BCOR 330 exam 1 questions and answers

BCOR 330 exam 1 questions and answers Digital Revolution the conversion from mechanical and analog devices to digital devices Bells Law States that "a new computer class forms roughly each decade establishing a new industry" Moores Law Stated that because of technology improvements in electronic chip design and manufacturing, "the number of transistors per square inch on an integrated chip doubles every 18 months" computers are getting faster. the cost of data processing is approaching zero Metcalfe Law States that the value of network is equal to the square of the number of users connected to it. As more digital devices are connected together, the value of the network will increase. Nielsen's Law Says that, network connection speed for high-end users will increase by 50% per year. As networks become faster, new companies, new products, and new platforms will emerge. Kryder's Law Says that the storage density on magnetic disks increasing at an exponential rate. Digital storage is so important its one of the first questions you ask when buying a new computer. What are Skills? (from Robert Reich.) 1. Abstract thinking 2. systems thinking 3. collaboration 4. ability to experiment What are Data characteristics? 1. Accurate 2. Timely 3. Relevant - to context - to subject 4. Just Barely sufficient 5. Worth its cost What is the most important between collaborators? Being able to disagree and provide critical feedback What is a good way to set a date for a meeting involving multiple people? 1. Set a D Survery 2. Consult the synchronized calendar of the company and propose a date via e-mail Abstract reasoning the ability to make and manipulate models. ex: construct a model or representation Systems Thinking the ability to model the components of the system to connect the inputs and outputs among those components into a sensible whole that reflects the structure and dynamics of the phenomenon observed ex: Model system components Collaboration the activity of two or more people working together to achieve a common goal VIA. process of feedback and iteration. Ex: develop ideas and plan with others Provide and receive critical feedback The ability of Experimentation the ability to develop a reasoned analysis of an opportunity, envisioning potential solutions, evaluating those possibilities, and developing the most promising ones, consistent with the resources you have. Porters Five Forces 1. Barrier to Entry 2. Threat of Substitutes 3. Bargaining power of customers 4. Rivalry 5. Bargaining power of suppliers Primary Activities ex: 1. Operations / Manufacturing 2 .Inbound Logistics 3. Outbound logistics 4. Sales and marketing 5. Customer service The collection of servers called a __________ coordinates the activities of hundreds of users. Server Farm Objects are becoming more connected and this trend is expected to continue. The concept of objects becoming increasingly connected is called​ ____ Internet Of Things Functions of the Operating System 1. Starting and Stopping Programs 2. Performing memory swapping 3. facilitate back-up recovery 4. allocating main memory NOT: Accessing a database The 5- Component Framework 1. Hardware 2. Software 3. Data 4. Procedures 5. People NOT: Information The Technology Acceptance Model I.S model that provides a way to understand why people adopt technology. A Model should be_________ Simple as possible Metcalfe's Law is about______ Value of Networks Which of Robert Reich's managerial skills are important for one individual to be able to model? Abstract Reasoning & System Thinking What is M.I.S? ( Management Information Systems ) The management and use of information systems that help organizations achieve their strategies. Information System An assembly of hardware, software, data, procedures, and people that produces information. Information Technology refers to the products, methods, and inventions, and standards used for the purpose of producing information. Why do information systems exist? to help organizations achieve their strategies. High Tech vs. Low Tech Information Systems High tech has the ability to move more work from the human side to the computer side. The computer is providing more services on behalf of the humans. Low Tech moves only a small amount of work from the human side to the computer side. Information Has many definitions. The important point is that you discriminate between data and information. Knowledge derived from data. Ex: James Smith earns 70 per hour and Mary earns 60 per hour. THIS IS DATA INFORMATION would be the statement: the average hourly wage of the people is 60 per hour. Microsofts guidelines to a "strong password" 1. Have at least 10 characters 2. not contain your username, real name or company name 3. not contain a complete word 4. be different than your previous passwords 5. Contain both upper and lower case System A group of components that interact to achieve some purpose. The Information Age a period in history where the production, distribution, and control of information is the primary driver of the economy Cooperation a group of people working together, all doing essentially the same type of work The most important characteristics for an effective collaborator 1. Speaks his or her mind even if its an unpopular viewpoint 2. Is willing to enter into difficult conversations 3. Is skillful at giving/ receiving negative feedback 4. Is willing to put forward unpopular ideas 5. Thinks differently than i do/ brings different perspectives What the three Criteria for Successful Collaboration? 