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OMIS 351 Final Exam Practice Questions and Answers
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OMIS 351 Final Exam Practice Questions and 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 effe...

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  • November 11, 2024
  • 69
  • 2024/2025
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OMIS 351 Final Exam Practice Questions

and 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 - 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



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final sales before going out of business - 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 - 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 - 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




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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 - 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 - ANSWER✔✔-if your technology solution involves programming or building a

system, you need to enroll in a training course to obtain that skill


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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 -

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 - 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 _____.

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