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Exam 1: Management Information Systems: Business Driven MIS

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Question 1

Multiple Choice

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

A) Information.
B) Business Intelligence.
C) Competitive Intelligence.
D) Data.

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

Correct Answer

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C

Question 2

Multiple Choice

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What is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services?

A) Goods
B) Services
C) Production
D) Productivity

E) All of the above
F) A) and D)

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Question 3

True/False

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

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

____________ is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Waiting tables,teaching,and cutting hair are all examples of services that people pay for to fulfill their needs.

Assume you are in the business of producing and selling t-shirts.If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

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

The threat of substitute products or services is _____ when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

Using data and information to make decisions and solve problems is the key to finding success in business.These are also the core drivers of the information age and the building blocks of business systems.

The threat of substitute products or services refers to the power of customers to purchase alternatives.

Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

Which of the following is not considered a category within the support value activities in a value chain analysis?

The banking industry has implemented several competitive advantages including ATM's,online bill pay services,and electronic statements.Of course,these competitive advantages were quickly duplicated by any competitor that wanted to remain in the banking industry.These were all examples of ___________ competitive advantages.

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 knowledge that Cheryl would be using to successfully perform her job?

Which of the below is similar to focused strategy versus broad strategy?

__________ power measures the ability of buyers to affect the price they must pay for an item.

Firm infrastructure and human resource management are part of the support value activities.

What are goods?

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