Midterm for Information System

MIS EXAM - QUESTIONS 1) Developing a new product, fulfilling an order, and hiring a new employee are examples of business processes.
Answer: True False

2) A fully digital firm produces only digital goods or services.
Answer: True False

3) A business model describes how a company produces, delivers, and sells a product or service to create wealth.
Answer: True False

4) Information technology (IT) consists of all the hardware that a firm needs to use in order to achieve its business objectives, whereas information systems consist of all the software and business processes needed.
Answer: True False

5) Computers are only part of an information system.
Answer: True False

6) The dimensions of information systems are management, organizations, and information technology.
Answer: True False

7) In order to understand how a specific business firm uses information systems, you need to know something about the hierarchy and culture of the company.
Answer: True False

8) Business processes are logically related tasks for accomplishing tasks that have been formally encoded by an organization.
Answer: True False

9) A substantial part of management responsibility is creative work driven by new knowledge and information.
Answer: True False 10) Intranets allow firms to work easily with third-party suppliers and vendors.
Answer: True False

11) An IT infrastructure provides the platform on which the firm can build its information systems.
Answer: True False
12) The six important business objectives of information technology are new products, services, and business models; customer and supplier intimacy; survival; competitive advantage; operational excellence; and
A) improved flexibility.
B) improved decision making.
C) improved business practices.
D) improved efficiency.
Answer: B