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Questions and Answers
What is the term used for internal corporate networks based on Internet Technology?
What is the term used for internal corporate networks based on Internet Technology?
Which term refers to the logically related tasks and behaviors developed by organizations over time to produce specific business results?
Which term refers to the logically related tasks and behaviors developed by organizations over time to produce specific business results?
What emphasizes mathematically based models to study information systems and their capabilities?
What emphasizes mathematically based models to study information systems and their capabilities?
What is defined as a set of interrelated components that collect, process, store, and distribute information to support decision making and control in an organization?
What is defined as a set of interrelated components that collect, process, store, and distribute information to support decision making and control in an organization?
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What are the streams of raw facts representing events occurring in organizations or the physical environment called before they are organized for use?
What are the streams of raw facts representing events occurring in organizations or the physical environment called before they are organized for use?
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What is the term for assets required to derive value from a primary investment?
What is the term for assets required to derive value from a primary investment?
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What is the main characteristic of a Digital Firm?
What is the main characteristic of a Digital Firm?
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What does Management aim to do in organizations?
What does Management aim to do in organizations?
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What does RFU stand for?
What does RFU stand for?
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What is the main function of the World Wide Web?
What is the main function of the World Wide Web?
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How does IT Innovations impact the traditional business world?
How does IT Innovations impact the traditional business world?
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Who are Knowledge Workers according to the text?
Who are Knowledge Workers according to the text?
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Study Notes
Networking and Technology
- Intranets are internal corporate networks based on internet technology
- Networking and Telecommunications Technology consists of physical devices and software that link hardware and transfer data between locations
Business and Management
- A Business Process refers to a set of logically related tasks and behaviors that organizations develop over time to produce specific business results
- Operational Excellence is achieved by continuously improving operational efficiency to increase profitability
- Middle Management carries out the programs and plans of senior management
- Management involves making sense of situations, making decisions, and formulating action plans to solve organizational problems
- Operational Management is responsible for monitoring daily business activities
Information Systems
- An Information System collects, processes, stores, and distributes information to support decision-making and control in an organization
- Data refers to streams of raw facts representing events occurring in organizations or the physical environment
- Input involves capturing or collecting raw data from within the organization or from its external environment
- Data Management Technology consists of software governing the organization of data on physical storage media
- Computer Software consists of detailed, preprogrammed instructions controlling and coordinating computer hardware components
Workforce and Operations
- Knowledge Workers design products or services and create new knowledge for the firm
- Production or Service Workers produce products and deliver services
- Time Shifting refers to business being conducted continuously, 24/7
- Space Shifting means that work takes place in a global workshop, beyond national boundaries
Strategy and Performance
- Core Business Processes are accomplished through digital networks spanning the entire organization or linking multiple organizations
- Customer and Supplier Intimacy involves knowing customers and serving them well, leading to customer loyalty and repeat business
- Complimentary Assets are those required to derive value from a primary investment
- Digital Firm is a company where nearly all significant business relationships are digitally enabled and mediated
Miscellaneous
- World Wide Web is a service provided by the internet, using universally accepted standards for storing, retrieving, formatting, and displaying information
- IT Innovations involve a continuing stream of information technology innovations transforming the traditional business world
- Improved Decision Making involves having the right information at the right time to make informed decisions
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Description
Test your knowledge on digital firms, management, abbreviations, and internet services with this quiz. Identify key concepts in business and technology.
