MBA 703 Quiz 2 Study Guide UPDATED ACTUAL Questions
and CORRECT Answers
The roles of people of organizations Information systems literacy, computer literacy, MIS
Information Systems Literacy Includes behavioral and technical approach.
Computer literacy Focuses mostly on knowledge of IT.
Management Information Systems (MIS) -Focuses on broader information systems literacy.
-Issues surrounding development, use, impact of information systems used by
managers and employees.
Information Systems are more than computers. True
Using information systems effectivity requires an the organization, people, and information technology shaping the systems.
understanding of
An information system provides a solution to important True
business problems or challenges facing the firm.
Dimensions of Information Systems organizations, people, technology
What's new in management information systems? 1. The mobile digital platform
2. Growth of "Big Data" and "Artificial Intelligence (AI)"
Three changes are affecting companies worldwide: 3. Growth of "cloud computing"
Technology: Changing business landscapes - Fueled globalization
- Redefined concepts of software and computing
New technologies have: - Crushed costs
- Fueled data-driven decision making
- Raised privacy and security concerns
The danger of relying on technology: - Sustainable competitive advantage: Finacial performance that consistently
outperforms industry averages.
Firms strive for sustainable competitive advantage: - Difficult to achieve due to the rapid emergence of new products and new
competitors.
The danger of relying on technology: - Watch a pioneer's efforts
- Learn from their success and missteps.
Fast follower problem exists when competitors: - Enter the market quickly with a comparable or superior product at a lower cost
before the first mover can dominate.
- Because technology can be matched quickly, firms that pioneer in technology
are especially susceptible to this problem.
and CORRECT Answers
The roles of people of organizations Information systems literacy, computer literacy, MIS
Information Systems Literacy Includes behavioral and technical approach.
Computer literacy Focuses mostly on knowledge of IT.
Management Information Systems (MIS) -Focuses on broader information systems literacy.
-Issues surrounding development, use, impact of information systems used by
managers and employees.
Information Systems are more than computers. True
Using information systems effectivity requires an the organization, people, and information technology shaping the systems.
understanding of
An information system provides a solution to important True
business problems or challenges facing the firm.
Dimensions of Information Systems organizations, people, technology
What's new in management information systems? 1. The mobile digital platform
2. Growth of "Big Data" and "Artificial Intelligence (AI)"
Three changes are affecting companies worldwide: 3. Growth of "cloud computing"
Technology: Changing business landscapes - Fueled globalization
- Redefined concepts of software and computing
New technologies have: - Crushed costs
- Fueled data-driven decision making
- Raised privacy and security concerns
The danger of relying on technology: - Sustainable competitive advantage: Finacial performance that consistently
outperforms industry averages.
Firms strive for sustainable competitive advantage: - Difficult to achieve due to the rapid emergence of new products and new
competitors.
The danger of relying on technology: - Watch a pioneer's efforts
- Learn from their success and missteps.
Fast follower problem exists when competitors: - Enter the market quickly with a comparable or superior product at a lower cost
before the first mover can dominate.
- Because technology can be matched quickly, firms that pioneer in technology
are especially susceptible to this problem.
