Question 1

A real-time system is an IS that provides fast-enough access to information or data so that an appropriate decision can be made, usually before the data or situation changes.

Accepted Answer

A real-time system is designed to provide fast access to information or data so that a decision can be made quickly, often before the data or situation changes. Therefore, the statement is true.

Question 2

Management of IT development would most likely be considered a support activity in a business value chain.

Accepted Answer

IT development is not a core activity that directly creates value for customers, but rather a support activity that helps enable other core activities such as operations or marketing. Therefore, it is considered a support activity in a business value chain.

Question 3

Management of IT development would most likely be considered a primary activity in a business value chain.

Accepted Answer

Management of IT development is typically considered a support activity in a business value chain, as it provides the necessary technology infrastructure for primary activities like operations, marketing, and sales to function effectively.

Question 4

Strategic planning is a series of processes in which an organization selects and arranges its businesses or services to keep the organization viable healthy or functional) even when unexpected events disrupt one or more of its businesses, markets, products, or services.

Accepted Answer

This statement correctly defines strategic planning as a process that helps organizations prepare for unexpected events and maintain their viability.

Question 5

Enterprise Resource Planning ERP) refers to technology infrastructure and/or apps that support essential business processes and operations.

Accepted Answer

ERP systems are designed to support and streamline core business processes and operations such as finance, HR, inventory management, supply chain management, customer relationship management, and more.

Question 6

Strategy defines the plan for how a business will achieve its mission, goals, and objectives.

Accepted Answer

Strategy is the plan that outlines how a business will achieve its mission, goals, and objectives.

Question 7

Computers, databases and network services are examples of IT functions with a strong potential for providing companies with competitive advantage

Accepted Answer

The answer of Computers, databases and network services are examples...

Question 8

Strategic planning is critical for "for-profit" organizations, but less essential for "not-for-profit" organizations such as government agencies, education, military, and charities that are guided by political or humanitarian goals.

Accepted Answer

Strategic planning is equally important for not-for-profit organizations as well. These organizations also need to set clear goals and objectives, identify resources required, and establish a plan to achieve those objectives. Effective strategic planning helps not-for-profit organizations to maximize their impact and enhance their ability to serve their constituents.

Question 9

According to projections by the U.S. Bureau of Labor Statistics, prospects for IT jobs, in terms of salary and job growth between 2010-2010 are above average compared to other types of jobs

Accepted Answer

According to the U.S. Bureau of Labor Statistics, IT jobs have above-average prospects for salary and job growth between 2010-2020.

Question 10

IT commodities can become competitive advantages if they are applied in new and unique ways to support profitable or critical business processes.

Accepted Answer

By applying IT commodities in new and unique ways, they can support profitable or critical business processes, giving a competitive advantage to the organization.

Question 11

Enterprise Resource Planning ERP) refers to software applications specifically designed to help businesses gather and make use of business intelligence BI).

Accepted Answer

Enterprise Resource Planning (ERP) refers to integrated software applications designed to manage and automate many of the business processes across various departments of an organization, such as finance, HR, procurement, and services, rather than specifically focusing on gathering and using business intelligence (BI).

Question 12

According to Porter's strategic planning model, an industry's profit potential is largely determined by the intensity of competitive forces within the industry.

Accepted Answer

Porter's strategic planning model includes five competitive forces that determine an industry's profit potential: the threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and intensity of competitive rivalry. Therefore, the statement is true.

Question 13

IT functions that do not provide a competitive advantage, such as computers, databases and network services are examples of IT commodities.

Accepted Answer

IT commodities refer to IT functions that do not directly provide a competitive advantage and are commonly found in most organizations, such as hardware, software, and basic network services.

Question 14

According to Porter's strategic planning model, an industry's profit potential is largely determined by the availability of necessary resources to produce the product/service.

Accepted Answer

According to Porter's strategic planning model, an industry's profit potential is largely determined by the level of competition, bargaining power of suppliers and buyers, threat of new entrants, and threat of substitute products or services. The availability of necessary resources is just one of the many factors affecting an industry's profitability.

Question 15

In the second part of the Information Age, technology is everywhere and the key challenge is to apply IT to gain competitive advantage.

Accepted Answer

The statement is true. In the second part of the Information Age, technology is ubiquitous and the focus is on effectively utilizing IT to gain competitive advantage in various sectors.

Question 16

Primary activities are those business activities through which a company produces goods, thus creating value for which customers are willing to pay such as purchasing of materials, processing materials into products, and delivery of products to customers.

Accepted Answer

This is a correct definition of primary activities in a business.

Question 17

IT creates markets, businesses, products, and careers.

Accepted Answer

IT plays a critical role in creating new markets, businesses, products, and job opportunities. The rapid evolution of technology has resulted in new industries such as software development, e-commerce, and digital marketing. IT also enables businesses to improve their operations, increase efficiency, and reach new customers. Overall, IT has revolutionized the way we live, work, and interact with one another.

Question 18

In the second part of the Information Age, technology is everywhere and the key challenge is to apply IT to reduce reliance on IT in order to cut costs and become more profitable.

Accepted Answer

The statement is incorrect. In the second part of the Information Age, the challenge is not to reduce reliance on IT, but to continue to effectively leverage technology to stay competitive and meet customer demands. Cost-cutting may be a goal, but it is not the main focus.

Question 19

The goal of business process reengineering BPR) is to eliminate the unnecessary non-value added processes, then to simplify and automate the remaining processes to significantly reduce cycle time, labor, and costs.

Accepted Answer

The statement accurately represents the goal of business process reengineering.

Question 20

According to projections by the U.S. Bureau of Labor Statistics, prospects for IT jobs, in terms of salary and job growth between 2010-2010 are about average compared to other types of jobs.

Accepted Answer

The U.S. Bureau of Labor Statistics typically projects that IT jobs will grow faster than the average for all occupations due to the increasing emphasis on cloud computing, the collection and storage of big data, and information security.

Quiz 1: A Look Toward the