isds 3100 exam 2 lsu questions well answered already passed, Exams of Nursing

Download isds 3100 exam 2 lsu questions well answered already passed and more Exams Nursing in PDF only on Docsity!

isds 3100 exam 2 lsu questions well

answered already passed

network economics - correct answer ✔✔values is typically found in scarcity value on a diamond depends on its physical attributes and characteristics, value is proportional to the rarity value in plentitude - correct answer ✔✔the value of a network is proportional to the number of connected nodes very first copy of Instagram is valueless physical network - correct answer ✔✔the nodes of the network are connected by physical links (telephone network, railroad network) virtual network - correct answer ✔✔connections between network nodes are intangible and invisible. the nodes of a virtual network are typically people rather than devices (instagram, skype, app store) network effects - correct answer ✔✔occurs when a new node creates value for all the other members of the network by making the network larger and thus more valuable positive feed backs - correct answer ✔✔dynamics that occur in networks go under the name of network effects, network eternalities, or demand side economies of scale network effects create - correct answer ✔✔spillover effects that have an impact on other indivudals, positive for those members of the growing network and negativve for the members of the other ones

marketplace - correct answer ✔✔two sided networks where demand and offer meet success depends on solving the chicken or the egg problem, deciding which side to monetize and which to subsidize platform - correct answer ✔✔two sided networks with specific members on the two sides, users and developers more app developers build for the platform, the more attractive the platform becomes more users who join = more value data and information (econ of info) - correct answer ✔✔in order to wring value from data and information you must understand its economic characterisitics data - correct answer ✔✔codified raw facts information - correct answer ✔✔data in context economic characterisitics of information - correct answer ✔✔info has high production costs info has negligble replication costs info is not the carrier info has negligible distribution costs costs are sunk info has no natural capacity limits info is not consumed by use info goods are experience goods

richness - correct answer ✔✔amount of info that can be transmitted, degree to which info can be tailored to needs and the level of interactivity of the message reach - correct answer ✔✔represetns the number of possible recipients of the message sustaining technologies - correct answer ✔✔❖Maintain or rejuvenate the current rate of performance improvement of the products and services that use them ❖Extend the useful life of the product as the market demands further and further improvements à it will therefore be a good candidate to replace a previous generation because it offers the same set of attributes, but it yields superior performance example of sustaining technology - correct answer ✔✔incremental changes in micro proccessor performance disruptive technologies - correct answer ✔✔❖The technology offers a different set of attributes than the technology the firm currently uses in its products ❖The performance improvement rate of the technology is higher than the rate of improvement demanded by the market ❖It offers two advantages: ❖a different set of performance characteristics ❖a high rate of performance improvement on the critical performance dimensions example of disruptive technology - correct answer ✔✔netflix mail order and subsequent streaming service disrupted the video rental market (blockbuster) internet - correct answer ✔✔network of networks broadly defined as a collection of networked computers that can talk to one another internet can connect to any device on the digital compuer architecture

customer segments - correct answer ✔✔for whome is your firm creating value value proposition - correct answer ✔✔specific set or bundle of products and services that create value for customers channels - correct answer ✔✔specific physical or digital conduits or touch points, the firm utilizes to deliever value to its customers customer relationships - correct answer ✔✔tangible and emotional connections the firm establishes with the customer revenue streams - correct answer ✔✔specify how the firm monetizes its value propostion key resources - correct answer ✔✔assets at the epicetner of business model key activites - correct answer ✔✔ations that characterize the business model key partnerships - correct answer ✔✔up stream relationships the firm must be able to leverage cost structure - correct answer ✔✔focues on outflows of cash to upstream partners and providers of resources dominant revenue models for digital business - correct answer ✔✔❖Pay for Service: the firm offers a product (e.g., books) or a service (e.g., insurance) for sale ❖Subscription: customers pay for the service they receive, which in this case is content ❖Advertisement Support: the firm's content or services are made available for free in an effort to attract a large audience. ❖Affiliate: seeks to generate revenue from a third party based on customer traffic to the firm's website ❖Freemium: the firm gives away its product or service for free and attempts to build a large customer base by reducing the obstacle created by the payment.

