ASU CIS 105 FINAL EXAM QUESTIONS
WITH COMPLETE UPGRADED CORRECT
ANSWERS
Cash Cow - answer ✔✔-business jargon for a business venture that generates a steady return of profits
that far exceed the outlay of cash required to acquire or start it.
Magnetic Storage - answer ✔✔-or magnetic recording is the storage of data on a magnetized medium.
Magnetic storage uses different patterns of magnetisation in a magnetisable material to store data and
is a form of non-volatile memory.
Price Elasticity - answer ✔✔-measure used in economics to show the responsiveness, or elasticity, of the
quantity demanded of a good or service to a change in its price when nothing but the price changes.
More precisely, it gives the percentage change in quantity demanded in response to a one percent
change in price.
Bandwidth - answer ✔✔-The maximum rate of data transfer across a given path.
Microprocessor - answer ✔✔-A computer processor that incorporates the functions of a computer's
central processing unit on a single integrated circuit, or at most a few integrated circuits.
Silicon Wafer - answer ✔✔-also called a slice or substrate, is a thin slice of semiconductor material, such
as a crystalline silicon, used in electronics for the fabrication of integrated circuits and in photovoltaics
for conventional, wafer-based solar cells.
Cloud Computing - answer ✔✔-shared pools of configurable computer system resources and higher-
level services that can be rapidly provisioned with minimal management effort, often over the Internet.
Cloud computing relies on sharing of resources to achieve coherence and economies of scale, similar to
a public utility.
,Latency - answer ✔✔-a time interval between the stimulation and response, or, from a more general
point of view, a time delay between the cause and the effect of some physical change in the system
being observed
Natural Language Processing (NLP) - answer ✔✔-a subfield of computer science, information
engineering, and artificial intelligence concerned with the interactions between computers and human
(natural) languages, in particular how to program computers to process and analyze large amounts of
natural language data.
Reverse Engineering - answer ✔✔-also called back engineering, is the process by which a man-made
object is deconstructed to reveal its designs, architecture, or to extract knowledge from the object;
similar to scientific research, the only difference being that scientific research is about a natural
phenomenon.
Big Data - answer ✔✔-a term used to refer to data sets that are too large or complex for traditional
data-processing application software to adequately deal with. Data with many cases (rows) offergreater
statistical power, while data with higher complexity (more attributes or columns) maylead to a higher
false discovery rate.
Animatronics - answer ✔✔-to the use of cable pulled devices or motors to emulate a human or an
animal, or bring lifelike characteristics to an otherwise inanimate object.
What factors can help a firm establish network effects? (select all that apply) - answer ✔✔-Subsidize
Adoption
Move Early Strategy
Encourage the Development of Complementary Goods
Backward Compatibility
True or False- When network effects are present, the value of a product or service decreases as the
number of users grows. - answer ✔✔-False
___ is a term used to refer to data sets that are too large or complex for traditional data processing
application software to adequately deal with. - answer ✔✔-Big Data
, Volatile memory requires power to maintain stored information. Examples of volatile memory include: -
answer ✔✔-RAM
When a firm seeks to make an existing market a subset of its product offering (much like iPhone did with
iPod, Email, Browsing), it is called: - answer ✔✔-Envelopment
_______ computing stores data as a combination of bits, where a bit is either a one or a zero. ________
computing employs qubits that can be both one and zero at the same time. - answer ✔✔-Conventional;
Quantum
Instant messaging, where everyone can send and receive messages to one another, is an example of: -
answer ✔✔-One-Sided Market
Congestion effect occurs when: (select all that apply) - answer ✔✔--Increasing numbers of users lower
the value of a product or service
-A key resource becomes increasingly scarce as more users join the network
"Sasha scores an 'A' on every one of her tests. I bet she could be a good student leader." This is an
example of: - answer ✔✔-The Halo Effect
Which of the following are examples of the Halo Effect? (select all that apply) - answer ✔✔--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 that brand
-Charlie associates lower-priced products with lower quality
RAM inside your personal computer - answer ✔✔-volatile memory
Instead of competing with established firms in an existing network market, firms should seek
uncontested, new market spaces. This is called: - answer ✔✔-Blue Ocean Strategy
In ________ markets, users gain benefits from interacting with a separate, complementary class of
users. This is called _______ exchange benefit. - answer ✔✔-Two-Sided; Cross-side
WITH COMPLETE UPGRADED CORRECT
ANSWERS
Cash Cow - answer ✔✔-business jargon for a business venture that generates a steady return of profits
that far exceed the outlay of cash required to acquire or start it.
