely more ________

Answer 16

on telework, remote work, and distributive decision making

Question 17

According to agency theory, the firm is viewed as a(n):

Answer 17

“nexus of contracts” among self-interested individuals

Question 18

_______ processes are accomplished through digital networks spanning the entire organization or linking multiple organizations.

Answer 18

Core Business

Question 19

Which of the following types of system helps coordinate the flow of information between the firm and its suppliers and customers?

Answer 19

Extranet

Question 20

Network Economics:

Answer 20

sees the cost of adding new members as inconsequential.

Question 21

A firm can exercise greater control over its suppliers by having:

Answer 21

Fewer suppliers

Question 22

A manufacturer of deep-sea oil rigs may be least concerned about this marketplace force.

Answer 22

New Market Entrants

Question 23

Software that manages the resources of the computer is called:

Answer 23

operating system software

Question 24

As referred to in the text, legacy systems are:

Answer 24

traditional mainframe-based business information systems

Question 25

A field identified in a table as holding the unique identifier of the table's records is called the:

Answer 25

primary key

Question 26

Data management technology consists of the:

Answer 26

software governing the organization of data on physical storage media

Question 27

A ______ is owned and maintained by a cloud service provider, such as AWS, and made available to the general public or industry groups.

Answer 27

Public Cloud

Question 28

A data warehouse is composed of:

Answer 28

historic and current internal data

Question 29

The emergence, for Amazon.com, of new competitors in the sphere of online shopping illustrates what disadvantage posed by the use of information systems to achieve competitive advantage?

Answer 29

Internet technologies are universal, and therefore usable by all companies.

Question 30

A DBMS reduces data redundancy and inconsistency by:

Answer 30

Minimizing isolated files with repeated data.