Chapter 1, 2, & 3 Flashcards
The ______ Act is a piece of U.S. legislation that raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations.
Sarbanes-Oxley
Today’s job seekers are writing résumés with key words in mind, aware that the first cut is likely made by a database search program, not a human being.
True
Knowledge about information technology is relevant to business professionals in the following ways (among others):
a)
Finance professionals who are valuing merger-&-acquisition deals must understand how companies’ investments in, and use of, information technologies affect how much those companies are worth.
b)
Audit effectiveness increasingly depends on assessing the reliability of the information systems that audit clients use in recording, storing, and reporting their accounting numbers.
c)
Savvy firms are increasingly using social media to innovate, generate sales, and improve customer relationships, but are also aware of the power that the independent customer has to use the Internet to distribute brand-damaging information and commentary.
d)
In human resources, social-networking technologies offer new promise in such areas as recruiting and knowledge management, but they also pose challenges that include the potential for employees to make inappropriate and damaging disclosures.
all of the above
Technology experts in the area of process design:
leverage technology to make firms more efficient.
According to Michael Porter, the reason many firms suffer margin-eroding competition is because they have defined themselves according to strategic positioning rather than operational effectiveness.
False
Operational effectiveness is usually not enough to yield sustainable competitive advantage because:
technology can be easily acquired.
This is the set of activities through which a product or service is created and delivered to customers:
value chain
Commodities are products or services that vary across multiple vendors.
False
Leveraging consumers to promote a product or service is known as:
viral marketing
Potential sources of switching costs include:
a)
Users’ investments in learning how to use software.
b)
Data that a system accumulates about its users (e.g., profile data, preferences, purchase history).
c)
Search costs, in the sense that finding a new alternative costs time and often money.
All of the above
_____ Law is said to be at play when the value of a product or service increases as its number of users expands.
Metcalfe’s
Which of the following is one of Porter’s five forces?
Purchasing power parity of consumers
Availability of coopetitors in the market
Total cost of ownership
Strength of intellectual property laws
Potential new entrants
Potential new entrants
IT-initiatives can be successful and still be part of a failed business initiative
True
Firms that use contract manufacturers do not directly employ the workers who produce the requested goods.
True
_____ are critical for capturing sales data, and are usually linked to inventory systems to subtract out any sold items.
Point-of-sale systems
Social networks have broken down the _________ barrier of fear by helping many to connect and share information.
psychological
The proposition that next generation microprocessors, 18 months from now, should be twice as fast but cost the same as current models is called:
Moore’s Law
In the video entitled “Computer Programming in 5 Minutes,” Larry Wall likened a computer program to…
a recipe
The “five waves” that characterize the history and development of computing have come in the following sequence:
mainframes, minicomputers, PCs, Internet computing, ubiquitous computing
Electronic waste is expected to decrease with the rise of living standards worldwide
False
In grid computing:
a) Software placed on existing PCs or servers enables multiple machines to work together on common computing problems.
b) Supercomputing capacities can often be accomplished at much lower cost than the investment in an actual supercomputer.
c) The strategy takes advantage of the unused computing capacity of idle or under-utilized PCs.
d) all of the above
e) both a and b
d) all of the above
In the address http://www.rhsmith.umd.edu, the rhsmith part is most precisely considered:
the subdomain name
In regard to telecommunications bandwidth:
a) Bandwidth refers to data transmission speed, often expressed in bits per second.
b) “Broadband,” although it lacks a single precise definition, generally refers to high capacity last-mile technologies.
c) Among nations the United States leads in broadband access.
d) all of the above
e) both a and b
e) both a and b
identifies a resource on the Internet along with the application protocol required to retrieve it
URL
an application transfer protocol used in exchanging email among email servers
SMTP
the ability of a system to continue operation even if a particular component in the system fails
fault tolerance
a firm that provides hardware and services to run the Web sites of others
web hosting service
language used to compose Web pages
HTML
a distributed database that translates the host and domain names that a user enters into a Web browser into the actual IP address for the resource that the user is seeking
domain name service
transmission technologies that enable voice communications over the Internet
VoIP
refers to the fact that technologies that directly connect end-users to the Internet are typically the slowest part of the network
last mile problem
Most residential providers of cable technology use a system where neighbors share bandwidth.
True
It is feared that innovation might suffer as a result of the transition of Internet services from flat rate pricing to metered usage.
True
The principle that all Internet traffic should be treated equally is
Net Neutrality
