Question 1

Explain the four basic dimensions of information.

Accepted Answer

The four basic dimensions of information include relevancy, accuracy, timeliness, and completeness. Information has relevancy when it pertains to the problem at hand. The degree of accuracy depends on the level of accuracy needed. Applications involving money require 100% accuracy, but long- range economic forecasts do not need to be 100% accurate. For information to be timely, it must be available for solving a problem before a crisis develops or before opportunities are lost. The user should be able to obtain information that presents a complete picture of a problem or solution, but should not be drowned in a sea of information.

Question 2

Firms create value by performing what Porter calls___________ .

Accepted Answer

value activities

Question 3

The feedback loop is composed of the physical resources.

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following is not one of the four basic dimensions of information?

Accepted Answer

A) efficiency 
B) accuracy 
C) relevancy 
D) timeliness 
A) efficiency 
B) accuracy 
C) relevancy 
D) timeliness

Question 5

Which of the following is concerned with obtaining such resources as materials and machines, which are used by primary activities?

Accepted Answer

A) service activities 
B) operations 
C) procurement 
D) marketing and sales operations 
A) service activities 
B) operations 
C) procurement 
D) marketing and sales operations

Question 6

When information presents a complete picture of a problem, which dimension of information is in use?

Accepted Answer

A) relevancy 
B) completeness 
C) timeliness 
D) accuracy 
A) relevancy 
B) completeness 
C) timeliness 
D) accuracy

Question 7

Management is guided in its decision making by the firm's physical resource flow.

Accepted Answer

A) True 
 B)False

Question 8

The leading proponent of competitive advantage is___________ .

Accepted Answer

The answer of The leading proponent of competitive advantage is___________...

Question 9

What are the two core topics that should be included in every strategic plan for information resources?

Accepted Answer

The two core topics that should be inclu

Question 10

A tactical advantage is one that has a fundamental effect in shaping the firm's operations.

Accepted Answer

A) True 
 B)False

Question 11

Firms create value by performing value activities.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not an advantage of coordination for the MNC?

Accepted Answer

A) increased operating costs 
B) keeping abreast of market needs worldwide 
C) flexibility 
D) increased efficiency and effectiveness 
A) increased operating costs 
B) keeping abreast of market needs worldwide 
C) flexibility 
D) increased efficiency and effectiveness

Question 13

What is the only resource that connects the firm with all of the environmental elements?

Accepted Answer

A) information 
B) machines 
C) money 
D) material 
A) information 
B) machines 
C) money 
D) material

Question 14

Which dimension of competitive advantage uses cookies to store information about a user's transactions?

Accepted Answer

A) middle 
B) tactical 
C) operational 
D) strategic 
A) middle 
B) tactical 
C) operational 
D) strategic

Question 15

Competitive advantage refers to the use of data to gain leverage over the competitors.

Accepted Answer

A) True 
 B)False

Question 16

M___________ is the value of the firm's products and services minus their costs, as perceived by the firm's customers.

Accepted Answer

The answer of M___________ is the value of the firm's...

Question 17

When a firm links its value chain to the value chains of other organizations the linkage creates a(n):

Accepted Answer

A) open- loop system. 
B) cross functional system. 
C) interorganizational system. 
D) value system. 
A) open- loop system. 
B) cross functional system. 
C) interorganizational system. 
D) value system.

Question 18

What advice should a CIO take so he/she can position information services as a vital element to the firm?

Accepted Answer

Spend time with the business so he/she c

Question 19

___________supply the materials, machines, services, people, and information that the firm uses to produce its products or services.

Accepted Answer

The answer of ___________supply the materials, machines, services, people, and...

Question 20

A strategic advantage is one that has a fundamental effect in shaping the firm's products.

Accepted Answer

A) True 
 B)False

Exam 2: Information Systems for Competitive Advantage

Explain the four basic dimensions of information.

Firms create value by performing what Porter calls___________ .

The feedback loop is composed of the physical resources.

Which of the following is not one of the four basic dimensions of information?

Which of the following is concerned with obtaining such resources as materials and machines, which are used by primary activities?

When information presents a complete picture of a problem, which dimension of information is in use?

Management is guided in its decision making by the firm's physical resource flow.

The leading proponent of competitive advantage is___________ .

What are the two core topics that should be included in every strategic plan for information resources?

A tactical advantage is one that has a fundamental effect in shaping the firm's operations.

Firms create value by performing value activities.

Which of the following is not an advantage of coordination for the MNC?

What is the only resource that connects the firm with all of the environmental elements?

Which dimension of competitive advantage uses cookies to store information about a user's transactions?

Competitive advantage refers to the use of data to gain leverage over the competitors.

M___________ is the value of the firm's products and services minus their costs, as perceived by the firm's customers.

When a firm links its value chain to the value chains of other organizations the linkage creates a(n):

What advice should a CIO take so he/she can position information services as a vital element to the firm?

___________supply the materials, machines, services, people, and information that the firm uses to produce its products or services.

A strategic advantage is one that has a fundamental effect in shaping the firm's products.

Introduction to Information Systems

Using Information Technology to Engage in Electronic Commerce

System Users and Developers

Computing and Communications Resources

Database Management Systems

Systems Development

Information in Action

Information Security

Ethical Implications of Information Technology

Decision Support Systems

Everyday Technology Skills

Web/HTML Project Using Microsoft FrontPage

Web/HTML Project Using Notepad

Web/HTML Student Survey

Web/HTML Book Purchase

Spreadsheet Basics

Spreadsheets with Data Capture - Vacation Choice

Spreadsheets with Data Capture - Movie Ticket Purchase

Database Forms and Reports

Database Queries - Customer Database

Database Queries - Inventory Database

Reports Based on Queries

Filters