Exam 1: Doing Business in Digital Times

The three components of a ________.are inputs,activities,and deliverables.

Food manufacturers must be able to trace all ingredients ________ in case of contamination or recall.

By adding bar codes to trucks,utility meters,heart monitors,vending machines,and other equipment they sell,companies can track and manage their products remotely.

_____________ are specialized software,capabilities,and components all geared toward exploring huge volumes of data to provide greater insight.

________ is the time required to complete a given process.

An estimated ________ % of big data are unstructured.

Big data are what high-volume,mostly text data are called.

List and explain the five industry (market)forces in Michael Porter's competitive forces model.

IT creates barriers to entry that help reduce the threat of entry.

IT job growth is estimated at ________ by 2018,according to the U.S.Department of Labor;and salaries in many IT jobs will increase by up to 6%.

What are the basic components of business processes?

In the simplest terms,a process consists of activities that convert inputs into outputs by doing work.

To maintain competitiveness,companies need IT __________ in order to easily scale up or down IT capacity as needed.

Dropbox,Gmail,and Google Drive are services accessible via the Internet and examples of ________

According to Porter's strategic planning model,an industry's profit potential is largely determined by the intensity of __________ forces within the industry.

________ are data visualizations that display the current status of key performance indicators in easy-to-understand formats:

Understanding IT trends that affect the ways business is done and getting in front of those trends give you a career edge.

Elapsed time is the time required to complete a given process.

__________ is a series of processes in which an organization selects and arranges its businesses or services to keep the organization viable (healthy or functional)even when disruptions occur.

_________ defines the plan for how a business will achieve its mission,goals,and objectives.