MIS 111

Which of the following statements was not discussed as being an aspect of the Social Entrepreneurship Process?

Creating a business plan to translate a social opportunity into a profitable product or service

What term describes an internet-inspired mechanism for raising money or sponsorship from members of the public for a small project or business venture?

Crowdfunding

The development of the first marine chronometer in 1714 and the Oxford English Dictionary in 1858 are examples of using what type of collaborative problem solving?

Crowdsourcing

Which of the following competitive strategies is based on the perspective of "I treat my customers better than you do"?

Customer Oriented

Which of the following is NOT a focus area for a team responsible for the data governance of a company's information assets?

Data Accuracy

Also called flow control, which of the following terms is used to describe the process of determining the order in which statements execute in a program?

Decision Making

Which of the following decision support strategies compares alternatives by determing the qualitative factors that should be included as part of the decision, assigning weights related to their importance, and then ranking different alternatives to allow comparisons.

Decision Matrices

Which of the following decision support strategies compares alternatives using branching technque based on known quantitative data, explicit knowledge and object facts to make a decision.

Decision Trees

Which company began in '93, focused on buying up discontinued lines from manufacturers and selling them at a discount to their customers. Their Strategy focused on meeting customer's needs by shipping on an emerging transportation infrastructure promising rapid delivery. They used new communications technologies infrastructure to reach a geographically distributed customer base.

Sears, Roebuck & Co.

During what phase of the development of a neural network are thousands of examples presented to the neural network to create an refine the internal "hidden" layers?

Training

The first tele-medicine programs emerged in the 1950's and were connected with what organization?

US Military (Department of Defense)

Neural networks, machine learning, and deep learning are most closely related to what aspect of the business analytics process?

Underlying Technologies

What term is used to describe problems that are fuzzy and complex without any cut-and-dried solutions?

Unstructured

In the ETL (Extract, Transform, and Load) process, which of the following steps would NOT commonly be considered an action performed in the "transform" step.

Uploading data to a new repository (Extraction)

Which of the following would generally NOT be a considered as a benefit or desirable attribute from using decision trees?

Using "hidden layers" to hide decision logic and relevant factors from decision makers

In the Project Selection (Niven) example discussed in the video case on Decision Matrices by Dr. Martin from DePaul University, if a criterion received 5 points as a rating but that criterion's weight was 10%, what would be the score used for that criterion?

0.5

According to the video case "What is a Paradigm Shift?", a paradigm shift is characterized in which of the following ways?

A dramatic change in methodology or practice

Of the over $550 million dollars lent to low-income individuals or to those who do not have access to typical banking services, what was the approximate average size of a loan made by the Kiva microfinance services organization?

About $400.00

Which of the following Decision Support Strategies use conditional execution to make a recommendation?

Rule Induction

According to Thomas Friedman, which of the "flatteners" was used an an example of the economic connections across world markets in our globalized world?

Berlin Wall

In the video case "The world of micro-loans", what product was being produced by a loan recipient in Lima, Peru that legend says represents financial prosperity?

Bull Statue

What term is used to describe the ongoing collection of related activities that create a product or service of value to the organization, its business partners, and its customers?

Business process

Which of the following is another name for a "Stock Chart" that is used to compare display "high-low" paired data, such as found with stock prices or daily temperatures, over time?

Candlestick Chart

What decision support strategy uses a technique based on identifing a similar problem with a known effective solution, and apply the approach to this problem?

Case-based Reasoning

TreeMap, Sunburst, and Histogram charts are all related to which of the following categories of visualizations?

Category Comparison

Which of the following terms described the capability in Excel to change a cell's formatting when its contents match a specified condition, such as highlight cells based on their values, adding data bars that graph relative values in a range, or highlight duplicate values in a column of data?

Conditional Formatting

Which of the following competitive strategies is based on the perspective of "I can sell at a lower price than you can"?

Cost leader

What is a term that is colloquially used by practicing managers to describe business problems?

Pain point

Helping organizations understand what has happened, what step in the business analytics process enables decision makers to learn from past behaviors, such as average dollars spent per customer and year-over-year change in sales?

