98.
With cloud computing, you can buy hardware infrastructure like servers or
perhaps software site licenses.
99.
Technology helps reduce fixed costs though crowdsourcing.
100.
Porter’s Five Forces Model helps business people understand the relative
attractiveness of an industry and the industry’s competitive pressures.
101.
Buyer power in the Five Forces Model is low when buyers have many
choices from whom to buy.
102.
Supplier power in the Five Forces Model is high when buyers have few
choices from whom to buy.
103.
Switching costs are almost exclusively monetary costs.
104.
In the Five Forces Model, the threat of new entrants is high when it is easy
for new competitors to enter a market.
105.
Walmart is a well-known example of the strategy of overall cost.
106.
All the generic strategies defined by Porter can be practiced in isolation.
107.
The “Grow” aspect of the RGT framework seeks organizational growth
through new and different means.
Fill in the Blank Questions
108.
_____ deals with the planning for, development, management, and use of
information technology tools to help people perform all tasks related to
information processing and management.
109.
Management information systems deal with three organizational resources
– information, ____, and information technology.
110.
_____ are raw facts that describe a particular phenomenon.
111.
_____ is data that have a particular meaning within a specific context.
112.
_____ is collective information that gives you the ability to make effective,
important, and often strategic decisions.
113.
Information exhibits high quality only if it is ____, relevant, and useful to
you.
114.
An example of _____ is when information you need to make a decision
comes to you in a bad form.
115.
The _____ attribute of information addresses the credibility of information.
116.
The _____ flow of information consists of information that describes the
current state of the organization based on its daily transactions.
117.
_____ refers to the extent of detail within the information.
118.
At the upper organizational levels, information becomes _____ because it is
summarized or aggregated in some way.