Shared Flashcard Set

Details

MIS Final
Quizes 9-12 (but not 10)
30
Business
Undergraduate 2
12/11/2012

Additional Business Flashcards

 


 

Cards

Term
Ubiquity (relating to e-commerce)
Definition
The availability of the Internet everywhere and anytime
Term
Interactivity
Definition
The act of engaging consumers in dialog that dynamically adjust the experience to the individual
Term
Price Discrimination
Definition
Selling the same goods to different targeted groups at different prices
Term
Information Asymmetry
Definition
exists when one party in a transaction has more information that is important for the transaction than the other party
Term
Compared to digital markets
Definition
traditional markets have higher transaction costs
Term
the Wisdom of Crowds
Definition
large numbers of people can make better decisions about a wide range of topics or products than a single person or even a small committee of experts
Term
Dynamic Pricing
Definition
Varying a product's price according to the supply situation
Term
Subscription
Definition
revenue model of website in which a fee is charged for acess to some or all of the site's offerings
Term
Requirements Analysis
Definition
Process that developes a detailed description of the functions that a new information system must preform
Term
user information requiments
Definition
The entire system-building effort is driven by
Term
Acceptance Testing
Definition
provides the final certification that the system is ready to be used in a production setting
Term
Parallel Conversion Strategy
Definition
the new system and the old are ran together
Term
Project Management
Definition
he application of knowledge, skills, tools, and techniques to achieve specific targets within specified budget and time constraints
Term
Return on investd capital
Definition
the worth of systems from a financial perspective essentially revolves around the question of
Term
Implementing a prototyping methodology for a small web-based design (order of steps)
Definition
Identify user requirements, develop the prototype, user test the prototype, revise and enhnce the prototype, implement for usage
Term
Profiling
Definition
the use of computers to combine data from multiple sources and create electronic dossier of detailed infomation on individuals
Term
Due Process
Definition
the process in law-goverened societies in chich laws are known and understood and there is an ability to appeal to higher authorities to ensuer that the law are applied correctly
Term
Copyright Law
Definition
legal mechanism protecting the owners of intellectual property from having thier work copied
Term
Digital Divide
Definition
large disparitie in access to computer and the internet among different social groups and different locations
Term
Responsibility
Definition
Accepting the potential costs, duties, and obligations for the decisions you make
Term
Data Quality
Definition
the most common source of business system failure
Term
Visitor's computer
Definition
were cookies (from websites) are stored
Term
True
Definition
in general, for digital goods, the marginal cost of producing anothe unit is about zero
Term
False
Definition
Intellectual property refers to all forms of human expression, both tangible and intangible
Term
True
Definition
An information systems plan shows how specific information systems fit into a company's overall business plan and strategy
Term
False
Definition
end users should not be included in the design process, but must be involved later
Term
False
Definition
Thoough testing is not required if, during the programming stage, the desing doccuments are sufficiently detailed
Term
Privacy
Definition
the right to be left alon when you want to be, without surveillance or interference from other individuals or organizations
Term
Spyware
Definition
software that comes hidden in downloaded applications and can track your online movements
Term
Copyright
Definition
the legal protectionafforded intellectual property, such as song, book, or video
Supporting users have an ad free experience!