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MIST2090 Midterm Fall 2024 Questions With Complete Solutions
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MIST2090 Midterm Fall 2024 Questions With Complete Solutions
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MIST2090 Midterm Fall 2024 Questions With CompleteSolutions
"_____ innovation" refers to the process of creating something
new and valuable not by starting from scratch but instead by
putting together in new ways things that were already there
(perhaps with a few generally novel ingredients).
a. Combinatorial
b. None of these
c. Disrupted
d. Punctuated
e. Strategic Correct Answer Combinatorial
"How Companies Learn Your Secrets" told the story about how
Target tried to identify which of their shoppers were _____.
a. expecting a baby
b. None of these
c. about to get married for the first time
d. more wealthy than their average customer
e. likely to catch the flu this year Correct Answer expecting a
baby
"O2O" platforms are those that have:
a. A platform made of bits and offerings made of bits.
b. A platform made of bits and offerings made of atoms.
c. A platform made of atoms and offerings made of bits.
d. A platform made of atoms and offerings made of atoms.
Correct Answer A platform made of bits and offerings made of
atoms.
,A blockchain can be used to record transaction information to a
ledger that contains digital "_____ contracts."
a. atomized
b. None of these
c. slick
d. dumb
e. smart Correct Answer smart
A business model describes the rationale of how an organization
creates, delivers, and captures _____.
a. None
b. revenue
c. profit
d. value
e. customer segments Correct Answer value
A defining property of "_____ goods" is that their demand
curves interact very closely with one another (e.g., when the
price of one good goes down, the demand for another good
shifts outward).
a. Experience
b. None of these
c. Fungible
d. Complementary
e. Information Correct Answer Complementary
A defining property of "_____ goods" is that their demand
curves interact very closely with one another.
a. experience
b. None of these
c. fungible
, d. complementary
e. information Correct Answer complementary
A management information system is defined as an "organized
integration of hardware and software technologies, data,
processes, and human elements designed to produce timely,
integrated, relevant, accurate, and useful information for _____."
a. decision making purposes
b. value creation and delivery
c. engaging machines, platforms, and the crowd
d. business profits
e. None of these Correct Answer decision making purposes
According to Machine, Platform, Crowd, which of the following
careers is least likely to be affected by technological progress?
a. Warehouse workers
b. Medical diagnostics
c. High school football coach
d. Truck driver Correct Answer High school football coach
According to the authors of Machine, Platform, Crowd, if you
had an effective algorithmic model and a pool of human experts,
which would lead to a superior decision making outcome?
Assume that the algorithmic model and the pool of experts have
access to the same data.
a. The judgment of the human experts acting alone
b. Combining the judgment of human experts with the
algorithmic model
c. The algorithmic model acting alone Correct Answer The
algorithmic model acting alone
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