Good mission statements are essential to being a success in business. Describe the major characteristics that good mission statements should have
What will be an ideal response?
Major characteristics of mission statements include the following:
? focus on a limited number of goals
? stress on the company's major policies and values
? definition of the major competitive spheres within which the company will operate (e.g., industry, products and applications, competence, market segment, vertical, and geographical)
? a long-term view
? should be as short, memorable, and meaningful as possible
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Explain why standards are so important in information technology. What standards have been important for the growth of Internet technologies?
What will be an ideal response?
A data mart usually can be constructed more rapidly and at lower cost than a data warehouse because:
A) it typically focuses on a single subject area or line of business. B) all the information is historical. C) it uses a web interface. D) all of the information belongs to a single company. E) it is open-source.