MIS 301 EXAM QUESTIONS AND VERIFIED ACCURATE
ANSWERS
In the context of network effects, the term "network refers to the? - Answers - A
common user base utilized to communicate and share with one another
The three sources of value for network effects include ____, staying power, and -
Answers - Exchange
decisions in a process map are represented using a - Answers - diamond
Why is apple pay a good example of a two-sided market? - Answers - buyers attract
sellers and vice versa
One-way firms seek to strengthen their platforms and encourage third parties to develop
complementary goods is by - Answers - Offering APIs
What major part of facebooks revenue comes from? - Answers - advertising
What is Software - Answers - set of instructions that tell the hardware what to do
if electronic now travel half the distance to make a calculation, that means the chip is -
Answers - twice as fast
the ___ is considered the brain of a computing device - Answers - central processing
unit
an organization ___ department ensures that systems get built and keep running -
Answers - information system
technology experts in the area of __ work to make sure systems are intuitive and easy
to use - Answers - user-interface design
the phrase __ refers to the number of times inventory is sold or used during a year -
Answers - inventory turns
___ is a financial performance that consistently outperforms the industry average -
Answers - sustainable competitive advantage
TorF: Facebook leads social media innovation and rarely imitates products from
competitors - Answers - false
____ are costs that customers incur when moving from one product to another -
Answers - switching cost
, service dominance logic - Answers - Ex. Buying kindle, but purchasing books through
kindle
good dominance logic - Answers - Ex. clothes, tangible items
When a single firm owns several layers in its value chain is said to be__ - Answers -
vertical integration
Zara inventory system - Answers - RFID
advertising can build ___ but brands are built through __ - Answers - awareness;
customer experience
the phenomenon whereby a firm can make money by selling an unlimited number of
inventories - Answers - the long tail
When firms find themselves in situations where they are both competitors and partners,
the situation is called ____ - Answers - cooperation
removing an organization from a firms distribution channel, thereby collapsing the path
between suppliers and customers - Answers - disintermediation
the kind of data that refines netflix algorithms is largely done via ___ - Answers -
machine learning
microprocessors with two or more calculating processors cores on the same piece of
silicon are known as: - Answers - multicore processors
with ___, firms place special software on its existing PSc or servers that enable these
computers to work together on a common problem - Answers - grid computing
to achieve a negative cash conversion cycle, a firm would want to - Answers - pay later,
sell now
Omnichannel - Answers - when a physical and online store collab
_____ earns more advertising revenue than any other media company - Answers -
google
Tech impact is reaching even beyond the confines of Earth itself. According to an
example in your chapter, how was a tool on the International Space Station recently
acquired? - Answers - was printed on-demand using 3D printing
which firm was recognized as being both the most valuable firm in the US as well as the
most profitable? - Answers - apple
ANSWERS
In the context of network effects, the term "network refers to the? - Answers - A
common user base utilized to communicate and share with one another
The three sources of value for network effects include ____, staying power, and -
Answers - Exchange
decisions in a process map are represented using a - Answers - diamond
Why is apple pay a good example of a two-sided market? - Answers - buyers attract
sellers and vice versa
One-way firms seek to strengthen their platforms and encourage third parties to develop
complementary goods is by - Answers - Offering APIs
What major part of facebooks revenue comes from? - Answers - advertising
What is Software - Answers - set of instructions that tell the hardware what to do
if electronic now travel half the distance to make a calculation, that means the chip is -
Answers - twice as fast
the ___ is considered the brain of a computing device - Answers - central processing
unit
an organization ___ department ensures that systems get built and keep running -
Answers - information system
technology experts in the area of __ work to make sure systems are intuitive and easy
to use - Answers - user-interface design
the phrase __ refers to the number of times inventory is sold or used during a year -
Answers - inventory turns
___ is a financial performance that consistently outperforms the industry average -
Answers - sustainable competitive advantage
TorF: Facebook leads social media innovation and rarely imitates products from
competitors - Answers - false
____ are costs that customers incur when moving from one product to another -
Answers - switching cost
, service dominance logic - Answers - Ex. Buying kindle, but purchasing books through
kindle
good dominance logic - Answers - Ex. clothes, tangible items
When a single firm owns several layers in its value chain is said to be__ - Answers -
vertical integration
Zara inventory system - Answers - RFID
advertising can build ___ but brands are built through __ - Answers - awareness;
customer experience
the phenomenon whereby a firm can make money by selling an unlimited number of
inventories - Answers - the long tail
When firms find themselves in situations where they are both competitors and partners,
the situation is called ____ - Answers - cooperation
removing an organization from a firms distribution channel, thereby collapsing the path
between suppliers and customers - Answers - disintermediation
the kind of data that refines netflix algorithms is largely done via ___ - Answers -
machine learning
microprocessors with two or more calculating processors cores on the same piece of
silicon are known as: - Answers - multicore processors
with ___, firms place special software on its existing PSc or servers that enable these
computers to work together on a common problem - Answers - grid computing
to achieve a negative cash conversion cycle, a firm would want to - Answers - pay later,
sell now
Omnichannel - Answers - when a physical and online store collab
_____ earns more advertising revenue than any other media company - Answers -
Tech impact is reaching even beyond the confines of Earth itself. According to an
example in your chapter, how was a tool on the International Space Station recently
acquired? - Answers - was printed on-demand using 3D printing
which firm was recognized as being both the most valuable firm in the US as well as the
most profitable? - Answers - apple
