CMIS 526 Exam 1 Questions & Answers
2024/2025
the - ANSWERS
E-business - ANSWERSAn organization that uses information technologies or systems to support nearly
every part of its business
IoT (Internet of Things) - ANSWERSA network that can automatically share data over the Internet
1) Mobile Devices
2) Social Media
3) Internet of Things
4) Cloud Computing
5) Big Data - ANSWERSWhat are the five IT megatrends?
Data - ANSWERSWhen processed, ______ transforms into information
Knowledge - ANSWERSThis is the ability to understand information, form opinions, and make decisions
or predictions based on the information
Information Systems - ANSWERSThis uses IT to collect, create, and distribute useful data
1) Hardware
2) Software
3) Telecommunications
4) Data/Information
5) People - ANSWERSWhat are the five components of Information Systems?
, They have a blend of technical, business, and system competency. - ANSWERSWhat makes IS personnel
so valuable?
Operational level (day to day tasks) - ANSWERSThis level of IS primarily focuses on process automation
Porter's Competitive Five Forces - ANSWERSWhen a company is trying to identify where to compete,
what should they be analyzing?
True - ANSWERST/F: IS can help offset many competitive forces to help firms meet customer demands
when customers have a high degree of bargaining power.
1) Rivals within industry
2) New entrants
3) Customer's bargaining power
4) Suppliers' bargaining power
5) Threat of substitute products - ANSWERSWhat are Porter's Five Forces?
Capabilities - ANSWERSThis reflects the organization's ability to leverage their resources in the
marketplace.
Value Chain Analysis - ANSWERSThe process of analyzing an organization's activities to determine where
value is added to products/services
Business Model - ANSWERSThis is a summary of a business's strategic direction that outlines how the
objectives will be achieved.
Revenue Model - ANSWERSThis describes how the firm will earn revenue, generate profits, and produce
a superior return on invested capital
True - ANSWERST/F: The most important ingredient for any organization is determining how to generate
revenue.
2024/2025
the - ANSWERS
E-business - ANSWERSAn organization that uses information technologies or systems to support nearly
every part of its business
IoT (Internet of Things) - ANSWERSA network that can automatically share data over the Internet
1) Mobile Devices
2) Social Media
3) Internet of Things
4) Cloud Computing
5) Big Data - ANSWERSWhat are the five IT megatrends?
Data - ANSWERSWhen processed, ______ transforms into information
Knowledge - ANSWERSThis is the ability to understand information, form opinions, and make decisions
or predictions based on the information
Information Systems - ANSWERSThis uses IT to collect, create, and distribute useful data
1) Hardware
2) Software
3) Telecommunications
4) Data/Information
5) People - ANSWERSWhat are the five components of Information Systems?
, They have a blend of technical, business, and system competency. - ANSWERSWhat makes IS personnel
so valuable?
Operational level (day to day tasks) - ANSWERSThis level of IS primarily focuses on process automation
Porter's Competitive Five Forces - ANSWERSWhen a company is trying to identify where to compete,
what should they be analyzing?
True - ANSWERST/F: IS can help offset many competitive forces to help firms meet customer demands
when customers have a high degree of bargaining power.
1) Rivals within industry
2) New entrants
3) Customer's bargaining power
4) Suppliers' bargaining power
5) Threat of substitute products - ANSWERSWhat are Porter's Five Forces?
Capabilities - ANSWERSThis reflects the organization's ability to leverage their resources in the
marketplace.
Value Chain Analysis - ANSWERSThe process of analyzing an organization's activities to determine where
value is added to products/services
Business Model - ANSWERSThis is a summary of a business's strategic direction that outlines how the
objectives will be achieved.
Revenue Model - ANSWERSThis describes how the firm will earn revenue, generate profits, and produce
a superior return on invested capital
True - ANSWERST/F: The most important ingredient for any organization is determining how to generate
revenue.
