Question 1

If a firm's competitive strategy is to be a cost leader,then business activities need to be developed to provide essential functions at the lowest possible cost.

Accepted Answer

A) True 
 B)False

Question 2

Porter defined ________ as the amount of money that a customer is willing to pay for a resource,product,or service.

Accepted Answer

A)  margin 
B)  value 
C)  premium 
D)  cost 
A)  margin 
B)  value 
C)  premium 
D)  cost

Question 3

A car rental company operates in two cities and offers rental cars at low rates 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

Which of the following statements regarding an information system is true?

Accepted Answer

A)  It does not produce data, but merely retrieves it. 
B)  It is synonymous with business processes. 
C)  It stores and retrieves data. 
D)  It can use only a single business process. 
A)  It does not produce data, but merely retrieves it. 
B)  It is synonymous with business processes. 
C)  It stores and retrieves data. 
D)  It can use only a single business process.

Question 5

Which of the following is a nonroutine cognitive skill that would provide one with job security?

Accepted Answer

A)  abstract reasoning 
B)  tax accounting 
C)  communication skills 
D)  computer knowledge 
A)  abstract reasoning 
B)  tax accounting 
C)  communication skills 
D)  computer knowledge

Question 6

The increasing growth of social media is an example of how Moore's Law can impact the business environment.

Accepted Answer

A) True 
 B)False

Question 7

Porter's five forces model is also referred to as the value chain model.

Accepted Answer

A) True 
 B)False

Question 8

Value chains and linkages have led to the creation of integrated,cross-departmental business systems.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following appropriately justifies a company's decision to develop an information system?

Accepted Answer

A)  to project a modern and progressive image 
B)  to achieve organizational strategy 
C)  for the sake of exploring technology and being innovative 
D)  to avoid falling behind the technology curve 
A)  to project a modern and progressive image 
B)  to achieve organizational strategy 
C)  for the sake of exploring technology and being innovative 
D)  to avoid falling behind the technology curve

Question 10

________ determines the structure,features,and functions of every information system.

Accepted Answer

A)  Differentiation strategy 
B)  Competitive strategy 
C)  Organizational culture 
D)  Organizational objective 
A)  Differentiation strategy 
B)  Competitive strategy 
C)  Organizational culture 
D)  Organizational objective

Question 11

The central idea of a business process design is that organizations should automate or improve existing functional systems.

Accepted Answer

A) True 
 B)False

Question 12

Organizational strategy begins with an assessment of the fundamental characteristics and structure of an industry.

Accepted Answer

A) True 
 B)False

Question 13

A business with a differentiation strategy will add cost to an activity as long as the activity has a positive margin.

Accepted Answer

A) True 
 B)False

Question 14

A substitute performs different functions as an industry's products.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following support activities of a generic value chain deals with legal and government affairs?

Accepted Answer

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

Question 16

Information systems are typically acquired off-the-shelf in time of need.

Accepted Answer

A) True 
 B)False

Question 17

Manufacturing systems use linkages to reduce inventory costs.

Accepted Answer

A) True 
 B)False

Question 18

Business processes determine the scope and requirements of each organization's information systems.

Accepted Answer

A) True 
 B)False

Question 19

Low customer switching costs are a threat to new entrants in an established industry.

Accepted Answer

A) True 
 B)False

Question 20

According to Porter's model of business activities,________ are interactions across value activities.

Accepted Answer

A)  value-additions 
B)  linkages 
C)  support activities 
D)  margins 
A)  value-additions 
B)  linkages 
C)  support activities 
D)  margins

If a firm's competitive strategy is to be a cost leader,then business activities need to be developed to provide essential functions at the lowest possible cost.

Porter defined ________ as the amount of money that a customer is willing to pay for a resource,product,or service.

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

Which of the following statements regarding an information system is true?

Which of the following is a nonroutine cognitive skill that would provide one with job security?

The increasing growth of social media is an example of how Moore's Law can impact the business environment.

Porter's five forces model is also referred to as the value chain model.

Value chains and linkages have led to the creation of integrated,cross-departmental business systems.

Which of the following appropriately justifies a company's decision to develop an information system?

________ determines the structure,features,and functions of every information system.

The central idea of a business process design is that organizations should automate or improve existing functional systems.

Organizational strategy begins with an assessment of the fundamental characteristics and structure of an industry.

A business with a differentiation strategy will add cost to an activity as long as the activity has a positive margin.

A substitute performs different functions as an industry's products.

Which of the following support activities of a generic value chain deals with legal and government affairs?

Information systems are typically acquired off-the-shelf in time of need.

Manufacturing systems use linkages to reduce inventory costs.

Business processes determine the scope and requirements of each organization's information systems.

Low customer switching costs are a threat to new entrants in an established industry.

According to Porter's model of business activities,________ are interactions across value activities.

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

If a firm's competitive strategy is to be a cost leader,then business activities need to be developed to provide essential functions at the lowest possible cost.

Porter defined ________ as the amount of money that a customer is willing to pay for a resource,product,or service.

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

Which of the following statements regarding an information system is true?

Which of the following is a nonroutine cognitive skill that would provide one with job security?

The increasing growth of social media is an example of how Moore's Law can impact the business environment.

Porter's five forces model is also referred to as the value chain model.

Value chains and linkages have led to the creation of integrated,cross-departmental business systems.

Which of the following appropriately justifies a company's decision to develop an information system?

________ determines the structure,features,and functions of every information system.

The central idea of a business process design is that organizations should automate or improve existing functional systems.

Organizational strategy begins with an assessment of the fundamental characteristics and structure of an industry.

A business with a differentiation strategy will add cost to an activity as long as the activity has a positive margin.

A substitute performs different functions as an industry's products.

Which of the following support activities of a generic value chain deals with legal and government affairs?

Information systems are typically acquired off-the-shelf in time of need.

Manufacturing systems use linkages to reduce inventory costs.

Business processes determine the scope and requirements of each organization's information systems.

Low customer switching costs are a threat to new entrants in an established industry.

According to Porter's model of business activities,________ are interactions across value activities.

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