Descriptive

According to our class discussion, which of the following is NOT a characteristic of a Social Entrepreneur as a Change Agent?

Diminished sense of accountability

Manage

During what phase of the KMS (Knowledge Management Systems) cycle is knowledge reviewed regularly to verify that is remains relevant and accurate for the needs of the organization?

Often presented visually on an executive dashboard, what type of report focuses attention on business processes whose performance falls outside of the tolerance ranges defined a KPI (Key Performance Indicator) metric?

Exception

What term is used to describe intuitive interactive displays of information, including dials, gauges, and traffic lights that indicate the status of an item or the state of a performance metric compared with a goal or target value?

Executive Dashboard

Which of the following would NOT be considered a benefit that would be commonly related to participants in a GDSS meeting environment having contributor anonymity?

Full sharing and disclosure of relevant information

What type of visualization is often used to show multi-step quantities where there is attrition or refinement?

Funnel Chart

Which of the tenets in Howard Gardner's (Harvard) recommendations regarding "How Education Changes" describes what students need to learn in a globalized world related to the need for students to be able to tackle problems and issues that do not respect the limits of the boundaries of academic disciplines?

Global Understanding / Interdisciplinary Thinking

Which of the following types of crowdfunding approaches allows groups such as Kiva and LendingClub to offer loans from investors to the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world?

Good cause crowdfunding

Which of the following is NOT a reason some US companies are moving their call center operations back to the US?

High cost of international telecommunications

Which of the following would be an example of a programming construct that is a logical function that evaluates a single condition and results in only one value?

IF Function

In the "Decision Tree for Buying a Car" example discussed in class and shown below, which of the following conditions ("IF" statements) must ALWAYS be true for every "BUY" decision outcome?

IF Road tested = 'yes'

Which of the following steps in the crowdsourcing process generally includes contributions by all of a company's stakeholders (i.e., Employees, Customers, Investors, and Partners)?

Ideation

According to it's description, which of "The Eller Way" standards focused on creating a global learning community in which everyone thrives in their education, as described in the following statement by Howard Gardner? "Globalization is selecting for interpersonal competencies, including the ability to think and work with others coming from very different racial, linguistic, religious, and cultural backgrounds."

Inclusion

In video case study "Thomas Friedman on Globalization and the Flattening World", progress in the third era of globalization, which is "shinking the world to tiny", primarily centers upon which of the following groups?

Individuals

Which of tenets of the "The Eller Way" advances the principle of "Do the right thing 100 percent of the time"?

Integrity

Examination and understanding of the problem is related to which phase of the Decision Making Process (Intelligence, Design, and Choice, also known as the "IDC Phases")?

Intelligence

In the "ThinkTank Group DSS" video case study, which of the following was NOT identified as an area supported by ThinkTank for breakthroughs when making collaborative decisions?

Interation

In the globalization business case that discussed how a consumer in the United States was able to purchase a necktie directly from a merchant in China, which of the following business activities would companies such as PayPal, Apple Pay, and Amazon Pay be potential service providers?

International currency exchange

What term is used to describe each repetition of the group of statements (i.e., the "Do Task" or command block) of a "WHILE" or "FOR" statement?

Iteration

_________ is a capability of dashboards that are specific measures of CSFs (Critical Success Factors).

KPI (Key Performance Indicator

Business metrics that assess the execution of critical business activities are known as:

Key performance indicators

What type of customer intimacy zone innovation focuses on making structural modifications to established products in order to create a distinctive sub-category?

Line-Extension Innovation

What term is used to describe the experimental prototype products many entrepreneurs build from scratch with bare-bones features and basic functionality that aims to appeal to early adopters?

Minimal Viable Product

Which of the following skills was NOT idenitifed by Tony Wagner as one of the "Seven Survival Skils" needed to be successfuly in the "New World" of Work?

Rigidity and Inflexibility

Which of the following predictive outcome strategies uses the approach of finding data with characteristics that are similar to a new record, using the approach that if you know about a person's friends, you can also know about the person?

Nearest Neighbor Technique

In the current globalized business environment, which of the following is NOT a driving force related to economic or market business pressure?

