Business Model Canvas Components Quiz
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Questions and Answers

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?

<p>Global distribution of work activities (A)</p> Signup and view all the answers

How is an information system technically defined?

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

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

<p>Direct and control computer processing (D)</p> Signup and view all the answers

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

<p>Supporting investments in organization and management (B)</p> Signup and view all the answers

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

<p>Highly centralized decision rights (B)</p> Signup and view all the answers

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

<p>Incentive systems monitoring and rewarding individual innovation (D)</p> Signup and view all the answers

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

<p>Receive less returns or no returns (C)</p> Signup and view all the answers

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

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

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

<p>To enhance and support the primary investment (C)</p> Signup and view all the answers

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

<p>Translate business problems into information requirements (A)</p> Signup and view all the answers

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

<p>Chief Information Officer (CIO) (B)</p> Signup and view all the answers

What defines Wikis?

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

What do programmers specialize in?

<p>Writing software instructions for computers (C)</p> Signup and view all the answers

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

<p>Project leaders (C)</p> Signup and view all the answers

What do virtual worlds primarily consist of?

<p>Residents who build avatars (D)</p> Signup and view all the answers

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

<p>Key activities (C)</p> Signup and view all the answers

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

<p>Analyzing customer sentiment and experience (A)</p> Signup and view all the answers

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

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

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

<p>Identifying key influencers within target demographics (D)</p> 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?

<p>Revenue streams (C)</p> 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?

<p>Key activities (C)</p> Signup and view all the answers

What is the purpose of Web beacons?

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

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

<p>By piggybacking on larger applications (D)</p> Signup and view all the answers

What defines the opt-out model of informed consent?

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

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

<p>Cyber bullying and computer crime (C)</p> Signup and view all the answers

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

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

How is intellectual property defined in the text?

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

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