CSCI final exam Questions and Correct
Verified Answers
Information Systems are how business is done.
✓ true
The definition for Information systems: They are interrelated components that
✓ 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.
✓ Pervasive Network Connectivity
✓ Data Science
✓ The proliferation of Mobile Devices
✓ Cloud Computing
Information Systems Enable Business through:
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✓ Business process automation
✓ Customer engagement
✓ Productivity
✓ Decision making
✓ Communications
Uber, AirbNb, and GrubHub are all examples of companies with this type of business
model.
✓ Network Orchestration
What technologies were present in the "Future of Farming" video?
✓ Robotics
✓ Drones
✓ Self-driving vehcles
✓ Data Analytics
Performing a SWOT analysis may help a company understand that more investment is
needed in information systems.
✓ True
An Income Statement is like a banking balance, or your cumulative GPA. It does not
reset at the beginning of each year.
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✓ False
Vision Statement
✓ Describes an organization as it would appear in the future successful state
Mission Statement
✓ Explains the organization's reason for existence
Describes what an organization believes in and how it will behave
✓ Value Statement
When leveraging information systems:
✓ 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
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The Balance Sheet is a fundamental accounting document that provides an overview
(snapshot) of a company's assets, liabilities, and equity.
✓ True
If two competing products are offered by two different companies, the cheapest
product will always have a competitive advantage.
✓ False
Enterprise Information Systems supports the entire process, not just one part of the
process.
✓ True
Select all the challenges of implementing ERP that were discussed in class.
✓ Costly
✓ Does not guarantee success
✓ Data Migration
IS capabilities can influence business value
✓ True
SAP is an example of an Enterprise Information System
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