MIS 304 Exam 1| 132 Questions and Answers(A+ Solution guide)

What is "Future Shock" - The rapid transition between waves of technology. Easy for young generation but harder for older generation to gras. What ages have we gone through? - Agriculture and Handiwork -->Industrial Revolution-->The Information Age (NOW) What are the Five Mega Trends in the Information Age - Mobile, Social Media, Internet of Things, Cloud Computing, Big Data (All of these trends impact our digital future) What is the Mobile trend? - Manage business in real time via mobile devices. What is the Social trend? - What you put out into the world spreads rapidly good or bad. (Twitter, LinkedIn) What is the Big Data trend? - Volume, Velocity, Variety, Veracity What is the Cloud Computing trend? - Dropbox and more external storage. What is the Internet of Things trend? - Putting a computer into everything. What is Globalization in this context? - Made possible by IT and technology enhancements. What are the driving impacts of Globalization - Economic Change -International trade, global finance, labor outsourcing Cultural change-Multiculturalism from media, international travel, ethnic foods Technological change -Computing and communication platforms, global patent and copyright laws What is outsourcing? - The moving of business processes or tasks to another company (doesn't imply overseas)