Need for real-time operations

What conditional programming construct allows a program to select one of three or more distinct outcomes by placing one conditional construct inside another?

Nested IF

What company used a crowdsourced competition to develop an improved algorithm to predict customer preferences for its products' recommendation engine?

Netflix

In the Ruby Tuesday case study, which of the following terms was proposed as a possible action that could be taken to fairly compare the total number of items sold across regions?

Normalizing the data for the number of outlets

Companies focusing on innovation relating to value engineering, process and value migration are all associated with what innovation zone?

Operational Excellence

_________ is an example of a primary activity for most firms.

Operations

Which of the following is NOT an example of excellent business-information (IT) technology alignment?

Organizations view their internal and external customers and their customer service function as supremely important.

As an aspect of quantitative decision making, modeling and simulation provide typically inform decisions in what way?

Prediction

What type of analytics examines recent and historical data to detect patterns, and predict future outcomes and trends, and provide estimates about the likelihood of a future outcome?

Predictive Analysis

What type of analytics recommends one or more courses of action, identifies the likely outcome of each decision, and quantifies the effect of future decisions in order to advise on possible outcomes before the decisions are actually made?

Prescriptive decision

What category of innovations would include developments such as the manufacturing assembly line and biotechnology procedures?

Process

Which of the innovation zones is focused on growth markets and is characterized by heavy R&D (Research and Development) expense and significant market risk?

Product Leadership

Which of the following is a benefit of telecommuting for employees?

Reduced stress

Which of the following was NOT considered a challenge confronting the widespread adoption of telemedicine?

Reduced travel for physicians

Which of the following actions was identified as a prerequisite to the "Revise" step in the Case Based Reasoning "R4 Cycle"?

Retrieve similar cases

In the Case-based Reasoning R4 cycle by Aamodth and Piaza, a verified solution would be added to the Case-Base during what step?

Revise

What term is used to describe creative thinkers continuously striving for innovation in technologies, supply sources, distribution outlets, or methods of production who are also change agents who create large-scale change using pattern-breaking ideas to address the root causes of social problems?

Social Entrepreneurs

What company encouraged its customers to help it innovate its future processes and products by sharing, voting, and discussing ideas online?

Starbucks

Which of the following technologies would provide the level of social interaction necessary to build relationships?

Telepresence

The fact that news travels instantaneously (Zero Latency) and we have instantaneous access to global news, trade and financial markets removed what what traditional constraint or "effect"?

Time

In the "Data-Driven Decisions at Nestlé" video case study, Nestlé's Digital Acceleration Team training program focuses on developing skills in all of the following business issues, except:

Validating

Entrepreneurship is the market-oriented mechanism for advancing what aspect of innovation?

Value Proposition

What term is used to describe the sequence of activities by which an organization uses information technology to achieve a competitive advantage as it transforms inputs into more valuable outputs?

Value chain

Which of the following terms refer to the use of digital technologies that enable organizations or individuals who are geographically dispersed to collaboratively plan, design, develop, manage, and research products, services, and innovative applications?

Virtual collaboration

Pie charts, Stacked Area charts, and Bubble charts are all related to which of the following categories of visualizations?

Volumetric

Which of the following would be an example of a programming control structure that repeatedly executes a statement or a series of statements while a specific condition is true or until a specific condition becomes true?

WHILE Statement

Contextual

What term described the characteristic of knowledge that focuses on it being "experiential and reflective"?

In the case study of the University of Arizona's Degree Search application, "assessing a new major" was described as using what type of scenario to make a decision?

What-if

Capture

When an entrepreneur greates economic value by changing their personal tacit knowledge about a novel business process or innovation into explicit knowledge that can be franchised, this is an example of what knowledge management activity?

Which of the tenets in Howard Gardner's (Harvard) recommendations regarding "How Education Changes" describes that students need to have the ability to interact civilly and productively with individuals from quite different cultural backgrounds--both within one's own society and across the planet?

Work with Others / Interpersonal Competencies

Tacit Knowledge

____________ is the cumulative store of subjective or experiential learning commonly making it imprecise, costly to transfer, and difficult to formalize or codify.

____________ deals with more objective, rational, and technical knowledge.

explicit knowledge