OMIS 351 EXAMINATION QUESTIONS AND 100%
VERIFIED ANSWERS
What is the function that we have used in VC1 to search for relative grades in Grades Table? -
VLOOKUP
The ability to track customers, analyze campaign results, and modify tactics are the distinct
advantages offered by _____ to the field of marketing. - the Web
_______________ refers to a technology which can (among other things) be used to "track your
luggage at the airport" - RFID
Technology experts in the area of _____ specialize in technology for competitive advantage. -
strategy
Which of the following is OMIS 351 most likely to prepare you to do with regard to Electronic
Medical Records (EMR)? - Be able to suggest and discuss technology solution options for
EMR implementations
Which is considered a vision where low-cost sensors allows a vast network to collect data,
analyze input and automatically coordinate collective action - IoT
Which of the following is NOT a benefit of using Excel and web pages, as done in VC1? - If
you want to drop the lowest value (like a Quiz) in a range, and get the average of the remaining
values, use =AVERAGE(<range>,-1)
___________management systems are morphing into social media technologies that accelerate
the ability of firms to quickly organize and leverage teams of experts - Knowledge
The Harvard Business Review declared _______________ the "Sexiest Job of the Twenty-First
Century." - Data scientist
Which of the following is NOT a good example of a way technology could improve a business
process? - Use the most up-to-date smart phone technology.
The guy who "invented" sliced bread helps show us... - that we can match technology to
business problems.
If Jewel uses its Point of Sale terminals, along with a Preferred Card, at the cash register to store
information about individual's purchasing habits and then make strategic decisions with this
information, this is an example of: - Information Age business practices.
,Some of the radical changes brought about by new technologies include: - the creation of
an unprecedented set of security and espionage threats
Once you created the formula in Excel to calculate an OMIS 351 grade (say, in cell G2), what is
the fastest/easiest and correct way to apply that same formula to all of the students on the
sheet? - Use mouse to get black cross in lower right of G2, lets you auto-fill by dragging
What is a web site? - It's just a computer file or files (in html) that's on a "web server",
which is a computer that can "serve", or present, pages to anyone with a browser.
According to Dr. Downing, what is the information age? - When companies/people finally
realized that information is an asset
What is a business process? - A standardized set of activities that accomplish a specific
task, such as processing a customer's order
Which sort of initiative would be more likely to yield more money to a company? - An
effective change... Information Age change
What's a good example of information as an asset? - MasterCard using your payment
history to establish a credit score for you and selling it.
Crowdsourcing tools and question-and-answer sites like _____ allow firms to reach out for
expertise beyond their organizations. - Quora
When Dr. Downing holds up his left hand and his right hand, and then joins them together, what
point is he trying to make? - If you understand your business, and also understand
possible technology solutions, you can make a "match".
Which area of corporate law is connected to technology? - Privacy
Patents
Piracy
Intellectual property
The _____ department in an organization not only ensures that systems get built and keep
running but also take on strategic roles targeted at proposing solutions for how technology can
give the firm a competitive edge: - Information Systems
As discussed in class, the guy who "invented" sliced bread actually invented: - Neither
Bread or Slicing
, Dynamic pricing: - refers to pricing that shifts over time based on conditions associated
with product supply and demand.
Why is Unit 2 (this unit, "Strategic Frameworks") important? Pick the most important reason: -
Because I need to be able to determine whether a technology solution to a business
problem is beneficial for my organization.
Dell, previously the world's number one PC manufacturer, has seen its market share shrink
because of rivals copying its value chain and reducing the price advantage it enjoyed over rivals.
Dell's present struggles: - underscore the importance of continually assessing a firm's
strategic position among changing market conditions.
Which of these examples best illustrates the "Network Effects" lens? - The increasing
value of Dr. Downing's research conclusions, using classroom student surveys, as his class sizes
grow.
Viral promotion involves - leveraging a firm's customers to promote a product or service.
Which of the following terms is used as an alternative, with similar meaning, to switching costs?
- Lock-in
Which of the following strategies was followed by Amazon's founder to grow the company in
the early days? - He postponed profit harvesting.
_____ refers to performing different tasks than rivals or the same tasks in a different way. -
Strategic positioning
Which of the following is a source of bargaining power of buyers? - Greater choice of
products
According to Dr. Downing during class, when using the Value Chain Analysis "lens" to consider
competitive/strategic advantage, the main aspects companies should be examining are... -
How they manage to get stuff from their suppliers (inbound logistics), run their
operations, and get stuff to their customers (outbound logistics)
Which of the following statements about technology is true? - Technological
improvements can often be copied by rivals, leading to a profit-eroding arms race.
Apple's dominance of smartphone and tablet markets has allowed the firm to lock up 60
percent of the world's supply of advanced touch-screen displays, and to do so with better
pricing than would be available to smaller rivals. This is an example of: - a growing firm
gaining bargaining power with its suppliers or buyers.
