Question 1. Which of the following statements about information technology is FALSE?
a. Some companies have been threatened by information technology.
b. Information technology can create new product opportunities.
c. Information technology has caused the price of information to remain stable.
d. Part of Walmart's success is due to information technology.
Question 2. An information system that managers design in order to have access to specific information that they need to perform their job effectively is known as a(n) __________.
a. software agent
b. MIS
c. artificial intelligence system
d. expert system
Question 3. Some management scholars have argued that the use of MIS systems has reduced the need for "tall" management structures. Do you agree or disagree with this conclusion? Support your answer.
Question 4. Discuss the four factors that determine how useful information is to a manager, and give a specific business example of each of these factors in a specific business situation of your choosing.