Question 1

Briefly describe Porter's five forces model.

Accepted Answer

Porter developed the five forces model a

Question 2

The difference between the total value added and the total costs incurred is called the ________ of the value chain.

Accepted Answer

A)  revenue 
B)  break-even point 
C)  total margin 
D)  total premium 
A)  revenue 
B)  break-even point 
C)  total margin 
D)  total premium

Question 3

Moore's Law states that the speed of a computer doubles every 18 months.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following has the highest threat of substitution?

Accepted Answer

A)  Apple iPod 
B)  a Chanel No. 5 perfume 
C)  a Rolls-Royce Phantom 
D)  Tide detergent powder 
A)  Apple iPod 
B)  a Chanel No. 5 perfume 
C)  a Rolls-Royce Phantom 
D)  Tide detergent powder

Question 5

What are the primary activities in the value chain?

Accepted Answer

1.Inbound logistics -Receiving, storing,

Question 6

A process may use multiple information systems and an information system may touch many different processes.

Accepted Answer

A) True 
 B)False

Question 7

Apple Mac computers and Mercedes-Benz automobiles are examples of the successful use of which of Porter's four competitive strategies?

Accepted Answer

A)  industry-wide cost leadership 
B)  industry-wide differentiation 
C)  focused cost leadership 
D)  focused differentiation 
A)  industry-wide cost leadership 
B)  industry-wide differentiation 
C)  focused cost leadership 
D)  focused differentiation

Question 8

How does MIS help organizations achieve their strategies?

Accepted Answer

MIS exists to help people who work in a

Question 9

Porter's five forces model is also referred to as the value chain model.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following appropriately justifies a company's decision to develop an information system?

Accepted Answer

A)  to project a modern and progressive image 
B)  to achieve organizational strategy 
C)  for the sake of exploring technology and being innovative 
D)  to avoid falling behind the technology curve 
A)  to project a modern and progressive image 
B)  to achieve organizational strategy 
C)  for the sake of exploring technology and being innovative 
D)  to avoid falling behind the technology curve

Question 11

Which of the following results is attributed to Moore's Law?

Accepted Answer

A)  The price of software has come down drastically. 
B)  The ratio of price to performance of computers has fallen drastically. 
C)  The risk of technology becoming obsolete has decreased. 
D)  Piracy of software has increased. 
A)  The price of software has come down drastically. 
B)  The ratio of price to performance of computers has fallen drastically. 
C)  The risk of technology becoming obsolete has decreased. 
D)  Piracy of software has increased.

Question 12

What are the support activities of a value chain?

Accepted Answer

The support activities in the generic va

Question 13

A business that selects a differentiation strategy would necessarily structure itself around least-cost activities.

Accepted Answer

A) True 
 B)False

Question 14

Define management information systems.

Accepted Answer

Management information systems

Question 15

Because of Moore's Law, the cost of data communications and data storage ________.

Accepted Answer

A)  has increased exponentially 
B)  has remained unchanged 
C)  is witnessing an upward trend 
D)  is essentially zero 
A)  has increased exponentially 
B)  has remained unchanged 
C)  is witnessing an upward trend 
D)  is essentially zero

Question 16

Which of the following is true of value chain analysis in a service organization?

Accepted Answer

A)  Outbound logistics include receiving, storing, and disseminating inputs to the product. 
B)  Inbound logistics include collecting, storing, and physically distributing the product to buyers. 
C)  Value chain analysis has no direct application to service businesses. 
D)  Most of the value in a service company is generated by the operations, marketing and sales, and service activities. 
A)  Outbound logistics include receiving, storing, and disseminating inputs to the product. 
B)  Inbound logistics include collecting, storing, and physically distributing the product to buyers. 
C)  Value chain analysis has no direct application to service businesses. 
D)  Most of the value in a service company is generated by the operations, marketing and sales, and service activities.

Question 17

In the value chain, Porter defined "firm infrastructure" to include activities within the firm for developing new techniques, methods, and procedures.

Accepted Answer

A) True 
 B)False

Question 18

An example of abstract reasoning skills is the ability to construct a model.

