Final Exam Flashcards

1
Q

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

A

False

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2
Q

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

A

False

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3
Q

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

A

True

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4
Q

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

A

False

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5
Q

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

A

True

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6
Q

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

A

False

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7
Q

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

A

False

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8
Q

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

A

True

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9
Q

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

A

False

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10
Q

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

A

True

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11
Q

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

A

True

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12
Q

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

A

True

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13
Q

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?

A

False

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14
Q

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

A

True

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15
Q

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

A

True

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16
Q

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

A

on telework, remote work, and distributive decision making

17
Q

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

A

“nexus of contracts” among self-interested individuals

18
Q

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

A

Core Business

19
Q

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

A

Extranet

20
Q

Network Economics:

A

sees the cost of adding new members as inconsequential.

21
Q

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

A

Fewer suppliers

22
Q

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

A

New Market Entrants

23
Q

Software that manages the resources of the computer is called:

A

operating system software

24
Q

As referred to in the text, legacy systems are:

A

traditional mainframe-based business information systems

25
Q

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

A

primary key

26
Q

Data management technology consists of the:

A

software governing the organization of data on physical storage media

27
Q

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

A

Public Cloud

28
Q

A data warehouse is composed of:

A

historic and current internal data

29
Q

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?

A

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

30
Q

A DBMS reduces data redundancy and inconsistency by:

A

Minimizing isolated files with repeated data.