MGMT 107 Midterm Exam with verified ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answers
The most important component of an information system is:
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A. Hardware ||\\//||
B. Software ||\\//||
C. People ||\\//||
D. Data - correct answer✔✔People
||\\//|| ||\\//|| ||\\//|| ||\\//||
5 components of Information systems - correct answer✔✔1. Hardware
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
2. Software ||\\//||
3. People ||\\//||
4. Data ||\\//||
5. Procedures
||\\//||
Components of IS that are IT - correct answer✔✔Hardware ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Software
Data
Diff between IT and IS - correct answer✔✔IT can be bought (tangible) but IS cannot be
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
bought
Why is IS essential to business? - correct answer✔✔business people deal w people and
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
procedures of the business ||\\//|| ||\\//|| ||\\//||
,relationship between IT and Business - correct answer✔✔supply and demand ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
In the supply and demand relationship between IT and business, people tell IT what is
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
needed (________________) and IT will provide the ________________ - correct
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answer✔✔demand; supply ||\\//||
In order to be cost-effective, information must be:
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A. Timely ||\\//||
B. and input ot another system
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
C. Comprehensive
||\\//||
D. Worth the cost of producing it - correct answer✔✔Worth the cost of producing it
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
The intesntiy of each of Porter's Five Forces determines:
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A. Bargaining power of buyers
||\\//|| ||\\//|| ||\\//|| ||\\//||
B. How profitable the industry is
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
C. How long the company will be in business
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
D. How high the entry barriers will be - correct answer✔✔How profitable the industry is
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Porter's Five Forces - correct answer✔✔1. bargaining powers of suppliers
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
2. bargaining power of customers
||\\//|| ||\\//|| ||\\//|| ||\\//||
3. threat of substitutes
||\\//|| ||\\//|| ||\\//||
4. threat of new entrance
||\\//|| ||\\//|| ||\\//|| ||\\//||
5. rivalry
||\\//||
bargaining forces of Porter's Five Fores - correct answer✔✔bargaining power of suppliers ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
bargaining power of customers ||\\//|| ||\\//|| ||\\//||
,competitive forces of Porter's Five Forces - correct answer✔✔threat of substitutes ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
threat of new entrance ||\\//|| ||\\//|| ||\\//||
rivalry
The NFL is the undisputed leader in Pro American football industry. Recent attempts to
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
launch competing leagues (AFL, XFL) have been unsuccessful, but the NFL is compelled to
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
spend an enormous amount of money and effort innovating and marketing its
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
entertainment services. This is an example of which force? - correct answer✔✔Threat of ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
new entrants ||\\//||
Locking in customers and suppliers to your company's products or service is an example of ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- correct answer✔✔Switching costs
||\\//|| ||\\//|| ||\\//||
Apple making macbooks, iPads, and iPhones all interlinked makes it difficult to switch
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
(costs more to have a macbook with a samsung phone than a macbook w an iPhone) What
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
is this an example of? - correct answer✔✔switching costs
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
businesses seek to use IT in order to gain ______ over other businesses seeking the same ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
customers - correct answer✔✔competitive advantage ||\\//|| ||\\//|| ||\\//|| ||\\//||
every stage of the value chain accumulates ______________ and adds value to the product -
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
correct answer✔✔costs
||\\//|| ||\\//||
equation for Margin per activity - correct answer✔✔Value - Cost = Margin ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
2 types of activites - correct answer✔✔1. primary
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
2. supporting ||\\//||
, Total Margin for a Business - correct answer✔✔Total margin for primary activites + total
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
margin for supporting activities = total margin for business ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
a strategic ____________- w/ other organizations might be used to establish standards,
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
reduce purchasing costs, and jointly promote products - correct answer✔✔alliance
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
in a one-to-many relationship, the foreign key is stored in the table on the _________ side
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
of the relationship - correct answer✔✔many
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
the primary key of one entity stored in another entity and thereby establishing a
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
relationship - correct answer✔✔foreign key ||\\//|| ||\\//|| ||\\//|| ||\\//||
when transforming a data model into a database design, designers represent relationships
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
by - correct answer✔✔using foreign keys
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
private IP addresses are valid within ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A. LAN (local rea network)
||\\//|| ||\\//|| ||\\//|| ||\\//||
B. WAN (wide area network)
||\\//|| ||\\//|| ||\\//|| ||\\//||
C. Internet ||\\//|| ||\\//||
D. domain - correct answer✔✔LAN
||\\//|| ||\\//|| ||\\//|| ||\\//||
collection of WANs - correct answer✔✔Internet ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
subdivision of WAN - correct answer✔✔domain ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answers
