Question 1

A business strategy achieves a specific set of goals, including__________.

Accepted Answer

A)  developing new products or services, and attracting new competition
B)  increasing costs, and attracting new competition
C)  attracting new customers, and developing new products or services
D)  All of these are correct.E) B) and C)
F) A) and D)

Question 2

The chief technology officer is responsible for ensuring the speed, accuracy, availability, and reliability for MIS.

Accepted Answer

A) True 
 B)False

Question 3

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 timeE) C) and D)
F) A) and D)

Question 4

Imagine you are creating a new product to sell in an up-and-coming market.Which of the following statements indicates that it would be difficult for you to enter this new 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 high during the summer months in the up-and-coming market.
D)  All of these are correct, depending on the time of year.E) A) and B)
F) A) and C)

Question 5

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

Accepted Answer

A)  promotional data
B)  payroll data
C)  tax data
D)  employee dataE) None of the above
F) B) and C)

Question 6

Which of the following evaluates a project's position?

Accepted Answer

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

Question 7

Which of the following is not a technology company but used technology to revamp the business process of renting videos?

Accepted Answer

A)  Netflix
B)  Dell
C)  Zappos
D)  AmazonE) A) and B)
F) A) and D)

Question 8

MIS is a tool that is most valuable when it leverages the talents of people who know how to use and manage it effectively.

Accepted Answer

A) True 
 B)False

Question 9

Which activities belong in the human resources department?

Accepted Answer

A)  records, measures, and reports monetary transactions
B)  tracks strategic financial issues, including money, banking, credit, investments, and assets
C)  supports sales by planning, pricing, and promoting goods or services is marketing
D)  maintains policies, plans, and procedures for the effective management of employeesE) A) and D)
F) A) and B)

Question 10

How does the text recommend that a company operate if it wants to be successful in the information age?

Accepted Answer

A)  functionally independent between departments
B)  interdependently between departments
C)  together as one department with little or no independence
D)  each department acting as its own individual business unitE) B) and D)
F) None of the above

Question 11

In a SWOT analysis, potential internal strengths are helpful when they identify all key strengths associated with the competitive advantage including cost advantages, new and/or innovative services, special expertise and/or experience, proven market leader, improved marketing campaigns, and so on.

Accepted Answer

A) True 
 B)False

Question 12

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 loyaltyE) A) and B)
F) None of the above

Question 13

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

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 minutesE) A) and B)
F) B) and C)

Question 14

Which of the following is not considered a core driver of the information age?

Accepted Answer

A)  information
B)  business Intelligence
C)  knowledge
D)  variablesE) A) and B)
F) C) and D)

Question 15

What evaluates industry attractiveness?

Accepted Answer

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

Question 16

Which of the following statements is correct when considering a SWOT analysis?

Accepted Answer

A)  strengths and weaknesses originate outside an organization.
B)  opportunities and threats originate outside an organization.
C)  strengths and threats originate inside an organization.
D)  opportunities and weaknesses originate outside an organization.E) B) and C)
F) A) and B)

Question 17

A __________ advantage features a product or service on which customers place a greater value than they do on similar offerings from competitors.

Accepted Answer

A)  competitive
B)  competitor
C)  power
D)  first moverE) A) and B)
F) A) and C)

Question 18

Your boss has asked you to analyze the soft drink industry using Porter's five forces model.Which of the following represents a substitute product in the soft drink industry?

Accepted Answer

A)  Pepsi requires stores that carry Pepsi products to commit to minimum orders of 1,000 cases.
B)  Walmart negotiates a lower cost per bottle from Coke in exchange for premium shelf space in every Walmart store.
C)  Zevia Natural Diet Soda begins selling directly over the Internet.
D)  vitamin water, fruit juice, coffeeE) B) and C)
F) A) and B)

Question 19

Where would you categorize threats in a SWOT analysis?

Accepted Answer

A)  internal, helpful
B)  internal, harmful
C)  external, helpful
D)  external, harmfulE) All of the above
F) None of the above

Question 20

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a cost leadership strategy?

Accepted Answer

A)  Southwest, Horizon, Frontier, JetBlue
B)  British Airways, Singapore Airlines, Virgin Atlantic
C)  Sky Taxi - a rent by the hour personal plane service
D)  All of these are correct.E) A) and B)
F) A) and D)

Exam 1: Management Information Systems: Business Driven MIS

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

Correct AnswerverifiedShow Answer

Imagine you are creating a new product to sell in an up-and-coming market.Which of the following statements indicates that it would be difficult for you to enter this new market?

Correct AnswerverifiedShow Answer

How does the text recommend that a company operate if it wants to be successful in the information age?

Correct AnswerverifiedShow Answer

The chief technology officer is responsible for ensuring the speed, accuracy, availability, and reliability for MIS.

Correct AnswerverifiedShow Answer

What evaluates industry attractiveness?

Correct AnswerverifiedShow Answer

Which of the following is not a technology company but used technology to revamp the business process of renting videos?

Correct AnswerverifiedShow Answer

A business strategy achieves a specific set of goals, including__________.

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

Which of the following represents the definition of a variable?

Correct AnswerverifiedShow Answer

MIS is a tool that is most valuable when it leverages the talents of people who know how to use and manage it effectively.

Correct AnswerverifiedShow Answer

Which activities belong in the human resources department?

Correct AnswerverifiedShow Answer

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a cost leadership strategy?

Correct AnswerverifiedShow Answer

Which of the following evaluates a project's position?

Correct AnswerverifiedShow Answer

Where would you categorize threats in a SWOT analysis?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not considered a core driver of the information age?

Correct AnswerverifiedShow Answer

Which of the following statements is correct when considering a SWOT analysis?

Correct AnswerverifiedShow Answer

Your boss has asked you to analyze the soft drink industry using Porter's five forces model.Which of the following represents a substitute product in the soft drink industry?

Correct AnswerverifiedShow Answer

A __________ advantage features a product or service on which customers place a greater value than they do on similar offerings from competitors.

Correct AnswerverifiedShow Answer

In a SWOT analysis, potential internal strengths are helpful when they identify all key strengths associated with the competitive advantage including cost advantages, new and/or innovative services, special expertise and/or experience, proven market leader, improved marketing campaigns, and so on.

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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified