Questions and CORRECT Answers
Information Systems are how business is done. - CORRECT ANSWER✔✔- true
The definition for Information systems: They are interrelated components that - CORRECT
ANSWER✔✔- Support decision making, coordination, control, analysis, and visualization
Please select the four interrelated IS Trends that greatly improved business capability in the
last 3-5 years. - CORRECT ANSWER✔✔- Pervasive Network Connectivity
Data Science
The proliferation of Mobile Devices
Cloud Computing
Information Systems Enable Business through: - CORRECT ANSWER✔✔- Business
process automation
Customer engagement
Productivity
Decision making
Communications
Uber, AirbNb, and GrubHub are all examples of companies with this type of business model.
- CORRECT ANSWER✔✔- Network Orchestration
What technologies were present in the "Future of Farming" video? - CORRECT
ANSWER✔✔- Robotics
Drones
Self-driving vehcles
Data Analytics
Performing a SWOT analysis may help a company understand that more investment is
needed in information systems. - CORRECT ANSWER✔✔- True
,An Income Statement is like a banking balance, or your cumulative GPA. It does not reset at
the beginning of each year. - CORRECT ANSWER✔✔- False
Vision Statement - CORRECT ANSWER✔✔- Describes an organization as it would appear
in the future successful state
Mission Statement - CORRECT ANSWER✔✔- Explains the organization's reason for
existence
Describes what an organization believes in and how it will behave - CORRECT
ANSWER✔✔- Value Statement
When leveraging information systems: - CORRECT ANSWER✔✔- IS should complement /
enable the company's strategy, mission/purpose
IS can benefit small, medium, and large businesses
IS utilization should be based upon need
The company must be able to sustain and support the information systems that it uses. $$$
and capability
The Balance Sheet is a fundamental accounting document that provides an overview
(snapshot) of a company's assets, liabilities, and equity. - CORRECT ANSWER✔✔- True
If two competing products are offered by two different companies, the cheapest product will
always have a competitive advantage. - CORRECT ANSWER✔✔- False
Enterprise Information Systems supports the entire process, not just one part of the process. -
CORRECT ANSWER✔✔- True
, Select all the challenges of implementing ERP that were discussed in class. - CORRECT
ANSWER✔✔- Costly
Does not guarantee success
Data Migration
IS capabilities can influence business value - CORRECT ANSWER✔✔- True
SAP is an example of an Enterprise Information System - CORRECT ANSWER✔✔- True
Enterprise Information Systems - CORRECT ANSWER✔✔- Encapsulate end to end
business processes
Supports the entire process
Provides cross-functional support
Achieves efficiency through business integration throughout the entire organization
ERP stands for Extremely Robust Planning - CORRECT ANSWER✔✔- False
Customer Relationship Management systems: - CORRECT ANSWER✔✔- Help manage
analyze customer interactions and data
Have a goal of improving customer service relationships
Assist in customer retention and driving sales growth
Which of the following are advantages of ebusiness - CORRECT ANSWER✔✔- Opening
new markets
Improving operations