business to consumer - correct answer ✔✔transactions that invlve a for profit org on one side an end consumer on the other (amazon) business to business - correct answer ✔✔tranactions in which two or more business entities take part (alibaba) consumer to consumer - correct answer ✔✔tranactions that enable individual consumers to interact and transact directly (ebay) consumer to business - correct answer ✔✔transactions ocur when individuals transact with business organizations not as buyers of goods and serice but as suppliers (upwork) egovernement - correct answer ✔✔transactions involving legislative and administrative institutuoins (income tax) online retailing - correct answer ✔✔organization that take contorl of inventory that they then resell for a profit infomediaries - correct answer ✔✔organizations that use the internet to provide specialized information on behalf of product or service providers content provider - correct answer ✔✔organizations that develop and publish content social networkings - correct answer ✔✔crafted around online communities, became extremely popular once the business community realized their potential to harness network effects crwodsourcing - correct answer ✔✔opportunity to monetize the internet of people beyond advertisment knowledge dicovery and mangement ditributed human intelligence tasking broadcast search

peervetted creative production marketplaces - correct answer ✔✔organizations that enable offer and demand from some product or service to meet and to transact, does not take control of inventory or worry about fulfillment cloud computing - correct answer ✔✔revolve around software as a service solution pay for service - correct answer ✔✔firm offers a product or service (books or insurance) subscription - correct answer ✔✔customers pay for the service they recieve which in this case is content advertisement support - correct answer ✔✔firms contnet or services are made available for free in an effort to attract a large audience affiliate - correct answer ✔✔seeks to generate revenue from a third party based on customer traffic to the firms website freemium - correct answer ✔✔firm gives away its product or service for free and attempts to build a large customer base by reducing the obstacle created by the payment strategic alignement - correct answer ✔✔high degree of fit between the IS function and the strategic direction of the firm alignment has a direct impact on firm performance difficult: moving target, priorities consistently change how much should we spend on IT - correct answer ✔✔designed to force senior executives to discuss and decide on what the role of information systems and technology should be in the organization

which business processes should receive the IT dollars - correct answer ✔✔requires executives to decide what business processes are most important to the firm at a given point which IT capabilities need to be company wide - correct answer ✔✔requires executives to weigh the cost/beneift of standardization and flexibility how good do our IT services really need to be - correct answer ✔✔forces executives to weigh the cost/benefits of strandardization and flexibility what security and privacy risks will we accpt - correct answer ✔✔forces executives to make conscious decisions about privacy and security risk management whom do we blame if an It initiative fails - correct answer ✔✔this question forces exeutives to clearly identify and assign responsibility for information systms projects advantages of the planning process - correct answer ✔✔plans enable communication plans enable unity of purpose plans simplify decision making over time strategic business planning - correct answer ✔✔consists of an organizations mission and future direction, performance targets, and strategy information systems assessment - correct answer ✔✔consists of taking stock of the firms current IS resources and evaluating how well they are fulfilling the needs of the organization information systems vision - correct answer ✔✔consists of a concise statement that captures what the planning team believes should be the role of IS resources in the firm information systems guidelines - correct answer ✔✔represent a set of statements or maxims, specifying how the firm should use its technical and organizational IS resources

strategic initiatives - correct answer ✔✔long term (3-5 year) proposals that identify new systems and new projects or new directions for the IS organization strategic business planning (know who u are) - correct answer ✔✔information systems are enablers of business strategy and operations efective information systems planning can only occur in concert with business planning information systems assessment (know where u start - correct answer ✔✔objective is to understand what resources are available and whether they are curently satisfying organizational objetives technical resources composed of hardware, software, networking componenets that make up firms IT infrastructure data and information resources composed of databases and other info repositories human resources are composed of IS professionals and the user community infomation systems vision (know where u want to go) - correct answer ✔✔spell out the role that information systems should play in the organization heavy reliance for innovation or mature, less IT intensive industry strategic impact grind - correct answer ✔✔advantage offered is its ability to enable simultaneous evalutation of the firms current and future information system needs proposed strategic initiatives - correct answer ✔✔last component of the strategic information systems plan is the identification of strategic initiatives straegic initiatives are long term proposals that identify new systems and new projects or new directions for the IS organization