QUESTION 1
Digital business models refer to a set of capabilities enabled when physical things are connected to the Internet via sensors.
True
False

QUESTION 2

What companies can do depends on what their information technology and data management systems can do.
True
False

QUESTION 3

________ are data visualizations that display the current status of key performance indicators in easy-to-understand formats:
Predictions
Dashboards
Digital models
Real-time reports

QUESTION 4

BPR is part of the larger discipline of ________, which consists of methods, tools, and technology to support and continuously improve business processes.
business process management
cycle time reduction
business model optimization
standard operating procedures

QUESTION 5

Machine-generated data and social media texts are examples of big data.
True
False

QUESTION 6

________ is the scanning and review of the political, social, economic, and technical environments of an organization.
Business Intelligence
Strategy
SWOT
Strategic analysis

QUESTION 7

More data are collected in one day now than existed in the world 10 years ago.
True
False

QUESTION 8

Big data are what high-volume, mostly text data are called.
True
False

QUESTION 9

Applying IT to a manual or outdated process will _________:
Minimize cycle time
Not optimize the process
Eliminate wasted steps
Improve the outputs

QUESTION 10

According to the Five Forces Model developed by Harvard University Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except:
Competitive rivalry among firms existing in the industry
Bargaining power of suppliers
Bargaining power of customers or buyers
Technological (IT) superiority

QUESTION 11

Enterprises use real-time data from tweets and sensors to gain insight into their customers' interests and preference.
True
False

QUESTION 12

SWOT analysis involves the evaluation of industry strengths and weaknesses and also opportunities and threats, which are internal factors.
True
False

QUESTION 13

Dropbox, Gmail, and Google Drive are examples of the Internet of Things.
True
False

QUESTION 14

Machine-to-machine (M2M) technology enables sensor-embedded products to share reliable real-time data ________.
over short distances
via radio signals
using cloud services
via databases

QUESTION 15

Workers with specialized technical knowledge and strong communications and business skills, as well as those with an MBA with a concentration in an IT area, will have the best prospects.
True
False

QUESTION 16

________ means being able to respond quickly in order to take advantage of opportunities faster or better than competitors.
agility
flexibility
responsive
IT consumerization

QUESTION 17

Big data analytics has increased the demand for data scientists.
True
False

QUESTION 18

Routine formal processes are referred to as ________.
cross-functional processes
standard operating procedures
business tasks
standardized transactions

QUESTION 19

Methods and efforts to simply automate existing processes are referred to a business process reengineering, or BPR.
True
False

QUESTION 20

In order to be successful, BPM requires all of the following except ________.
buy-in from a broad cross section of the business
software to map processes that are performed manually
the right technology
highly effective change management processes

QUESTION 21

Dashboards provide static summary charts, that when clicked, drill down to the detailed data.
True
False

QUESTION 22

Cloud computing, for example, Amazon Elastic Compute Cloud, known as EC2, eliminates the need to invest in hardware up front, so companies can develop and deploy applications faster.
True
False

QUESTION 23

________ means that IT capacity can be easily scaled up or down as needed, which essentially requires cloud computing.
agility
flexibility
responsiveness
IT consumerization

QUESTION 24

Forrester research repeatedly confirms there is a strong relationship between the quality of a firm's ________, which in turn increases revenue.
Mobile apps and business transactions
IoT capabilities and KPIs
Business model and marketing efforts
Customer experience and loyalty

QUESTION 25

The goal of _________ is to eliminate unnecessary non-value added processes, then to simplify and automate the remaining processes to reduce cycle time, labor, and costs.
Strategic planning
Business process reengineering
Real-time information systems
Business Intelligence

QUESTION 26

Two key components of corporate profitability are _________ and _________.
SWOT; strategic planning
Employee performance; technology
Industry structure; competitive advantage
Agility; commodities

QUESTION 27

Understanding IT trends that affect the ways business is done and getting in front of those trends give you a career edge.
True
False

QUESTION 28

According to the Five Forces Model developed by Harvard University Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except:
Threat of entry of new competitors
Political and/or economic factors
Bargaining power of suppliers
Threat of substitute products/services

QUESTION 29

_____________ evaluate the newest and most innovative technologies and determine how they can be applied for competitive advantage. They develop technical standards, deploy technology, and supervise workers who deal with the daily IT issues of the firm.
Project Managers
Chief Technology Officers
CEOs
CFOs

QUESTION 30

________ means having the ability to quickly integrate new business functions or to easily reconfigure software or apps.
agility
flexibility
responsive
IT consumerization

QUESTION 31

Data visualization refers to the use of statistics to find meaningful insight in the data, or better understand the data.
True
False

QUESTION 32

An estimated ________ % of big data are unstructured.
25
33
50
80