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OMIS 350 Baldwin Test 1 Personal correctly answered to pass
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OMIS 350 Baldwin Test 1 Personal correctly answered to pass
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OMIS 350 Baldwin Test 1 PersonalHow are information systems transforming business? - correct answer ✔✔1. Emerging mobile digital
platforms (Cell/laptop/ipad)
2. Growing Business use of "big data"
3. Growth in Cloud Computing(store info/share files)
Is the firm digital? - correct answer ✔✔1. Relationships digitally enabled
2. Core Business accomplished through digital networks
3. Key Corporate Assets managed digitally (Trade secret, patent, copyright)
Digital firms offer greater flexibility in organization and management by - correct answer ✔✔time
shifting and space shifting
Ability to use information technology and implement corporate strategies and achieve corporate goals
suggests a - correct answer ✔✔Growing interdependence
What is a digital firm? - correct answer ✔✔Nearly all the organization's significant business relationships
with customers, suppliers, and employees are digitally enabled and key corporate assets are managed
through digital means
Why do Business firms invest heavily in information? - correct answer ✔✔to achieve six strategic
business objectives
What are the six strategic business objectives? - correct answer ✔✔1. Operational Excellence
2. New Products, Services, and business models
3. Customer and supplier intimacy
4. Improved decision making
5. Competitive advantage
6. Survival
, Operational Excellence - correct answer ✔✔Improvement of efficiency to attain higher profitability.
Different information systems/technology. Ex... Walmart's retail link that links suppliers to stores for
replenishment
New Products/Services/Business models - correct answer ✔✔Describes how company produces ,
delivers, and sells product or service to create wealth
Customer and Supplier Intimacy - correct answer ✔✔Getting to know customer through computer
tracking (Hotels and JCPenny)
Improved decision making - correct answer ✔✔Real time data on customers complaints, network
performance, line outage, and so on
Competitive Advantage - correct answer ✔✔1. Delivers better performance
2. Charging less for better product
3.Responding to customers and suppliers real time
Survival - correct answer ✔✔information tech as necessity of business (ATM)
Information System - correct answer ✔✔1. Set of interrelated components
2. *Collect, process, store, and distribute info*
3. Support decision making, coord, and control
Information Vs Data - correct answer ✔✔Data are streams of raw facts (what theyre ordering),
information is data shaped into meaningful form
When is Data useful? - correct answer ✔✔Once it becomes information
Three activities of information systems produce information organizations need - correct answer
✔✔Hardware performs input and output. Software Performs Processing. Processig converts raw data
into a more meaningful form
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