Question 1

When evaluating the value chain,all of the following are included in the primary value activities except:

Accepted Answer

A)  Inbound activities.
B)  Operations.
C)  Service.
D)  MIS development.E) All of the above
F) B) and C)

Question 2

The Chief __________ Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

Accepted Answer

The answer of The Chief __________ Officer is responsible for...

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 time.E) B) and D)
F) B) and C)

Question 4

Business strategies that match _______ company competencies to opportunities result in a competitive advantage.

Accepted Answer

The answer of Business strategies that match _______ company competencies...

Question 5

Greg works for Geneva Steel Corporation.Greg's duties include managing the overall processes for the company and transforming the steel resources into goods.Which department would Greg most likely work in?

Accepted Answer

A)  Accounting.
B)  Operations.
C)  Marketing.
D)  CIO.E) A) and B)
F) None of the above

Question 6

Which of the following analyzes a company's business processes and is useful for determining how to create the greatest possible value for customers?

Accepted Answer

A)  Product analysis.
B)  Primary supplier power.
C)  Value chain analysis.
D)  Buyer chain analysis.E) A) and B)
F) B) and C)

Question 7

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.

Accepted Answer

A) True 
 B)False

Question 8

The sales department needs to rely on information from operations to understand _________.

Accepted Answer

A)  Inventory.
B)  Customer orders.
C)  Demand forecasts.
D)  All of the above.E) A) and B)
F) B) and D)

Question 9

What are services?

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 inputsE) None of the above
F) A) and D)

Question 10

Which four elements are included in systems thinking?

Accepted Answer

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) All of the above
F) B) and C)

Question 11

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

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

Question 12

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

Accepted Answer

The answer of Rivalry among existing competitors is __________ when...

Question 13

Today's workers are commonly referred to as _____________ workers who use business intelligence along with personal experience to make decisions.

Accepted Answer

The answer of Today's workers are commonly referred to as...

Question 14

___________ is not a technology company but it used technology to revamp the shoe business.

Accepted Answer

The answer of ___________ is not a technology company but...

Question 15

Competitive __________ is the process of gathering information about the competitive environment,including competitors' plans,activities,and products,to improve a company's ability to succeed.

Accepted Answer

The answer of Competitive __________ is the process of gathering...

Question 16

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

Accepted Answer

A)  The DVD player,DVD movie,speakers,TV,and electricity.
B)  Playing the movie including the audio through the speakers and the video on the TV.
C)  A message stating that the disk is dirty and cannot be played.
D)  Spinning the disk to play,pause,rewind,or fast forwarD.E) A) and D)
F) C) and D)

Question 17

Identifying competitive advantages can be difficult and explains why they are typically _______.

Accepted Answer

A)  Temporary.
B)  Satisfactory.
C)  Terminated.
D)  Unsuccessful.E) A) and B)
F) A) and C)

Question 18

Companies update business strategies continuously as internal and external environments change.

Accepted Answer

A) True 
 B)False

Question 19

When buyer power is low,supplier power is typically ______.

Accepted Answer

A)  Identical.
B)  High.
C)  Low.
D)  Unstable.E) None of the above
F) B) and C)

Question 20

What is data converted into a meaningful and useful context called?

Accepted Answer

A)  Competitive intelligence.
B)  Information.
C)  Buyer power.
D)  First-mover advantage.E) All of the above
F) B) and D)

Exam 1: Management Information Systems: Business Driven MIS

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

Correct AnswerverifiedShow Answer

When evaluating the value chain,all of the following are included in the primary value activities except:

Correct AnswerverifiedShow Answer

Companies update business strategies continuously as internal and external environments change.

Correct AnswerverifiedShow Answer

Competitive __________ is the process of gathering information about the competitive environment,including competitors' plans,activities,and products,to improve a company's ability to succeed.

Correct AnswerverifiedShow Answer

___________ is not a technology company but it used technology to revamp the shoe business.

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Which of the following analyzes a company's business processes and is useful for determining how to create the greatest possible value for customers?

Correct AnswerverifiedShow Answer

What are services?

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Identifying competitive advantages can be difficult and explains why they are typically _______.

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Greg works for Geneva Steel Corporation.Greg's duties include managing the overall processes for the company and transforming the steel resources into goods.Which department would Greg most likely work in?

Correct AnswerverifiedShow Answer

The sales department needs to rely on information from operations to understand _________.

Correct AnswerverifiedShow Answer

The Chief __________ Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Which of the following represents the definition of a variable?

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When buyer power is low,supplier power is typically ______.

Correct AnswerverifiedShow Answer

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

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Today's workers are commonly referred to as _____________ workers who use business intelligence along with personal experience to make decisions.

Correct AnswerverifiedShow Answer

Which four elements are included in systems thinking?

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What is data converted into a meaningful and useful context called?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Business strategies that match _______ company competencies to opportunities result in a competitive advantage.

Correct AnswerverifiedShow Answer

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