Mis 301 exam Study guides, Class notes & Summaries
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MIS 301 Exam 2 Question and answers verified to pass 2024
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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...
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MIS 301 Exam 1 Question and answers verified to pass 2024
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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...
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MIS 301 Exam 1 Question and answers verified to pass 2024
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MIS 301 Exam 1 Question and answers verified to pass 2024 Disruptive technology: - correct answer an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market leading firms, products and alliances 
 
Mental models - correct answer an explanation of someone's thought process about how something works in the real world 
 
Barriers to entry - correct answer the existence of high startup costs or other o...
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MIS 301 Exam II Study Guide Question and answers verified to pass 2024
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MIS 301 Exam II Study Guide Question and answers verified to pass 2024 Online Analytical Processing (OLAP) - correct answer A method of querying and reporting that takes data from standard relational databases, calculates and summarizes the data, and then stores the data in a special database called a data cube. 
 
Awareness, evaluation, purchase, delivery, after sales - correct answer What is the correct order of channel phases? 
 
data mart - correct answer A database or databases focu...
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MIS 301 Exam 2 Question and answers correctly solved 2024
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MIS 301 Exam 2 Question and answers correctly solved 2024 Backward compatibility - correct answer ability to take advantage of complementary products developed for prior generation of tech. 
Ex: 16-bit Super Nintendo system incompatible w/ firm's highly successful prior generation 8-bit model (they had an epic FAIL!) 
 
Blue Ocean strategy - correct answer approach where firm seeks to create & compete in uncontested "blue ocean" market spaces, rather than competing in spaces & ways that h...
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MIS 301 Exam 1 Question and answers 100% correct 2024
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MIS 301 Exam 1 Question and answers 100% correct 2024 IPO - correct answer Initial public offering, a corporation's first offer to sell shares to the public 
 
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. 
 
Sarbanes-Oxley Act - correct answer Also known as Sarbox or SOX...
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MIS 301 Exam 1 Question and answers already passed 2024
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MIS 301 Exam 1 Question and answers already passed 2024 Tech's Tectonic Shift - correct answer Business models and strategies have rapidly changed based on new and evolving technology 
 
Firms are shifting spending from traditional media to the Web because of its ability to - correct answer Track customers, Analyze campaign results, and Modify tactics 
 
cashless payment - correct answer Firms are using apps to develop location-based messages and services 
 
Firms are using social media t...
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Rock MIS 301 Exam 1 Terms Question and answers verified to pass 2024
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Rock MIS 301 Exam 1 Terms Question and answers verified to pass 2024 Disruptive technology - correct answer Innovation that helps create a new market and value network that disrupts an existing market ex: iPhone for Kodak 
 
Mental models - correct answer Designs of a business and technology that consumers think about when thinking of a brand; how we are aesthetically effected 
 
Barrier to entry - correct answer obstacles that prevent a business from entering the market 
 
Brand - corre...
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MIS 301 Exam 2 Question and answers verified to pass 2024
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MIS 301 Exam 2 Question and answers verified to pass 2024 Python Syntax for hello world 
print ('hello world') 
 
 
Python syntax for new comment 
# 
 
 
t/f python is popular 
true 
 
 
Excel monthly rate 
yearly rate/12 
 
 
excel term 
term in years * 12 
 
 
3 parts of network effects 
exchange 
staying power 
complimentary benefits
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MIS 301 Exam 1 Question and answers already passed 2024
- Exam (elaborations) • 15 pages • 2024
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MIS 301 Exam 1 Question and answers already passed 2024 Business - correct answer A business is an organization designed to provide goods, services, or both to consumers. 
 
Hilton & WalMart - correct answer Examples of businesses that are predominant in capitalist economies, in which most of them are privately owned and formed to earn profit to increase the wealth of their owners 
 
National Public Radio (NPR) & Federal Home Loan Banks - correct answer Examples of businesses that are no...
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