Question 1

Because of Moore's Law,the cost of data processing,communications,and 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 D

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 D

Question 3

Define management information systems.

Accepted Answer

Management information systems,or MIS,is the management and use of processes,information systems,and information to help organizations achieve their strategies.

Question 4

Support activities in a value chain include the processes of finding vendors,setting up contractual arrangements,and negotiating prices.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

How does competitive strategy determine business processes and information systems?

Accepted Answer

Organizations analyze their industry and

Question 7

Briefly describe Porter's five forces model.

Accepted Answer

A model used to assess an industry struc

Question 8

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 9

Which of the following is a key for companies when choosing a competitive strategy?

Accepted Answer

A)  It is essential for companies to commit to more than one strategy at a time. 
B)  The competitive strategy of companies must be distinctive and maintainable. 
C)  Companies must sell products at the highest price to become a cost leader. 
D)  Companies should try to imitate the competitive strategies of competitors. 
A)  It is essential for companies to commit to more than one strategy at a time. 
B)  The competitive strategy of companies must be distinctive and maintainable. 
C)  Companies must sell products at the highest price to become a cost leader. 
D)  Companies should try to imitate the competitive strategies of competitors.

Question 10

Which of the following is an industry barrier for new entrants in an established market?

Accepted Answer

A)  low financial investments 
B)  government policies 
C)  low customer switching costs 
D)  accessible distribution channels 
A)  low financial investments 
B)  government policies 
C)  low customer switching costs 
D)  accessible distribution channels

Question 11

According to Porter,only one company in an industry can actually be the cost leader.

Accepted Answer

A) True 
 B)False

Question 12

The cost or differentiation strategy must be employed across an entire industry and cannot be tailored to specific industry segments.

Accepted Answer

A) True 
 B)False

Question 13

The strength of the bargaining power of suppliers and customers depends on the switching costs and product differentiation.

Accepted Answer

A) True 
 B)False

Question 14

________ 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)  Abstract reasoning 
D)  Experimentation 
A)  Collaboration 
B)  Systems thinking 
C)  Abstract reasoning 
D)  Experimentation

Question 15

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 16

Which of the following is a support activity in the value chain?

Accepted Answer

A)  receiving inputs for production 
B)  distributing products to buyers 
C)  helping customers use a product 
D)  negotiating prices with vendors 
A)  receiving inputs for production 
B)  distributing products to buyers 
C)  helping customers use a product 
D)  negotiating prices with vendors

Question 17

All processes,information systems,and information must be constructed to facilitate an organization's competitive strategy.

Accepted Answer

A) True 
 B)False

Question 18

Porter's model of integrating all the activities of all the departments involved in a value chain is referred to as business ________.

Accepted Answer

A)  outsourcing 
B)  development 
C)  analysis 
D)  process design 
A)  outsourcing 
B)  development 
C)  analysis 
D)  process design

Question 19

Each stage of the value chain accumulates costs and adds value to the product.

Accepted Answer

A) True 
 B)False

Question 20

What changes must a company make if its value chain's margin is negative?

Accepted Answer

A)  The value must be decreased. 
B)  The costs of the value chain need to be increased. 
C)  The number of stages in the generic chain must be increased. 
D)  The value must be increased so that it exceeds the cost. 
A)  The value must be decreased. 
B)  The costs of the value chain need to be increased. 
C)  The number of stages in the generic chain must be increased. 
D)  The value must be increased so that it exceeds the cost.

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

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

Define management information systems.

Support activities in a value chain include the processes of finding vendors,setting up contractual arrangements,and negotiating prices.

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

How does competitive strategy determine business processes and information systems?

Briefly describe Porter's five forces model.

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

Which of the following is a key for companies when choosing a competitive strategy?

Which of the following is an industry barrier for new entrants in an established market?

According to Porter,only one company in an industry can actually be the cost leader.

The cost or differentiation strategy must be employed across an entire industry and cannot be tailored to specific industry segments.

The strength of the bargaining power of suppliers and customers depends on the switching costs and product differentiation.

________ 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.

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

Which of the following is a support activity in the value chain?

All processes,information systems,and information must be constructed to facilitate an organization's competitive strategy.

Porter's model of integrating all the activities of all the departments involved in a value chain is referred to as business ________.

Each stage of the value chain accumulates costs and adds value to the product.

What changes must a company make if its value chain's margin is negative?

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 and Is

Social Media and Is

Business Intelligence and Is

Mis Management Processes: Process Management, systems Development, and Security

Filters

Exam 1: The Importance of Mis

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

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

Define management information systems.

Support activities in a value chain include the processes of finding vendors,setting up contractual arrangements,and negotiating prices.

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

How does competitive strategy determine business processes and information systems?

Briefly describe Porter's five forces model.

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

Which of the following is a key for companies when choosing a competitive strategy?

Which of the following is an industry barrier for new entrants in an established market?

According to Porter,only one company in an industry can actually be the cost leader.

The cost or differentiation strategy must be employed across an entire industry and cannot be tailored to specific industry segments.

The strength of the bargaining power of suppliers and customers depends on the switching costs and product differentiation.

________ 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.

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

Which of the following is a support activity in the value chain?

All processes,information systems,and information must be constructed to facilitate an organization's competitive strategy.

Porter's model of integrating all the activities of all the departments involved in a value chain is referred to as business ________.

Each stage of the value chain accumulates costs and adds value to the product.

What changes must a company make if its value chain's margin is negative?

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 and Is

Social Media and Is

Business Intelligence and Is

Mis Management Processes: Process Management, systems Development, and Security

Filters