Question 1

The question "How many new activities must be performed as a result of the Internet?" best represents the _______________ component of e-business models.

Accepted Answer

The question pertains to the "connected activities" component because it directly relates to the new activities or processes that must be undertaken due to the adoption of the Internet in business operations. This component focuses on how business activities are interconnected and transformed through digital means.

Question 2

The _______________ component of the information technology architecture includes the networks, computer systems, system software, and integrated enterprise application software that provide the computing and communications platform supporting the strategic use of information technology.

Accepted Answer

The technology platform component of the information technology architecture includes the networks, computer systems, system software, and integrated enterprise application software that provide the computing and communications platform supporting the strategic use of information technology. Options A, B, and D do not accurately describe this component.

Question 3

The _______________ component of the business/IT planning process involves developing strategic plans for managing or outsourcing a company's IT resources.

Accepted Answer

Resource management is the correct answer because it specifically involves the strategic planning for managing or outsourcing a company's IT resources, aligning IT resources with the overall business strategy.

Question 4

Outsourcing, growth, and customer orientation are _______________ trends that are shaping strategic business/IT planning.

Accepted Answer

Competitive imperatives are the driving forces that shape strategic business/IT planning. Outsourcing, growth, and customer orientation are all competitive imperatives that businesses must address in order to succeed in today's market.

Question 5

A situation where previously regulated markets are opening is a _______________ trend that is shaping strategic business/IT planning.

Accepted Answer

The trend of previously regulated markets opening up is referring to deregulation, which is affecting strategic business/IT planning.

Question 6

All of the following are considered competitive strategies except:

Accepted Answer

New entrants refer to new companies entering the market, and it is not a competitive strategy used by existing companies. The other options, differentiation, innovation, and alliances, are commonly used competitive strategies by companies to gain a competitive advantage over their rivals.

Question 7

Technology convergence, increasing information content, and e-commerce are _______________ trends that are shaping strategic business/IT planning.

Accepted Answer

Technology convergence, increasing information content, and e-commerce are primarily technology trends that influence strategic business/IT planning by integrating different technological systems, enhancing the availability and use of information, and facilitating online business activities.

Question 8

All of the following are considered competitive forces except:

Accepted Answer

Cost leadership is not a competitive force, but rather a competitive strategy. The other options listed (competitors, customers, and new entrants) are all competitive forces that can impact a business's success.

Question 9

_______________ are the potential for new business markets or innovative breakthroughs that might expand present markets.

Accepted Answer

Opportunities are potential for new business markets or innovative breakthroughs that might expand present markets. Weaknesses refer to internal limitations, Threats refer to external factors that may hamper business growth, and Strengths refer to internal assets and resources that a business can leverage for its growth.

Question 10

_______________ are core competencies and resources where a firm is a market or industry leader.

Accepted Answer

Strengths are the core competencies and resources where a firm is a market or industry leader.

Question 11

The _______________ component of the business/IT planning process involves making strategic IT choices that reflect an information technology architecture designed to support a company's e-business and other business/IT initiatives.

Accepted Answer

The technology architecture component involves making strategic IT choices that reflect an information technology architecture designed to support a company's e-business and other business/IT initiatives. The other choices, resource management and strategic development, may be components of the overall planning process, but they do not specifically relate to the development of a technology architecture. Therefore, the correct answer is B.

Question 12

The _______________ component of the information technology architecture includes business applications designed as an integrated architecture of enterprise systems that support strategic business initiatives.

Accepted Answer

The applications architecture component of the information technology architecture includes business applications designed as an integrated architecture of enterprise systems that support strategic business initiatives. It deals with the design, development, and deployment of multiple applications across an organization. Options A, B, and C do not specifically refer to this component.

Question 13

Offering customers something distinctive or at a lower cost than competitors is a component of the _______________ business model.

Accepted Answer

Offering customers something distinctive or at a lower cost is a key component of the customer value proposition, which is central to the customer value business model. This approach focuses on creating value for customers in a way that differentiates a business from its competitors.

Question 14

The _______________ component of the information technology architecture includes the organizational structure of the IS function within a company and the distribution of IS specialists, designed to meet the changing strategies of a business.

Accepted Answer

The IT organization includes the structure and distribution of IS specialists necessary to meet the changing strategies of a business. The data resources refer to the databases and data warehouses necessary to store and manage the data used by the organization. The technology platform includes the hardware, software, and networking components required to support the applications used by the business. The applications architecture includes the design and integration of software applications used by the organization.

Question 15

The _______________ component of the business/IT planning process involves developing business strategies that support a company's business vision, using IT to create innovative e-business systems focusing on customer and business value.

Accepted Answer

The strategic development component of the business/IT planning process involves developing business strategies that support a company's business vision, using IT to create innovative e-business systems focusing on customer and business value.

Question 16

Which of the following questions best represents the sustainability component of a business model?

Accepted Answer

The sustainability component of a business model focuses on the firm's ability to maintain its competitive advantage over time, which is addressed by understanding what makes it difficult for other firms to imitate it.

Question 17

The _______________ component of the information technology architecture includes the many operational and specialized databases that store and provide data and information for business process and decision support.

Accepted Answer

The data resources component includes the databases that store and provide data for business process and decision support. The other components (IT organization, technology platform, and applications architecture) do not specifically refer to databases.

Question 18

According to the text case, which of the following is not an IT risk?

Accepted Answer

The answer of According to the text case, which of...

Question 19

_______________ are the potential for business and market losses posed by competitors, competitive forces, government, or disruptive technologies.

Accepted Answer

The definition given in the question refers to threats. Threats are external factors that may negatively impact a business's ability to operate or be profitable.

Question 20

_______________ are areas of substandard business performance compared to others in the industry or market segments.

Accepted Answer

Weaknesses are areas where a business is underperforming compared to other businesses in its industry or market segments. They can include factors such as outdated technology, poor customer service, low employee morale, and lack of innovation. Identifying and addressing weaknesses is important for a business to improve its overall performance and competitiveness.

Quiz 11: Businessit Strategies for Development