14. ASU - CIS105 - Computer Applications and IT - Mid-term Exam

Distribution channel is the path through which products or services get to customers. True False

True

What will be the value of Opening balance for year 6, if the Invested amount is increased from 2000 to 5000? Amount will remain the same $24,506.21 $26,511.67 $23,596.27

$26,511.67

What can be the Maximum total for a Car's rating? 50 25 30 40

30

An imitation of the operation of a real-world process or system is: A simulation A realization An emulation A virtualization

A simulation

_________ is an imitation of the operation of a real-world process or system. A simulation A logistics model An algorithm An audit

A simulation

Which of these are considered to be the sources of switching costs? Information and Data Contractual commitments Loyalty programs All of these

All of these

_________ is an unambiguous specification of how to solve a class of problems. A logistics model An audit A simulation An algorithm

An algorithm

This term refers to intelligence as demonstrated by machines, in contrast to the natural intelligence displayed by humans and other animals. (Select all that apply) Collaborative intelligence All of the answer selections Cognitive intelligence Artificial intelligence

Artificial intelligence

__________ are products or services that are nearly identically offered from multiple vendors. For such products and services, consumers are highly _______________ since they have so many similar choices. Non-imitables; supply-focused Non-substitutables; customer-service focused Commodities; price-focused Differentiated products; demand-focused

Commodities; price-focused

While Amazon Prime competes with Netflix, Amazon also provides infrastructure services to Netflix through AWS. This is an example of: Coopetition Collaboration Collusion Cartels

Coopetition

Data is not a switching cost, and it does not play a critical role in differentiation. True False

False

Which of the following are ways to avoid the anchoring bias? (select all that apply) Benchmark based on data and available evidence Document decision-making process using spreadhsheet Start with an estimate, and then come up corroborating evidence for that estimate." Consider alternatives

Document decision-making process using spreadhsheet Benchmark based on data and available evidence Consider alternatives

_______ is a cognitive bias that describes the tendency to ignore negative information. System 1 Confirmation Bias Anchoring Bias Ostrich Effect

Ostrich Effect

Which of these technologies are part of the Gartner Top 10 Strategic Technology Trends? (select all that apply) Intelligent Things Al Foundation Email Immersive Experience

Intelligent Things Al Foundation Immersive Experience

____________ is when one company hires another company to be responsible for an existing internal activity. Outsourcing Vertical Intergration Insourcing Merger and Acquisition

Outsourcing

What are some negative implications of over-confidence bias? (select all that apply) Missed deadlines Persistence Presumption of having control over a situation Not paying heed to new information

Missed deadlines Presumption of having control over a situation Not paying heed to new information

An Information System is made up of which of the following? People Procedures Data Information Technology (Hardware and Software)

People Procedures Data Information Technology (Hardware and Software)

Analyzing __________ illuminates an industry's fundamental attractiveness, exposes the underlying drivers of average industry profitability, and provides insight into how profitability will evolve in the future. Viral Marketing Strategy A Competitve Landscape Porter's Five Forces Switching Costs

Porter's Five Forces

The ability to serve large geographic areas through lower-cost inventory means Internet firms can provide access to the long-tail of products, potentially earning profits from less popular titles that are unprofitable for physical retailers to offer. True False

True

Factors such as weather, natural disasters, terrorism, labor strife, or political unrest can shut down a firm's operations. Which of the following is one of the measures taken by firms to hedge such risks? Diverting marketing and advertising budgets to accommodate greater production Requesting government intervention in the form of subsidies or nationalization Driving up profitability by increasing prices of market goods Spreading productions facilities across the globe

Spreading productions facilities across the globe

Systems that think like humans are called ___________. Systems that support humans without understanding human reasoning are called ____________ Strong Al; Weak Al Cognitive Learning; Machine Learning Cognitive Computing; Machine Learning Smart Learning; Machine Learning

Strong Al; Weak Al

__________ is impacting every major business discipline, including finance, accounting, marketing, operations, human resources and the law. Technology insurance inflation banking

Technology

Which of the following can play a role in altering the competitive landscape? (select all that apply): Technology Political Shock Social and Demographic Changes Government Deregulation or Intervention

Technology Political Shock Social and Demographic Changes Government Deregulation or Intervention

Should the formula for calculating balance in Row 13 be same for every week? Yes No

Yes

The "planning fallacy" describes: The tendency for people to underestimate their rate of work, or overestimate how long it will take them to get things done. The tendency for people to overestimate their rate of work, or underestimate how long it will take them to get things done. The tendency for people to behave as if they might have some control, when in fact they actually have none. The tendency for people to place too much faith in one's own knowledge and abilities.

The tendency for people to overestimate their rate of work, or underestimate how long it will take them to get things done.

The long-tail describes which of the following? (select all that apply) The total demand for obscure items is often much larger than the total demand of the most popular items The interaction between an external customer and an organization through various online or offline channels Brick-and-mortar stores are location-independent The phenomenon whereby firms can make money by selling a near-limitless selection of less-popular products

The total demand for obscure items is often much larger than the total demand of the most popular items The phenomenon whereby firms can make money by selling a near-limitless selection of less-popular products

The closing balance for year 5 is very close in value to its opening balance. Is there a problem in the Interest calculation formula? Yes, the formula should be =F9 + D9*E9 Yes, the formula should be =D9*F9 Yes, the formula should be =H8*D9 No, the formula is correct

Yes, the formula should be =D9*F9

The value assumption for an empty cell (for example, cell G6) should be same as previous week's inflow or zero? Same Zero

Zero

Technology can play a key role in creating and reinforcing assets for sustainable advantage by _______________ (select all that apply) collecting useful data and establishing switching costs creating or enhancing a firm's scale advantage creating a network effect creating imitable products

collecting useful data and establishing switching costs creating or enhancing a firm's scale advantage creating a network effect