COB FINAL EXAM EXAM LAtEst 2026 ACtuAL QuEstIONs ANd
VErIFIEd ANswErs (LAtEst updAtE) A+ GrAdE 100%
GuArANtEE VErIFIEd By EXpErts
__________ is what the customer is willing to pay. - ANSWER-Value
Imagine that you own a manufacturing shop. You've discovered that recently there has
been an overproduction of a key ingredient in your main business process so you plan
to "shop around" for the best price. Based on the model presented in the question
above, this situation is known as _________________. - ANSWER-bargaining power of
customers
One of your classmates found that there has been an "explosion" in the 3 Vs of financial
data. What kind of data is being described? - ANSWER-Big Data
Time and place where a retail transaction is completed - ANSWER-Point of Sale
Contain a chip that can store a considerable amount of information - ANSWER-Smart
Card
Some e-commerce is conducted, but primary business is carried out in the physical
world - ANSWER-Clicks-and-Mortar
Servicing customers, collaborating with business partners and performing electronic
transactions within an organization - ANSWER-E-Business
Process of buying, selling, transferring or exchanging products, services or information
via computer networks, including the Internet - ANSWER-E-Commerce
Sellers are organizations and buyers are individuals - ANSWER-B2C
,Two individuals or an individual and a business can transfer funds without using a
credit card. - ANSWER-Person-to-Person Payment
Organizations are both sellers and buyers - ANSWER-B2B
Individual sells products or services to other individuals. Etsy.com is an example. -
ANSWER-C2C
Customers can purchase products from Target by walking into a physical store and by
ordering from their online store. Which type of business presence do they have? -
ANSWER-Clicks and Mortar
Wal-Mart is typically associated with which of the following competitive strategies? -
ANSWER-Cost Leader
What does Wal-Mart advertise as its competitive advantage? - ANSWER-Lower prices
than competitors
When Carey was in Richmond and used her cellphone to search for a Starbucks store,
the results showed Richmond-based locations. When she was in Fairfax, the results
showed Fairfax-based locations. Starbucks is using a _____________ mobile marketing
strategy. - ANSWER-location-based
What term means, "Too big to work on common computers and software"? - ANSWER-
Volume
What term means, "Multiple formats, often unstructured, and according to a study, "the
biggest factor that's leading companies to big data solutions.'"? - ANSWER-Variety
What term means, "Constant influx of data (better known as "streaming data")"? -
ANSWER-Velocity
Data placed in a file with fixed fields or variables is called - ANSWER-Structured Data
, Which of the following is not an example of social commerce? - ANSWER-Best Buy has
a website, which can be used to purchase products for pick up in a store.
A Web 2.0 media website encourages contributions of ____________ media content and
promotes tagging, rating, commenting, and other interactions among users. -
ANSWER-User- Generated
In Porter's Value Chain below, "Margin" is also known as ____________________. -
ANSWER-Profit
Value minus cost equals __________________. - ANSWER-Profit
An advantage of OLAP reports is their ability to let users drill down into the data. -
ANSWER-True
________ is the application of statistical techniques to find patterns and relationships
among data for classification and prediction. - ANSWER-Data Mining
Apache Hadoop is an open source software framework used in conjunction with
another tool called MapReduce to quickly process very large data sets across
hundreds to thousands of computing nodes that operate in parallel. It uses a query
language called "Pig Latin" (no joke). The use of Hadoop and MapReduce together is
simply called Hadoop MapReduce.
Hadoop MapReduce is associated most closely with which of the following areas of
information systems? - ANSWER-Business Intellgence
To "drill down" means... - ANSWER-to move deeper into a chain of data from high-level
information to more detailed focused information
What three tools did Dr. Emily York, Charles Boyd, Chris Collins and Dr. Conley use to
understand the social context and ethical issues of autonomous vehicles? Check all
that apply. - ANSWER-Scenario analysis
VErIFIEd ANswErs (LAtEst updAtE) A+ GrAdE 100%
GuArANtEE VErIFIEd By EXpErts
__________ is what the customer is willing to pay. - ANSWER-Value
Imagine that you own a manufacturing shop. You've discovered that recently there has
been an overproduction of a key ingredient in your main business process so you plan
to "shop around" for the best price. Based on the model presented in the question
above, this situation is known as _________________. - ANSWER-bargaining power of
customers
One of your classmates found that there has been an "explosion" in the 3 Vs of financial
data. What kind of data is being described? - ANSWER-Big Data
Time and place where a retail transaction is completed - ANSWER-Point of Sale
Contain a chip that can store a considerable amount of information - ANSWER-Smart
Card
Some e-commerce is conducted, but primary business is carried out in the physical
world - ANSWER-Clicks-and-Mortar
Servicing customers, collaborating with business partners and performing electronic
transactions within an organization - ANSWER-E-Business
Process of buying, selling, transferring or exchanging products, services or information
via computer networks, including the Internet - ANSWER-E-Commerce
Sellers are organizations and buyers are individuals - ANSWER-B2C
,Two individuals or an individual and a business can transfer funds without using a
credit card. - ANSWER-Person-to-Person Payment
Organizations are both sellers and buyers - ANSWER-B2B
Individual sells products or services to other individuals. Etsy.com is an example. -
ANSWER-C2C
Customers can purchase products from Target by walking into a physical store and by
ordering from their online store. Which type of business presence do they have? -
ANSWER-Clicks and Mortar
Wal-Mart is typically associated with which of the following competitive strategies? -
ANSWER-Cost Leader
What does Wal-Mart advertise as its competitive advantage? - ANSWER-Lower prices
than competitors
When Carey was in Richmond and used her cellphone to search for a Starbucks store,
the results showed Richmond-based locations. When she was in Fairfax, the results
showed Fairfax-based locations. Starbucks is using a _____________ mobile marketing
strategy. - ANSWER-location-based
What term means, "Too big to work on common computers and software"? - ANSWER-
Volume
What term means, "Multiple formats, often unstructured, and according to a study, "the
biggest factor that's leading companies to big data solutions.'"? - ANSWER-Variety
What term means, "Constant influx of data (better known as "streaming data")"? -
ANSWER-Velocity
Data placed in a file with fixed fields or variables is called - ANSWER-Structured Data
, Which of the following is not an example of social commerce? - ANSWER-Best Buy has
a website, which can be used to purchase products for pick up in a store.
A Web 2.0 media website encourages contributions of ____________ media content and
promotes tagging, rating, commenting, and other interactions among users. -
ANSWER-User- Generated
In Porter's Value Chain below, "Margin" is also known as ____________________. -
ANSWER-Profit
Value minus cost equals __________________. - ANSWER-Profit
An advantage of OLAP reports is their ability to let users drill down into the data. -
ANSWER-True
________ is the application of statistical techniques to find patterns and relationships
among data for classification and prediction. - ANSWER-Data Mining
Apache Hadoop is an open source software framework used in conjunction with
another tool called MapReduce to quickly process very large data sets across
hundreds to thousands of computing nodes that operate in parallel. It uses a query
language called "Pig Latin" (no joke). The use of Hadoop and MapReduce together is
simply called Hadoop MapReduce.
Hadoop MapReduce is associated most closely with which of the following areas of
information systems? - ANSWER-Business Intellgence
To "drill down" means... - ANSWER-to move deeper into a chain of data from high-level
information to more detailed focused information
What three tools did Dr. Emily York, Charles Boyd, Chris Collins and Dr. Conley use to
understand the social context and ethical issues of autonomous vehicles? Check all
that apply. - ANSWER-Scenario analysis
