Question 1

Which of the following demonstrates a company that has implemented a low cost,broad market strategy?

Accepted Answer

A)   Neiman Marcus
B)   Payless Shoes
C)   The Sharper Image
D)   WalmartE) A) and B)
F) None of the above

Question 2

What is knowledge?

Accepted Answer

A)   Raw facts that describe the characteristics of an event or object
B)   Data converted into a meaningful and useful context
C)   Information collected from multiple sources that analyzes patterns,trends,and relationships for strategic decision making
D)   Skills,experience,and expertise,coupled with information and intelligence that creates a person's intellectual resourcesE) A) and C)
F) B) and C)

Question 3

Unstructured data is data that has a defined length,type,and format and includes numbers,dates,or strings such as customer address.

Accepted Answer

A) True 
 B)False

Question 4

What are the two main categories in a value chain analysis?

Accepted Answer

A)   Primary value activities & secondary value activities
B)   Primary value activities & support value activities
C)   Primary value activities & strengthening value activities
D)   None of these choicesE) A) and B)
F) A) and C)

Question 5

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger,Safeway,and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is an example of in terms of Porter's Five Forces?

Accepted Answer

A)   Rivalry among new entrants
B)   Rivalry among existing competitors
C)   Threat of substitute products or services
D)   Buyer powerE) A) and D)
F) All of the above

Question 6

What is one of the most common ways a company can decrease supplier power?

Accepted Answer

A)   Charge lower prices
B)   Charge higher prices
C)   Use MIS to find and create alternative products
D)   Companies cannot impact supplier powerE) B) and C)
F) A) and B)

Question 7

The business decisions made by the Sales department include potential customer data,sales report data,commission data,and customer support data.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

If a business is following a focused strategy then its competitive scope is ________.

Accepted Answer

A)   broad market
B)   narrow market
C)   broad range products
D)   broad range of servicesE) None of the above
F) A) and B)

Question 10

The Internet of Things (IoT)refers to devices that connect directly to other devices.

Accepted Answer

A) True 
 B)False

Question 11

What is the rate at which goods and services are produced based upon total output given total inputs?

Accepted Answer

A)   Goods
B)   Services
C)   Production
D)   ProductivityE) None of the above
F) B) and D)

Question 12

Which group of stakeholder's primary interests include professional associations,ethical recycling,and increasing employment?

Accepted Answer

A)   Employees
B)   Shareholders/investors
C)   Community
D)   CustomersE) All of the above
F) A) and B)

Question 13

Which of the following is not a common approach to closing an MIS skills gap?

Accepted Answer

A)   Social recruiting
B)   Off-site training
C)   Competitive salary
D)   Mentoring servicesE) B) and D)
F) None of the above

Question 14

Sara McGuire holds an executive position at Henry Commerce.She is a big-picture thinker,and makes sure the technology strategy at Henry Commerce serves its business strategy.She has a well-rounded knowledge of MIS and her primary responsibilities include the efficiency of Henry Commerce's MIS systems.Based on this description,what position does Sara hold?

Accepted Answer

A)   Chief information officer (CIO) 
B)   Chief technology officer (CTO) 
C)   Chief data officer (CDO) 
D)   Chief privacy officer (CPO) E) B) and D)
F) B) and C)

Question 15

An overview of systems thinking includes input,process,output,and finances.

Accepted Answer

A) True 
 B)False

Question 16

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?

Accepted Answer

A)   Increase in productivity,decrease in profits
B)   Increase in productivity,increase in profits
C)   Decrease in productivity,decrease in profits
D)   Decrease in productivity,increase in profitsE) B) and C)
F) None of the above

Question 17

What is Porter's Five Forces Model?

Accepted Answer

A)   Evaluates an organization's strengths,weaknesses,opportunities,and threats to identify significant influences that work for or against business strategies
B)   Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
C)   Views a firm as a series of business processes,each of which adds value to the product or service
D)   Generic business strategies that are neither organization nor industry specific and can be applied to any business,product,or serviceE) B) and C)
F) A) and B)

Question 18

What is machine to machine?

