MIS Correctly Solved Test [100% Correct Answers] UPDATED!!

MIS Correctly Solved Test [100% Correct Answers] UPDATED!! Friedman's The World is Flat *Ans* The internet and global communications had greatly expanded the opportunities for people to communicate with one another and reduced the economic and cultural advantages of developed countries. 6 business objectives of an information system *Ans* Operational Excellence New Products, Services and business Models Customer and Supplier Intimacy Improved Decision Making Competitive Advantage Survival Reasons why businesses invest in IT systems *Ans* Different skill sets of the different business majors *Ans* Know the different types of systems and their purpose and benefits *Ans* QueVision: Predict # of customers, Order online, pick up in store, Open additional cash registers Food Temperature Monitoring System: Issue alerts when cold food temperatures are unsafe ClickList: Order Online, Pick up in store Mobile Apps: Provide Shopping Lists and targeted ads and scan/bag items while shopping Know the positions within IT and what their roles are *Ans* Organization Technology: Managers use to cope with change and complexity People: Build and maintain the business Know the steps and what is involved in the 4 steps of problem solving *Ans* Problem Identification Solution Design Choice Implementation Know Porters 5 forces and pricing strategies as well as their individual impacts on competitive advantage *Ans* -Traditional Competitors -New Market Entrants -Substitute Products and Services -Customers -Suppliers Know what a Value Web is *Ans* Customer-driven network of independent firms who use information technology to coordinate their value chains to produce a product or service collectively for a market