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CIS 105 Final Exam Quizzes Solved 100% Correct| Verified Solutions
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CIS 105 Final Exam Quizzes Solved 100% Correct|Verified Solutions
technological leapfrogging - Answer competing by offering a superior generation
of technology
blue ocean strategy - Answer An approach where firms seek to create and compete in
uncontested "blue ocean" market spaces, rather than competing in spaces and ways
that have attracted many, similar rivals.
convergence - Answer When two markets, once considered distinctly separate, begin
to offer similar features and capabilities.
envelopement - Answer Where firms seek to make an existing market a subset of their
own product offering.
backward compatibility - Answer The accommodation of current devices being able to
use previously issued software standards in addition to the current standards.
The Osborne Effect - Answer When a firm preannounces a forthcoming product or
service and experiences a sharp and detrimental drop in sales of current offerings as
users wait for the new item.
congestion effects - Answer When increasing numbers of users lower the value of a
product or service.
,Cloud Computeing - Answer Shared pools of configurable computer system resources
and higher-level services that can be rapidly provisioned with minimal management
effort, often over the internet.
Non-Volatile Memory - Answer More permanent storage like flash or hard disk
One-Sided Market - Answer derive most of their value from a single class of users
Blue Ocean Strategy - Answer An approach where firms seek to create and compete
in uncontested "blue ocean" market spaces, rather than competing in spaces and
ways that have attracted many, similar rivals.
Oligopoly - Answer A market structure in which a few large firms dominate a market
T of F
"Cheaper and Faster" technology suggest that what is impossible from a cost
or performance perspective today may be possible in the future - Answer True
Same-side exchange benefits - Answer benefits derived by interaction among members
of a single class of participant
Can a network have both same-side and cross-side benefits? - Answer Yes
Halo Effect - Answer the tendency to draw a general impression about an individual on
the basis of a single characteristic
Moore's Law - Answer the observation that computing power roughly doubles every
18 months.
, Microprocessor - Answer The part of the computer that executes the instructions of a
computer program.
RAM - Answer Random Access Memory
Volatile Memory - Answer Storage that is wiped clean when power is cut off from a
device like RAM.
Flash Memory - Answer Type of nonvolatile memory that can be erased
electronically and rewritten.
Solid State Electronics - Answer Semiconductor-based devices. Solid state components
often suffer fewer failures and require less energy than mechanical counterparts
because they have no moving parts. RAM, flash memory, and microprocessors are
solid state devices. Hard drives are not.
Semiconductors - Answer substances that can conduct electric current under some
conditions but not under other conditions like the silicon dioxide used in most
computer chips.
optical fiber line - Answer High-speed glass or plastic-lined network cable used in
telecommunications. Amount of data transmitted can double every 9 months.
Price Elasticity - Answer A measure of how sensitive customers are to changes in price
The Framing Effect - Answer Decisions are influenced by how the choices are stated.
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