Accepted Answer

A)   A world where interconnected,Internet-enabled devices or "things" can collect and share data without human intervention
B)   Extracts information from data and uses it to predict future trends and identify behavioral patterns
C)   Refers to devices that connect directly to other devices
D)   Opportunities to change the way people purchase booksE) A) and B)
F) None of the above

Question 19

If a business could produce the same hamburger with less expensive inputs it would probably see a decrease in profits.

Accepted Answer

A) True 
 B)False

Question 20

Managers use four common tools to analyze competitive intelligence and develop competitive advantages.Which of the following is not one of these tools?

Accepted Answer

A)   The Three Generic Strategies
B)   The Five Forces Model
C)   First-mover advantage
D)   SWOT analysisE) A) and B)
F) All of the above

Exam 1: Management Information Systems: Business Driven MIS

If a business is following a focused strategy then its competitive scope is ________.

Correct Answer
verified

What is the rate at which goods and services are produced based upon total output given total inputs?

Correct Answer
verified

Which group of stakeholder's primary interests include professional associations,ethical recycling,and increasing employment?

Correct Answer
verified

What is Porter's Five Forces Model?

Correct Answer
verified

What is machine to machine?

Correct Answer
verified

The Internet of Things (IoT)refers to devices that connect directly to other devices.

Correct Answer
verified

The business decisions made by the Sales department include potential customer data,sales report data,commission data,and customer support data.

Correct Answer
verified

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

Correct Answer
verified

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?

Correct Answer
verified

Managers use four common tools to analyze competitive intelligence and develop competitive advantages.Which of the following is not one of these tools?

Correct Answer
verified

Which of the following is not a common approach to closing an MIS skills gap?

Correct Answer
verified

Which of the following demonstrates a company that has implemented a low cost,broad market strategy?

Correct Answer
verified

Correct Answer
verified

An overview of systems thinking includes input,process,output,and finances.

Correct Answer
verified

What are the two main categories in a value chain analysis?

Correct Answer
verified

Unstructured data is data that has a defined length,type,and format and includes numbers,dates,or strings such as customer address.

Correct Answer
verified

What is knowledge?

Correct Answer
verified

If a business could produce the same hamburger with less expensive inputs it would probably see a decrease in profits.

Correct Answer
verified

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger,Safeway,and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is an example of in terms of Porter's Five Forces?

Correct Answer
verified

What is one of the most common ways a company can decrease supplier power?

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

If a business is following a focused strategy then its competitive scope is ________.

Correct AnswerverifiedShow Answer

What is the rate at which goods and services are produced based upon total output given total inputs?

Correct AnswerverifiedShow Answer

Which group of stakeholder's primary interests include professional associations,ethical recycling,and increasing employment?

Correct AnswerverifiedShow Answer

What is Porter's Five Forces Model?

Correct AnswerverifiedShow Answer

What is machine to machine?

Correct AnswerverifiedShow Answer

The Internet of Things (IoT)refers to devices that connect directly to other devices.

Correct AnswerverifiedShow Answer

The business decisions made by the Sales department include potential customer data,sales report data,commission data,and customer support data.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

Managers use four common tools to analyze competitive intelligence and develop competitive advantages.Which of the following is not one of these tools?

Correct AnswerverifiedShow Answer

Which of the following is not a common approach to closing an MIS skills gap?

Correct AnswerverifiedShow Answer

Which of the following demonstrates a company that has implemented a low cost,broad market strategy?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

An overview of systems thinking includes input,process,output,and finances.

Correct AnswerverifiedShow Answer

What are the two main categories in a value chain analysis?

Correct AnswerverifiedShow Answer

Unstructured data is data that has a defined length,type,and format and includes numbers,dates,or strings such as customer address.

Correct AnswerverifiedShow Answer

What is knowledge?

Correct AnswerverifiedShow Answer

If a business could produce the same hamburger with less expensive inputs it would probably see a decrease in profits.

Correct AnswerverifiedShow Answer

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger,Safeway,and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is an example of in terms of Porter's Five Forces?

Correct AnswerverifiedShow Answer

What is one of the most common ways a company can decrease supplier power?

Correct AnswerverifiedShow Answer

Correct Answer
verified

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Correct Answer
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