Exam 1 - Metcalfe's Law states that the value Complete Solution
1.
Metcalfe's Law states that the value of a product or service increases as its
... [Show More] number of users expands. This describes which of the following phenomenon?
A) Transactional costs
B) Competitive advantages
C) Switching costs
D) Network effects
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Points Earned: 1.0/1.0
Correct Answer(s): D
2.
The executive in an organization that would be responsible for aligning the company’s technology infrastructure with its goals is the ______.
A) Chief Security Officer (CSO)
B) Chief Technology Officer (CTO)
C) Chief Information Officer (CIO)
D) Chief Data Officer (CDO)
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): C
3.
A firm that purchases a commercial-off-the-shelf (COTS)information system benefits by getting a standardized system without having to absorb development costs, but risks getting a system that does not align with the firm's businesses processes and existing technologies.
A) True
B) False
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Points Earned: 1.0/1.0
Correct Answer(s): True
4.
A ______ is a system that uses data from other systems to do reporting and analysis.
A) supply-chain management
B) business intelligence
C) transaction processing
D) enterprise resource planning
Feedback: Business intelligence uses data from other systems for reporting and analysis.
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Points Earned: 0.0/1.0
Correct Answer(s): B
5.
As more application software is developed for a specific platform, that platform becomes less valuable.
A) True
B) False
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Points Earned: 1.0/1.0
Correct Answer(s): False
6.
Scope creep occurs when the scope or size of the project gradually decreases over time.
A) True
B) False
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Points Earned: 1.0/1.0
Correct Answer(s): False
7.
A form of computing where systems in different locations communicate and collaborate to complete a task is called ______.
A) client-server computing
B) distributed computing
C) cloud computing
D) web services computing
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): B
8.
Match the term to its definition.
A. Knowledge Management System
B. Decision Support System
C. Management Information System
D. Enterprise Resource Planning System
E. Transaction Processing System
Integrates different business units within an overall system.
Used by managers to access data and produce reports.
Used by an organization to capitalize on organizational experience and knowledge.
Complex models and artificial agents that facilitate decision making.
Handles bulk processing of routine transactions.
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): Enterprise Resource Planning System:Integrates different business units within an overall system., Management Information System:Used by managers to access data and produce reports., Knowledge Management System:Used by an organization to capitalize on organizational experience and knowledge., Decision Support System:Complex models and artificial agents that facilitate decision making., Transaction Processing System:Handles bulk processing of routine transactions.
9.
Moore's Law claims ______.
A) n(n-1)/2
B) physical disk storage capacity will double every two years
C) computers will become less expensive with time
D) computing power will double every eighteen months
Feedback: Moore’s Law states that computing power will double every eighteen months.
Table for Individual Question Feedback
Points Earned: 0.0/1.0
Correct Answer(s): D
10.
High switching costs are one of the ways a firm can maintain strategic competitive advantage because they act as a barrier to entry for competitors.
A) True
B) False
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Points Earned: 1.0/1.0
Correct Answer(s): True
11.
Information systems development projects fail at a startlingly high rate.
A) True
B) False
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Points Earned: 1.0/1.0
Correct Answer(s): True
12.
Commercial-off-the-shelf software (COTS) generally delivers all of the exact needs that a company has for the software it is purchasing.
A) True
B) False
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): False
13.
What is articulation work?
A) It is the work required to link people with the computer system.
B) It is the work you do in order to do your work.
C) It is the work you do to access resources.
D) It is the work you do to coordinate tasks with others.
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): B
14.
A project charter is an example of a ______ tool available to project managers.
A) progress management
B) stakeholder management
C) process management
D) risk management
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): C
15.
The cost of computing power has been steadily increasing over time.
A) True
B) False
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Points Earned: 1.0/1.0
Correct Answer(s): False
16.
A ______ implementation is one that involves placing the new system into production to run concurrently with the existing system for a period of time. During this period the new system is evaluated and any problems that arise are fixed before the old system is turned off. This strategy is more expensive than the direct strategy, but less risky than the other conversion methods.
A) trial
B) phased
C) parallel
D) direct
Feedback: A parallel implementation involves placing the new system into production to run concurrently with the existing system for a period of time.
Table for Individual Question Feedback
Points Earned: 0.0/1.0
Correct Answer(s): C
17.
Nicholas Carr says firms shouldn't develop their own IS because any competitive advantage produced by the new system will be lost as a result of dissemination of the new technology into the market. In this statement, he is referring to the process of ______.
A) transference
B) development
C) commoditization
D) commercialization
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Points Earned: 0.0/1.0
Correct Answer(s): C
18.
When a firm is consistently more profitable than its competitors, it has achieved ______.
A) sustainable competitive advantage
B) operational effectiveness
C) market dominance
D) hyper-efficiency
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Points Earned: 1.0/1.0
Correct Answer(s): A
19.
A good requirement is one that is both specific and measurable.
A) True
B) False
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Points Earned: 1.0/1.0
Correct Answer(s): True
20.
A company gains strategic competitive advantage from a new technology, only to watch that advantage erode as competitors emulate and improve upon the new technology. This is called the ______ problem.
A) late adopter
B) fast follower
C) corporate espionage
D) first mover
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Points Earned: 1.0/1.0
Correct Answer(s): B
21.
The Rapid Application Development (RAD) model is a method of system development in which the system is built incrementally through prototypes and testing.
A) True
B) False
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): True
22.
______ exist when consumers incur an expense to move from one product or service to another.
A) Transactional costs
B) Network effects
C) Competitive advantages
D) Switching costs
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): D
23.
Match the risk factor to its description:
A. Technological risk factors
B. Process-related factors
C. People-related factors
D. External factors
Refers to risk factors such as the technical complexity of a project or using the incorrect development approaches
Includes risk factors such as poor stakeholder management,unrealistic expectations, and lack of experience.
Refers to changes in the operating environment and the effect of other projects.
Includes scheduling issues, lack of budgetary and change control, and poor requirements definition.
Table for Individual Question Feedback
Points Earned: 0.5/1.0
Correct Answer(s): Technological risk factors:Refers to risk factors such as the technical complexity of a project or using the incorrect development approaches, People-related factors:Includes risk factors such as poor stakeholder management,unrealistic expectations, and lack of experience., External factors:Refers to changes in the operating environment and the effect of other projects., Process-related factors:Includes scheduling issues, lack of budgetary and change control, and poor requirements definition.
24.
iOS, Android, and Linux are all examples of what type of software?
A) Desktop
B) Application
C) Server
D) Operating system
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): D
25.
Cloud computing is only used for business applications.
A) True
B) False
Table for Individual Question Feedback
Points Earned: 1.0/1.0
Correct Answer(s): False [Show Less]