Which of the following describes how a company generates revenue from its assets? Using a combination of mobile and database technology, Papa Romano's Pizza House keeps records of the pizza preferences of all its customers

1. Which of the following describes how a company generates revenue from its assets?

business model

2. Using a combination of mobile and database technology, Papa Romano's Pizza House keeps records of the pizza preferences of all its customers. Tommy likes ordering from Papa Romano's because when he calls, he just says "send me the usual" and hangs up. They already know where he lives, what kind of pizza he wants and what credit card to bill. The big increase in ordering and fulfillment efficiency represents which of the following for Papa Romano's?

Competitive Advantage

3. According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except for which one?

Political and/or economic factors

4. Because of the shift to cloud computing, there is growing demand for professionals and managers who are more focused on which of the following than they are on application development?

Business development

5. What can managers expect from making IT investments on the basis of an immediate need that is isolated from business strategy?

Suboptimal outcomes

6. By aligning IT strategic planning with the business strategy, companies can do which of the following?

Build differentiating capabilities

7. Which of the following refers to anytime/anywhere connectivity to clients, customers, and employees?

Mobility

8. Which of the following is not one of the reasons why an IT project is discontinued or abandoned?

The project was under-budget

9. IT governance covers each of the following areas except for which one?

Inventory management

10. Why is it necessary to develop a long-term IT strategy and reexamine the strategy on a regular basis?

Organizational goals change over time