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OMIS 350 Question and answers already passed

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OMIS 350 Question and answers already passed OMIS 350. Exam 1. SELU. Baldwin. Emerging mobile digital platform Growing business use of "big data" Growth in cloud computing - correct answer How information systems are transforming business Internet has drastically reduced costs of operat...

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  • November 5, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • omis 350
  • omis 350 question and answers already passed

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OMIS 350. Exam 1. SELU. Baldwin.
Emerging mobile digital platform
Growing business use of "big data"
Growth in cloud computing - correct answer ✔How information systems are
transforming business


Internet has drastically reduced costs of operating on global scale
Increases in foreign trade, outsourcing
Presents both challenges and opportunities - correct answer ✔Globalization
opportunities


Big data - correct answer ✔Reviews before you buy something


Emerging, fully digital firm - correct answer ✔-Significant business
relationships are digitally enabled and mediated.
-Core business processes are accomplished through digital networks.
-Key corporate assets are managed digitally


Digital firms - correct answer ✔Offer greater flexibility in organization and
management


Time shifting and space shifting - correct answer ✔Connected to
globalization


Core business processes - correct answer ✔Tasks you need to accomplish
to run

, -Ability to use information technology and
-Ability to implement corporate strategies and achieve corporate goals -
correct answer ✔Growing interdependence between:


1. Operational excellence
2. New products, services, and business
models
3. Customer and supplier intimacy
4. Improved decision making
5. Competitive advantage
6. Survival - correct answer ✔Firms invest heavily in information systems to
achieve six strategic business objectives:


More efficient - correct answer ✔Technology makes you:


Walmart - correct answer ✔What store is the low cost leader


Operational excellence - correct answer ✔Improvement of efficiency to attain
higher profitability


Business model - correct answer ✔Describes how company produces,
delivers, and sells product or service to create wealth


Information services and technology - correct answer ✔Major enabling tools
for new products, services, and business models


Customers returning, which raises revenues and profits - correct answer
✔Serving customers well leads too:

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