30 Questions
What do business processes refer to?
Tasks and behaviors that organizations develop over time
What is the meaning of time shifting in business terms?
Working continuously, 24/7
How can business assets like intellectual property be managed?
Through digital means
What does space shifting mean in the context of business?
Global distribution of work activities
How is an information system technically defined?
A set of interrelated components for decision making
What is the role of computer programs in modern information systems?
Direct and control computer processing
What are complementary assets in the context of a firm's technology investments?
Supporting investments in organization and management
Which of the following is NOT considered an important organizational complementary investment for firms?
Highly centralized decision rights
What is a key managerial complementary asset for firms to support their technology investments?
Incentive systems monitoring and rewarding individual innovation
How do firms that fail to make complementary investments in technology support perform according to research?
Receive less returns or no returns
What does organizational and management capital encompass in the context of technology investments?
Supportive business culture, efficient processes, and strong IS development team
Why are investments in complementary assets important for firms' technology investments?
To enhance and support the primary investment
What is the role of a systems analyst in an organization?
Translate business problems into information requirements
Who is responsible for overseeing the use of information technology in a firm?
Chief Information Officer (CIO)
What defines Wikis?
Allowing users to contribute and edit content without Web development knowledge
What do programmers specialize in?
Writing software instructions for computers
Who are the leaders of teams that may include programmers, analysts, and database specialists?
Project leaders
What do virtual worlds primarily consist of?
Residents who build avatars
What aspect of the business model focuses on identifying new market opportunities through data analysis?
Key activities
Which activity involves analyzing 12B TB of tweets daily to understand customer sentiments?
Analyzing customer sentiment and experience
How does a green energy company optimize wind turbine usage and asset placement?
By analyzing real-time transactional data
What is the main focus of multi-channel customer sentiment and experience analysis?
Identifying key influencers within target demographics
Which business component focuses on determining what customers are willing to pay for and how they prefer to pay?
Revenue streams
'Gather data from different sources to get the complete picture' is an example of an activity that falls under which business component?
Key activities
What is the purpose of Web beacons?
To monitor user behavior and report data back invisibly
How can spyware install itself on a user's computer?
By piggybacking on larger applications
What defines the opt-out model of informed consent?
Collecting personal information until the consumer requests otherwise
What is a negative social cost associated with technology mentioned in the text?
Cyber bullying and computer crime
In the context of data collection, what is the opt-in model of informed consent?
Only collecting personal information when the consumer specifically approves
How is intellectual property defined in the text?
Intangible property created by individuals or corporations
Test your knowledge on the key components of a business model canvas, including channels, customer relationships, revenue streams, key resources, and key activities. Explore how different customer segments prefer to be reached, what relationships are established, what customers are willing to pay for, and essential business resources and activities.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
