Business Model Canvas Components Quiz

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What do business processes refer to?

Specific business results

Intellectual property and core competencies

Tasks and behaviors that organizations develop over time (correct)

Hardware and software used by a firm

What is the meaning of time shifting in business terms?

Managing core competencies effectively

Shifting workspaces globally

Working continuously, 24/7 (correct)

Conducting business in a specific time frame

How can business assets like intellectual property be managed?

Through traditional paperwork

By collaborating with competitors

Through digital means (correct)

By using various programming languages

What does space shifting mean in the context of business?

Global distribution of work activities (A) Signup and view all the answers

How is an information system technically defined?

A set of interrelated components for decision making (A) Signup and view all the answers

What is the role of computer programs in modern information systems?

Direct and control computer processing (D) Signup and view all the answers

What are complementary assets in the context of a firm's technology investments?

Supporting investments in organization and management (B) Signup and view all the answers

Which of the following is NOT considered an important organizational complementary investment for firms?

Highly centralized decision rights (B) Signup and view all the answers

What is a key managerial complementary asset for firms to support their technology investments?

Incentive systems monitoring and rewarding individual innovation (D) Signup and view all the answers

How do firms that fail to make complementary investments in technology support perform according to research?

Receive less returns or no returns (C) Signup and view all the answers

What does organizational and management capital encompass in the context of technology investments?

Supportive business culture, efficient processes, and strong IS development team (C) Signup and view all the answers

Why are investments in complementary assets important for firms' technology investments?

To enhance and support the primary investment (C) Signup and view all the answers

What is the role of a systems analyst in an organization?

Translate business problems into information requirements (A) Signup and view all the answers

Who is responsible for overseeing the use of information technology in a firm?

Chief Information Officer (CIO) (B) Signup and view all the answers

What defines Wikis?

Allowing users to contribute and edit content without Web development knowledge (D) Signup and view all the answers

What do programmers specialize in?

Writing software instructions for computers (C) Signup and view all the answers

Who are the leaders of teams that may include programmers, analysts, and database specialists?

Project leaders (C) Signup and view all the answers

What do virtual worlds primarily consist of?

Residents who build avatars (D) Signup and view all the answers

What aspect of the business model focuses on identifying new market opportunities through data analysis?

Key activities (C) Signup and view all the answers

Which activity involves analyzing 12B TB of tweets daily to understand customer sentiments?

Analyzing customer sentiment and experience (A) Signup and view all the answers

How does a green energy company optimize wind turbine usage and asset placement?

By analyzing real-time transactional data (A) Signup and view all the answers

What is the main focus of multi-channel customer sentiment and experience analysis?

Identifying key influencers within target demographics (D) Signup and view all the answers

Which business component focuses on determining what customers are willing to pay for and how they prefer to pay?

Revenue streams (C) Signup and view all the answers

'Gather data from different sources to get the complete picture' is an example of an activity that falls under which business component?

Key activities (C) Signup and view all the answers

What is the purpose of Web beacons?

To monitor user behavior and report data back invisibly (A) Signup and view all the answers

How can spyware install itself on a user's computer?

By piggybacking on larger applications (D) Signup and view all the answers

What defines the opt-out model of informed consent?

Collecting personal information until the consumer requests otherwise (D) Signup and view all the answers

What is a negative social cost associated with technology mentioned in the text?

Cyber bullying and computer crime (C) Signup and view all the answers

In the context of data collection, what is the opt-in model of informed consent?

Only collecting personal information when the consumer specifically approves (B) Signup and view all the answers

How is intellectual property defined in the text?

Intangible property created by individuals or corporations (C) Signup and view all the answers