ISQS 2340 Exam 1 Questions With Complete Solution

ISQS 2340 Exam 1 Questions With Complete Solution Where IT fits within the business - ANS-the bridge between the business and technology; used to solve problems and meet needs; must understand the business and technology Change and ensuring successful IT projects with a BDN - ANS-BDN illustrates how a change will be enabled and shaped by IT, shows how the benefits will be delivered and how they are related to each other Exchange Transactions: Creating entity, The Work, Others- - ANS-the base units for doing business (pyramids) Exchange Transactions as the basis for firms, industries, and economies - ANS-base units for a firm to grow and continue to grow to an industry and an economy because there are more and more transactions Uncertainty - ANS-making decisions about the future when the outcome of events are probabilistic Informal uncertainty - ANS-no perfect information (bounded rationality); reduces uncertainty by ERP and CRM Relational uncertainty - ANS-opportunistic behaviors amongst actors (opportunistic); Buyer/seller ratings, online reviews Resource uncertainty - ANS-no unlimited resources (specificity); multi-use IT, 3D printing Moore's Law - ANS-number of transistors per square inch on an integrated chip doubles every 18-24 months (true for CPU not GPU) Metcalfe's Law - ANS-