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</p> Signup and view all the answers

    How is an information system technically defined?

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

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

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

    What defines Wikis?

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

    What do programmers specialize in?

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

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

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

    What do virtual worlds primarily consist of?

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

    What is the purpose of Web beacons?

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

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

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

    How is intellectual property defined in the text?

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

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