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Impact of Information Systems on Business Operations

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Impact of Information Systems on Business Operations

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Questions and Answers

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?

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?

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?

To achieve strategic business goals and adapt to globalization Signup and view all the answers

What impact does the 'flattened' world concept have on less developed countries?

Provides them with opportunities to gain wealth through international connections Signup and view all the answers

What is one of the strategic business objectives of Information Systems mentioned in the text?

Achieving operational excellence Signup and view all the answers

How does customer/supplier intimacy affect a business according to the text?

Encourages customers to purchase more Signup and view all the answers

What is one way in which IS can help improve decision-making as per the text?

Using real-time insights from IS Signup and view all the answers

Which sector experiences worker exploitation according to the text?

Manufacturing Signup and view all the answers

What is a common outcome of businesses not using IS for decision-making, as described in the text?

Loss of customers and increased costs Signup and view all the answers