MBA 703 CORRECT EXAMS ANSWERS AND
QUESTIONS SET A+
✔✔Fast/ cheap computing has helped create the multi-billion dollar internet of things
(IoT) by putting: - ✔✔Smarts in all sorts of products, lamps, watches, thermostats, and
door locks
✔✔Many of the world's most successful technology firms were created by young
people: - ✔✔Bill Gates: undergrad when he left college to found Microsoft
Michael Dell: sophomore when he behave building computers at UT
Mark Zuckerberg: 19yo sophomore when he founded Facebook
Steve Jobs: 21 when he founded Apple
✔✔Success in today's job market requires: - ✔✔Broad set of skills
✔✔Multi-skilled workers: Job candidates must have ____-_____ skills as well as _____-
skills so they can complete specific tasks - ✔✔Problem-solving, technical
✔✔Service sector will account for 95% of the new jobs that.. - ✔✔Are created or open
up by 2022
✔✔Finance: - ✔✔Relations b/t information systems & financial management and
services is so strong that many advise finance majors to co-major in information
systems
✔✔Finance Skills: - ✔✔Use systems for financial reporting, direct investment activities,
implement cash management strategies
Plan, organize, implement information systems strategies for the firm
✔✔What are some of the roles of finance in tech include? - ✔✔Lending to tech firms,
evaluating the role of technology in firms in an investment portfolio
✔✔The reliability of any audit is tied to: - ✔✔The reliability of the underlying technology
, ✔✔Major accounting firms have: - ✔✔Spawned tech-focused consulting practices
✔✔Increased regulation has strengthened the link b/t - ✔✔Accounting & Technology
(Sarbanes-Oxley Act: raised executive and board responsibilities and ties criminal
penalties to certain accounting and financial violations)
✔✔Accountants increasingly rely on information systems to summarize: -
✔✔Transactions, create financial records, organize data, and perform financial analysis
✔✔What are some skills associated w/ accounting? - ✔✔-knowledge of databases &
networks
-online financial transactions & reporting systems
-how systems are used to achieve accounting functions
✔✔No field has undergone more technology-driven changes in the past five years than:
- ✔✔Marketing & Advertising
✔✔Enterprise systems: - ✔✔For product management, sales force management,
customer relationship management
✔✔Work with ______ systems to track & report customer behavior, product
performance, customer feedback, product development - ✔✔NOVEL
✔✔Firms are shifting spending from traditional media to the Web because of its ability
to: - ✔✔Track customers
Analyze campaign results
Modify tactics
✔✔Firms use social media to: - ✔✔-generate sales
-improve their reputations
-Better serve Customers
✔✔A firm's operations management function is focused on producing goods & services:
- ✔✔-Quality Programs
-process redesign
-supply chain management
-factory automation
-service operations
✔✔Knowledge Management systems are: - ✔✔Transforming into social media
technologies
-helps in organizing and leveraging teams of experts
QUESTIONS SET A+
✔✔Fast/ cheap computing has helped create the multi-billion dollar internet of things
(IoT) by putting: - ✔✔Smarts in all sorts of products, lamps, watches, thermostats, and
door locks
✔✔Many of the world's most successful technology firms were created by young
people: - ✔✔Bill Gates: undergrad when he left college to found Microsoft
Michael Dell: sophomore when he behave building computers at UT
Mark Zuckerberg: 19yo sophomore when he founded Facebook
Steve Jobs: 21 when he founded Apple
✔✔Success in today's job market requires: - ✔✔Broad set of skills
✔✔Multi-skilled workers: Job candidates must have ____-_____ skills as well as _____-
skills so they can complete specific tasks - ✔✔Problem-solving, technical
✔✔Service sector will account for 95% of the new jobs that.. - ✔✔Are created or open
up by 2022
✔✔Finance: - ✔✔Relations b/t information systems & financial management and
services is so strong that many advise finance majors to co-major in information
systems
✔✔Finance Skills: - ✔✔Use systems for financial reporting, direct investment activities,
implement cash management strategies
Plan, organize, implement information systems strategies for the firm
✔✔What are some of the roles of finance in tech include? - ✔✔Lending to tech firms,
evaluating the role of technology in firms in an investment portfolio
✔✔The reliability of any audit is tied to: - ✔✔The reliability of the underlying technology
, ✔✔Major accounting firms have: - ✔✔Spawned tech-focused consulting practices
✔✔Increased regulation has strengthened the link b/t - ✔✔Accounting & Technology
(Sarbanes-Oxley Act: raised executive and board responsibilities and ties criminal
penalties to certain accounting and financial violations)
✔✔Accountants increasingly rely on information systems to summarize: -
✔✔Transactions, create financial records, organize data, and perform financial analysis
✔✔What are some skills associated w/ accounting? - ✔✔-knowledge of databases &
networks
-online financial transactions & reporting systems
-how systems are used to achieve accounting functions
✔✔No field has undergone more technology-driven changes in the past five years than:
- ✔✔Marketing & Advertising
✔✔Enterprise systems: - ✔✔For product management, sales force management,
customer relationship management
✔✔Work with ______ systems to track & report customer behavior, product
performance, customer feedback, product development - ✔✔NOVEL
✔✔Firms are shifting spending from traditional media to the Web because of its ability
to: - ✔✔Track customers
Analyze campaign results
Modify tactics
✔✔Firms use social media to: - ✔✔-generate sales
-improve their reputations
-Better serve Customers
✔✔A firm's operations management function is focused on producing goods & services:
- ✔✔-Quality Programs
-process redesign
-supply chain management
-factory automation
-service operations
✔✔Knowledge Management systems are: - ✔✔Transforming into social media
technologies
-helps in organizing and leveraging teams of experts
