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OMIS 351 Final Exam UPDATED ACTUAL Questions and CORRECT Answers

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OMIS 351 Final Exam UPDATED ACTUAL Questions and CORRECT Answers You learn that a party at Frat House A will have 150 people and a part at Frat House B will have 5 people. You dont know any of the people and each party costs $5 to get in. You choose Frat House A because of brand supplier ...

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  • October 25, 2024
  • 49
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • OMIS 351
  • OMIS 351
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OMIS 351 Final Exam UPDATED
ACTUAL Questions and CORRECT
Answers
You learn that a party at Frat House A will have 150 people and a part at Frat House B will
have 5 people. You dont know any of the people and each party costs $5 to get in. You choose
Frat House A because of


brand
supplier power
network effects
price

value chain analysis - CORRECT ANSWER✔✔- network effects


Chuck and Kyle's coffee shop is now offering a "buy 5 cups of coffee and get 1 free"
promotion. This loyalty program has the purpose of


increasing supplier
decreasing the quality of the coffee
reducing the buying power
eliminating the surplus of coffee

final sales before going out of business - CORRECT ANSWER✔✔- reducing the buying
power


The _____ strategic lens will almost always involve improving technology options and
connections with suppliers and customers


5 forces
value chain analysis
resource based view of competitive advantage (RBVoCA)
Patents

Brand - CORRECT ANSWER✔✔- Value chain analysis

,If a business person gets a great idea for a possible information technology solution to a
business process problem the first thing he/she should do is


begin programming or having programmed the system
secure financing for the system
purchase the necessary hardware and/or software to support the system
begin processing through the stages of the SDLC, starting with planning - CORRECT
ANSWER✔✔- begin processing through the stages of the SDLC, starting with planning


Which of the following is not a benefit of using Excel and web pages, as done in VC1


If you want to drop the lowest value (like a quiz) in a range, and get the average of the
remaining values, use =AVERAGE(<range>, -1)
If you have one formula that needs to be used for numerous cells, a great way to accomplish
that is to use auto-fill (drag the black cross in the lower-right of the cell to the new cells).
If you want to show your formulas to show clients/customers/etc. choose "show formulas",
screen shot the sheet, and insert that screenshot into a webpage
=VLOOKUP is a useful formula to look up and return values from a pre-defined table

all of these are benefits - CORRECT ANSWER✔✔- If you want to drop the lowest value
(like a quiz) in a range, and get the average of the remaining values, use
=AVERAGE(<range>, -1)


`Which of the following is FALSE when thinking about matching business process problems
and technology solutions, as described in unit 1
if your technology solution involves programming or building a system, you need to enroll in
a training course to obtain that skill
if you have an idea for a match, you should explore that idea by using established, recognized
frameworks (such as the SDLC)
You do not have to be an expert in the technology solution, but you must understand how the
technology solution works and why it will help with your business problem
the more you understand about the business and the technology, the better chance you will
make a good match.

All of these are true - CORRECT ANSWER✔✔- if your technology solution involves
programming or building a system, you need to enroll in a training course to obtain that skill

,What is the implementation phase in the SDLC?


Involves establishing a high-level plan of the intended project and determining project goals


Involves analyzing end-user business requirements and refining project goals into defined
functions and operations of the intended system


Involves describing the desired features and operations of the system


Involves placing the system into production so users can begin to perform actual business
operations - CORRECT ANSWER✔✔- Involves placing the system into production so users
can begin to perform actual business operations


The ability to track customers, analyze campaign results, and modify tactics are the distinct
advantages offered by _____ to the field of marketing.
the Web
print media
television radio

outdoor advertising - CORRECT ANSWER✔✔- the Web


A company uses radio frequency identification (RFID) tags to keep track of its inventory.
This is an example of the impact of technology in the area of _____.


accounting


operations


advertising


human resources

, finance - CORRECT ANSWER✔✔- operations


Technology experts in the area of _____ specialize in technology for competitive advantage.


user-interface design
process design
strategy
database design

hardware - CORRECT ANSWER✔✔- strategy


Which of the following is the best example of matching a technology solution to a business
problem? Using teams of size 6 to get the benefit of multiple players without becoming too
large.


Making long-term projections based on historical sales data.
Scoring the highest in the class on VC1
Using GPS to track Huskie bus locations and giving that information to students
None of these are good examples of matching a technology solution to a business problem. -
CORRECT ANSWER✔✔- Using GPS to track Huskie bus locations and giving that
information to students


Tech impact is reaching even beyond the confines of Earth itself. According to an example in
your chapter, how was a tool on the International Space Station recently acquired?:


It was purchased via China's Alibaba - showing global sourcing extends to the extraterrestrial.
It was delivered to the launch site when summoned from Space using the FedEx app.
It was an out-of-print product that an Etsy producer was able to craft and deliver for the next
resupply flight.

It was printed on-demand using 3D printing technology. - CORRECT ANSWER✔✔- It was
printed on-demand using 3D printing technology.


Which of the following is NOT a benefit of using Excel and web pages, as done in VC1?

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