How is the five-component framework used to estimate the scope of new information systems?
What will be an ideal response?
The five-component framework can also be used when assessing the scope of new systems. For example, when a vendor pitches the need for a new technology, the five components are used to assess how big of an investment that new technology represents. What new hardware will the user need? What programs will the user need to license? What databases and other data must the user create? What procedures will need to be developed for both the use and administration of the information system? And, finally, what will be the impact of the new technology on people? Which jobs will change? Who will need training? How will the new technology affect morale? Will the user need to hire new people? Will the user need to reorganize? The five-component model helps the user think more completely about the impact of new technology.
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Which of the following is NOT typical of the MPR process?
A) Marketers base their objectives on motivating consumers to behave in specific ways. B) Organizations reach consumers through messages sent through a set of connectors. C) Marketing goals are measurable. D) Campaign messages rely on random and sporadic appearances in the media. E) Reaching consumers depends on purposeful interaction between an organization and its connectors
A company's product is very complex, and there is value in having employees develop deep expertise in each aspect of the production process. Which organizational structure would foster deep, specialized knowledge?
A. matrix B. functional C. market D. divisional E. product
Which of the following statements best describes the term "par value?"
A. Determined by dividing total stockholder's equity by the number of shares of stock. B. The amount that must be paid to purchase a share of stock. C. The number of shares currently in the hands of stockholders. D. An amount used in determining a corporation's legal capital.
Upton borrows $150,000 from Valley Credit Union to buy a home, which secures the loan. Three years into the term, Upton stops making payments on it. Valley Credit repossesses and auctions off the property to Wesley. The sale proceeds are not enough to cover the unpaid amount of the loan. In most states, Valley Credit can ask a court for
A. a deficiency judgment. B. a reverse mortgage. C. a short sale. D. nothing.