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Exam 1: Management Information Systems: Business Driven MIS

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Question 31

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Which four elements are included in systems thinking?

A) Output, process, feedback, and accounting.
B) Process, output, operations, and accounting.
C) Input, process, output, and feedback.
D) Input, output, sales, and feedback.

E) C) and D)
F) B) and C)

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Question 32

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A ____________ is the confirmation or validation of an event or object.

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Question 33

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Porter has identified three _________ business strategies for entering a new market: (1) broad cost leadership, (2) broad differentiation, and (3) focused strategy.

The department within a company that records, measures, and reports monetary transactions is called _______________.

Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's Five Forces Model.Which of the following represents buyer power in the soft-drink industry?

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

With the Five Forces Model, companies should watch the forces in the market.If the forces are strong, competition generally increases, and if the forces are weak, competition typically decreases.

Rivalry among existing competitors is __________ when competition is fierce in a market and low when competitors are more complacent.

Information technology can enable departments to more efficiently and effectively perform their core _____________.

Successful companies today operate cross-functionally, integrating the operations of all departments.

A standardized set of activities that accomplish a specific task is called a supply chain component.

Cheryl Steffan is the operations manager for Nature's Bread Company, which specializes in providing natural products for health-conscious individuals.Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of a piece of data Cheryl would be using to successfully perform her job?

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

Which of the following represents a company in a supply chain?

If you were thinking about a home theater system, which of the following represents the feedback?

Focused strategies concentrate on either cost leadership or ___________.

The __________ management department in a company manages the process of converting or transforming of resources into goods or services.

Which of the following provides an example of information?

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 easy for you as the new entrants to compete in this market?

Porter's Five Forces Model outlines the process for a sales strategy.