Question 1

The success of SouthWest airlines is an example 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 2

Which activity of the value chain includes inducing a customer to purchase a product?

Accepted Answer

A)  inbound logistics 
B)  operations/manufacturing 
C)  outbound logistics 
D)  sales and marketing 
A)  inbound logistics 
B)  operations/manufacturing 
C)  outbound logistics 
D)  sales and marketing

Question 3

A car rental company operates in two cities and offers low-rental cars specifically to college students from these areas. This is an example of a(n)________.

Accepted Answer

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

Question 4

________ is defined as making a careful and reasoned analysis of an opportunity, envisioning potential products or solutions or applications of technology, and then developing those ideas that seem to have the most promise, consistent with the resources one has.

Accepted Answer

A)  Collaboration 
B)  Systems thinking 
C)  Abstraction 
D)  Experimentation 
A)  Collaboration 
B)  Systems thinking 
C)  Abstraction 
D)  Experimentation

Question 5

Moore's Law states that the number of transistors per square inch on an integrated chip doubles every 18 months.

Accepted Answer

A) True 
 B)False

Question 6

A ________ is defined as a network of value-creating activities.

Accepted Answer

A)  value network 
B)  value pyramid 
C)  value chain 
D)  value system 
A)  value network 
B)  value pyramid 
C)  value chain 
D)  value system

Question 7

The difference between the value that an activity generates and the cost of the activity is called value-addition.

Accepted Answer

A) True 
 B)False

Question 8

Supporting functions of the value chain add value indirectly and hence do not incur costs.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements best describes Moore's Law?

Accepted Answer

A)  A computer processor becomes obsolete within 18 months. 
B)  The speed of a computer processor doubles every 18 months. 
C)  The number of transistors per square inch on an integrated chip doubles every 18 months. 
D)  The total number of transistors produced in the world doubles every 18 months. 
A)  A computer processor becomes obsolete within 18 months. 
B)  The speed of a computer processor doubles every 18 months. 
C)  The number of transistors per square inch on an integrated chip doubles every 18 months. 
D)  The total number of transistors produced in the world doubles every 18 months.

Question 10

The assessment of each of Porter's five forces determines the characteristics of an industry, how profitable it is, and how sustainable that profitability will be.

Accepted Answer

A) True 
 B)False

Question 11

An information system is a collection of components, including a computer, that stores and retrieves data and produces information.

Accepted Answer

A) True 
 B)False

Question 12

An organization becomes a cost leader by focusing on adding value to its products to differentiate them from those of the competition.

Accepted Answer

A) True 
 B)False

Question 13

The threat of a substitute is stronger if the substitute's price is higher and if the perceived benefits of the substitute are similar.

Accepted Answer

A) True 
 B)False

Question 14

The ________ activities in the generic value chain contribute indirectly to the production, sale, and service of a product.

Accepted Answer

A)  primary 
B)  direct 
C)  support 
D)  principal 
A)  primary 
B)  direct 
C)  support 
D)  principal

Question 15

Which of the following is a key element in the definition of MIS?

Accepted Answer

A)  efficiency 
B)  abstract reasoning 
C)  organizational strategy 
D)  ability to experiment 
A)  efficiency 
B)  abstract reasoning 
C)  organizational strategy 
D)  ability to experiment

Question 16

Porter defined ________ to include recruiting, compensation, evaluation, and training of full-and part-time employees.

Accepted Answer

A)  human resources 
B)  firm infrastructure 
C)  operations 
D)  employee welfare 
A)  human resources 
B)  firm infrastructure 
C)  operations 
D)  employee welfare

Question 17

The difference between the value that an activity generates and the cost of the activity is called the ________.

Accepted Answer

A)  margin 
B)  revenue 
C)  break-even point 
D)  value-addition 
A)  margin 
B)  revenue 
C)  break-even point 
D)  value-addition

Question 18

How does MIS relate to organizational strategy?

Accepted Answer

MIS exists to help organizations achieve

Question 19

How is Moore's Law commonly misinterpreted?

