Exam (elaborations)
ISYS 2 (1).
- Institution
- Chapter 5: Time Value Of Money
Exam of 10 pages for the course Chapter 5: Time Value of Money at Chapter 5: Time Value of Money (ISYS 2 (1).)
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ISYS 2Which statement is accurate for transaction-processing systems? - ANS-they focus on data
collection and processing
In using information technologies for a competitive advantage, which statement is true of a
bottom-line strategy?
a. It focuses on generating new revenue by offering new products and services.
b. It focuses on enhancing rivalry among existing competitors.
c. It focuses on helping different market segments achieve a cost advantage.
d. It focuses on improving efficiency by reducing overall costs. - ANS-d. It focuses on improving
efficiency by reducing overall costs.
Computer literacy is understanding the role of information in generating and using business
intelligence. True or False?
a. True
b. False - ANS-false
Which is a software component of a management information system (MIS)?
a. Application servers
b. Memory devices
c. Barcode readers
d. Commercial programs - ANS-commercial programs
Strategic information systems (SISs) focus on big-picture, long-term goals and objectives and
assist an organization or a decision maker to achieve them. True or False?
a. True
b. False - ANS-true
Michael Porter's Five Forces Model analyzes an organization, its position in the marketplace,
and how information systems could be used to make it more competitive. True or False?
a. True
b. False - ANS-true
Information technologies are used to gain a competitive advantage by doing all of the following
except:
a. Delivering timely and accurate information
b. Helping in reducing cost of operations
c. Providing business intelligence
d. Replacing all key decision makers in an organization - ANS-replacing all key decision makers
in an organization
, All of the following are among the future outlook of information systems except:
a. Hardware and software costs will continue to decline.
b. The computer literacy of typical information system users will improve.
c. Hackers will become more sophisticated.
d. All of these choices - ANS-all of these choices
The four Ms of resources in information systems are _____.
a. management, motivation, workforce, and monitoring
b. manpower, monitoring, movement, and modeling
c. materials, money, modeling, and monitoring
d. manpower, machinery, materials, and money - ANS-manpower, machinery, materials, and
money
All of the following are among the new IT-related jobs except:
a. Social media/online-community manager
b. Search engine optimization specialist
c. Systems analyst
d. Data scientist - ANS-system analyst
Choose the wrong answer:
a. The third generation of computers is identified by miniaturization.
b. The first generation of computers is identified by vacuum tubes.
c. The fourth generation of computers is identified by VLSI, personal computers, and optical
discs.
d. The second generation of computers is identified by transistors.
Hide Feedback - ANS-the third generation of computers is identified by miniaturization.
_______ means saving data in computer memory.
a. Syndication
b. Storage
c. Retrieval
d. Stream - ANS-storage
Choose the wrong answer:
a. The first generation of computer languages is machine language.
b. The third generation of computer languages is high-level language.
c. The fourth generation of computer languages is natural language processing.
d. The second generation of computer languages is assembly language - ANS-the fourth
generation of computer languages is natural language processing.
An American Standard Code for Information Interchange (ASCII) file defines up to _____
characters.
a. 64
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