VERIFIED ANSWERS
What is the function that we have used in VC1 to search for relative grades in Grades Table? -
VLOOKUP
The ability to track customers, analyze campaign results, and modify tactics are the distinct
advantages offered by _____ to the field of marketing. - the Web
_______________ refers to a technology which can (among other things) be used to "track your
luggage at the airport" - RFID
Technology experts in the area of _____ specialize in technology for competitive advantage. -
strategy
Which of the following is OMIS 351 most likely to prepare you to do with regard to Electronic
Medical Records (EMR)? - Be able to suggest and discuss technology solution options for
EMR implementations
Which is considered a vision where low-cost sensors allows a vast network to collect data,
analyze input and automatically coordinate collective action - IoT
Which of the following is NOT a benefit of using Excel and web pages, as done in VC1? - If
you want to drop the lowest value (like a Quiz) in a range, and get the average of the remaining
values, use =AVERAGE(<range>,-1)
___________management systems are morphing into social media technologies that accelerate
the ability of firms to quickly organize and leverage teams of experts - Knowledge
The Harvard Business Review declared _______________ the "Sexiest Job of the Twenty-First
Century." - Data scientist
Which of the following is NOT a good example of a way technology could improve a business
process? - Use the most up-to-date smart phone technology.
The guy who "invented" sliced bread helps show us... - that we can match technology to
business problems.
If Jewel uses its Point of Sale terminals, along with a Preferred Card, at the cash register to store
information about individual's purchasing habits and then make strategic decisions with this
information, this is an example of: - Information Age business practices.
,Some of the radical changes brought about by new technologies include: - the creation of
an unprecedented set of security and espionage threats
Once you created the formula in Excel to calculate an OMIS 351 grade (say, in cell G2), what is
the fastest/easiest and correct way to apply that same formula to all of the students on the
sheet? - Use mouse to get black cross in lower right of G2, lets you auto-fill by dragging
What is a web site? - It's just a computer file or files (in html) that's on a "web server",
which is a computer that can "serve", or present, pages to anyone with a browser.
According to Dr. Downing, what is the information age? - When companies/people finally
realized that information is an asset
What is a business process? - A standardized set of activities that accomplish a specific
task, such as processing a customer's order
Which sort of initiative would be more likely to yield more money to a company? - An
effective change... Information Age change
What's a good example of information as an asset? - MasterCard using your payment
history to establish a credit score for you and selling it.
Crowdsourcing tools and question-and-answer sites like _____ allow firms to reach out for
expertise beyond their organizations. - Quora
When Dr. Downing holds up his left hand and his right hand, and then joins them together, what
point is he trying to make? - If you understand your business, and also understand
possible technology solutions, you can make a "match".
Which area of corporate law is connected to technology? - Privacy
Patents
Piracy
Intellectual property
The _____ department in an organization not only ensures that systems get built and keep
running but also take on strategic roles targeted at proposing solutions for how technology can
give the firm a competitive edge: - Information Systems
As discussed in class, the guy who "invented" sliced bread actually invented: - Neither
Bread or Slicing
, Dynamic pricing: - refers to pricing that shifts over time based on conditions associated
with product supply and demand.
Why is Unit 2 (this unit, "Strategic Frameworks") important? Pick the most important reason: -
Because I need to be able to determine whether a technology solution to a business
problem is beneficial for my organization.
Dell, previously the world's number one PC manufacturer, has seen its market share shrink
because of rivals copying its value chain and reducing the price advantage it enjoyed over rivals.
Dell's present struggles: - underscore the importance of continually assessing a firm's
strategic position among changing market conditions.
Which of these examples best illustrates the "Network Effects" lens? - The increasing
value of Dr. Downing's research conclusions, using classroom student surveys, as his class sizes
grow.
Viral promotion involves - leveraging a firm's customers to promote a product or service.
Which of the following terms is used as an alternative, with similar meaning, to switching costs?
- Lock-in
Which of the following strategies was followed by Amazon's founder to grow the company in
the early days? - He postponed profit harvesting.
_____ refers to performing different tasks than rivals or the same tasks in a different way. -
Strategic positioning
Which of the following is a source of bargaining power of buyers? - Greater choice of
products
According to Dr. Downing during class, when using the Value Chain Analysis "lens" to consider
competitive/strategic advantage, the main aspects companies should be examining are... -
How they manage to get stuff from their suppliers (inbound logistics), run their
operations, and get stuff to their customers (outbound logistics)
Which of the following statements about technology is true? - Technological
improvements can often be copied by rivals, leading to a profit-eroding arms race.
Apple's dominance of smartphone and tablet markets has allowed the firm to lock up 60
percent of the world's supply of advanced touch-screen displays, and to do so with better
pricing than would be available to smaller rivals. This is an example of: - a growing firm
gaining bargaining power with its suppliers or buyers.
