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MGT 268 - FALL 2015 > Midterm Review > Flashcards

Midterm Review Flashcards

1
Q

Reducing costs with E-Business

A

E-Businesses operate 24 hours a day, 7 days a week. This availability directly reduces transaction costs, since consumers no longer have to spend a lot of time researching purchases or traveling great distances to make them. The faster delivery cycle for online sales helps strengthen customer relationships, improving customer satisfaction and ultimately sales.

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2
Q

Firewall

A

Hardware and/or software that guard a private network by analyzing incoming and outgoing information for the correct markings

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3
Q

Acceptable Use Policy (AUP)

A

A policy that a user must agree to follow to be provided access to corporate email, information systems, and the internet

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4
Q

Strategic business making

A

IDK

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5
Q

Benchmarks

A

Baseline values the system seeks to attain

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6
Q

E-Business

A

Includes commerce along with all activities related to internal and external business operations such as servicing customer accounts, collaborating with partners, and exchanging real-time information

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7
Q

Critical Success Factor

A

The crucial steps companies perform to achieve their goals and objectives and implement their strategies:

  • Create high-quality products
  • Retain competitive advantages
  • Reduce product costs
  • Increase customer satisfaction
  • Hire and retain the best business professionals
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8
Q

Cloud computing

A

A model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction

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9
Q

MIS Business Consultants

A

IDK

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10
Q

Information Age

A

The present time, during which infinite quantities of facts are widely available to anyone who can use a computer

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11
Q

Competitive Intelligence

A

The process of gathering information about the competitive environment, including competitors’ plans, activities, and products, to improve a company’s ability to succeed

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12
Q

Confidentiality

A

The assurance that messages and information remain available only to those authorized to view them.

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13
Q

Data Analytics

A

IDK

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14
Q

Data Collection

A

IDK

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15
Q

Downtime

A

Refers to a period of time when a system is unavailable

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16
Q

Dynamic Scaling

A

Means that the MIS infrastructure can be automatically scaled up or down based on needed requirements

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17
Q

E-Waste

A

Refers to discarded, obsolete, or broken electronic devices

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18
Q

Moore’s Law

A

Refers to the computer chip performance per dollar doubling every 18 months

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19
Q

High availability

A

Occurs when a system is continuously operational at all times

20
Q

Information Security

A

IDK

21
Q

Security Policies

A

Identify the rules required to maintain information security, such as requiring users to log off before leaving for lunch or meetings never sharing passwords with anyone, and changing passwords every 30 days.

22
Q

Key Performance Indicators (KPI)

A

Quantifiable metrics a company uses to evaluate progress towards critical success factors

23
Q

Website Traffic

A

IDK

24
Q

Business Environment

A

IDK

25
Q

Performance Measure

A

How quickly a system performs a process transaction

26
Q

Privacy

A

The right to be left alone when you want to be, to have control over your personal possessions, and not to be observed without your consent

27
Q

Up time

A

IDK

28
Q

Market Share

A

The proportion of the market that a firm captures

29
Q

Organizational Structure

A

IDK

30
Q

Identity Theft

A

The forging of someone’s identity for the purpose of fraud

31
Q

Knowledge Worker

A

Individuals valued for their ability to interpret and analyze information

32
Q

Viruses

A

Software written with malicious intent to cause annoyance or damage

33
Q

E-business Model

A

A plan that deals how a company creates, delivers, and generates revenues on the internet

34
Q

E-commerce Model

A

IDK

35
Q

Business to Business Model

A

Applies to businesses buying from and selling to each other over the internet

36
Q

Information Reach

A

Measures the number of people a firm can communicate with all over the world

37
Q

Elements of systems thinking

A

IDK

38
Q

Click stream data metric

A

Exact pattern of a consumer’s navigation through a site

39
Q

Business model

A

A plan that details how a company creates, delivers, and generates revenues

40
Q

Information age

A

The present time, during which infinite quantities of facts are widely available to anyone who can use a computer

41
Q

Digital Darwinism

A

Implies that organizations that cannot adapt to the new demands places on them for surviving in the information age are doomed to extinction

42
Q

Competitive Intelligence

A

The process of gathering information about the competitive environment, including competitors’ plans, activities, and products, to improve a company’s ability to succeed

43
Q

E-business Revenue

A

IDK

44
Q

Porter’s 5 Forces

A 
Rivalry amongst existing competitors
Threat of substitute products or services
Supplier Power
Threat of new entrants
Buyer power
45
Q

Spyware

A

A special class of adware that collects data about the user and transmits it over the internet without the user’s knowledge or permission

46
Q

Sustainable Technology (MIS)

A

IDK

47
Q

4 Types of e-business

A

IDK

MGT 268 - FALL 2015 (1 decks)

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