Mis 301 Study guides, Class notes & Summaries

MIS 301 Question and answers rated A+ 2024 Internet of Things - correct answer A vision where low-cost sensors, processors, and communication are embedded into a wide array of products and our environment, allowing a vast network to collect data, analyze input, and automatically coordinate collective action. Initial Public Stock Offering (IPO) - correct answer the first time a firm makes shares available via a public stock exchange, also known as "going public." Sarbanes-Oxley Act -...

mis 301 exam 3 Question and answers 100% correct 2024 Web 2.0 - correct answer A term broadly referring to Internet services that foster collaboration and information sharing; characteristics that distinctly set "Web 2.0" efforts apart from the static, transaction-oriented Web sites of "Web 1.0." The term is often applied to Web sites and Internet services that foster social media or other sorts of peer production. peer production - correct answer When users collaboratively work to c...

MIS 301 Exam 2 Question and answers 100% correct 2024 Database - correct answer if it is well-designed and well-managed, it is an extremely valuable tool in supporting decision making - Links the hardware/software to the user Data - correct answer the link or bridge between the computer components (hardware, software, procedures) and people Data Management - correct answer an organization can not successfully complete most business activities without data and the ability to process...

MIS 301 Exam I Question and answers already passed 2024 disruptive technology - correct answer an innovation that helps create a new market and value network, and eventually disrupts an existing market and value network (over a few years or decades), displacing an earlier technology mental models - correct answer the values & beliefs culture a company is molded around; company hires people that match → creates company culture (ie. Xerox's mental model as a copy place made them pass...

MIS 301 Exam 1 Question and answers already passed 2024 Informed User - correct answer A person knowledgeable about information systems and information technology Why you should be an informed user - correct answer 1. Benefit more from your organization's IT applications 2. Be in a position to enhance the quality of your organization/s IT applications with your output 3. Quickly be in a position to recommend- and perhaps help select-the IT applications that your organization will use ...

mis 301 midterm 1 Questions with complete solution 2024 Network Effects/Metcalfe's Law/Network Externalities - correct answer When the value of a product or service increases as its number of users expands platforms - correct answer products and services that allow for the development and integration of software products and other complementary goods, effectively creating an ecosystem of value-added offerings examples of platforms - correct answer Windows, iOS, Kindle value deri...

MIS 301 Exam 2 Question and answers verified to pass 2024 Data Warehouse - correct answer A set of databases designed to support decision making in an organization. It is structured for fast online queries and exploration. These may aggregate enormous amounts of data from many different operational systems Data Mart - correct answer A database or databases focused on addressing the concerns of a specific problem (e.g., increasing customer retention, improving product quality) or business...

MIS 301 Midterm 1 Question and answers correctly solved 2024 Moore's Law - correct answer The number of transistors per square inch on an integrated chip doubles every 18 months - cost of data communications and storage is basically zero compared to a few years ago How does one attain job security? - correct answer Only job security is a marketable skill and courage to use it Any routine skill can and will be outsourced to lowest bidder --> Develop strong non-routine cognitive...

MIS 301 Final Exam Practice Questions and answers correctly solved 2024Projects are said to be in analysis paralysis if so much time is spent ________. A. in the system definition phase of the systems development life cycle (SDLC) B. designing the system components C. documenting the requirements D. on project scheduling - correct answer Answer: C One of the major challenges in systems development is changing technology. A. True B. False - correct answer True For a new...

MIS 301 Exam 1 Question and answers verified to pass 2024 sustainable competitive advantage - correct answer The ability to consistantly outperform industry averages/peers 4 critical characteristics to maintain a sustainable advantage - correct answer 1)Valuable 2)Rare 3)Imperfeclty imitable(tough to imitate) 4)Nonsubstitutable *These also help create Barriers to Entry Micheal E. Porters book "Competitive Advantage" - Porter's 5 Forces - correct answer 1- Barbaining power o...