Chapter 1 - Chapter 1 Managing the Digital Firm 1 -1...

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Chapter 1 Managing the Digital Firm 1-1 Chapter 1 Managing the Digital Firm 1. Internet culture is: a. global. b. regional. c. domestic. d. local. Answer : a Difficulty: Easy Reference: p. 4 2. What term is used to refer to all of the computer-based information systems used by organizations and their underlying technologies? a. network technology b. digital technology c. information technology d. productivity technology Answer : c Difficulty: Easy Reference: p. 4 3. The ultimate end product of the new ways of conducting business electronically is: a. the extinction of the traditional bureaucracy. b. more government oversight. c. a more complicated tax structure. d. the digital firm. Answer : d Difficulty: Easy Reference: p. 4 4. The largest component of capital investment for firms in the United States and many industrialized societies is: a. inventory. b. information technology. c. machinery. d. buildings. Answer : b Difficulty: Easy Reference: p. 4
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Managing the Digital Firm Chapter 1 5. In 2005, U.S. firms alone will spend nearly $1.8 __________________ on IT and telecommunications equipment and software. a. thousand b. million c. billion d. trillion Answer : d Difficulty: Easy Reference: p. 4 6. The use of the Internet and digital technology to execute all of the activities in the enterprise is referred to as: a. digital business. b. electronic business. c. electronic commerce. d. digital processes. Answer : b Difficulty: Medium Reference: p. 9 7. Buying and selling of goods and services electronically with computerized business transactions using the Internet, networks, and other digital technologies is called: a. electronic commerce. b. electronic communications. c. electronic business. d. electronic exchanges. Answer : a Difficulty: Medium Reference: p. 9 8. The application of the Internet and related technologies to digitally enable government and public sector agencies’ relationships with citizens, businesses, and other arms of government is called: a. e-commerce. b. e-business. c. e-government. d. e-technology. Answer : c Difficulty: Easy Reference: p. 9 9. Experts believe that ____________________ percent of travel sales will be online within a decade. a. 10 to 30 b. 30 to 40 c. 40 to 50. d. 50 to 70. Answer
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Chapter 1 - Chapter 1 Managing the Digital Firm 1 -1...

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