CIS 105 Final Exam Study Guide Questions & Answers 100% Correct!

Why is it difficult to address the problem of Electronic Waste? - ANSWERS-Nefarious actions of those willing to put profits above principle -Vagaries of international law -Complexities of the modern value chain From a strategic perspective, the trend of "cheaper and faster" technology suggest that what is impossible from a cost or performance perspective today may be possible in the future - ANSWERSTrue What factors can help a firm establish network effects? - ANSWERS-Encourage the development of complementary goods -Backward compatibility -Move early strategy -Subsidize adoption It is possible that a network may have both same-side and cross-side benefits - ANSWERSTrue Instead of competing with established firms in an existing network market, firms should seek uncontested, new market spaces. This is called: - ANSWERSBlue Ocean Strategy When network effects are present, the value of a product or service decreases as the number of users grow - ANSWERSFalse When two or more markets, once considered distinctly separate, begin to offer similar features and capabilities, it is called: - ANSWERSConvergence ----- computing stores data as a combination of bits, where a bit is either one or zero. -------- computing employs qubits that can be both one and zero at the same time - ANSWERSConventional; Quantum Which of the following can lead to the Halo Effect cognitive bias while electing a leader? - ANSWERSBase your judgement solely on advertising, branding and media Which of the following are examples of the Halo Effect? - ANSWERS-Charlie associates lower-priced products with lower quality -The packaging of a product influences Ben's opinion of the product -Anna's impression of a brand influences her opinion of the products associated with