Exam (elaborations)
Exam 1 (4).
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Exam of 5 pages for the course Chapter 5: Time Value of Money at Chapter 5: Time Value of Money (Exam 1 (4).)
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Exam 1Transaction Processing Systems (TPS) are very modern and intricate information systems. -
ANS-false
Enterprise Resource Planning (ERP) systems are designed to integrate and manage all of the
different business units that comprise an organization such as human resources, accounting,
manufacturing, finance, and supply-chain management. - ANS-true
The relationship of multiple data points is called "information." - ANS-true
The applications that can be run on the computer system, including the operating system, are
known as "hardware." - ANS-false
The physical components that make up the computer system such as the processor, physical
storage (hard drive), memory (RAM), and the network card are collectively known as "software."
- ANS-false
Software are the physical components that make up the system such as the processor, physical
storage (hard drive), memory (RAM), and the network card. - ANS-false
Technology is an ensemble of computer hardware and software that collects, stores, processes,
and manipulates data. - ANS-false
Data, in and of itself, does not convey information. - ANS-true
A data set is an application that stores data. - ANS-false
Contextual interdependence and understanding increase as data is transformed into information
then knowledge and wisdom. - ANS-true
You can filter results from the LionSearch tool by whether or not they are available online. -
ANS-true
Information systems can contribute to sustainable competitive advantage by increasing
operational efficiency. - ANS-true
The failure of information systems is often rooted in organizational cultural issues. - ANS-true
Moore's Law predicts that computing power will double every 28 months. - ANS-false
, Moore's Law predicts that computing power will double every 18 months. - ANS-true
AND, OR, and NOT are called Boolean operators and they can be used to improve the quality
of a query. Which of the following is NOT true? - ANS-AND links similar concepts or ideas.
Information systems are not a source of competitive advantage because they can become a
commodity very quickly. - ANS-true
Which of the following is not one of the reasons Markus and Benjamin include as reasons IT
projects fail? - ANS-Users can provide input throughout the design process
With regards to new technologies, Nicholas Carr says that a company should focus on
vulnerabilities, not opportunities. - ANS-true
Implementing information systems MAY produce a sustainable competitive advantage when
done in conjunction with other organizational changes, such as pricing power, barriers to entry,
or product differentiation. - ANS-true
Cloud computing is only used for business applications. - ANS-false
There are two general types of software: operating systems and applications. - ANS-true
Microsoft Windows, Apple's OS X, and Linux are the three most heavily used operating systems
for desktops and laptops. - ANS-true
Business and technology roles are slowly beginning to overlap. - ANS-true
"New Data" is the overarching concept that organizations have information storehouses that are
so large they cannot be practically managed. - ANS-false
Which executive in an organization is responsible for protecting the data within a company as
an asset of the firm? - ANS-Chief Data Officer (CDO)
Netflix is an example of a cloud application. - ANS-true
Which executive in an organization is responsible for the physical security within a firm? -
ANS-Chief Security Officer (CSO)
Hardware is the written program that tells a computer how to operate. - ANS-false
Google Docs is an example of a cloud application. - ANS-true
Communication is not an important part of systems development. - ANS-false
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