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MIS 200: Midterm Test| Quizzes and 100% Correct Verified Solutions
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MIS 200: Midterm Test| Quizzes and 100% Correct Verified Solutions
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MIS 200: Midterm Test| Quizzes and 100%Correct Verified Solutions
systems thinking - Answer A way of monitoring the entire system by viewing multiple
inputs being processed or transformed to produce outputs while continuously gathering
feedback on each part
management information systems - Answer A business function, like accounting and
human resources, which moves information about people, products, and processes
across the company to facilitate decision-making and problem-solving
chief information officer (CIO) - Answer Oversees all uses of IT and ensures the strategic
alignment
of IT with business goals and objectives
chief knowledge officer (CKO) - Answer Responsible for collecting, maintaining, and
distributing the
organization's knowledge
chief privacy officier (CPO) - Answer Responsible for ensuring the ethical and legal use of
information
chief security officer (CSO) - Answer Responsible for ensuring the security of IT systems
chief technology officer (CTO) - Answer Responsible for ensuring the throughput, speed,
accuracy, availability, and reliability of IT
, business strategy - Answer A leadership plan that achieves a specific set of goals or
objectives such as Developing new products or services ,Entering new markets,
Increasing customer loyalty , Attracting new customers, Increasing sales
competitive advantage - Answer A product or service that an organization's customers
place a greater value on than similar offerings from a competitor
first-mover advantage - Answer Occurs when an organization can significantly impact its
market share by being first to market with a competitive
advantage
SWOT analysis - Answer evaluates an organization's strengths, weaknesses,
opportunities, and threats to identify significant influences that work for or against
business strategies
Porter's Five Forces Model - Answer evaluating industry attractiveness
buyer power - Answer The ability of buyers to affect the price of an item
switching cost - Answer Manipulating costs that make customers reluctant to
switch to another product
loyalty program - Answer Rewards customers based on the amount of business they do
with a particular organization
supplier power - Answer The suppliers' ability to influence the prices they charge for
supplies
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