Question 1

Bargaining power of suppliers. Bargaining power is high where the supplier or brand is powerful;
e.g., Apple, Microsoft, and auto manufacturers. Power is determined by how much a company purchases from a supplier. The more powerful company has the leverage to demand better prices or terms, which increase its profit margin.

Accepted Answer

The answer of Bargaining power of suppliers. Bargaining power is...

Question 2

Software as a Service SaaS) is considered one of the top 5 most influential ITs.

Accepted Answer

A) True 
 B)False

Question 3

Business Intelligence BI) is considered one of the top 5 most influential ITs.

Accepted Answer

A) True 
 B)False

Question 4

Cloud computing is cited in your textbook as being widely responsible for changing the nature of many IT jobs.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

The answer of According to Porter's strategic planning model, an...

Question 6

According to projections by the U.S. Bureau of Labor Statistics, prospects for IT jobs, in terms of salary and job growth between 2010-2010 are:

Accepted Answer

A)  Somewhat below average compared to other types of jobs. 
B)  About average compared to other types of jobs. 
C)  Above average compared to other types of jobs. 
D)  Difficult to project because of rapid changes in technology

Question 7

According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except:

Accepted Answer

A)  Competitive rivalry among firms existing in the industry 
B)  Bargaining power of suppliers 
C)  Bargaining power of customers or buyers 
D)  Technological IT) superiority

Question 8

Enterprise Resource Planning refers to a technology infrastructure that employs software modules for accounting, inventory management module, supply chain management and other mission critical business processes.

Accepted Answer

A) True 
 B)False

Question 9

Many of today's businesses are being run by employees on their own devices, rather than on equipment specified and purchased by the IT department. This is sometimes referred to as the consumerization of IT, but also known by the term:

Accepted Answer

A)  IT Fragmentation 
B)  Multiple IT Platform Network 
C)  Bring Your Own Device BYO
D)  
D)  Variable Equipment Infrastructure VEI)

Question 10

Collaboration and workflow tools are considered one of the top 5 most influential ITs.

Accepted Answer

A) True 
 B)False

Question 11

Price wars or other fierce reactions by competitors are examples of:

Accepted Answer

A)  Strengths 
B)  Weaknesses 
C)  Opportunities 
D)  Threats

Question 12

Enterprise Resource Planning ERP) refers to technology infrastructure and/or apps that support essential business processes and operations.

Accepted Answer

A) True 
 B)False

Question 13

Using a combination of mobile and database technology, Papa Romano's Pizza House keeps records of the pizza preferences of all its customers. Tommy likes ordering from Papa Romano's because when he calls, he just says "send me the usual" and hangs up. They already know where he lives, what kind of pizza he wants and what credit card to bill. The big increase in ordering and fulfillment efficiency represents an) _________________ for Papa Romano's.

Accepted Answer

A)  Operational Cost 
B)  Strategic Mission 
C)  Competitive Advantage 
D)  Structural IT component

Question 14

The __________________describes a network of equipment or devices connected to the Internet or networked via sensors.

Accepted Answer

The answer of The __________________describes a network of equipment or...

Question 15

Examples of productivity _________ include things like number of labor hours, amount of raw materials, and technology.

Accepted Answer

The answer of Examples of productivity _________ include things like...

Question 16

________________ is part of the strategic planning process where a firm identifies its strengths, weaknesses, opportunities and threats.

Accepted Answer

The answer of ________________ is part of the strategic planning...

Question 17

Cloud Computing is considered one of the top 5 most influential ITs.

Accepted Answer

A) True 
 B)False

Question 18

One disadvantage to the Internet of Things is that it reduces the amount of data available to companies about consumer behavior.

Accepted Answer

A) True 
 B)False

Question 19

Management of IT development would most likely be considered a primary activity in a business value chain.

Accepted Answer

A) True 
 B)False

Question 20

In the second part of the Information Age, technology is everywhere and the key challenge is to apply IT to gain ________________.

Accepted Answer

The answer of In the second part of the Information...

Exam 1: A Look Toward the

Software as a Service SaaS) is considered one of the top 5 most influential ITs.

Business Intelligence BI) is considered one of the top 5 most influential ITs.

Cloud computing is cited in your textbook as being widely responsible for changing the nature of many IT jobs.

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

According to projections by the U.S. Bureau of Labor Statistics, prospects for IT jobs, in terms of salary and job growth between 2010-2010 are:

According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except:

Enterprise Resource Planning refers to a technology infrastructure that employs software modules for accounting, inventory management module, supply chain management and other mission critical business processes.

Many of today's businesses are being run by employees on their own devices, rather than on equipment specified and purchased by the IT department. This is sometimes referred to as the consumerization of IT, but also known by the term:

Collaboration and workflow tools are considered one of the top 5 most influential ITs.

Price wars or other fierce reactions by competitors are examples of:

Enterprise Resource Planning ERP) refers to technology infrastructure and/or apps that support essential business processes and operations.

The __________________describes a network of equipment or devices connected to the Internet or networked via sensors.

Examples of productivity _________ include things like number of labor hours, amount of raw materials, and technology.

________________ is part of the strategic planning process where a firm identifies its strengths, weaknesses, opportunities and threats.

Cloud Computing is considered one of the top 5 most influential ITs.

One disadvantage to the Internet of Things is that it reduces the amount of data available to companies about consumer behavior.

Management of IT development would most likely be considered a primary activity in a business value chain.

In the second part of the Information Age, technology is everywhere and the key challenge is to apply IT to gain ________________.