The network and system administrator job category is among the fastest growing is/mis occupations.

25) Internet advertising is growing at approximately 5 percent a year.

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Difficulty:ChallengingAACSB:Reflective thinkingLO:1-1: How are information systems transforming business, and why are they soessential for running and managing a business today?26) Creating a marketing plan is not an example of a business process.

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Difficulty:EasyAACSB:Reflective thinkingLO:1-1: How are information systems transforming business, and why are they soessential for running and managing a business today?27) In order to be considered a digital firm, all of the firm's significant businessrelationships and core business processes must be digitally enabled.

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Difficulty:EasyAACSB:Reflective thinkingLO:1-1: How are information systems transforming business, and why are they soessential for running and managing a business today?28) A business model describes how a company produces, delivers, and sells aproduct or service to create wealth.

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Difficulty:EasyAACSB:Reflective thinkingLO:1-1: How are information systems transforming business, and why are they soessential for running and managing a business today?29) Private business investment in information technology constituted 55 percent ofall invested capital in 2017.

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Difficulty:ModerateAACSB:Reflective thinkingLO:1-1: How are information systems transforming business, and why are they soessential for running and managing a business today?

Assume you are an IT project manager dealing with competing priorities, stakeholders, and budgets. Many times, one or more stakeholders want to outsource a specific element of a project to save time, money, or both. From the project management perspective, how would you explain the difference between insourcing and outsourcing to non-technical team members?

Insourcing is contracting development, while outsourcing is doing the project in another country.

Insourcing is internal development, while outsourcing involves contracting out development.

Insourcing is the act of launching a project, while outsourcing is the act of ending a project.

Insourcing is hiring employees, and outsourcing is laying off employees.

A firm's security policies can contribute and relate to the six main business objectives as follows:

(1) Operational excellence: Security policies are essential to operational excellence. A firm's daily transactions can be severely disrupted by cybercrime such as hackers. A firm's efficiency relies on accurate data. In addition, information assets have tremendous value, and the repercussions can be devastating if they are lost, destroyed, or placed in the wrong hands.

(2) New products, services, business models. Security policies protect a company's ideas for new products and services, which could be stolen by competitors. Additionally, enhanced security could be seen by a customer as a way to differentiate your product.

(3) Customer and supplier intimacy: Customers rely on your security if they enter personal data into your information system, for example, credit card information into your e-commerce site. The information you receive from customers and suppliers directly affects how able you are to customize your product, service, or communication with them.

(4) Improved decision making: Secure systems make data accuracy a priority, and good decision making relies on accurate and timely data. Lost and inaccurate data would lead to compromised decision making.

(5) Competitive advantage: The knowledge that your firm has superior security than another would, on an otherwise level playing field, make your firm more attractive to do business with. Also, improved decision-making, new products and services, which are also affected by security (see above), will contribute to a firm's competitive advantage. Strong security and control also increase employee productivity and lower operational costs.

(6) Survival: New laws and regulations make keeping your security system up to date a matter of survival. Inadequate security and control may result in serious legal liability. Firms have been destroyed by errors in security policies.