1. Succesful outcome 2. Growth in team capability 3. meaningful and satisfying experience What are the 4 primary purposes of Collaboration? 1. become informed ( most fundamental collar. purpose ) 2. make decisions 3. solve problems 4. manage projects The three level of decisions 1. operational 2. managerial 3. strategic Operational Decisions Decisions that support day-to-day activities Managerial Decisions Decisions about the allocation and utilization of resources ex: How many square feet of warehouse space do we need for the coming year? Strategic Decisions Decisions that support broad-scope organizational issues ex: Should we start a new product line? A structured decision an understood and accepted method for making a decision ex: a formula for computing the reorder quantity of an item in inventory An Unstructured Decision when there is no agreed-on-decision-making method. ex: predicting the future direction of the economy or the stock market Problem a perceived difference between what is and what ought to be. Its a perception, different people can have a different definition for a problem the phases of project management 1. Identify the problem 2. Identify alternative solutions 3. Specify evaluation criteria 4. Evaluate alternatives 5. Select an alternative 6. Implement Solution the summarized 4 phases of project management 1. Starting 2. Planning 3. Doing 4. Finalizing Collaboration System an information system that supports collaboration Project Data data that is part of the collaborations work product Subject to iteration and feedback ex: At team designing a new product. Design documents are examples of project data Project Metadata data used to manage the project. subject to iteration and feedback ex: Schedules, tasks, budgets. Synchronous communication when all team members meet at the same time ex: conference calls or face-to-face meetings, Webinars, screen sharing, videoconferencing Asynchronous communication occurs when team members do not meet at the same time ex: employees who work different shifts or team members who work in different time zones. ex: discussion forms, email, team surveys Virtual Meetings when participants do not meet in the same place and possibly not at the same time screen-sharing applications enable users to view the same whiteboard, app., or other display. Webinar a virtual meeting in which attendees view one of the attendees computer screens for a more formal and organized presentation. Examples of videoconferancing Google handouts WebEX Skype for Business Team surveys one team member creates a list of questions and other team members respond Version Management track changes to documents and provide features and functions to accommodate concurrent work. Version Control the process that occurs when the collaboration tool limits, and sometimes even directs, user activity. Workflow Control manage activities in a predefined process. the Minimal Collaboration Tool set with this tool set you will get little support from the software. Text only. The Good Collaboration Tool Set with this tool set you will have the ability to conduct multiparty audio and video meeting and support from other documents NO WIKIS OR BLOGS The Comprehensive Collaboration Tool set Office 365. Best of the three collaboration tool sets. includes content management and control, workflow control, and online meetings. Power curve a graph that shows the relationship of the power as a function of time using that product The Organizational strategy industry structure > competitive strategy > Value chains > Business Processes > Information Systems An organization responds to the structure of its industry by choosing a ____________ Competitive Strategy Bargaining Power of customers EX: a large account wants more services or products at a lower price ( because they have large volume ) Threat of Substitutions EX: Frequent traveler's choice of auto rental OR Replacing drones with wireless IP cameras Bargaining power of suppliers EX: New car dealers ( because they control what the "true price" of a vehicle is ) Threat of new entrants EX: Corner latte stand ( because it is an easy business to replicate ) Rivalry EX: Used car dealers ( because there are many to choose from ) Value the amount of money that a customer is willing to pay for a resource, product, or service The Margin the difference b/t the value than activity generates and the cost of the activity Value Chain A network of value-creating activities This generic chain consists of 5 primary activities and 4 support activities