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MIS 180 STUDY GUIDE QUESTIONS WITH ALL CORRECT ANSWERS

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MIS 180 STUDY GUIDE QUESTIONS WITH ALL CORRECT ANSWERS What kind of device allows entering info and commands? - Answer-Input Device What kind of device allows you to see, hear, or recognize the results of info? - Answer-Output Device What kind of device allows you to connect to an outsi...

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  • August 29, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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MIS 180 STUDY GUIDE QUESTIONS
WITH ALL CORRECT ANSWERS

What kind of device allows entering info and commands? - Answer-Input Device

What kind of device allows you to see, hear, or recognize the results of info? - Answer-
Output Device

What kind of device allows you to connect to an outside device? - Answer-Connecting
Device (Flash drive)

What kind of device allows you to Send and Receive information? - Answer-
Telecommunications Device

Software - Answer-Set of Instructions

RAM - Answer-Holds information and instructions while they are being processed.

How is RAM different from a CPU? - Answer-CPU processes data
RAM only holds data

What does Porter's Five Forces Model Focus on? - Answer-Assessing your competition
and the pressures facing them, your industry, and you. (Competitive Forces)

3 Competitive Forces - Answer-- Buying and Selling Power
- Threat of Substitute Products
- Rivalry among Existing Competitors

What is the goal of most businesses? - Answer-Reduce it's customers' Buying Power

What would be giving a complete picture of customer ages?
- BI
- Customer Breakdown
- Database
- Information - Answer-Information

Upward flowing info flows from: - Answer-Operations to Management

Downward flowing info flows from: - Answer-Management to Operations

, You make a unique industry Web site for your clients that allowed them to build virtual
communities with other customers by sharing knowledge, how would you be enhancing
your competitive strategy? - Answer-Differentiation

You make a new text messaging system for high school students that had a panic
feature so that, for instance, a message changed when a police-man were close by.
How would you be enhancing your competitive strategy? - Answer-Focus

You make a text messaging system that allows users to send more messages for less
money, how would you be enhancing your competitive strategy? - Answer-Overall cost
leadership

IT - Answer-Set of tools to work with and process information. IT is a component of MIS

What does MIS (Academic field of study) deal with? - Answer-Deals with:
Planning for IT
Development of IT
Management,
Use of IT.
It's a business discipline that deals with the use of IT.

Overarching Function of MIS? - Answer-To create and sustain a 'Competitive
Advantage'

What does your business need to be successful? - Answer-Intellectual Assets and IT
systems capable of Capturing, Organizing, and Disseminating these assets.

How is it different when YOU buy technology vs. when a COMPANY buys technology? -
Answer-YOUR purchase is based on 'Money Availability'
While a COMPANY's purchase is based on 'Competitive Advantage'

How do you ensure that your business maintains a competitive edge when buying IT? -
Answer-IT needs to be geared towards enabling innovation and moving to new markets.

Focus of MIS - Answer-Tasks related to information processing and management.

Key resources of MIS: - Answer-1. People (most important)
2. Information
3. Technology (least important)

First-Mover Advantage - Answer-Gaining lots of market shares from 'First to Market'.
= Competitive Advantage. ex. Apple and the iPod

Primary concerns for best returns on IT investments? - Answer-Reduce Cost Without
Sacrificing Quality

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