E-commerce is a multi-firm process of buying and selling goods ...

[Bob-Dole]

E-commerce is a multi-firm process of buying and selling goods and services using Internet technologies.
 
  Indicate whether the statement is true or false

Question 2

How is the five-component framework used to estimate the scope of new information systems?
 
  What will be an ideal response?

[johnharpe]

Answer to Question 1

TRUE

Answer to Question 2

The five-component framework can also be used when assessing the scope of new systems. For example, when a vendor pitches the need for a new technology, the five components are used to assess how big of an investment that new technology represents. What new hardware will the user need? What programs will the user need to license? What databases and other data must the user create? What procedures will need to be developed for both the use and administration of the information system? And, finally, what will be the impact of the new technology on people? Which jobs will change? Who will need training? How will the new technology affect morale? Will the user need to hire new people? Will the user need to reorganize? The five-component model helps the user think more completely about the impact of new technology.