Podcast
Questions and Answers
What is the defining characteristic of a digital firm?
What is the defining characteristic of a digital firm?
- Using traditional methods for customer and supplier interactions
- Having a physical presence for all business interactions
- Utilizing big data and machine learning
- Being completely digitally enabled in business relationships (correct)
How has the Internet influenced globalization according to the text?
How has the Internet influenced globalization according to the text?
- By limiting access to information across international borders
- By slowing down the buying and selling process worldwide
- By increasing the cost of production on a global scale
- By facilitating communication and lowering global trade barriers (correct)
What major trend is mentioned in the text related to information systems?
What major trend is mentioned in the text related to information systems?
- Emergence of machine learning systems (correct)
- Isolation of decision-making processes
- Decrease in the use of social media in business
- Stagnation in technological advancements
Why are information systems considered imperative for survival in a 'flattened' world?
Why are information systems considered imperative for survival in a 'flattened' world?
What impact does the 'flattened' world concept have on less developed countries?
What impact does the 'flattened' world concept have on less developed countries?
What is one of the strategic business objectives of Information Systems mentioned in the text?
What is one of the strategic business objectives of Information Systems mentioned in the text?
How does customer/supplier intimacy affect a business according to the text?
How does customer/supplier intimacy affect a business according to the text?
What is one way in which IS can help improve decision-making as per the text?
What is one way in which IS can help improve decision-making as per the text?
Which sector experiences worker exploitation according to the text?
Which sector experiences worker exploitation according to the text?
What is a common outcome of businesses not using IS for decision-making, as described in the text?
What is a common outcome of businesses not using IS for decision-making, as described in the text?
