Exam 1: Information Systems in Perspective

An organization can have only one value chain.

Michael Porter proposed a now widely accepted competitive forces model that includes _____ forces.

Define organizational change.What is Leavitt's diamond?

The _____ is the number of years required to recover the initial cost of an investment.

Introducing new products and services periodically or frequently helps a firm gain competitive advantage.

Briefly distinguish between data,information,and knowledge.

Define the term information system and briefly identify its fundamental components.

_____ is a newer form of virtual reality that has the potential to superimpose digital data over real photos or images.

A(n)_____ can replace many applications with one unified set of programs,making the system easier to use and more effective.

Electronic business (e-business)goes beyond e-commerce and e-procurement by using information systems and the Internet to perform all business-related tasks and functions.

An approach to work called _____ enables people to work from home or while traveling.

A(n)_____ is a significant and ideally long-term benefit to a company over its competition,and can result in higher-quality products,better customer service,and lower costs.

The _____ takes into account the fact that a dollar today is worth more than a dollar paid in the future.

The World Wide Web (WWW)is a network of links on the Internet to documents containing text,graphics,video,and sound.

The time value of money is one of the factors taken into account for the calculation of payback period.

_____ is responsible for implementing a new information systems required to support an organization's existing and future business needs.

In information systems,_____ means converting or transforming data into useful outputs.

Typically,highly competitive industries are characterized by high degrees of product differentiation.

Information and data are essentially the same thing.

The shorter the payback period,the more attractive is the project.