Magnetic Storage - answer ✔✔-or magnetic recording is the storage of data on a magnetized medium.
Magnetic storage uses different patterns of magnetisation in a magnetisable material to store data and
is a form of non-volatile memory.
Price Elasticity - answer ✔✔-measure used in economics to show the responsiveness, or elasticity, of the
quantity demanded of a good or service to a change in its price when nothing but the price changes.
More precisely, it gives the percentage change in quantity demanded in response to a one percent
change in price.
Bandwidth - answer ✔✔-The maximum rate of data transfer across a given path.
Microprocessor - answer ✔✔-A computer processor that incorporates the functions of a computer's
central processing unit on a single integrated circuit, or at most a few integrated circuits.
Silicon Wafer - answer ✔✔-also called a slice or substrate, is a thin slice of semiconductor material, such
as a crystalline silicon, used in electronics for the fabrication of integrated circuits and in photovoltaics
for conventional, wafer-based solar cells.
Cloud Computing - answer ✔✔-shared pools of configurable computer system resources and higher-
level services that can be rapidly provisioned with minimal management effort, often over the Internet.
Cloud computing relies on sharing of resources to achieve coherence and economies of scale, similar to
a public utility.
,Latency - answer ✔✔-a time interval between the stimulation and response, or, from a more general
point of view, a time delay between the cause and the effect of some physical change in the system
being observed
Natural Language Processing (NLP) - answer ✔✔-a subfield of computer science, information
engineering, and artificial intelligence concerned with the interactions between computers and human
(natural) languages, in particular how to program computers to process and analyze large amounts of
natural language data.
Reverse Engineering - answer ✔✔-also called back engineering, is the process by which a man-made
object is deconstructed to reveal its designs, architecture, or to extract knowledge from the object;
similar to scientific research, the only difference being that scientific research is about a natural
phenomenon.
Big Data - answer ✔✔-a term used to refer to data sets that are too large or complex for traditional
data-processing application software to adequately deal with. Data with many cases (rows) offergreater
statistical power, while data with higher complexity (more attributes or columns) maylead to a higher
false discovery rate.
Animatronics - answer ✔✔-to the use of cable pulled devices or motors to emulate a human or an
animal, or bring lifelike characteristics to an otherwise inanimate object.
What factors can help a firm establish network effects? (select all that apply) - answer ✔✔-Subsidize
Adoption
Move Early Strategy
Encourage the Development of Complementary Goods
Backward Compatibility
True or False- When network effects are present, the value of a product or service decreases as the
number of users grows. - answer ✔✔-False
___ is a term used to refer to data sets that are too large or complex for traditional data processing
application software to adequately deal with. - answer ✔✔-Big Data
, Volatile memory requires power to maintain stored information. Examples of volatile memory include: -
answer ✔✔-RAM
When a firm seeks to make an existing market a subset of its product offering (much like iPhone did with
iPod, Email, Browsing), it is called: - answer ✔✔-Envelopment
_______ computing stores data as a combination of bits, where a bit is either a one or a zero. ________
computing employs qubits that can be both one and zero at the same time. - answer ✔✔-Conventional;
Quantum
Instant messaging, where everyone can send and receive messages to one another, is an example of: -
answer ✔✔-One-Sided Market
Congestion effect occurs when: (select all that apply) - answer ✔✔--Increasing numbers of users lower
the value of a product or service
-A key resource becomes increasingly scarce as more users join the network
"Sasha scores an 'A' on every one of her tests. I bet she could be a good student leader." This is an
example of: - answer ✔✔-The Halo Effect
Which of the following are examples of the Halo Effect? (select all that apply) - answer ✔✔--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 that brand
-Charlie associates lower-priced products with lower quality
RAM inside your personal computer - answer ✔✔-volatile memory
Instead of competing with established firms in an existing network market, firms should seek
uncontested, new market spaces. This is called: - answer ✔✔-Blue Ocean Strategy
In ________ markets, users gain benefits from interacting with a separate, complementary class of
users. This is called _______ exchange benefit. - answer ✔✔-Two-Sided; Cross-side
