CIS 105 LATEST EXAMS UPDATED QUESTIONS AND
ANSWERS SURE A+
✔✔Database Management System (DBMS) - ✔✔A system for managing data that
allows the user to store, retrieve, define, manipulate and analyze information.
✔✔Why is it challenging to leverage data for decision making - ✔✔data is in
inconsistent format
data sits in incompatible systems
✔✔Data quality pertains to which of the following questions? - ✔✔Can our data be
trusted as accurate? Is it clean, complete, and reasonably free of errors?
✔✔It is quite common for non-tech employees to work on development teams with
technical staff, defining business problems, outlining processes, setting requirements,
and determining the kinds of data the firm will need to leverage. - ✔✔True
✔✔Moore's Law - ✔✔the observation that computing power roughly doubles every two
years.
✔✔massively parallel processing - ✔✔Computers designed with many microprocessors
that work together, simultaneously, to solve problems.
✔✔network effects - ✔✔the value of a product or service for an individual user
increases with the number of total users
✔✔main three sources of value that businesses derive from network effects? -
✔✔Exchange, staying power, and complentary benefits
✔✔switching costs - ✔✔costs that make customers reluctant to switch to another
product or service
, ✔✔platform - ✔✔When products and services that encourage others to offer
complementary goods this type of ecosystem can emerge
✔✔One sided markets - ✔✔In one-sided markets, users gain benefits from interacting
with a similar category of users
✔✔multi-sided market - ✔✔product requires two or more independent markets to
succeed
✔✔cross-side exchange benefit - ✔✔An increase in the number of users on one side of
the market, creating a rise in the other side.
✔✔technological leapfrogging - ✔✔Competing by offering a new technology that is so
superior to existing offerings that the value overcomes the total resistance that older
technologies might enjoy via exchange, switching cost, and complementary benefits.
✔✔Help establish network effect lead - ✔✔establish a network effects lead include
subsidizing adoption; leveraging viral marketing, creating alliances to promote a product
or to increase a service's user base; redefining the market to appeal to more users;
leveraging unique distribution channels to reach new customers; seeding the market
with complements; encouraging the development of complements; and maintaining
backward compatibility.
✔✔continuous innovation - ✔✔a modification of an existing product that sets one brand
apart from its competitors
✔✔backward integration - ✔✔takes information entered into a given system and sends
it automatically to all upstream systems and processes
✔✔convergence - ✔✔the state of separate elements joining or coming together
✔✔congestion - ✔✔An overcrowding; a clogging
✔✔ebay - ✔✔Subsidized adoption created completmentary goods and services
✔✔availability heuristic - ✔✔estimating the likelihood of events based on their
availability in memory; if instances come readily to mind (perhaps because of their
vividness), we presume such events are common
✔✔peer production and social media - ✔✔These services often leverage the wisdom of
crowds to provide insight or production that can be far more accurate or valuable than
that provided by a smaller group of professionals
ANSWERS SURE A+
✔✔Database Management System (DBMS) - ✔✔A system for managing data that
allows the user to store, retrieve, define, manipulate and analyze information.
✔✔Why is it challenging to leverage data for decision making - ✔✔data is in
inconsistent format
data sits in incompatible systems
✔✔Data quality pertains to which of the following questions? - ✔✔Can our data be
trusted as accurate? Is it clean, complete, and reasonably free of errors?
✔✔It is quite common for non-tech employees to work on development teams with
technical staff, defining business problems, outlining processes, setting requirements,
and determining the kinds of data the firm will need to leverage. - ✔✔True
✔✔Moore's Law - ✔✔the observation that computing power roughly doubles every two
years.
✔✔massively parallel processing - ✔✔Computers designed with many microprocessors
that work together, simultaneously, to solve problems.
✔✔network effects - ✔✔the value of a product or service for an individual user
increases with the number of total users
✔✔main three sources of value that businesses derive from network effects? -
✔✔Exchange, staying power, and complentary benefits
✔✔switching costs - ✔✔costs that make customers reluctant to switch to another
product or service
, ✔✔platform - ✔✔When products and services that encourage others to offer
complementary goods this type of ecosystem can emerge
✔✔One sided markets - ✔✔In one-sided markets, users gain benefits from interacting
with a similar category of users
✔✔multi-sided market - ✔✔product requires two or more independent markets to
succeed
✔✔cross-side exchange benefit - ✔✔An increase in the number of users on one side of
the market, creating a rise in the other side.
✔✔technological leapfrogging - ✔✔Competing by offering a new technology that is so
superior to existing offerings that the value overcomes the total resistance that older
technologies might enjoy via exchange, switching cost, and complementary benefits.
✔✔Help establish network effect lead - ✔✔establish a network effects lead include
subsidizing adoption; leveraging viral marketing, creating alliances to promote a product
or to increase a service's user base; redefining the market to appeal to more users;
leveraging unique distribution channels to reach new customers; seeding the market
with complements; encouraging the development of complements; and maintaining
backward compatibility.
✔✔continuous innovation - ✔✔a modification of an existing product that sets one brand
apart from its competitors
✔✔backward integration - ✔✔takes information entered into a given system and sends
it automatically to all upstream systems and processes
✔✔convergence - ✔✔the state of separate elements joining or coming together
✔✔congestion - ✔✔An overcrowding; a clogging
✔✔ebay - ✔✔Subsidized adoption created completmentary goods and services
✔✔availability heuristic - ✔✔estimating the likelihood of events based on their
availability in memory; if instances come readily to mind (perhaps because of their
vividness), we presume such events are common
✔✔peer production and social media - ✔✔These services often leverage the wisdom of
crowds to provide insight or production that can be far more accurate or valuable than
that provided by a smaller group of professionals
