Question 1

Consider the following information:
Compute the following:
  
-Your firm's share (i.e., amount of value appropriated by your firm)

Accepted Answer

(i.e., amount of value appropriated by your firm) $11

Question 2

Which of the following statement(s) about strategic information systems is (are) not true?

Accepted Answer

A)  Strategic information systems are used to support or shape the competitive strategy of a firm 
B)  Strategic information systems critical to business operations but that do not generate added value 
C)  Strategic information systems enable the creation and appropriation of value 
D)  Strategic information systems are defined in terms of the purpose they serve 
E)  All of the above 
A)  Strategic information systems are used to support or shape the competitive strategy of a firm 
B)  Strategic information systems critical to business operations but that do not generate added value 
C)  Strategic information systems enable the creation and appropriation of value 
D)  Strategic information systems are defined in terms of the purpose they serve 
E)  All of the above D

Question 3

Which of the following is "the maximum amount of money the firm's customers are willing to spend in order to obtain the firm's product"?

Accepted Answer

A)  Total value created 
B)  Customer willingness to pay 
C)  Firm cost 
D)  Supplier opportunity cost 
E)  None of the above 
A)  Total value created 
B)  Customer willingness to pay 
C)  Firm cost 
D)  Supplier opportunity cost 
E)  None of the above B

Question 4

What are the two ways to create new value?

Accepted Answer

- Increasing Custome

Question 5

Consider the following information:
Compute the following:
  
-Supplier share (i.e., amount of value appropriated by the supplier)

Accepted Answer

(i.e., amount of val

Question 6

We can confidently conclude that a firm has added value when:

Accepted Answer

A)  It creates value for its customers 
B)  It has low supplier opportunity cost 
C)  It manages its firm cost aggressively 
D)  It does something unique and valuable 
E)  It appropriates less than its fair share 
A)  It creates value for its customers 
B)  It has low supplier opportunity cost 
C)  It manages its firm cost aggressively 
D)  It does something unique and valuable 
E)  It appropriates less than its fair share

Question 7

The analysis of added value is a formal mechanism that managers and analysts use to evaluate how much of the value created in a transaction the firm can appropriate in the form of profits.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is (are) ways to create value?

Accepted Answer

A)  Increase customer willingness to pay 
B)  Decrease supplier opportunity cost 
C)  Decrease firm costs 
D)  Price discounting 
E)  Only A and B 
A)  Increase customer willingness to pay 
B)  Decrease supplier opportunity cost 
C)  Decrease firm costs 
D)  Price discounting 
E)  Only A and B

Question 9

Giving the following information, how much is the total value created?

Accepted Answer

A)  $10 
B)  $15 
C)  $25 
D)  $40 
E)  None of the above is correct 
A)  $10 
B)  $15 
C)  $25 
D)  $40 
E)  None of the above is correct

Question 10

Consider the following information, how much value does the customers appropriate?

Accepted Answer

A)  $4 
B)  $10 
C)  $15 
D)  $25 
E)  $40 
A)  $4 
B)  $10 
C)  $15 
D)  $25 
E)  $40

Question 11

Supplier opportunity cost is the maximum amount of money the suppliers are willing to accept to provide the firm with the needed resources.

Accepted Answer

A) True 
 B)False

Question 12

Given the following information, how much is your firm's added value?

Accepted Answer

A)  $2 
B)  $3 
C)  $4 
D)  $5 
E)  $6 
A)  $2 
B)  $3 
C)  $4 
D)  $5 
E)  $6

Question 13

Consider the following information, how much value does the customers appropriate? Please clearly explain your calculation process.

Accepted Answer

The differ

Question 14

What makes an initiative strategic and IT-dependent?

Accepted Answer

An initiative is strategic when the firm

Question 15

Offer an example of a firm that has increased Customer Willingness to Pay for its products but failed to create Added Value. Thoroughly justify your examples

Accepted Answer

One example of a firm that has increased

Question 16

The firm's added value is measured as that portion of the value created in the transaction involving the firm minus the total value that could be created if the firm did not exist. When will the added value be zero even if the firm did not take part in the exchange?

Accepted Answer

A)  When the suppliers do not want to negotiate 
B)  When the competitors offer perfect substitutes of your products with the same supplier opportunity cost 
C)  When the firm cost is equal to supplier opportunity cost 
D)  When customer willingness to pay is equal to price 
E)  Added value will never be zero 
A)  When the suppliers do not want to negotiate 
B)  When the competitors offer perfect substitutes of your products with the same supplier opportunity cost 
C)  When the firm cost is equal to supplier opportunity cost 
D)  When customer willingness to pay is equal to price 
E)  Added value will never be zero

Question 17

The total value created in the transaction is computed as the difference between customer willingness to pay and supplier opportunity cost.

Accepted Answer

A) True 
 B)False

Question 18

Consider the following information:
Compute the following:
  
-Customer share (i.e., amount of value appropriated by the customer)

Accepted Answer

Customer share (i.e.

Question 19

Which of the following is "the minimum amount of money the suppliers are willing to accept to provide the firm with the needed resources"?

