Management 3300 Final Exam – Mizzou
UPDATED Exam Questions and
CORRECT Answers
Said: "Efficiency is doing things right; effectiveness is doing the right things". - CORRECT
ANSWER - Peter Drucker
Said to be inventor(s) of public-private key encryption - CORRECT ANSWER -
Whitefield Diffie and Martin Hellman
Works at CERN, developed HTTP and HTML protocols/languages - CORRECT
ANSWER - Tim Berners Lee
Developed the Relational Database model - CORRECT ANSWER - Edgar F. Codd
Cracked German Enigma Codes. Proposed separating a computer's hardware from it's software -
CORRECT ANSWER - Allen Turning
Said to be inventor of the world wide web - CORRECT ANSWER - Tim Berners Lee
Leading authority on competitive strategy and the competitiveness and economic development of
nations, states, and regions - CORRECT ANSWER - Michael Porter
_____ are the costs that customers incur when they change suppliers.
A. Network costs
B. Switching costs
C. Overhead costs
D. Opportunity costs - CORRECT ANSWER - B. Switching Costs
,Which of the following best describes support activities?
A. Refers to activities directly related to the process by which products and services are created,
marketed, sold, and delivered
B. It refers to activities that help the transformation of raw materials to finished products
C. It refers to processes including administration and management, human resources,
procurement, and technology assistance
D. Refers to activities that comprise multiple tasks and are performed by one person or
department - CORRECT ANSWER - C. It refers to processes including administration and
management, human resources, procurement, and technology assistance
How can a company avoid the trap of competing only on price?
A. by keeping the price at a level higher than the competitors
B. by following a pricing strategy inconsistent with the market equilibrium
C. by differentiating the products or services that it offers
D. by selling at a price much lower than the competition - CORRECT ANSWER - C. By
differentiating the products and services that is has to offer
The ____ code defines how keyboard characters are encoded into digital strings of ones and
zeros.
A. T.61
B. ASCII
C. ANSEL
D. MARC-8 - CORRECT ANSWER - B. ASCII
_____ is a technology placed on tags that consist of small chips equipped with a microprocessor,
a tiny antenna to receive and transmit data, and sometimes a battery that stores information on
the tagged object's history.
A. GPS
B. RFID
C. GPRS
D. CDMA - CORRECT ANSWER - B. RFID
, Which of the following is true of a byte?
A. It holds eight zeros and ones and represents a single character
B. It holds twelve bits and represents a nibble
C. It is the equivalent of two key presses for text
D. It is the equivalent of a short, text-only email message - CORRECT ANSWER - A. It
holds eight zeros and ones and represents a single character
Which of the following is an accurate description of "Moore's Law"?
A. The cost of microprocessor chips is halved about every eighteen months
B. The amount of data that can be transmitted over an optical fiber cable doubles about every
nine months
C. The number of transistors fitting on a chip doubles about every four years
D. The cost of a semiconductor fabrication plant doubles about every four years - CORRECT
ANSWER - C. The number of transistors fitting on a chip doubles about every four years
Which of the following has raised questions regarding the ethical implications of companies
collecting and analyzing enormous amounts of customer data?
A. use of commercial off-the-shelf software
B. use of cloud computing
C. use of target advertising
D. use of open source software - CORRECT ANSWER - C. Use of target advertising
Software that is freely distributed, along with the code underlying the program, so that people
can access the code to improve it is known as ____.
A. legacy software
B. proprietary software
C. open source software
D. firmware - CORRECT ANSWER - C. Open Source Software
UPDATED Exam Questions and
CORRECT Answers
Said: "Efficiency is doing things right; effectiveness is doing the right things". - CORRECT
ANSWER - Peter Drucker
Said to be inventor(s) of public-private key encryption - CORRECT ANSWER -
Whitefield Diffie and Martin Hellman
Works at CERN, developed HTTP and HTML protocols/languages - CORRECT
ANSWER - Tim Berners Lee
Developed the Relational Database model - CORRECT ANSWER - Edgar F. Codd
Cracked German Enigma Codes. Proposed separating a computer's hardware from it's software -
CORRECT ANSWER - Allen Turning
Said to be inventor of the world wide web - CORRECT ANSWER - Tim Berners Lee
Leading authority on competitive strategy and the competitiveness and economic development of
nations, states, and regions - CORRECT ANSWER - Michael Porter
_____ are the costs that customers incur when they change suppliers.
A. Network costs
B. Switching costs
C. Overhead costs
D. Opportunity costs - CORRECT ANSWER - B. Switching Costs
,Which of the following best describes support activities?
A. Refers to activities directly related to the process by which products and services are created,
marketed, sold, and delivered
B. It refers to activities that help the transformation of raw materials to finished products
C. It refers to processes including administration and management, human resources,
procurement, and technology assistance
D. Refers to activities that comprise multiple tasks and are performed by one person or
department - CORRECT ANSWER - C. It refers to processes including administration and
management, human resources, procurement, and technology assistance
How can a company avoid the trap of competing only on price?
A. by keeping the price at a level higher than the competitors
B. by following a pricing strategy inconsistent with the market equilibrium
C. by differentiating the products or services that it offers
D. by selling at a price much lower than the competition - CORRECT ANSWER - C. By
differentiating the products and services that is has to offer
The ____ code defines how keyboard characters are encoded into digital strings of ones and
zeros.
A. T.61
B. ASCII
C. ANSEL
D. MARC-8 - CORRECT ANSWER - B. ASCII
_____ is a technology placed on tags that consist of small chips equipped with a microprocessor,
a tiny antenna to receive and transmit data, and sometimes a battery that stores information on
the tagged object's history.
A. GPS
B. RFID
C. GPRS
D. CDMA - CORRECT ANSWER - B. RFID
, Which of the following is true of a byte?
A. It holds eight zeros and ones and represents a single character
B. It holds twelve bits and represents a nibble
C. It is the equivalent of two key presses for text
D. It is the equivalent of a short, text-only email message - CORRECT ANSWER - A. It
holds eight zeros and ones and represents a single character
Which of the following is an accurate description of "Moore's Law"?
A. The cost of microprocessor chips is halved about every eighteen months
B. The amount of data that can be transmitted over an optical fiber cable doubles about every
nine months
C. The number of transistors fitting on a chip doubles about every four years
D. The cost of a semiconductor fabrication plant doubles about every four years - CORRECT
ANSWER - C. The number of transistors fitting on a chip doubles about every four years
Which of the following has raised questions regarding the ethical implications of companies
collecting and analyzing enormous amounts of customer data?
A. use of commercial off-the-shelf software
B. use of cloud computing
C. use of target advertising
D. use of open source software - CORRECT ANSWER - C. Use of target advertising
Software that is freely distributed, along with the code underlying the program, so that people
can access the code to improve it is known as ____.
A. legacy software
B. proprietary software
C. open source software
D. firmware - CORRECT ANSWER - C. Open Source Software
