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Exam 1: Management Information Systems: Business Driven MIS

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Question 21

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Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

A) True
B) False

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Question 22

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Jennifer Bloom is writing a paper and she must determine which of Porter's three generic strategies The Museum Company has implemented.Jennifer finds out that The Museum Company offers specialty products found only in museums around the world to affluent customers.What would Jennifer determine The Museum Company is using as its generic strategy?

A) Broad market,low cost.
B) Narrow market,high cost.
C) Broad market,high cost.
D) Narrow market,low cost.

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

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Question 23

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The threat of substitute products or services refers to the power of competitors to enter a new market.

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

Identify the different departments in a company and why they must work together to achieve success.

According to Porter it is recommended to adopt only one of the three generic strategies.

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's Five Forces model.Which of the following represents buyer power in the music industry?

What is the name of a company's internal MIS department?

A __________ chain analysis views a firm as a series of business processes that each adds value to the product or service.

Shawn McGill is on the executive board for ABC pharmaceuticals.The company produces the number one selling cancer fighting drug on the market.Due to its incredible success ABC pharmaceuticals has decided to increase the cost of the drug from $8 a pill to $15 a pill.Which force is ABC pharmaceutical using to increase its drug price?

Knowledge workers are individuals valued for their ability to manage teams and implement critical human resource rules and regulations.

Which of the following offers an example where Porter's Five Forces are mostly strong and competition is high?

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

The chief knowledge officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

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

What is information collected from multiple sources such as suppliers,customers,competitors,partners,and industries that analyzes patterns,trends,and relationships for strategic decision making?

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Feedback is information that returns to its original transmitter and modifies the transmitter's actions.What would the original transmitter include?

The finance department performs the function of selling goods or services.

Who is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives?