Mis 304 - Study guides, Class notes & Summaries

Traditional business functions correct answers - Marketing and sales - Supply chain management - Accounting and finance - Human resources - not distinct independent, but highly interrelated - cross boundaries of business functions What happens when you shop at Amazon? correct answers - Create customer record and create order transaction with card information - Warehouse takes order and packages and ships Order-to-Cash correct answers - traditional sales model - selling goods t...

MIS 304 4 Study Exam Questions Correctly Answered. The form of electronic commerce that is used by organizations to conduct business with business partners without involving the end consumer is known as ________ electronic commerce. A) business-to-consumer B) peer-to-peer C) business-to-business D) business-to-intermediary E) business-to-supplier - CORRECT ANSWER C Which of the following statements is true about electronic commerce? A) Business-to-business electronic commerce is by f...

disintermediation Answer cutting out the middleman and reaching customers more directly and efficiently. reintermediation Answer reintroduce middle men in order to reduce the chaos brought on by disintermediation. Mas customization Answer helps firms tailor their p/s to meet a customers particular needs on a large scale. still allows for economies of scale ex. dell lets you design a computer nike lets you make custom tennis shoes group buying Answer groupon or living social negotiat...

T or F: target's use of data to "target" customers generates a competitive advantage Answer TRUE T or F: cloud computing systems such as Azure use "regions" or "locations" to improve content delivery Answer TRUE knowledge workers are professionals who _______ Answer create, modify, and/or synthesize knowledge as a fundamental part of their jobs T or F: your local convenience store is clearly able to take advantage of the Long Tail Answer FALSE Which of the following is an econ...

What is MIS? correct answers The study of people, technology, organizations and the relationships among them (basically, the intersection of business and technology) Toffler's Future Shock correct answers "Too much change in too short a period of time" -Agriculture and Handwork -Industrial Revolution -The Information Age *-Each age enabled the age that followed* Five IT Megatrends correct answers *Business managers must understand these if they do not want to get left behind:* -Mo...

What is "Future Shock" correct answers The rapid transition between waves of technology. Easy for young generation but harder for older generation to gras. What ages have we gone through? correct answers Agriculture and Handiwork -->Industrial Revolution-->The Information Age (NOW) What are the Five Mega Trends in the Information Age correct answers Mobile, Social Media, Internet of Things, Cloud Computing, Big Data (All of these trends impact our digital future) What is the Mo...

What is "Future Shock" - Agriculture & handiwork, industrial revolution, information age Too much change is too short a period of time Five IT Megatrends that you need to understand do stay in the game - Mobile social big data cloud consumerization of IT Mobile Computing - Many believe that we're living in a post-PC era. Mobile devices leapfrog PCs in the developing world. Implications: -Increased collaboration -The ability to manage business in real time -New ways to reach custom...

what is e-commerce - exchange of goods, services, and money among firms, between firms and customers, and between customers, supported by communication technologies and the internet Types of private sector exchanges - B2B B2C C2C C2B (C = customers B= business) E-Government exchanges - G2C G2B G2G (G=govt, B=Business, C=citizen) types of business models - brick and mortar click and mortar click only brick and mortar - physical store where you buy goods in person click and mortar -...

Buying a book at A illustrates which of the following core business processes? Answer order-to-cash For most businesses, the ________ process entails several subprocesses including creating a customer record, checking the customer's creditworthiness, creating an order, checking and allocating stock, and shipping. Answer order-to-cash In the order-to-cash process, checking credit is followed by ________. Answer creating an order Subprocesses of the procure-to-pay process include _______...