Accepted Answer

A) True 
 B)False

Question 19

Ben is in charge of the delivery process at the local Sony dealer. After going through the week's delivery schedule, he calls his team and assigns territories for each individual. He contacts the supervisor to arrange the necessary transport. Which activity of the value chain is Ben executing?

Accepted Answer

A)  marketing 
B)  inbound logistics 
C)  outbound logistics 
D)  operations 
A)  marketing 
B)  inbound logistics 
C)  outbound logistics 
D)  operations

Question 20

If a firm's competitive strategy is to be a cost leader, then business activities need to be developed to provide essential functions at the lowest possible cost.

Accepted Answer

A) True 
 B)False

Briefly describe Porter's five forces model.

The difference between the total value added and the total costs incurred is called the ________ of the value chain.

Moore's Law states that the speed of a computer doubles every 18 months.

Which of the following has the highest threat of substitution?

What are the primary activities in the value chain?

A process may use multiple information systems and an information system may touch many different processes.

Apple Mac computers and Mercedes-Benz automobiles are examples of the successful use of which of Porter's four competitive strategies?

How does MIS help organizations achieve their strategies?

Porter's five forces model is also referred to as the value chain model.

Which of the following appropriately justifies a company's decision to develop an information system?

Which of the following results is attributed to Moore's Law?

What are the support activities of a value chain?

A business that selects a differentiation strategy would necessarily structure itself around least-cost activities.

Define management information systems.

Because of Moore's Law, the cost of data communications and data storage ________.

Which of the following is true of value chain analysis in a service organization?

In the value chain, Porter defined "firm infrastructure" to include activities within the firm for developing new techniques, methods, and procedures.

An example of abstract reasoning skills is the ability to construct a model.

Ben is in charge of the delivery process at the local Sony dealer. After going through the week's delivery schedule, he calls his team and assigns territories for each individual. He contacts the supervisor to arrange the necessary transport. Which activity of the value chain is Ben executing?

If a firm's competitive strategy is to be a cost leader, then business activities need to be developed to provide essential functions at the lowest possible cost.

Business Processes, Information Systems, and Information

Hardware, Software, and Networks

Database Processing

Using IS to Improve Processes

Supporting Processes with ERP Systems

Supporting the Procurement Process with SAP

Supporting the Sales Process with SAP

Collaboration Processes and Information Systems

The Impact of Web 2.0 and Social Media on Business Processes

Business Intelligence

MIS Management Processes: Process Management, Systems Development, and Security

Filters

Exam 1: Introduction to MIS

Briefly describe Porter's five forces model.

The difference between the total value added and the total costs incurred is called the ________ of the value chain.

Moore's Law states that the speed of a computer doubles every 18 months.

Which of the following has the highest threat of substitution?

What are the primary activities in the value chain?

A process may use multiple information systems and an information system may touch many different processes.

Apple Mac computers and Mercedes-Benz automobiles are examples of the successful use of which of Porter's four competitive strategies?

How does MIS help organizations achieve their strategies?

Porter's five forces model is also referred to as the value chain model.

Which of the following appropriately justifies a company's decision to develop an information system?

Which of the following results is attributed to Moore's Law?

What are the support activities of a value chain?

A business that selects a differentiation strategy would necessarily structure itself around least-cost activities.

Define management information systems.

Because of Moore's Law, the cost of data communications and data storage ________.

Which of the following is true of value chain analysis in a service organization?

In the value chain, Porter defined "firm infrastructure" to include activities within the firm for developing new techniques, methods, and procedures.

An example of abstract reasoning skills is the ability to construct a model.

Ben is in charge of the delivery process at the local Sony dealer. After going through the week's delivery schedule, he calls his team and assigns territories for each individual. He contacts the supervisor to arrange the necessary transport. Which activity of the value chain is Ben executing?

If a firm's competitive strategy is to be a cost leader, then business activities need to be developed to provide essential functions at the lowest possible cost.

Business Processes, Information Systems, and Information

Hardware, Software, and Networks

Database Processing

Using IS to Improve Processes

Supporting Processes with ERP Systems

Supporting the Procurement Process with SAP

Supporting the Sales Process with SAP

Collaboration Processes and Information Systems

The Impact of Web 2.0 and Social Media on Business Processes

Business Intelligence

MIS Management Processes: Process Management, Systems Development, and Security

Filters