MIS 304 UPDATED RECENT EXAMS QUESTIONS AND
ANSWERS SURE A+
✔✔What are Porters Competitive Forces? - ✔✔Rivals,
New Entrants,
Bargain power of customers,
Bargain power of suppliers,
Threat of substitutes
✔✔What are the sources of competitive advantage? - ✔✔Quality, Service, Low Cost,
Proprietary, Innovation, Brand, Value
✔✔How do you assess value for IS (value chain)? - ✔✔Economic Value,
Architectural Value,
Operational Value,
Regulatory/Compliance Value
✔✔What are business models in the digital world? - ✔✔They reflect what the company
does, how it's unique, what their key resources & activities are.
✔✔Why does freeconomics work in the digital world? - ✔✔Since the cost per user has
decreased, many companies can give away free trials/products in exchange for user
data which they can then sell to advertising clients.
, Free does NOT mean no profit!
✔✔What is the long tail? - ✔✔The online market has the ability to put "money in the
misses" because the cost to host the misses is so minimal its worth hosting many
misses if you get one hit in the midst.
(The predicted online market outlasts a tradition market.)
✔✔What are the requirements for an innovation? - ✔✔Hard to be copied
Deliver a longer advantage
✔✔What is a disruptive innovation? - ✔✔One which can completely replace the
technology before it.
✔✔What are the characteristics of a successful innovation? - ✔✔Fleeting, Risky, and
Difficult
✔✔What are the three types of storage? - ✔✔Operational, Backup, and Archival
✔✔What is computer networking - ✔✔Computer communication follows the same
model as human communication just uses a different transmission language. The
message still has to be formulated, encoded, transmitted, received, decoded, and
understood for communication to have taken place.
✔✔What is the difference between Servers, Clients, and Peers? - ✔✔Servers are the
main host of data
Clients consume the hosted resources
Peers both serve and consume resources (client and server)
✔✔What is PAN, LAN, and WAN? - ✔✔PAN: Personal Area Network (bluetooth)
LAN: Sharing data between computers (wifi)
WAN: Huge network up to worldwide!
✔✔Identify the host name, domain name, and top level domain name in the address:
d2l.arizona.edu? - ✔✔Host Name: d2l
Domain Name: arizona
Top Level Domain Name: .edu
✔✔Why do we need an IP address? - ✔✔We need IP addresses so packets can be
delivered to the right computer on the Internet. (Humans have postal addresses |
Computers have IP addresses)
✔✔Why do people use extranets and intranets? - ✔✔Companies have confidential
data. Data needs to be shared on a limited basis. (in=withing company; ex=select
partners).
ANSWERS SURE A+
✔✔What are Porters Competitive Forces? - ✔✔Rivals,
New Entrants,
Bargain power of customers,
Bargain power of suppliers,
Threat of substitutes
✔✔What are the sources of competitive advantage? - ✔✔Quality, Service, Low Cost,
Proprietary, Innovation, Brand, Value
✔✔How do you assess value for IS (value chain)? - ✔✔Economic Value,
Architectural Value,
Operational Value,
Regulatory/Compliance Value
✔✔What are business models in the digital world? - ✔✔They reflect what the company
does, how it's unique, what their key resources & activities are.
✔✔Why does freeconomics work in the digital world? - ✔✔Since the cost per user has
decreased, many companies can give away free trials/products in exchange for user
data which they can then sell to advertising clients.
, Free does NOT mean no profit!
✔✔What is the long tail? - ✔✔The online market has the ability to put "money in the
misses" because the cost to host the misses is so minimal its worth hosting many
misses if you get one hit in the midst.
(The predicted online market outlasts a tradition market.)
✔✔What are the requirements for an innovation? - ✔✔Hard to be copied
Deliver a longer advantage
✔✔What is a disruptive innovation? - ✔✔One which can completely replace the
technology before it.
✔✔What are the characteristics of a successful innovation? - ✔✔Fleeting, Risky, and
Difficult
✔✔What are the three types of storage? - ✔✔Operational, Backup, and Archival
✔✔What is computer networking - ✔✔Computer communication follows the same
model as human communication just uses a different transmission language. The
message still has to be formulated, encoded, transmitted, received, decoded, and
understood for communication to have taken place.
✔✔What is the difference between Servers, Clients, and Peers? - ✔✔Servers are the
main host of data
Clients consume the hosted resources
Peers both serve and consume resources (client and server)
✔✔What is PAN, LAN, and WAN? - ✔✔PAN: Personal Area Network (bluetooth)
LAN: Sharing data between computers (wifi)
WAN: Huge network up to worldwide!
✔✔Identify the host name, domain name, and top level domain name in the address:
d2l.arizona.edu? - ✔✔Host Name: d2l
Domain Name: arizona
Top Level Domain Name: .edu
✔✔Why do we need an IP address? - ✔✔We need IP addresses so packets can be
delivered to the right computer on the Internet. (Humans have postal addresses |
Computers have IP addresses)
✔✔Why do people use extranets and intranets? - ✔✔Companies have confidential
data. Data needs to be shared on a limited basis. (in=withing company; ex=select
partners).