The most important component of an information system is:
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A. Hardware ||\\//||
B. Software ||\\//||
C. People ||\\//||
D. Data - correct answer✔✔People
||\\//|| ||\\//|| ||\\//|| ||\\//||
5 components of Information systems - correct answer✔✔1. Hardware
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
2. Software ||\\//||
3. People ||\\//||
4. Data ||\\//||
5. Procedures
||\\//||
Components of IS that are IT - correct answer✔✔Hardware ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Software
Data
Diff between IT and IS - correct answer✔✔IT can be bought (tangible) but IS cannot be
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
bought
Why is IS essential to business? - correct answer✔✔business people deal w people and
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
procedures of the business ||\\//|| ||\\//|| ||\\//||
,relationship between IT and Business - correct answer✔✔supply and demand ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
In the supply and demand relationship between IT and business, people tell IT what is
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
needed (________________) and IT will provide the ________________ - correct
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
answer✔✔demand; supply ||\\//||
In order to be cost-effective, information must be:
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A. Timely ||\\//||
B. and input ot another system
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
C. Comprehensive
||\\//||
D. Worth the cost of producing it - correct answer✔✔Worth the cost of producing it
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
The intesntiy of each of Porter's Five Forces determines:
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A. Bargaining power of buyers
||\\//|| ||\\//|| ||\\//|| ||\\//||
B. How profitable the industry is
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
C. How long the company will be in business
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
D. How high the entry barriers will be - correct answer✔✔How profitable the industry is
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Porter's Five Forces - correct answer✔✔1. bargaining powers of suppliers
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
2. bargaining power of customers
||\\//|| ||\\//|| ||\\//|| ||\\//||
3. threat of substitutes
||\\//|| ||\\//|| ||\\//||
4. threat of new entrance
||\\//|| ||\\//|| ||\\//|| ||\\//||
5. rivalry
||\\//||
bargaining forces of Porter's Five Fores - correct answer✔✔bargaining power of suppliers ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
bargaining power of customers ||\\//|| ||\\//|| ||\\//||
,competitive forces of Porter's Five Forces - correct answer✔✔threat of substitutes ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
threat of new entrance ||\\//|| ||\\//|| ||\\//||
rivalry
The NFL is the undisputed leader in Pro American football industry. Recent attempts to
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
launch competing leagues (AFL, XFL) have been unsuccessful, but the NFL is compelled to
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
spend an enormous amount of money and effort innovating and marketing its
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
entertainment services. This is an example of which force? - correct answer✔✔Threat of ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
new entrants ||\\//||
Locking in customers and suppliers to your company's products or service is an example of ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
- correct answer✔✔Switching costs
||\\//|| ||\\//|| ||\\//||
Apple making macbooks, iPads, and iPhones all interlinked makes it difficult to switch
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
(costs more to have a macbook with a samsung phone than a macbook w an iPhone) What
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
is this an example of? - correct answer✔✔switching costs
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
businesses seek to use IT in order to gain ______ over other businesses seeking the same ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
customers - correct answer✔✔competitive advantage ||\\//|| ||\\//|| ||\\//|| ||\\//||
every stage of the value chain accumulates ______________ and adds value to the product -
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
correct answer✔✔costs
||\\//|| ||\\//||
equation for Margin per activity - correct answer✔✔Value - Cost = Margin ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
2 types of activites - correct answer✔✔1. primary
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
2. supporting ||\\//||
, Total Margin for a Business - correct answer✔✔Total margin for primary activites + total
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
margin for supporting activities = total margin for business ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
a strategic ____________- w/ other organizations might be used to establish standards,
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
reduce purchasing costs, and jointly promote products - correct answer✔✔alliance
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
in a one-to-many relationship, the foreign key is stored in the table on the _________ side
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
of the relationship - correct answer✔✔many
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
the primary key of one entity stored in another entity and thereby establishing a
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
relationship - correct answer✔✔foreign key ||\\//|| ||\\//|| ||\\//|| ||\\//||
when transforming a data model into a database design, designers represent relationships
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
by - correct answer✔✔using foreign keys
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
private IP addresses are valid within ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
A. LAN (local rea network)
||\\//|| ||\\//|| ||\\//|| ||\\//||
B. WAN (wide area network)
||\\//|| ||\\//|| ||\\//|| ||\\//||
C. Internet ||\\//|| ||\\//||
D. domain - correct answer✔✔LAN
||\\//|| ||\\//|| ||\\//|| ||\\//||
collection of WANs - correct answer✔✔Internet ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
subdivision of WAN - correct answer✔✔domain ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
