Question 1

Your boss, Ty Jacob, has asked you to analyze the music industry using Porter's five forces model. Which of the following represents supplier power in the music industry?

Accepted Answer

A)  Established record labels like EMI, Sony, Universal.
B)  Walmart, Target, iTunes.
C)  Game systems like Wii, social networks like Facebook.
D)  Taylor Swift, Beyoncé, The Beatles, The Stones.E) A) and C)
F) A) and D)

Question 2

Which of the following represents the definition of a variable?

Accepted Answer

A)  A data characteristic that is collected through competitive intelligence and cannot change over time.
B)  A data characteristic that stands for a value that changes or varies over time.
C)  A data characteristic that stands for a value that does not change or vary over time.
D)  A data characteristic that is collected only through competitive intelligence and can change over time.E) B) and C)
F) A) and B)

Question 3

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for partners/suppliers?

Accepted Answer

A)  Exceptional customer service.
B)  Fair compensation.
C)  Professional associations.
D)  Reliable contracts.E) A) and B)
F) A) and C)

Question 4

Which of the following represents the types of data commonly found in the operations management department?

Accepted Answer

A)  Monetary data.
B)  Payroll data.
C)  Production data.
D)  Employee data.E) B) and D)
F) B) and C)

Question 5

In terms of system thinking, what is the resulting information from the computer program?

Accepted Answer

A)  Input.
B)  Output.
C)  Process
D)  FeedbackE) B) and C)
F) A) and D)

Question 6

Shawn McGill is on the executive board for ABC pharmaceuticals. The company produces the number one selling cancer fighting drug on the market. Due to its incredible success ABC pharmaceuticals has decided to increase the cost of the drug from $8 a pill to $15 a pill. Which force is ABC pharmaceutical using to increase its drug price?

Accepted Answer

A)  Supplier power.
B)  Buyer power.
C)  Threat of false entrants.
D)  Business power.E) A) and B)
F) B) and C)

Question 7

Which of the following does not describe structured data?

Accepted Answer

A)  A defined length.
B)  Emails, twitter tweets, and text messages are examples of structured data.
C)  Is typically stored in a relational database or spreadsheet.
D)  A defined format.E) B) and D)
F) B) and C)

Question 8

What are goods?

Accepted Answer

A)  Material items or products that customers will buy to satisfy a want or need.
B)  Tasks performed by people that customers will buy to satisfy a want or need.
C)  The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.
D)  The rate at which goods and services are produced based upon total output given total inputs.E) A) and C)
F) None of the above

Question 9

A business strategy achieves a specific set of goals which include ________.

Accepted Answer

A)  Developing new products or services, attracting new competition.
B)  Increasing costs, attracting new competition.
C)  Attracting new customers, developing new products or services.
D)  All of the above.E) B) and C)
F) None of the above

Question 10

Which data types are typically found in the human resources department?

Accepted Answer

A)  Promotion data, sales data, advertising data.
B)  Employee data, promotion data, vacation data.
C)  Investment data, monetary data, reporting data.
D)  Transactional data, purchasing data, payroll data, tax data.E) All of the above
F) A) and B)

Question 11

Which group of stakeholder's primary interests include maximizing profits, growing market share, and high return on investment?

Accepted Answer

A)  Partners/Suppliers
B)  Shareholders/Investors
C)  Community
D)  GovernmentE) A) and B)
F) None of the above

Question 12

Which of the following includes the roles and responsibilities of the CIO?

Accepted Answer

A)  Ensuring the speed, accuracy, availability, and reliability of the MIS.
B)  Ensuring the ethical and legal use of information within a company.
C)  Ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses.
D)  Ensuring that MIS strategically aligns with business goals and objectives.E) All of the above
F) A) and D)

Question 13

For an organization to succeed, every department or functional area must work independently to be most effective.

Accepted Answer

A) True 
 B)False

Question 14

According to Porter it is recommended to adopt only one of the three generic strategies.

Accepted Answer

A) True 
 B)False

Question 15

A system is a collection of parts that link to achieve a common purpose. Systems thinking is a way of monitoring ________.

Accepted Answer

A)  The entire system.
B)  A division within the sales role.
C)  The executive team.
D)  The company's competitors.E) A) and D)
F) None of the above

Question 16

The chief knowledge officer is responsible for collecting, maintaining, and distributing company knowledge.

Accepted Answer

A) True 
 B)False

Question 17

If you were thinking about an oven as a system which of the following represents the process?

Accepted Answer

A)  The uncooked food.
B)  The cooked food.
C)  A light indicating that the oven has reached the preheated temperature.
D)  The oven running at 350 degrees for 20 minutes.E) A) and D)
F) B) and C)

Question 18

The department within a company that supports the sales by planning, pricing, and promoting goods or services is called ________.

