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Management Information Sy stems, 12e (Laudon) Chapter 3 Information Systems, Organizations, and Strategy 1) An adhocracy is a knowledge-based organization where goods and services depend on the expertise and knowledge of professionals
Answer: FALSE Diff: 3 Page Ref: 88 AACSB: Reflective Thinking CASE: Content Objective: 3
1 2) From the point of view of economics, information systems technology can be viewed as a factor of production that can be substituted for traditional capital and labor
Answer: TRUE Diff: 3 Page Ref: 89 AACSB: Use of IT CASE: Content Objective: 3
1 3) A firm can be said to have competitive advantage when they have higher stock market valuations than their competitors
Answer: TRUE Diff: 2 Page Ref: 95 AACSB: Reflective Thinki