Mis 301 Study guides, Class notes & Summaries

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...

MIS 301 Question and answers correctly solved 2024 information age - correct answer a period in history where the production, distribution, and control of information is the primary driver of the economy when did the information age begin? - correct answer 1970s digital revoluation - correct answer the conversation from mechanical and analog devices to digital devices Bell's Law - correct answer 1972, "not only would you change, but what you do and how you do it would also ch...

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...

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...

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...

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...

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...

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

MIS 301 final Question and answers correctly solved 2024 What is supply chain? - correct answer sequence of processes involved in the production and distribution of a commodity What is disintermediation? - correct answer reduction in the use of intermediaries between producers and consumers What is bullwhip effect? How do you stop the bullwhip effect? - correct answer increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain l...

MIS 301 Midterm 1 Question and answer rated A+ 2024 T/F: The rise of open source software has lowered computing costs for startup and blue-chip companies worldwide - correct answer true T/F: Data analytics and business intelligence are driving discovery and innovation - correct answer true T/F: Facebook was founded by Sergey Brin - correct answer false T/F: Many of the careers in marketing are highly tech-centric - correct answer true T/F: Firms are increasingly shifting sp...