Accepted Answer

A)  Sales.
B)  Operations Management.
C)  Accounting.
D)  Marketing.E) B) and C)
F) A) and B)

Question 19

Define the 6 primary MIS-related strategic positions in an organization along with their associated responsibilities.

Accepted Answer

The chief information officer (CIO)is re...

Question 20

Imagine you are creating a new product to sell in an up-and-coming market. Which of the below statements indicates that it would be easy for you as the new entrants to compete in this market?

Accepted Answer

A)  The threat of new entrants' force is high in the up-and-coming market.
B)  The threat of new entrants' force is low in the up-and-coming market.
C)  The threat of new entrants' force is impossible to define in the up-and-coming market.
D)  All of the above depending on the time of year.E) B) and D)
F) A) and D)

Exam 1: Management Information Systems: Business Driven MIS

Which of the following represents the types of data commonly found in the operations management department?

Correct Answer
verified

If you were thinking about an oven as a system which of the following represents the process?

Correct Answer
verified

The chief knowledge officer is responsible for collecting, maintaining, and distributing company knowledge.

Correct Answer
verified

Which of the following does not describe structured data?

Correct Answer
verified

In terms of system thinking, what is the resulting information from the computer program?

Correct Answer
verified

For an organization to succeed, every department or functional area must work independently to be most effective.

Correct Answer
verified

Which group of stakeholder's primary interests include maximizing profits, growing market share, and high return on investment?

Correct Answer
verified

Imagine you are creating a new product to sell in an up-and-coming market. Which of the below statements indicates that it would be easy for you as the new entrants to compete in this market?

Correct Answer
verified

A system is a collection of parts that link to achieve a common purpose. Systems thinking is a way of monitoring ________.

Correct Answer
verified

Which of the following represents the definition of a variable?

Correct Answer
verified

The department within a company that supports the sales by planning, pricing, and promoting goods or services is called ________.

Correct Answer
verified

Define the 6 primary MIS-related strategic positions in an organization along with their associated responsibilities.

Correct Answer
verified
The chief information officer (CIO)is re...
View Answer

Correct Answer
verified

Your boss, Ty Jacob, has asked you to analyze the music industry using Porter's five forces model. Which of the following represents supplier power in the music industry?

Correct Answer
verified

Which data types are typically found in the human resources department?

Correct Answer
verified

A business strategy achieves a specific set of goals which include ________.

Correct Answer
verified

Which of the following includes the roles and responsibilities of the CIO?

Correct Answer
verified

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for partners/suppliers?

Correct Answer
verified

What are goods?

Correct Answer
verified

According to Porter it is recommended to adopt only one of the three generic strategies.

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

Which of the following represents the types of data commonly found in the operations management department?

Correct AnswerverifiedShow Answer

If you were thinking about an oven as a system which of the following represents the process?

Correct AnswerverifiedShow Answer

The chief knowledge officer is responsible for collecting, maintaining, and distributing company knowledge.

Correct AnswerverifiedShow Answer

Which of the following does not describe structured data?

Correct AnswerverifiedShow Answer

In terms of system thinking, what is the resulting information from the computer program?

Correct AnswerverifiedShow Answer

For an organization to succeed, every department or functional area must work independently to be most effective.

Correct AnswerverifiedShow Answer

Which group of stakeholder's primary interests include maximizing profits, growing market share, and high return on investment?

Correct AnswerverifiedShow Answer

Imagine you are creating a new product to sell in an up-and-coming market. Which of the below statements indicates that it would be easy for you as the new entrants to compete in this market?

Correct AnswerverifiedShow Answer

A system is a collection of parts that link to achieve a common purpose. Systems thinking is a way of monitoring ________.

Correct AnswerverifiedShow Answer

Which of the following represents the definition of a variable?

Correct AnswerverifiedShow Answer

The department within a company that supports the sales by planning, pricing, and promoting goods or services is called ________.

Correct AnswerverifiedShow Answer

Define the 6 primary MIS-related strategic positions in an organization along with their associated responsibilities.

Correct AnswerverifiedThe chief information officer (CIO)is re...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Your boss, Ty Jacob, has asked you to analyze the music industry using Porter's five forces model. Which of the following represents supplier power in the music industry?

Correct AnswerverifiedShow Answer

Which data types are typically found in the human resources department?

Correct AnswerverifiedShow Answer

A business strategy achieves a specific set of goals which include ________.

Correct AnswerverifiedShow Answer

Which of the following includes the roles and responsibilities of the CIO?

Correct AnswerverifiedShow Answer

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for partners/suppliers?

Correct AnswerverifiedShow Answer

What are goods?

Correct AnswerverifiedShow Answer

According to Porter it is recommended to adopt only one of the three generic strategies.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The chief information officer (CIO)is re...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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