Accepted Answer

A)  A computer processor becomes obsolete within 18 months. 
B)  The total number of transistors produced in the world doubles every 18 months. 
C)  The number of transistors per square inch on an integrated chip doubles every 18 months. 
D)  The speed of a computer processor doubles every 18 months. 
A)  A computer processor becomes obsolete within 18 months. 
B)  The total number of transistors produced in the world doubles every 18 months. 
C)  The number of transistors per square inch on an integrated chip doubles every 18 months. 
D)  The speed of a computer processor doubles every 18 months.

Question 20

According to Porter, ________ includes general management, finance, accounting, legal, and government affairs.

Accepted Answer

A)  technology 
B)  human resources 
C)  firm infrastructure 
D)  MIS 
A)  technology 
B)  human resources 
C)  firm infrastructure 
D)  MIS

The success of SouthWest airlines is an example of which of Porter's four competitive strategies?

Which activity of the value chain includes inducing a customer to purchase a product?

A car rental company operates in two cities and offers low-rental cars specifically to college students from these areas. This is an example of a(n)________.

________ is defined as making a careful and reasoned analysis of an opportunity, envisioning potential products or solutions or applications of technology, and then developing those ideas that seem to have the most promise, consistent with the resources one has.

Moore's Law states that the number of transistors per square inch on an integrated chip doubles every 18 months.

A ________ is defined as a network of value-creating activities.

The difference between the value that an activity generates and the cost of the activity is called value-addition.

Supporting functions of the value chain add value indirectly and hence do not incur costs.

Which of the following statements best describes Moore's Law?

The assessment of each of Porter's five forces determines the characteristics of an industry, how profitable it is, and how sustainable that profitability will be.

An information system is a collection of components, including a computer, that stores and retrieves data and produces information.

An organization becomes a cost leader by focusing on adding value to its products to differentiate them from those of the competition.

The threat of a substitute is stronger if the substitute's price is higher and if the perceived benefits of the substitute are similar.

The ________ activities in the generic value chain contribute indirectly to the production, sale, and service of a product.

Which of the following is a key element in the definition of MIS?

Porter defined ________ to include recruiting, compensation, evaluation, and training of full-and part-time employees.

The difference between the value that an activity generates and the cost of the activity is called the ________.

How does MIS relate to organizational strategy?

How is Moore's Law commonly misinterpreted?

According to Porter, ________ includes general management, finance, accounting, legal, and government affairs.

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

The success of SouthWest airlines is an example of which of Porter's four competitive strategies?

Which activity of the value chain includes inducing a customer to purchase a product?

A car rental company operates in two cities and offers low-rental cars specifically to college students from these areas. This is an example of a(n)________.

________ is defined as making a careful and reasoned analysis of an opportunity, envisioning potential products or solutions or applications of technology, and then developing those ideas that seem to have the most promise, consistent with the resources one has.

Moore's Law states that the number of transistors per square inch on an integrated chip doubles every 18 months.

A ________ is defined as a network of value-creating activities.

The difference between the value that an activity generates and the cost of the activity is called value-addition.

Supporting functions of the value chain add value indirectly and hence do not incur costs.

Which of the following statements best describes Moore's Law?

The assessment of each of Porter's five forces determines the characteristics of an industry, how profitable it is, and how sustainable that profitability will be.

An information system is a collection of components, including a computer, that stores and retrieves data and produces information.

An organization becomes a cost leader by focusing on adding value to its products to differentiate them from those of the competition.

The threat of a substitute is stronger if the substitute's price is higher and if the perceived benefits of the substitute are similar.

The ________ activities in the generic value chain contribute indirectly to the production, sale, and service of a product.

Which of the following is a key element in the definition of MIS?

Porter defined ________ to include recruiting, compensation, evaluation, and training of full-and part-time employees.

The difference between the value that an activity generates and the cost of the activity is called the ________.

How does MIS relate to organizational strategy?

How is Moore's Law commonly misinterpreted?

According to Porter, ________ includes general management, finance, accounting, legal, and government affairs.

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