BCOR 330 EXAM 1 QUESTIONS AND ANSWERS
1. Know all parts of the Five-Component Framework (Hardware, Software, Data,
Procedures, and People) and be able to give an example of each - Answers -Hardware
Software
Data
Procedures
People
Hardware
Software
Data
Procedures
People - Answers -Bells Law -a new computer class forms roughly each decade
Moores law-every 2 years or 18 months computing power doubles
Kryders law-storage density increasing at exponential rate
Metcalfs law- Value network = square number of users connected
3. Why should data be presented with meaningful context? - Answers -The
characteristics of good info, active timely, relevant
4. Know all parts of Porter's Five Forces Model of Industry Structure - Answers -
Industry structure, competitive strategy, value chains, business procedures, info
systems
5. Know Porter's Four Competitive Strategies, and why organizations may differ. Apple
focuses on producing better products for customers within an industry, while Walmart
focuses on providing products at the lowest cost possible) - Answers -Cost,
differentiation, industry wide, focus
6. Why are understanding value chains important to determining a company's margin? -
Answers -Value chain is the cost of everything that goes into a product, u know what to
set the sell price at.
7. Understand all steps of the value chain (Inbound Logistics,
Operations/Manufacturing, Outbound Logistics, Sales and Marketing, Customer
Service) - Answers -Inbound logistics is receiving, storing and inputs to products
Operations/manu-transforming inputs into final products
Outbound logistics-collecting, storing, distributing product.
Sales and marketing- inducing buyers to purchase
Customer service- assisting in use of product maintain
8. Why are Linkages in the value chain important? - Answers -Links are good strong
create new efficient processes in depth
1. Know all parts of the Five-Component Framework (Hardware, Software, Data,
Procedures, and People) and be able to give an example of each - Answers -Hardware
Software
Data
Procedures
People
Hardware
Software
Data
Procedures
People - Answers -Bells Law -a new computer class forms roughly each decade
Moores law-every 2 years or 18 months computing power doubles
Kryders law-storage density increasing at exponential rate
Metcalfs law- Value network = square number of users connected
3. Why should data be presented with meaningful context? - Answers -The
characteristics of good info, active timely, relevant
4. Know all parts of Porter's Five Forces Model of Industry Structure - Answers -
Industry structure, competitive strategy, value chains, business procedures, info
systems
5. Know Porter's Four Competitive Strategies, and why organizations may differ. Apple
focuses on producing better products for customers within an industry, while Walmart
focuses on providing products at the lowest cost possible) - Answers -Cost,
differentiation, industry wide, focus
6. Why are understanding value chains important to determining a company's margin? -
Answers -Value chain is the cost of everything that goes into a product, u know what to
set the sell price at.
7. Understand all steps of the value chain (Inbound Logistics,
Operations/Manufacturing, Outbound Logistics, Sales and Marketing, Customer
Service) - Answers -Inbound logistics is receiving, storing and inputs to products
Operations/manu-transforming inputs into final products
Outbound logistics-collecting, storing, distributing product.
Sales and marketing- inducing buyers to purchase
Customer service- assisting in use of product maintain
8. Why are Linkages in the value chain important? - Answers -Links are good strong
create new efficient processes in depth
