Experiencing MIS, 6e (Kroenke) Chapter 1 The Importance of MIS 1) The number of transistors per square inch on an integrated chip doubles every 18 months. This observation is known as ________ Law. A) Murphy's B) Moore's C) Amdahl's D) Metcalfe's Answer: B AACSB: Information Technology Difficulty: Easy Course LO: Describe the major types of computer hardware and software used by companies. Learning Obj: LO 1.1: Why is introduction to MIS the most important class in the business school? Classification: Concept 2) Which of the following statements is true of Moore's Law? A) It is based on the technological advancements in weapon manufacturing. B) It made the cost of data processing, communications, and storage essentially zero. C) It states that the total number of transistors produced in the world doubles every 18 months. D) It has resulted in obsoleting the use of transistors. Answer: B AACSB: Information Technology Difficulty: Moderate Course LO: Describe the major types of computer hardware and software used by companies. Learning Obj: LO 1.1: Why is introduction to MIS the most important class in the business school? Classification: Concept 3) Which of the following is a result of Moore's law? A) The risk of technology becoming obsolete has decreased. B) The price to performance ratio of computers has fallen dramatically. C) The outsourcing of nonroutine skills has increased drastically. D) The cost of data processing has increased considerably. Answer: B AACSB: Information Technology Difficulty: Moderate Course LO: Explain how IS can be used to gain and sustain competitive advantage. Learning Obj: LO 1.1: Why is introduct