Question 1

An inventory of raw materials is an example of a repository.

Accepted Answer

A) True 
 B)False

Question 2

Most of the value in a service company is generated by inbound logistics.

Accepted Answer

A) True 
 B)False

Question 3

A major drawback of Porter's five forces model is that it does not analyze the threat of substitutes when forming a corporate strategy.

Accepted Answer

A) True 
 B)False

Question 4

An organization responds to the structure of its industry by choosing a competitive strategy.

Accepted Answer

A) True 
 B)False

Question 5

Organizations that choose a differentiation strategy implement business processes to minimize costs.

Accepted Answer

A) True 
 B)False

Question 6

The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.

Accepted Answer

A)  low threat of substitutions 
B)  high bargaining power of suppliers 
C)  high levels of rivalry 
D)  low bargaining power of customers 
A)  low threat of substitutions 
B)  high bargaining power of suppliers 
C)  high levels of rivalry 
D)  low bargaining power of customers

Question 7

A large software manufacturer attempts to lock in customers by making it difficult for customers to change to another product. The strategy used by the company is referred to as ________.

Accepted Answer

A)  switching costs strategy 
B)  low cost operation strategy 
C)  standardization strategy 
D)  consumerist strategy 
A)  switching costs strategy 
B)  low cost operation strategy 
C)  standardization strategy 
D)  consumerist strategy

Question 8

Which of the following statements is consistent with the central idea of business process design?

Accepted Answer

A)  Technology should be used to supplement the existing value chain. 
B)  Business processes should focus on improving individual functional systems. 
C)  Organizations should create new business processes rather than improve existing systems. 
D)  Technology should be used to modify and improve standard business processes. 
A)  Technology should be used to supplement the existing value chain. 
B)  Business processes should focus on improving individual functional systems. 
C)  Organizations should create new business processes rather than improve existing systems. 
D)  Technology should be used to modify and improve standard business processes.

Question 9

A furniture manufacturer delivers products to his customers' houses. This is an example of inbound logistics.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following principles of competitive advantage is related to process implementations?

Accepted Answer

A)  create new products 
B)  lock in buyers 
C)  enhance services 
D)  differentiate services 
A)  create new products 
B)  lock in buyers 
C)  enhance services 
D)  differentiate services

Question 11

In the value chain, customer service is concerned with inducing buyers to purchase the product and providing a means for them to do so.

Accepted Answer

A) True 
 B)False

Question 12

Hueblue Software, an application provider to the gaming industry, decided to increase its portfolio by developing motion-control-enabled games for the mobile gaming industry. In this scenario, which competitive strategy is Hueblue Software implementing?

Accepted Answer

A)  establishment of alliances 
B)  product differentiation 
C)  reduction of cost 
D)  locking in suppliers 
A)  establishment of alliances 
B)  product differentiation 
C)  reduction of cost 
D)  locking in suppliers

Question 13

Bargaining power of customers is likely to be the highest for markets involving ________.

Accepted Answer

A)  limited edition apparel 
B)  industrial products 
C)  patented drugs 
D)  vintage cars 
A)  limited edition apparel 
B)  industrial products 
C)  patented drugs 
D)  vintage cars

Question 14

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

Accepted Answer

A)  actual value 
B)  total margin 
C)  total revenue 
D)  gross turnover 
A)  actual value 
B)  total margin 
C)  total revenue 
D)  gross turnover

Question 15

A new drug that has shown promise in curing skin cancer has been discovered by a famous chemical laboratory. This is the only known drug effective for treatment of this disease. The laboratory obtains a patent for the product and decides to sell it. This situation is characterized by ________.

Accepted Answer

A)  low threat of substitutions 
B)  high bargaining power of customers 
C)  high threat of new entrants 
D)  low bargaining power of the laboratory 
A)  low threat of substitutions 
B)  high bargaining power of customers 
C)  high threat of new entrants 
D)  low bargaining power of the laboratory

Question 16

According to Porter's five forces model, which of the following firms would be least affected by the threat of substitutes?

Accepted Answer

A)  a used car dealership in New York 
B)  a convenience store that sells retail products 
C)  a firm that sells the only drug for a disease 
D)  a corner latte shop in Atlanta 
A)  a used car dealership in New York 
B)  a convenience store that sells retail products 
C)  a firm that sells the only drug for a disease 
D)  a corner latte shop in Atlanta

Question 17

The support activities in the generic value chain do not contribute to the production, sale, and service of the product.

