ISTM 210 Exam 1 Questions With 100% Verified Answers 2024

ISTM 210 Exam 1 Questions With 100% Verified Answers 2024 What is information? - answeruseful data What are the 9 basic building blocks? - answercustomer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure customer segments - answerall the people/organization for which you create value - simple users - paying customers value propositions - answerproducts and services that create value for customers channels - answerhow to deliver value customer relationships - answeroutline the type of relationship established with customers revenue streams - answerhow your business is capturing value key resources - answerinfrastructure to create, deliver, and capture value key activities - answershow what you need in order to perform well key partnerships - answerhow to leverage your business model cost structure - answercomes after you understand your companies infrastructure what is information technology firmly based in? - answerbusiness what is the primary business tool? - answerthe personal computer information technology - answerthe study, design, development, support, and management of computer-based information systems, particularly software & hardware end-users - answerpeople that use computers competency - answerthe knowledge that enables a person to understand something best practice - answera management process, technique, or method that is most effective at arriving at a desired outcome or better outcome than any other process, technique, or method Sarbanes-Oxley Act of 2002 - answerattempts to protect investors from accounting a reporting fraud Moore's Law - answercomputing power doubles every 18 months Leader - answer- AKA first adopter - those who buy new technology as it comes to market in the hopes that it will afford them a comparative advantage Follower - answerthose that abstain from buying new technology and wait for it to approve from its original version mainframe computers - answermassive, room-sized computers that process and store enormous amounts of bulk data and information - used by credit card companies midrange computers - answer- AKA minicomputers - less powerful and smaller in physical size than mainframe computers, but do many of the same things, simply on a smaller scale microcomputers - answersmaller than mainframes and midrange computers and are so common they are simply called "computers" desktop and laptop - answera desktop is made to reside on a desk and is not portable; laptop is designed specifically for portability handheld - answerAKA Personal Digital Assistants (PDAs) - compact, but not as powerful - used to organize information computer - answerhardware + system software hardware - answerphysical parts of the computer software - answera collection of computer programs that accomplish a specific task operating software - answer- AKA platform - considered to be system software software that manages the resources of a computer, like memory & application programs to ensure they are working correctly file management - answera way to store and organize files to the memory of a computer