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Questions and Answers
What are the five components that make up an information system?
What are the five components that make up an information system?
- Input, processing, output, feedback, control
- Hardware, software, database, organization, business partners
- Technology, procedures, network, management, customers
- Hardware, software, data, people, process (correct)
What is the definition of competitive advantage?
What is the definition of competitive advantage?
- The ability to outperform rivals in terms of profitability or efficiency
- The unique selling proposition of a company
- The market dominance achieved by a company
- Any assets that provide an organization with an edge against its competitors in some measure (correct)
What are the three elements that comprise a business process?
What are the three elements that comprise a business process?
- Inputs, resources, outputs (correct)
- Technology, innovation, communication
- Supply chain, production line, customer service
- Planning, execution, evaluation
What is the difference between efficiency and effectiveness in measuring processes?
What is the difference between efficiency and effectiveness in measuring processes?
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What is the definition of a business process?
What is the definition of a business process?
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