Software applications that provide a company with a unique competitive advantage are good candidates for which form of application development?

Group of answer choices

Customization

Outsourcing

In-house development

Off-the-shelf

In the context of our course, computer technology makes up a key component of information systems (IS). What other factor is integral to the success of IS?

Group of answer choices

Cost

Constant change

People

Competitors

Companies that are mature in their IS budgeting and IS management often move from "CapEx" to "OpEx", meaning they regard information systems as operational expenses versus capital expenses. Which of the following is an example of such a move from CapEx to OpEx?

Group of answer choices

Purchase and install accounting software on every desktop in the accounting department.

Rent cloud storage space from Amazon to store our customer data.

Initiate a 6-month long project to have the internal IT-department develop a customer relationship management (CRM) system.

Purchase and install a $10,000 server in our data center.

One common method of IS funding is called the overhead method. In this method, the IS department receives a fixed annual budget, which it then spends on various IS-related services. What can be considered an important advantage of the overhead funding method?

Group of answer choices

The overhead method is a very good way to hold the IS department accountable for its spending.

Overhead funding is simple to administer and allows the IS department to experiment with innovative uses of IT.

Allowing the IS department determine IS spending is a good way to ensure that IS spending is aligned with business strategy.

The overhead method promotes accountability for IS-related spending in all (non-IS) functional units across the enterprise.

In the context of IS budgeting, what is referred to as virtuous spending?

Group of answer choices

Money spent on projects that are very cost effective and cheap.

Money spent on IT equipment that is provided to non-profits and charities.

Money spent on innovative approaches to solve new or existing problems.

Money spent on IS projects that are highly profitable.