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MIS 301 Final Question and answers 100% correct 2024 Some of the radical changes brought about by new technologies include: - correct answer the creation of an unprecedented set of security and espionage threats. Tech firms are among the best performing firms in the world. According to the ch...

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MIS 301 Final
Some of the radical changes brought about by new technologies include: -
correct answer ✔the creation of an unprecedented set of security and
espionage threats.


Tech firms are among the best performing firms in the world. According to the
chapter, which firm was recognized as being both the most valuable firm in
the US as well as the most profitable - correct answer ✔Apple


Another reason fueling the boom in fast-growing technology services is
_____, which, when done right, can virally spread awareness of a firm with
nary a dime of conventional ad spending. - correct answer ✔social media


According to the chapter, which statements apply to Palmer Lucky's founding
of Oculus? - correct answer ✔The firm was acquired by Facebook.
He raised money to build his product using a Kickstarter campaign.


Payal Kadakia founded ClassPass in her 20s. What does her firm focus on? -
correct answer ✔allowing customers to use multiple fitness providers


The _____ is a piece of U.S. legislation that raises executive and board
responsibility and ties criminal penalties to certain accounting and financial
violations. - correct answer ✔Sarbanes-Oxley Act


A company uses radio frequency identification (RFID) tags to keep track of its
inventory. This is an example of the impact of technology in the area of _____.
- correct answer ✔operations

,Crowdsourcing tools and question-and-answer sites, such as _____, allow
firms to reach out for expertise beyond their organizations. - correct answer
✔Quora


Steve Jobs was twenty-one when he founded - correct answer ✔Apple


The equivalent of a corporate directory can be pulled up via _____, a service
complete with discrete messaging capabilities that can allow competitors to
rifle-scope target your firm's best and brightest - correct answer ✔Linkedin


According to Harvard Business Review, "Leading a digital transformation?
Learn to ___" - correct answer ✔code


______ gained 700 million adherents in its first six years of existence. -
correct answer ✔Whatsapp


A report in Forbes suggests that what percent of firms are failing at digital
transformation? - correct answer ✔72%


Researchers in the US and China have showed an AI approach that
performed __________ major trading indices as well as traditional investment
portfolio allocation strategies. - correct answer ✔better than


Issues in intellectual property, privacy, and piracy are increasingly important to
firms, but were also cited in this chapter as especially relevant to creating new
opportunities for students who study technology in conjunction with - correct
answer ✔law


Which of the following is the dominant e-mail provider today? - correct
answer ✔Gmail

, _____ forces, which are also known as the Industry and Competitive Analysis,
are a popular framework for examining a firm's competitive environment. -
correct answer ✔Porter's Five


Which of the following is cited as a reason why some firms have grown quickly
while spending relatively little in advertising? - correct answer ✔viral
marketing


When a firm's financial performance consistently outperforms its industry's
peers, it can be said that the firm benefits from _____. - correct answer
✔sustainable competitive advantage


According to the text, platitudes such as _____________ can put firms
dangerously at risk. - correct answer ✔follow, don't lead


One of the most popular frameworks for examining a firm's competitive
environment is Porter's ______ forces. - correct answer ✔five


Firms like Blockbuster, Sotheby's, and Barnes & Noble were put at risk by
operating under the following platitude: - correct answer ✔follow, don't lead


Which of the following is one of the primary parts of the value chain? - correct
answer ✔outbound logistics


When one party has more or better information than its counterparty, the
decision situation is called a(n) - correct answer ✔information asymmetry


When a firm performs the same tasks better than its rivals, it is known as ____
effectiveness. - correct answer ✔operational

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