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Exam 1 (4).

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Exam of 5 pages for the course Chapter 5: Time Value of Money at Chapter 5: Time Value of Money (Exam 1 (4).)

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Exam 1

Transaction Processing Systems (TPS) are very modern and intricate information systems. -
ANS-false

Enterprise Resource Planning (ERP) systems are designed to integrate and manage all of the
different business units that comprise an organization such as human resources, accounting,
manufacturing, finance, and supply-chain management. - ANS-true

The relationship of multiple data points is called "information." - ANS-true

The applications that can be run on the computer system, including the operating system, are
known as "hardware." - ANS-false

The physical components that make up the computer system such as the processor, physical
storage (hard drive), memory (RAM), and the network card are collectively known as "software."
- ANS-false

Software are the physical components that make up the system such as the processor, physical
storage (hard drive), memory (RAM), and the network card. - ANS-false

Technology is an ensemble of computer hardware and software that collects, stores, processes,
and manipulates data. - ANS-false

Data, in and of itself, does not convey information. - ANS-true

A data set is an application that stores data. - ANS-false

Contextual interdependence and understanding increase as data is transformed into information
then knowledge and wisdom. - ANS-true

You can filter results from the LionSearch tool by whether or not they are available online. -
ANS-true

Information systems can contribute to sustainable competitive advantage by increasing
operational efficiency. - ANS-true

The failure of information systems is often rooted in organizational cultural issues. - ANS-true

Moore's Law predicts that computing power will double every 28 months. - ANS-false

, Moore's Law predicts that computing power will double every 18 months. - ANS-true

AND, OR, and NOT are called Boolean operators and they can be used to improve the quality
of a query. Which of the following is NOT true? - ANS-AND links similar concepts or ideas.

Information systems are not a source of competitive advantage because they can become a
commodity very quickly. - ANS-true

Which of the following is not one of the reasons Markus and Benjamin include as reasons IT
projects fail? - ANS-Users can provide input throughout the design process

With regards to new technologies, Nicholas Carr says that a company should focus on
vulnerabilities, not opportunities. - ANS-true

Implementing information systems MAY produce a sustainable competitive advantage when
done in conjunction with other organizational changes, such as pricing power, barriers to entry,
or product differentiation. - ANS-true

Cloud computing is only used for business applications. - ANS-false

There are two general types of software: operating systems and applications. - ANS-true

Microsoft Windows, Apple's OS X, and Linux are the three most heavily used operating systems
for desktops and laptops. - ANS-true

Business and technology roles are slowly beginning to overlap. - ANS-true

"New Data" is the overarching concept that organizations have information storehouses that are
so large they cannot be practically managed. - ANS-false

Which executive in an organization is responsible for protecting the data within a company as
an asset of the firm? - ANS-Chief Data Officer (CDO)

Netflix is an example of a cloud application. - ANS-true

Which executive in an organization is responsible for the physical security within a firm? -
ANS-Chief Security Officer (CSO)

Hardware is the written program that tells a computer how to operate. - ANS-false

Google Docs is an example of a cloud application. - ANS-true

Communication is not an important part of systems development. - ANS-false

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