Question 1

Porter has identified three generic business strategies including focused, broad cost leadership, and switching strategy.

Accepted Answer

A) True 
 B)False

Question 2

What helps harness the wealth of knowledge in the organization?

Accepted Answer

A)  Knowledge assets.
B)  Knowledge facilitators.
C)  Predictive analytics.
D)  Business analytics.E) C) and D)
F) A) and B)

Question 3

Describe Porter's Five Forces Model and explain each of the five forces.

Accepted Answer

Porter's Five Forces Model analyzes the ...

Question 4

According to Porter companies that wish to dominate broad markets should operate using a ________ strategy.

Accepted Answer

A)  Cost leadership with a low cost
B)  Differentiation with a low cost
C)  Cost leadership with a high cost
D)  All of the aboveE) A) and B)
F) B) and C)

Question 5

Which group of stakeholder's primary interests include professional associations, ethical recycling, and increasing employment?

Accepted Answer

A)  Employees
B)  Shareholders/Investors
C)  Community
D)  CustomersE) A) and B)
F) A) and C)

Question 6

What are the three primary areas of analytics?

Accepted Answer

A)  Descriptive analytics, predictive analytics, and prescriptive analytics.
B)  Descriptive analytics, primary analytics, response analytics.
C)  Descriptive analytics, future analytics, past analytics.
D)  Technique analytics, future analytics, past analytics.E) None of the above
F) A) and B)

Question 7

What is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention?

Accepted Answer

A)  Internet of Things
B)  Predictive Analytics
C)  Machine to Machine
D)  Flat WorldE) All of the above
F) A) and B)

Question 8

What is a SWOT analysis?

Accepted Answer

A)  Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
B)  Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
C)  Views a firm as a series of business processes, each of which adds value to the product or service.
D)  Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service.E) A) and B)
F) B) and C)

Question 9

Which department records, measures, and reports monetary transactions?

Accepted Answer

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

Question 10

When evaluating the value chain, which of the following is included in the support value activities?

Accepted Answer

A)  Inbound activities.
B)  Marketing and sales.
C)  Firm infrastructure.
D)  Finance and sales.E) B) and D)
F) C) and D)

Question 11

Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge.

Accepted Answer

A) True 
 B)False

Question 12

What are the two main categories in a value chain analysis?

Accepted Answer

A)  Primary value activities & secondary value activities.
B)  Primary value activities & support value activities.
C)  Primary value activities & strengthening value activities.
D)  None of the above.E) None of the above
F) C) and D)

Question 13

What evaluates industry attractiveness?

Accepted Answer

A)  SWOT Analysis
B)  The Five Forces Model
C)  Value Chain Analysis
D)  Three Generic StrategiesE) B) and C)
F) None of the above

Question 14

Cars, groceries, and clothing are all examples of goods.

Accepted Answer

A) True 
 B)False

Question 15

Who is responsible for ensuring the speed, accuracy, availability, and reliability of the management information systems?

Accepted Answer

A)  Chief Knowledge Officer (CKO) .
B)  Chief Privacy Officer (CPO) .
C)  Chief Technology Officer (CTO) .
D)  Chief Information Officer (CIO) .E) A) and B)
F) A) and C)

Question 16

The chief data office (CDO)is responsible for ensuring the throughput, speed, accuracy, availability, and reliability of an organization's information technology.

Accepted Answer

A) True 
 B)False

Question 17

If you were thinking about a washing machine as a system which of the following represents the inputs?

Accepted Answer

A)  The dirty clothes, water, and detergent.
B)  The clean clothes.
C)  The wash and rinse cycle.
D)  The light indicating that the washer is off balance and has stopped.E) All of the above
F) C) and D)

Question 18

The business decisions made by the marketing department include transactional data, purchasing data, payroll data and tax data.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is a tool a manager can use to analyze competitive intelligence and identify competitive advantages?

Accepted Answer

A)  The three generic strategies.
B)  The threat of substitute buyer power.
C)  Differentiated costs.
D)  Supplier loyalty.E) A) and B)
F) None of the above

Question 20

Which strategy below helps an organization choose its business focus?

Accepted Answer

A)  SWOT Analysis
B)  The Five Forces Model
C)  Value Chain Analysis
D)  Three Generic StrategiesE) A) and D)
F) A) and C)

Exam 1: Management Information Systems: Business Driven MIS

Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge.

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Describe Porter's Five Forces Model and explain each of the five forces.

Correct AnswerverifiedPorter's Five Forces Model analyzes the ...View AnswerShow Answer

What are the three primary areas of analytics?

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What is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention?

Correct AnswerverifiedShow Answer

What is a SWOT analysis?

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Cars, groceries, and clothing are all examples of goods.

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Who is responsible for ensuring the speed, accuracy, availability, and reliability of the management information systems?

Correct AnswerverifiedShow Answer

The business decisions made by the marketing department include transactional data, purchasing data, payroll data and tax data.

Correct AnswerverifiedShow Answer

If you were thinking about a washing machine as a system which of the following represents the inputs?

Correct AnswerverifiedShow Answer

Porter has identified three generic business strategies including focused, broad cost leadership, and switching strategy.

Correct AnswerverifiedShow Answer

Which group of stakeholder's primary interests include professional associations, ethical recycling, and increasing employment?

Correct AnswerverifiedShow Answer

What helps harness the wealth of knowledge in the organization?

Correct AnswerverifiedShow Answer

The chief data office (CDO)is responsible for ensuring the throughput, speed, accuracy, availability, and reliability of an organization's information technology.

Correct AnswerverifiedShow Answer

Which strategy below helps an organization choose its business focus?

Correct AnswerverifiedShow Answer

What are the two main categories in a value chain analysis?

Correct AnswerverifiedShow Answer

Which of the following is a tool a manager can use to analyze competitive intelligence and identify competitive advantages?

Correct AnswerverifiedShow Answer

When evaluating the value chain, which of the following is included in the support value activities?

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Which department records, measures, and reports monetary transactions?

Correct AnswerverifiedShow Answer

What evaluates industry attractiveness?

Correct AnswerverifiedShow Answer

According to Porter companies that wish to dominate broad markets should operate using a ________ strategy.

Correct AnswerverifiedShow Answer

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Porter's Five Forces Model analyzes the ...
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