Exam 1: Information Systems in the 2010s

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A(n)__________ collects,processes,stores,analyzes,and distributes information for a specific purpose or objective.

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A SWOT model spells out how a company creates or adds value in terms of the goods or services it produces.

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An organization's __________ addresses questions such as,"What is the long-term direction of our business?"

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During SWOT analysis,there is usually agreement among managers because SWOT analysis is objective,forward-looking,and data-driven.

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A batch system is an IS that provides fast enough access to information or data so that an appropriate decision can be made,usually before data or situation changes.

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In order to manage performance,a fundamental requirement is __________.

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ISs have a purpose and a social or organizational context.

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__________ activities are those business activities through which a company produces goods.Examples of those activities are purchasing materials,processing materials,and delivery of products to customers.

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What has made location practically irrelevant to doing business?

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Which of the following is not a component of an information system?

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How a company generates revenue from its assets is referred to as its __________.

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__________ is a series of processes in which an organization selects and arranges its businesses or services to keep the organization viable even when unexpected events disrupt its businesses,markets,products,or services.

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_________ are valuable to businesses because they can connect,communicate,collaborate,and do commerce on-demand,in real-time,and at a distance.

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Facebook's rapid growth and its ranking as number one is an interesting and informative business case because:

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Widespread adoption of new technology is going to __________ the usual way business is done.

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Why are companies,such as Monsanto and Wells Fargo,willing to invest in the building of new data centers?

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Basic functions of an IS are:

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Business models include a __________,which is an analysis of the benefits of using the specific model.

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According to Porter's competitive forces model,Apple,Microsoft,and auto manufacturers have strong bargaining power as suppliers because their brands are powerful.

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Some types of IT,such as databases and network services,are commodities,which do not provide a special advantage.

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