CMIS 526 Exam 1

E-business - Answer- An organization that uses information technologies or systems to support nearly every part of its business IoT (Internet of Things) - Answer- A network that can automatically share data over the Internet 1) Mobile Devices 2) Social Media 3) Internet of Things 4) Cloud Computing 5) Big Data - Answer- What are the five IT megatrends? Data - Answer- When processed, ______ transforms into information Knowledge - Answer- This is the ability to understand information, form opinions, and make decisions or predictions based on the information Information Systems - Answer- This uses IT to collect, create, and distribute useful data 1) Hardware 2) Software 3) Telecommunications 4) Data/Information 5) People - Answer- What are the five components of Information Systems? They have a blend of technical, business, and system competency. - Answer- What makes IS personnel so valuable? Operational level (day to day tasks) - Answer- This level of IS primarily focuses on process automation Porter's Competitive Five Forces - Answer- When a company is trying to identify where to compete, what should they be analyzing? True - Answer- T/F: IS can help offset many competitive forces to help firms meet customer demands when customers have a high degree of bargaining power. 1) Rivals within industry 2) New entrants 3) Customer's bargaining power 4) Suppliers' bargaining power 5) Threat of substitute products - Answer- What are Porter's Five Forces?