Practice Exam 1 Flashcards
According to Moore’s Law, the
number of transistors per square inch on an integrated chip doubles every 18 months
skill that is most likely to outsourced to the lowest bidder
accounting skills
A manager will essentially require ________ skills to test ideas clearly on a small scale, before taking bigger risks or committing significant resources to a larger project.
experimentation
Meredith constantly analyzes her work in terms of her individual contribution that she makes to the overall output of the organization. This shows her ________ skills.
systems thinking
Erin is a manager for a reputed software firm. She typically monitors and evaluates the existing working procedures of her subordinates. She constantly changes these working procedures so that they are consistent with the company’s resources. This shows her ability to ________.
experiment
An operating system like Windows or Linux is an example of the ________ component of an information system.
software
Adobe Acrobat is an application that allows users to create and edit digital documents. This is an example of ________.
software
A student fills an online admission form to register for a particular course. This is an example of the ________ component of the information system.
data
what pair of components constitutes the computer side of information systems?
hardware and software
What pair of components constitutes the human side of information systems?
people and procedures
It is generally more difficult to make changes to the ________ of an information system than to the database itself.
procedures
Identify a statement that differentiates information technology from information systems.
One can buy information technology, but not information systems.
what is a component of an information system but not part of information technology
people
description of information
knowledge derived from data
data should be a relationship between
the cost of data and its value
key difference between collaboration and cooperation
Unlike cooperation, collaboration emphasizes iteration and feedback.
A student team, which is assigned a term project, works together to achieve results. They provide continuous feedback to each other and thus, complete the project. Which of the following is being illustrated in this activity?
collaboration
Project leaders have to make decisions on the allocation and utilization of materials and labor. Such decisions are called ________ decisions.
managerial
an example of a strategic decision
deciding to open a centralized distribution system
key difference between strategic decisions and managerial decisions?
Managerial decisions concern allocation and utilization of resources, whereas strategic decisions concern broad organizational issues.
The directors of a company meet to decide if they should start a new product line or not. This is an example of a(n) ________ decision.
managerial
Identify a key difference between managerial decisions and operational decisions.
Managerial decisions concern the allocation of resources, whereas operational decisions concern day-to-day activities
An organization uses a formula to compute the reorder quantity of an item in inventory. This is an example of a(n) ________ decision process.
structured
example of a question that is best answered through unstructured decision making?
Should we continue to outsource our bookkeeping processes?
Identify a task that should be performed during the planning phase of project management.
determining the schedule
Project data is data that is ________.
part of the collaboration’s work product
According to Hackman’s three criteria for team success, which of the following IS requirements will be categorized under the growth in team capability criterion?
supporting intra-team training
Version management systems provide ________.
features and functions to accommodate concurrent work
example of comprehensive tool for communication?
Microsoft Lync
According to Hackman’s three criteria for team success, which of the following IS requirements will be categorized under the meaningful and satisfying experience criterion?
rewarding accomplishment
Project teams should document project results and information for future teams. Which of the following is the project management phase in which the teams perform this function?
finalizing
what factor determines the structure, features, and functions of an information system used in a company?
the competitive strategy
Porter’s five forces model is used to assess ________.
industry structures
A new drug that has shown promise in curing skin cancer has been discovered by a famous chemical laboratory. This is the only known drug effective for treatment of this disease. The laboratory obtains a patent for the product and decides to sell it. This situation is characterized by
low threat of substitutions
According to Porter’s five forces model, a group of grain farmers in a surplus year will have reduced ________.
bargaining power
Bargaining power of customers is likely to be the highest for markets involving ________.
industrial products
The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter’s five forces model, this statement illustrates ________.
high levels of rivalry
Dynotrix Motors is a large car-manufacturing company. The company purchases raw materials from many small-sized sellers across the globe. In this case, Dynotrix Motors is characterized by ________.
high bargaining power over its suppliers
Focused differentiation occurs when ________.
a better product is provided within an industry segment
Focused cost leadership is observed when a product has the lowest cost ________.
within an industry segment
Porter defined value as the ________.
amount of money that a customer is willing to pay for an offering
A retail company sells products such as agricultural produce and consumer products. The company procures materials from farmers and local producers. This process of obtaining the inputs needed for a business is called ________.
inbound logistics
Which value chain activity involves transforming raw materials into a finished product or service?
operations
Which value chain activity involves inducing buyers to purchase a product and providing a means for them to do so?
sales and marketing
Which value chain activity involves assisting users with handling of the products after sale, thus maintaining and enhancing the products’ value?
customer service
A ________ is a collection of something, such as data and raw materials.
repository
