Ivy Software / MBA PrepWorks
Information Systems & Technology Management
Comprehensive Resource To Help You Ace 2026-2027
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!!
Current Update!!
1. Marginal Cost
Answer: The cost of producing one additional unit of a product.
2. Network Effects
Answer: The effect that one user of a good or service has on the value of that
product to other users.
3. Switching Costs
Answer: Costs incurred by a consumer when changing brands, suppliers, or
products.
4. Open Source Software (OSS)
Answer: Software that is free to use, with source code that can be viewed,
modified, and redistributed by anyone.
5. Cloud Computing
,Answer: Replacing on-premise computing with services delivered over the
Internet.
6. Software as a Service (SaaS)
Answer: A model in which a firm subscribes to third-party software delivered
online.
7. Virtualization
Answer: Technology that allows a single physical computer to operate as
multiple virtual machines.
8. Linux
Answer: An open-source operating system whose source code can be changed
and redistributed by users.
9. LAMP
Answer: An acronym for Linux, Apache, MySQL, and Perl/Python/PHP,
commonly used in web application development.
10.Cost (OSS Advantage)
Answer: Free alternatives to expensive commercial software serve as a major
motivator for adoption.
11.Reliability (OSS Advantage)
,Answer: Broad code review increases the likelihood that errors are detected
and corrected.
12.Security (OSS Advantage)
Answer: Technology products that contain strong security features due to open
inspection of code.
13.Scalability
Answer: The ability of a system to handle increased workloads or be expanded
easily.
14.Agility and Time to Market
Answer: Vendors can skip stages of development, allowing faster release of
new products.
15.Heartbleed
Answer: A major security flaw in the OpenSSL toolkit that affected
approximately two-thirds of Internet websites.
16.Core Infrastructure Initiative
Answer: A Linux Foundation project created to fund and secure critical open-
source infrastructure.
17.Cautionary Lesson from Heartbleed
, Answer: Widespread use does not guarantee safety; open-source software
must still be audited and supported properly.
18.Commercial Products and Open-Source Equivalents
Answer: Nearly every commercial software product has an open-source
alternative.
19.Mark Zuckerberg
Answer: Facebook CEO and founder known for advocating open-source tools.
20.Total Cost of Ownership (TCO)
Answer: All costs associated with software design, development, testing,
implementation, training, and maintenance.
21.Platform as a Service (PaaS)
Answer: A cloud model that allows customers to develop and manage
applications without managing infrastructure.
22.Infrastructure as a Service (IaaS)
Answer: A cloud model providing virtualized computing resources over the
internet.
23.Private Clouds
Answer: Computing resources housed within an organization and allocated
internally as needed.
Information Systems & Technology Management
Comprehensive Resource To Help You Ace 2026-2027
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!!
Current Update!!
1. Marginal Cost
Answer: The cost of producing one additional unit of a product.
2. Network Effects
Answer: The effect that one user of a good or service has on the value of that
product to other users.
3. Switching Costs
Answer: Costs incurred by a consumer when changing brands, suppliers, or
products.
4. Open Source Software (OSS)
Answer: Software that is free to use, with source code that can be viewed,
modified, and redistributed by anyone.
5. Cloud Computing
,Answer: Replacing on-premise computing with services delivered over the
Internet.
6. Software as a Service (SaaS)
Answer: A model in which a firm subscribes to third-party software delivered
online.
7. Virtualization
Answer: Technology that allows a single physical computer to operate as
multiple virtual machines.
8. Linux
Answer: An open-source operating system whose source code can be changed
and redistributed by users.
9. LAMP
Answer: An acronym for Linux, Apache, MySQL, and Perl/Python/PHP,
commonly used in web application development.
10.Cost (OSS Advantage)
Answer: Free alternatives to expensive commercial software serve as a major
motivator for adoption.
11.Reliability (OSS Advantage)
,Answer: Broad code review increases the likelihood that errors are detected
and corrected.
12.Security (OSS Advantage)
Answer: Technology products that contain strong security features due to open
inspection of code.
13.Scalability
Answer: The ability of a system to handle increased workloads or be expanded
easily.
14.Agility and Time to Market
Answer: Vendors can skip stages of development, allowing faster release of
new products.
15.Heartbleed
Answer: A major security flaw in the OpenSSL toolkit that affected
approximately two-thirds of Internet websites.
16.Core Infrastructure Initiative
Answer: A Linux Foundation project created to fund and secure critical open-
source infrastructure.
17.Cautionary Lesson from Heartbleed
, Answer: Widespread use does not guarantee safety; open-source software
must still be audited and supported properly.
18.Commercial Products and Open-Source Equivalents
Answer: Nearly every commercial software product has an open-source
alternative.
19.Mark Zuckerberg
Answer: Facebook CEO and founder known for advocating open-source tools.
20.Total Cost of Ownership (TCO)
Answer: All costs associated with software design, development, testing,
implementation, training, and maintenance.
21.Platform as a Service (PaaS)
Answer: A cloud model that allows customers to develop and manage
applications without managing infrastructure.
22.Infrastructure as a Service (IaaS)
Answer: A cloud model providing virtualized computing resources over the
internet.
23.Private Clouds
Answer: Computing resources housed within an organization and allocated
internally as needed.
