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MIS 301 Exam Questions with complete solution 2024

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MIS 301 Exam Questions with complete solution 2024 In the context of network effects, the term "network refers to the? - correct answer A common user base utilized to communicate and share with one another The three sources of value for network effects include ____, staying power, and - cor...

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  • August 27, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
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  • mis 301 exam
  • mis 301 exam questions with complete solution 2024

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MIS 301 Exam
In the context of network effects, the term "network refers to the? - correct
answer ✔A common user base utilized to communicate and share with one
another


The three sources of value for network effects include ____, staying power,
and - correct answer ✔Exchange


decisions in a process map are represented using a - correct answer
✔diamond


Why is apple pay a good example of a two-sided market? - correct answer
✔buyers attract sellers and vice versa


One-way firms seek to strengthen their platforms and encourage third parties
to develop complementary goods is by - correct answer ✔Offering APIs


What major part of facebooks revenue comes from? - correct answer
✔advertising


What is Software - correct answer ✔set of instructions that tell the hardware
what to do


if electronic now travel half the distance to make a calculation, that means the
chip is - correct answer ✔twice as fast


the ___ is considered the brain of a computing device - correct answer
✔central processing unit

, an organization ___ department ensures that systems get built and keep
running - correct answer ✔information system


technology experts in the area of __ work to make sure systems are intuitive
and easy to use - correct answer ✔user-interface design


the phrase __ refers to the number of times inventory is sold or used during a
year - correct answer ✔inventory turns


___ is a financial performance that consistently outperforms the industry
average - correct answer ✔sustainable competitive advantage


TorF: Facebook leads social media innovation and rarely imitates products
from competitors - correct answer ✔false


____ are costs that customers incur when moving from one product to another
- correct answer ✔switching cost


service dominance logic - correct answer ✔Ex. Buying kindle, but purchasing
books through kindle


good dominance logic - correct answer ✔Ex. clothes, tangible items


When a single firm owns several layers in its value chain is said to be__ -
correct answer ✔vertical integration


Zara inventory system - correct answer ✔RFID

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