IS 301 Lecture 2 Exam Questions and
Correct Answers.
T or F: IBM was credited with inventing what we think of today as the electronic computer
in the late 1930s.
False
T or F: A company such as Cisco is considered a digital firm because they sell digital
computer and networking equipment.
False
What is called "the biggest accounting operation of all time"?
Social Security
What is the difference between data and information?
Data are generally raw facts, while information has been shaped in some way to make it useful.
T or F: One common business process is called order-to-cash. The process considers all of
the steps to receive a customer order, ship it, bill the customer, and ultimately receive
payment.
True
T or F: Value chain analysis views a business as a set of activities (processes). They
are divided into primary activities and support activities.
True
T or F: The original introduction of the automobile would be considered a disruptive
technology by Clayton Christensen.
False
Correct Answers.
T or F: IBM was credited with inventing what we think of today as the electronic computer
in the late 1930s.
False
T or F: A company such as Cisco is considered a digital firm because they sell digital
computer and networking equipment.
False
What is called "the biggest accounting operation of all time"?
Social Security
What is the difference between data and information?
Data are generally raw facts, while information has been shaped in some way to make it useful.
T or F: One common business process is called order-to-cash. The process considers all of
the steps to receive a customer order, ship it, bill the customer, and ultimately receive
payment.
True
T or F: Value chain analysis views a business as a set of activities (processes). They
are divided into primary activities and support activities.
True
T or F: The original introduction of the automobile would be considered a disruptive
technology by Clayton Christensen.
False
