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JMU COB 204 Final Exam Questions All Solved Correct Updated.

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nonroutine cognitive skills - Answer -abstract reasoning -systems thinking -collaboration -ability to experiment abstract reasoning - Answer ability to make and manipulate models systems thinking - Answer ability to model the components of a system system - Answer group of components that interact to achieve some purpose information system - Answer group of components that interact to produce information 5-component framework (for information systems) - Answer hardware, software, data, procedures, and people Information Technology - Answer hardware, software, & data information - Answer knowledge derived from data necessary data characteristics? - Answer accurate timely relevant -to context - to subject just sufficient worth its cost types of decisions: - Answer operational decisions - about operational, day-to day activities managerial decisions

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JMU COB 204 Final Exam Questions
All Solved Correct 2025-2026 Updated.
nonroutine cognitive skills - Answer -abstract reasoning

-systems thinking

-collaboration

-ability to experiment



abstract reasoning - Answer ability to make and manipulate models



systems thinking - Answer ability to model the components of a system



system - Answer group of components that interact to achieve some purpose



information system - Answer group of components that interact to produce information



5-component framework (for information systems) - Answer hardware, software, data,
procedures, and people



Information Technology - Answer hardware, software, & data



information - Answer knowledge derived from data



necessary data characteristics? - Answer accurate

timely

relevant

-to context

- to subject

just sufficient

worth its cost

, -decisions about the allocation and utilization of resources



strategic decisions

-support broad-scope, organizational issues



structured vs unstructured decision process - Answer structured decision process is one for
which there is an understood and accepted method for making the decision



problem - Answer perceived deference between what is and what ought to be



collaboration tool - Answer program component of a collaboration info system



synchronous communication vs asynchronous - Answer synchronous communication- when
all team members are communicating or meeting at the same time (conference call or
meetings)



webinar - Answer virtual meeting in which attendees view one of the attendees' computer
screen



porter's 5 forces model of industry structure - Answer -bargaining power of customers

-bargaining power of suppliers

-threat of substitution

-threat of new entrants

-rivalry



competitive strategy - Answer -cheap or quality

-entire industry or specific market in industry



margin= - Answer value-cost



value - Answer amount of money a customer is willing to pay for a good

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