MGT2210 TEST 2 QUESTIONS AND ANSWERS
Blockchain - CORRECT ANSWER✅✅✅A distributed and decentralized ledger that records and verifies
transactions and ownership, making it difficult to tamper with or shut down.
Miners - CORRECT ANSWER✅✅✅Provide verification and time-stamping of transactions in a
blockchain.
What about bitcoin makes it less useful as a currency? - CORRECT ANSWER✅✅✅Its volatility
Compliance - CORRECT ANSWER✅✅✅Ensuring that an organization's systems operate within
required legal constraints, and industry and organizational obligations.
Integrated Development Environment - CORRECT ANSWER✅✅✅Used by most professional
programmers to develop code. It includes an editor (a sort of programmer's word processor), debugger,
and compiler, among other tools.
Agile Development - CORRECT ANSWER✅✅✅Developing work continually and iteratively, with a
goal of more frequent product rollouts and constant improvement across smaller components of the
larger project.
Operating System - CORRECT ANSWER✅✅✅Controls a computer's hardware and provides a
common set of commands for writing programs.
Application Program Interfaces - CORRECT ANSWER✅✅✅Programming hooks, or guidelines,
published by firms that tell other programs how to get a service to perform a task such as send or
receive data. For example, Amazon.com provides these to let developers write their own applications
and websites that can send the firm orders.
Desktop Software - CORRECT ANSWER✅✅✅Applications installed on a personal computer, typically
supporting tasks performed by a single user.
, Cybersquatting - CORRECT ANSWER✅✅✅Knowingly registering a domain name to profit from
someone else's firm name or trademark
Router - CORRECT ANSWER✅✅✅A computing device that connects networks and facilitates data
movement between them.
IP Address - CORRECT ANSWER✅✅✅Used to identify a device that is connected to the Internet,
usually expressed as four numbers (from 0 to 255), separated by periods.
Protocol - CORRECT ANSWER✅✅✅A set of rules for communication—sort of like grammar and
vocabulary in a human language.
Technological Leapfrogging - CORRECT ANSWER✅✅✅Competing by offering a new technology that
is so superior to existing offerings that the value overcomes the total resistance that older technologies
might enjoy via exchange, switching cost, and complementary benefits.
Blue Ocean Strategy - CORRECT ANSWER✅✅✅An approach where firms seek to create and
complete in uncontested market spaces, rather than competing in space and ways that have attracted
many, similar rivals.
Platform - CORRECT ANSWER✅✅✅Products and services that allow for the development and
integration of software products and other complementary goods, effectively creating an ecosystem of
value-added offerings.
Cross-Side Exchange Benefit - CORRECT ANSWER✅✅✅When an increase in the number of users on
one side of the market (console owners, for example) creates a rise in the other side (software
developers).
Network Effect - CORRECT ANSWER✅✅✅When the value of a product or service increases as its
number of users increases.
Two-Sided Market - CORRECT ANSWER✅✅✅Markets that comprise two distinct categories of
participant, both of which are needed to deliver value for the network to work
Blockchain - CORRECT ANSWER✅✅✅A distributed and decentralized ledger that records and verifies
transactions and ownership, making it difficult to tamper with or shut down.
Miners - CORRECT ANSWER✅✅✅Provide verification and time-stamping of transactions in a
blockchain.
What about bitcoin makes it less useful as a currency? - CORRECT ANSWER✅✅✅Its volatility
Compliance - CORRECT ANSWER✅✅✅Ensuring that an organization's systems operate within
required legal constraints, and industry and organizational obligations.
Integrated Development Environment - CORRECT ANSWER✅✅✅Used by most professional
programmers to develop code. It includes an editor (a sort of programmer's word processor), debugger,
and compiler, among other tools.
Agile Development - CORRECT ANSWER✅✅✅Developing work continually and iteratively, with a
goal of more frequent product rollouts and constant improvement across smaller components of the
larger project.
Operating System - CORRECT ANSWER✅✅✅Controls a computer's hardware and provides a
common set of commands for writing programs.
Application Program Interfaces - CORRECT ANSWER✅✅✅Programming hooks, or guidelines,
published by firms that tell other programs how to get a service to perform a task such as send or
receive data. For example, Amazon.com provides these to let developers write their own applications
and websites that can send the firm orders.
Desktop Software - CORRECT ANSWER✅✅✅Applications installed on a personal computer, typically
supporting tasks performed by a single user.
, Cybersquatting - CORRECT ANSWER✅✅✅Knowingly registering a domain name to profit from
someone else's firm name or trademark
Router - CORRECT ANSWER✅✅✅A computing device that connects networks and facilitates data
movement between them.
IP Address - CORRECT ANSWER✅✅✅Used to identify a device that is connected to the Internet,
usually expressed as four numbers (from 0 to 255), separated by periods.
Protocol - CORRECT ANSWER✅✅✅A set of rules for communication—sort of like grammar and
vocabulary in a human language.
Technological Leapfrogging - CORRECT ANSWER✅✅✅Competing by offering a new technology that
is so superior to existing offerings that the value overcomes the total resistance that older technologies
might enjoy via exchange, switching cost, and complementary benefits.
Blue Ocean Strategy - CORRECT ANSWER✅✅✅An approach where firms seek to create and
complete in uncontested market spaces, rather than competing in space and ways that have attracted
many, similar rivals.
Platform - CORRECT ANSWER✅✅✅Products and services that allow for the development and
integration of software products and other complementary goods, effectively creating an ecosystem of
value-added offerings.
Cross-Side Exchange Benefit - CORRECT ANSWER✅✅✅When an increase in the number of users on
one side of the market (console owners, for example) creates a rise in the other side (software
developers).
Network Effect - CORRECT ANSWER✅✅✅When the value of a product or service increases as its
number of users increases.
Two-Sided Market - CORRECT ANSWER✅✅✅Markets that comprise two distinct categories of
participant, both of which are needed to deliver value for the network to work
