Exam 1: The Information Age in Which You Live: Changing the Face of Business

Which of the following has the highest threat of substitution?

Management information systems deal with the use of information technology tools to help people perform tasks related to information processing.

The _____ is the hardware that interprets and executes the system and application software instructions and coordinates the operation of all the hardware.

Information refers to ____.

Which of the following is an IT-enabled revenue increment initiative?

_____ is the total of all costs that you incur whether or not you sell anything.

Hardware consists of the instructions executed by the computer to complete a specific task.

A(n)_____ is a product or service feature that customers have come to expect from organizations in a particular industry and that must be offered by an entering organization to compete and survive.

Which of the following is true of ethics?

_____ is defined by Porter as offering the same or better quality product or service at a price that is less than what any of the competition is able to do.

Technology helps reduce fixed costs though crowdsourcing.

Which quality attribute of information addresses the credibility of information?

_____ is a significant impact on gaining market share by being the first to market with a competitive advantage.

All the generic strategies defined by Porter can be practiced in isolation.

_____ is collective information that gives you the ability to make effective,important,and often strategic decisions.

_____ refers to the extent of detail within the information.

The "run" strategy in the RGT framework is similar in many ways to which of Porter's generic strategies?

_____ information describes the environment surrounding the organization.

Information exhibits high quality only if:

A bank in trying to decide the interest rate to offer on a CD,checks a Web source what rates other banks are offering.This information is considered as ____.