Exam 1: The Importance of Mis

According to Porter's five forces model,established companies face stronger threats from substitutes if the substitute's ________.

Because of Moore's Law,any routine skill can and will be outsourced to the lowest bidder.

It is difficult to calculate the margin of supporting activities because the specific value added by supporting activities is difficult to know.

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

Ben is in charge of the delivery process at a local store.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?

Which activity of the value chain includes ordering and receiving raw materials for manufacturing?

Inbound logistics involves receiving,storing,and disseminating inputs to products.

________ is the ability to make and manipulate models.

State Moore's Law and describe its effects on the business environment.

In the value chain,the primary activity of sales and marketing is the collection,storage,and physical distribution of products to buyers.

A company that states a strategy of low cost leadership and a differentiation on customer service simultaneously is most likely to achieve a strong competitive advantage.

What is abstract reasoning and systems thinking? Give an example for each.

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

As a result of Moore's Law,the ratio of price to performance of computers has increased dramatically over the years.

Miguel proposes a new design idea for an automobile to his boss.He illustrates the model through a presentation,describes how the firm could profit from it,and how it meets customers' needs.Which of Reich's four critical skills is Miguel exhibiting?

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

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

How does MIS help organizations achieve their strategies?

What are the support activities of a value chain?

Which of the following is a misinterpretation of Moore's Law?