MIS 180 STUDY GUIDE QUESTIONS WITH ALL CORRECT ANSWERS
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Course
MIS 180
Institution
MIS 180
MIS 180 STUDY GUIDE QUESTIONS WITH ALL CORRECT ANSWERS
What kind of device allows entering info and commands? - Answer-Input Device
What kind of device allows you to see, hear, or recognize the results of info? - Answer-Output Device
What kind of device allows you to connect to an outsi...
MIS 180 STUDY GUIDE QUESTIONS
WITH ALL CORRECT ANSWERS
What kind of device allows entering info and commands? - Answer-Input Device
What kind of device allows you to see, hear, or recognize the results of info? - Answer-
Output Device
What kind of device allows you to connect to an outside device? - Answer-Connecting
Device (Flash drive)
What kind of device allows you to Send and Receive information? - Answer-
Telecommunications Device
Software - Answer-Set of Instructions
RAM - Answer-Holds information and instructions while they are being processed.
How is RAM different from a CPU? - Answer-CPU processes data
RAM only holds data
What does Porter's Five Forces Model Focus on? - Answer-Assessing your competition
and the pressures facing them, your industry, and you. (Competitive Forces)
3 Competitive Forces - Answer-- Buying and Selling Power
- Threat of Substitute Products
- Rivalry among Existing Competitors
What is the goal of most businesses? - Answer-Reduce it's customers' Buying Power
What would be giving a complete picture of customer ages?
- BI
- Customer Breakdown
- Database
- Information - Answer-Information
Upward flowing info flows from: - Answer-Operations to Management
Downward flowing info flows from: - Answer-Management to Operations
, You make a unique industry Web site for your clients that allowed them to build virtual
communities with other customers by sharing knowledge, how would you be enhancing
your competitive strategy? - Answer-Differentiation
You make a new text messaging system for high school students that had a panic
feature so that, for instance, a message changed when a police-man were close by.
How would you be enhancing your competitive strategy? - Answer-Focus
You make a text messaging system that allows users to send more messages for less
money, how would you be enhancing your competitive strategy? - Answer-Overall cost
leadership
IT - Answer-Set of tools to work with and process information. IT is a component of MIS
What does MIS (Academic field of study) deal with? - Answer-Deals with:
Planning for IT
Development of IT
Management,
Use of IT.
It's a business discipline that deals with the use of IT.
Overarching Function of MIS? - Answer-To create and sustain a 'Competitive
Advantage'
What does your business need to be successful? - Answer-Intellectual Assets and IT
systems capable of Capturing, Organizing, and Disseminating these assets.
How is it different when YOU buy technology vs. when a COMPANY buys technology? -
Answer-YOUR purchase is based on 'Money Availability'
While a COMPANY's purchase is based on 'Competitive Advantage'
How do you ensure that your business maintains a competitive edge when buying IT? -
Answer-IT needs to be geared towards enabling innovation and moving to new markets.
Focus of MIS - Answer-Tasks related to information processing and management.
Key resources of MIS: - Answer-1. People (most important)
2. Information
3. Technology (least important)
First-Mover Advantage - Answer-Gaining lots of market shares from 'First to Market'.
= Competitive Advantage. ex. Apple and the iPod
Primary concerns for best returns on IT investments? - Answer-Reduce Cost Without
Sacrificing Quality
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