A Transaction processing file correct answers Capture and store business transaction details for use in updating the database
Publishers of traditional printed books decide to also publish an e-‐book version, a careful financial analysis reveals that this action: correct answers Changes the br...
CIS 2010 Test 1 Lab || 100% ACCURATE SOLUTIONS!!
A Transaction processing file correct answers Capture and store business transaction details
for use in updating the database
Publishers of traditional printed books decide to also publish an e-‐book version, a careful
financial analysis reveals that this action: correct answers Changes the breakeven point
Wiley Plus correct answers WileyPlus is an online learning environment for CIS 2010 that is
geared to the required course text: Introduction to Information Systems (Rainer and Prince).
It is designed to aid and enable you to self-‐test your understanding of the contents of each
section of the book.
The Orion Adapative Learning system not only do measurably better than those who do not,
they tend to the students who earn As and Bs in the course.
Financial model correct answers test varying levels of revenue, cost, and profit levels for the
company
BREAKEVEN POINT correct answers where costs and sales revenue are equal
Wholesale Price * Quantity) - (Total Variable Costs per Unit * Quantity) - Total Fixed Costs
=0
(Breakeven) Quantity = Total Fixed Costs .
Wholesale Price - Total Variable Costs per Unit
CONTRIBUTION MARGIN correct answers the difference between selling price and
variable costs—the amount that goes toward covering fixed costs.)
Relative copy correct answers the spreadsheet automatically adjusts the cell references
Absolute copy correct answers The specific cell reference is retained in the formula when it is
copied.
Formulas will include an absolute copy of any reference to the cell containing that cost. That
is, it should be "frozen."
Perform absolute copy correct answers -Using $ in front of the row number, freezes the row
reference.
-$ in front of the column letter freezes the column
-Using $ in front of the row and $ in front of the column freezes both the row and column
reference.
-$B$11 means that absolute addressing for both the column and the row
-$B11 means that absolute addressing for the column, but relative addressing for the row.
-B$11 means that absolute addressing for the row, but relative addressing for the column.
-B11 means that no absolute addressing for both the row and the column
WHAT IF SENSITIVITY ANALYSIS correct answers Once the model completed, the
power of spreadsheets becomes evident though their use in conducting "what if" analysis. By
varying factors or variables of interest that could change in a given situation, the spreadsheet
will immediately show the impact of a change throughout the model.
, Business strategy correct answers The area or segment of a market in which a company seeks
to offer its products or services
Competitive Advantage correct answers Any asset that provides an organization with an edge
against its competitors in some measure such as cost, quality,speed
Competitive Strategy: correct answers A statement that identities a business's approach to
compete, its goals, and the plans and policies that will be required to carry out those goals.
Strategic role of information systems correct answers o Information systems may enable the
enterprise to enter businesses and markets, gain an advantage, and achieve its goals and
objectives in the markets in which it has chosen to compete
o Enter a good business
o Gain an advantage in that business
o What is strategy? It's about choosing
o When something is strategic, then you're thinking about the bigger picture, long-term, and
beyond operations; choosing the direction and the future of the company/enterprise; find a
need and fill it.
o Business strategy- strategy that sets out to achieve its desired ends and objectives based on
what type of business an enterprise is in.
Five forces model for industry analysis correct answers ♣ New competitors will enter your
market is high when entry is easy and low when there are significant barriers to entry
• Entry barriers- product or service geature that customers have learned to expect from
organizations in a certain industry; ex: pay at pump service at a gas station, license to serve
alcohol in a bar, etc.
• Web increase the threat that new competitors will enter the market because it sharply
reduces the traditional barriers to entry like a sales force. Also increase barriers to entry like a
package tracking number is expected from most customers. Therefore other companies must
follow in order to compete with others
♣ Bargaining power of suppliers
• Supplier power is high when buyers have few choices from whom to buy and low when
buyers have many choices
• Organizations would rather have more potential suppliers so they will be in a stronger
position to negotiate price, quality, and delivery terms
♣ Bargaining power of buyers
• Buyer power is high when buyers have many choices from whom to buy and low when
buyers have few choices
• Ex: few locations where students could purchase textbooks and thus students had low buyer
power before. But due to the Web, students can access to different potential suppliers as well
as detailed info about the books. Thus the student buyer power has increased
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