Accepted Answer

A)  Total value created 
B)  Customer willingness to pay 
C)  Firm cost 
D)  Supplier opportunity cost 
E)  None of the above 
A)  Total value created 
B)  Customer willingness to pay 
C)  Firm cost 
D)  Supplier opportunity cost 
E)  None of the above

Question 20

Given your understanding of the definition of Added Value, when will your firm's added value be zero?

Accepted Answer

A)  When the suppliers do not want to negotiate. 
B)  When the competitors offer a perfect substitute of your products and have the same supplier opportunity cost 
C)  When the firm cost is equal to supplier opportunity cost 
D)  When customer willingness to pay is equal to price 
E)  Added value can never be zero 
A)  When the suppliers do not want to negotiate. 
B)  When the competitors offer a perfect substitute of your products and have the same supplier opportunity cost 
C)  When the firm cost is equal to supplier opportunity cost 
D)  When customer willingness to pay is equal to price 
E)  Added value can never be zero

Consider the following information: Compute the following: -Your firm's share (i.e., amount of value appropriated by your firm)

Which of the following statement(s) about strategic information systems is (are) not true?

Which of the following is "the maximum amount of money the firm's customers are willing to spend in order to obtain the firm's product"?

What are the two ways to create new value?

Consider the following information: Compute the following: -Supplier share (i.e., amount of value appropriated by the supplier)

We can confidently conclude that a firm has added value when:

The analysis of added value is a formal mechanism that managers and analysts use to evaluate how much of the value created in a transaction the firm can appropriate in the form of profits.

Which of the following is (are) ways to create value?

Giving the following information, how much is the total value created?

Consider the following information, how much value does the customers appropriate?

Supplier opportunity cost is the maximum amount of money the suppliers are willing to accept to provide the firm with the needed resources.

Given the following information, how much is your firm's added value?

Consider the following information, how much value does the customers appropriate? Please clearly explain your calculation process.

What makes an initiative strategic and IT-dependent?

Offer an example of a firm that has increased Customer Willingness to Pay for its products but failed to create Added Value. Thoroughly justify your examples

The firm's added value is measured as that portion of the value created in the transaction involving the firm minus the total value that could be created if the firm did not exist. When will the added value be zero even if the firm did not take part in the exchange?

The total value created in the transaction is computed as the difference between customer willingness to pay and supplier opportunity cost.

Consider the following information: Compute the following: -Customer share (i.e., amount of value appropriated by the customer)

Which of the following is "the minimum amount of money the suppliers are willing to accept to provide the firm with the needed resources"?

Given your understanding of the definition of Added Value, when will your firm's added value be zero?

Information Systems and the Role of General and Functional Managers

Information Systems Defined

Organizational Information Systems and Their Impact

The Changing Competitive Environment

Electronic Commerce: New Ways of Doing Business

Strategic Information Systems Planning

Value Creation With Information Systems

Appropriating It-Enabled Value Over Time

Funding Information Systems

Creating Information Systems

Information System Trends

Security, Privacy, and Ethics

Filters

Exam 7: Value Creation and Strategic Information Systems

Consider the following information: Compute the following: -Your firm's share (i.e., amount of value appropriated by your firm)

Which of the following statement(s) about strategic information systems is (are) not true?

Which of the following is "the maximum amount of money the firm's customers are willing to spend in order to obtain the firm's product"?

What are the two ways to create new value?

Consider the following information: Compute the following: -Supplier share (i.e., amount of value appropriated by the supplier)

We can confidently conclude that a firm has added value when:

The analysis of added value is a formal mechanism that managers and analysts use to evaluate how much of the value created in a transaction the firm can appropriate in the form of profits.

Which of the following is (are) ways to create value?

Giving the following information, how much is the total value created?

Consider the following information, how much value does the customers appropriate?

Supplier opportunity cost is the maximum amount of money the suppliers are willing to accept to provide the firm with the needed resources.

Given the following information, how much is your firm's added value?

Consider the following information, how much value does the customers appropriate? Please clearly explain your calculation process.

What makes an initiative strategic and IT-dependent?

Offer an example of a firm that has increased Customer Willingness to Pay for its products but failed to create Added Value. Thoroughly justify your examples

The firm's added value is measured as that portion of the value created in the transaction involving the firm minus the total value that could be created if the firm did not exist. When will the added value be zero even if the firm did not take part in the exchange?

The total value created in the transaction is computed as the difference between customer willingness to pay and supplier opportunity cost.

Consider the following information: Compute the following: -Customer share (i.e., amount of value appropriated by the customer)

Which of the following is "the minimum amount of money the suppliers are willing to accept to provide the firm with the needed resources"?

Given your understanding of the definition of Added Value, when will your firm's added value be zero?

Information Systems and the Role of General and Functional Managers

Information Systems Defined

Organizational Information Systems and Their Impact

The Changing Competitive Environment

Electronic Commerce: New Ways of Doing Business

Strategic Information Systems Planning

Value Creation With Information Systems

Appropriating It-Enabled Value Over Time

Funding Information Systems

Creating Information Systems

Information System Trends

Security, Privacy, and Ethics

Filters