Accepted Answer

A) True 
 B)False

Question 18

A ________ is a collection of something, such as data and raw materials.

Accepted Answer

A)  value chain 
B)  cache 
C)  linkage 
D)  repository 
A)  value chain 
B)  cache 
C)  linkage 
D)  repository

Question 19

Focusing on differentiation is providing a better product or service within an industry segment.

Accepted Answer

A) True 
 B)False

An inventory of raw materials is an example of a repository.

Most of the value in a service company is generated by inbound logistics.

A major drawback of Porter's five forces model is that it does not analyze the threat of substitutes when forming a corporate strategy.

An organization responds to the structure of its industry by choosing a competitive strategy.

Organizations that choose a differentiation strategy implement business processes to minimize costs.

The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.

A large software manufacturer attempts to lock in customers by making it difficult for customers to change to another product. The strategy used by the company is referred to as ________.

Which of the following statements is consistent with the central idea of business process design?

A furniture manufacturer delivers products to his customers' houses. This is an example of inbound logistics.

Which of the following principles of competitive advantage is related to process implementations?

In the value chain, customer service is concerned with inducing buyers to purchase the product and providing a means for them to do so.

Hueblue Software, an application provider to the gaming industry, decided to increase its portfolio by developing motion-control-enabled games for the mobile gaming industry. In this scenario, which competitive strategy is Hueblue Software implementing?

Bargaining power of customers is likely to be the highest for markets involving ________.

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

A new drug that has shown promise in curing skin cancer has been discovered by a famous chemical laboratory. This is the only known drug effective for treatment of this disease. The laboratory obtains a patent for the product and decides to sell it. This situation is characterized by ________.

According to Porter's five forces model, which of the following firms would be least affected by the threat of substitutes?

The support activities in the generic value chain do not contribute to the production, sale, and service of the product.

A ________ is a collection of something, such as data and raw materials.

Focusing on differentiation is providing a better product or service within an industry segment.

The Importance of MIS

Collaboration Information Systems

Hardware, Software, and Mobile Systems

Database Processing

The Cloud

Processes, Organizations, and Information Systems

Social Media Information Systems

Business Intelligence Systems

Information Systems Security

Information Systems Management

Information Systems Development

Filters

Exam 3: Strategy and Information Systems

An inventory of raw materials is an example of a repository.

Most of the value in a service company is generated by inbound logistics.

A major drawback of Porter's five forces model is that it does not analyze the threat of substitutes when forming a corporate strategy.

An organization responds to the structure of its industry by choosing a competitive strategy.

Organizations that choose a differentiation strategy implement business processes to minimize costs.

The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.

A large software manufacturer attempts to lock in customers by making it difficult for customers to change to another product. The strategy used by the company is referred to as ________.

Which of the following statements is consistent with the central idea of business process design?

A furniture manufacturer delivers products to his customers' houses. This is an example of inbound logistics.

Which of the following principles of competitive advantage is related to process implementations?

In the value chain, customer service is concerned with inducing buyers to purchase the product and providing a means for them to do so.

Hueblue Software, an application provider to the gaming industry, decided to increase its portfolio by developing motion-control-enabled games for the mobile gaming industry. In this scenario, which competitive strategy is Hueblue Software implementing?

Bargaining power of customers is likely to be the highest for markets involving ________.

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

A new drug that has shown promise in curing skin cancer has been discovered by a famous chemical laboratory. This is the only known drug effective for treatment of this disease. The laboratory obtains a patent for the product and decides to sell it. This situation is characterized by ________.

According to Porter's five forces model, which of the following firms would be least affected by the threat of substitutes?

The support activities in the generic value chain do not contribute to the production, sale, and service of the product.

A ________ is a collection of something, such as data and raw materials.

Focusing on differentiation is providing a better product or service within an industry segment.

The Importance of MIS

Collaboration Information Systems

Hardware, Software, and Mobile Systems

Database Processing

The Cloud

Processes, Organizations, and Information Systems

Social Media Information Systems

Business Intelligence Systems

Information Systems Security

Information Systems Management

Information Systems Development

Filters