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OIM210 Exam – Questions With Solutions (Guaranteed Pass!!)
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OIM210 Exam – Questions With Solutions (Guaranteed Pass!!)
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OIM210 Exam – Questions With Solutions (GuaranteedPass!!)
OIM in Finance Right Ans - -Tech can make some capital obsolete
-evaluate role of tech in firms in an investment portfolio
OIM in Accounting Right Ans - -reliabilty of audit/accounting softwM are is
based on technology
-increased regulation has led to more tech in accounting
-tech focused consulting
OIM in Marketing Right Ans - -tech to track consumer activity
-online buying/advertising
-social media
OIM in Human Resources Right Ans - -online job recruitment
-social media profiles (must be careful)
-tech is used for training
OIM in Law Right Ans - -tech has increased privacy concerns/new laws
made
-tech can help legal teams accomplish goals
IS careers Right Ans - -User interface design
-Consulting and field engineering
Central Tech Officer, Central Info Officer
Sarbanes-Oxley Act Right Ans - -A law passed by Congress that requires the
CEO and CFO to certify that their firm's financial statements are accurate.
-Raised accounting responisibilites and helped legally protect consumers
IOT Right Ans - network of non-tech objects embedded with technology
Reasons to take BI's Right Ans - -Tech advancement is making BIS more
important
-need to be able to apply tech into businesses
-job security
, 5 components of Info Systems Right Ans - hardware, software, data,
procedures, people
Organizational Strategies Right Ans - -cost leadership:Low cost/broad
market (Walmart)
-Differentiation: High cost/broad market (High End Stores)
-Focused Strategy: narrow market/can be low (Swest Airlines) or high
(Apple)
5 forces of industry competitveness Right Ans - -threat of new entrants
-bargaining power of buyers
-bargaining power of suppliers
-threat of substitute products
-rilvary among existing firms
Value chain Right Ans - -set of inter-related activites that bring
products/services to the market and is used by managers to identify
oppertunities for gaining competitive advantage
Business strategy (Triangle) Right Ans - vision of where a business wants
to go and how to get there (competitive strategy)
Operational Strategy (Triangle) Right Ans - how an organization is
designed and how it defines, coordinated and controls work practice
Information Strategy (Triangle) Right Ans - How a company plans to use
information systems and services
Zara Business Model Right Ans - -stock very little
-many small deliveries
Enterprise System IT evaluation Right Ans - Capabilities
-design/standardization/monitoring
Compliments
-Decision rights/interdependencies/Workflows
Responsibility
-selecting/adopting/exploiting
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