MIST 2090 Part A Final Exam Quizzes & Answers(Latest Update 2024)

Quiz 1 Results - ANSWER "Creative Destruction" refers to - ANSWER The rise of innovation with the demise of the old way of doing things Which of the following is not an brainstorming technique? - ANSWER D) All of the above are brainstorming techniques T/F: Innovation is the creation of something new while invention is the putting of an innovation into practice. - ANSWER False Which of the following is not true of a "lean start-up" - ANSWER C) Favors Elaborate planning over experimentation Which of the following is not a reason why data provides first - ANSWER A) data is mutable A "pivot" is when - ANSWER organizations change strategic or technology direction based on marketplace information. T/F: The rate at which technology is increasing today is faster than it's ever been. - ANSWER True Which computer component failing would result in the loss of all of your data? - ANSWER Hard drive Match the computer component with an appropriate definition* - ANSWER 1. Permanent storage of data - Hard Drive 2. Housing of the computer - Case/Console 3. Basic circuitry for a computer - Motherboard 4. Temporary storage for programs - RAM 5. Brain of the computer - CPU Which of the following items does not fit the themes described in Gartner's Top 10 Strategic Technology Trends of 2017 - ANSWER B) Reinforceable Bonus: T/F: When data is broken into pieces to be sent over the internet, all of the pieces travel through the same path of routers to reach their destination - ANSWER False When information is transferred through the internet, it is broken up into smaller pieces called - ANSWER Packets A customer segment is... - ANSWER a group of customers with common needs, common behaviors or other attributes T/F: It is possible for organizations partner up with others in a business model to acquire knowledge, licenses or access to customers. - ANSWER True Which of the following is/are a true statement about the business model canvas? - ANSWER D) All of the above statements are true. Which of the following is NOT a potential revenue stream for the organization's value proposition? - ANSWER C) Reduction of risk and uncertainty What business model involves serving two or more interdependent market segments, and typically involves a platform to bring the two customers together? - ANSWER multi-sided Which of the following does NOT describe a type of key resource - ANSWER Designing, making and delivering a product in substantial quantities A