Front

Organizations are technical structures that exist independently of people and culture.

Back

False

Front

Information systems can help reduce transaction and agency costs.

Back

True

Front

In the microeconomic definition, organizations are viewed as capital and labor combined in a production function.

Back

True

Front

Flattened organizations often have fewer levels of management and broader spans of control.

Back

True

Front

An organization’s culture, politics, and structure are irrelevant to how information systems are used.

Back

False

Front

Porter's five forces model is used to analyze a firm’s internal operations only.

Back

False

Front

The Internet has increased barriers to entry for most industries.

Back

False

Front

The value chain model views a firm as a series of activities that add value to its products or services.

Back

True

Front

Synergies occur when two firms combine and the result is more efficient than operating separately.

Back

True

Front

Information systems can be used to lock in customers and suppliers.

Back

True