Question 1

What is machine to machine?

Accepted Answer

A) A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. 
B) Extracts information from data and uses it to predict future trends and identify behavioral patterns. 
C) Refers to devices that connect directly to other devices. 
D) Opportunities to change the way people purchase books. 
A) A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. 
B) Extracts information from data and uses it to predict future trends and identify behavioral patterns. 
C) Refers to devices that connect directly to other devices. 
D) Opportunities to change the way people purchase books.

Question 2

Which activities belong in the marketing department?

Accepted Answer

A) Records, measures, and reports monetary transactions. 
B) Tracks strategic financial issues, including money, banking, credit, investments, and assets. 
C) Supports the sales by planning, pricing, and promoting goods or services is marketing. 
D) Relies on information from operations to understand inventory, place orders, and forecast consumer demand. 
A) Records, measures, and reports monetary transactions. 
B) Tracks strategic financial issues, including money, banking, credit, investments, and assets. 
C) Supports the sales by planning, pricing, and promoting goods or services is marketing. 
D) Relies on information from operations to understand inventory, place orders, and forecast consumer demand.

Question 3

If a supplier has high power what can it do to influence its industry?

Accepted Answer

A) Charge higher prices. 
B) Shift costs to industry participants. 
C) Limit quality or services. 
D) All of the above. 
A) Charge higher prices. 
B) Shift costs to industry participants. 
C) Limit quality or services. 
D) All of the above.

Question 4

Which of the following includes the roles and responsibilities of the CSO?

Accepted Answer

A) Ensuring the speed, accuracy, availability, and reliability of the MIS. 
B) Ensuring the ethical and legal use of information within a company. 
C) Ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses. 
D) Ensuring that MIS strategically aligns with business goals and objectives. 
A) Ensuring the speed, accuracy, availability, and reliability of the MIS. 
B) Ensuring the ethical and legal use of information within a company. 
C) Ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses. 
D) Ensuring that MIS strategically aligns with business goals and objectives.

Question 5

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Accepted Answer

A) True 
 B)False

Question 6

Firm infrastructure and human resource management are part of the support value activities.

Accepted Answer

A) True 
 B)False

Question 7

Knowledge assets reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

Accepted Answer

A) True 
 B)False

Question 8

What is the Internet of Things?

Accepted Answer

A) A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. 
B) Extracts information from data and uses it to predict future trends and identify behavioral patterns. 
C) Refers to devices that connect directly to other devices. 
D) Opportunities to change the way people purchase books. 
A) A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. 
B) Extracts information from data and uses it to predict future trends and identify behavioral patterns. 
C) Refers to devices that connect directly to other devices. 
D) Opportunities to change the way people purchase books.

Question 9

What is the rate at which goods and services are produced based upon total output given total inputs?

Accepted Answer

A) Goods 
B) Services 
C) Production 
D) Productivity 
A) Goods 
B) Services 
C) Production 
D) Productivity

Question 10

Which one of Porter's five forces is high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market?

Accepted Answer

A) Threat of new entrants. 
B) Threat of substitute products or services. 
C) Threat of buyer power. 
D) Supply chain competition. 
A) Threat of new entrants. 
B) Threat of substitute products or services. 
C) Threat of buyer power. 
D) Supply chain competition.

Question 11

Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable. Tony will set the strategic direction for his firm, which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments.

Accepted Answer

A) True 
 B)False

Question 12

Cars, groceries, and clothing belong in which category?

Accepted Answer

A) Goods 
B) Services 
C) Production 
D) Productivity 
A) Goods 
B) Services 
C) Production 
D) Productivity

Question 13

In terms of system thinking, what controls to ensure correct processes?

Accepted Answer

A) Input. 
B) Output. 
C) Process 
D) Feedback 
A) Input. 
B) Output. 
C) Process 
D) Feedback

Question 14

What is a person or group that has an interest or concern in an organization?

Accepted Answer

A) Stakeholder 
B) Business strategy 
C) Supplier 
D) Partner 
A) Stakeholder 
B) Business strategy 
C) Supplier 
D) Partner

Question 15

MIS can add value to both primary activities and support activities in the value chain. Which of the following is not an example of a company adding value by the use of MIS in a primary activity?

Accepted Answer

A) Scottrade Corp. creating an online system for employees to track paychecks, benefits, wellness rewards program, and other employee benefit items. 
B) A system for the sales and marketing departments to track specific sales targets and follow up processes. 
C) An easy electronic survey, similar to the survey monkey, to be sent to the customer right after a service was completed. 
D) Royal Crest Dairy using their custom order and delivery system through an easily accessible Web portal for the customer to track delivery status. 
A) Scottrade Corp. creating an online system for employees to track paychecks, benefits, wellness rewards program, and other employee benefit items. 
B) A system for the sales and marketing departments to track specific sales targets and follow up processes. 
C) An easy electronic survey, similar to the survey monkey, to be sent to the customer right after a service was completed. 
D) Royal Crest Dairy using their custom order and delivery system through an easily accessible Web portal for the customer to track delivery status.

Question 16

Cooking a patty and putting the ingredients together are included in which category of making a hamburger?

Accepted Answer

A) Input 
B) Process 
C) Output 
D) All of the above 
A) Input 
B) Process 
C) Output 
D) All of the above

Question 17

What is the scientific process of transforming data into insight for making better decisions?

Accepted Answer

A) Business analytics. 
B) Descriptive analytics. 
C) Prescriptive analytics. 
D) Predictive analytics. 
A) Business analytics. 
B) Descriptive analytics. 
C) Prescriptive analytics. 
D) Predictive analytics.

Question 18

Assume you are in the business of producing and selling t-shirts. If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

Accepted Answer

A) Increase in productivity, decrease in profits 
B) Increase in productivity, increase in profits 
C) Decrease in productivity, decrease in profits 
D) Decrease in productivity, increase in profits 
A) Increase in productivity, decrease in profits 
B) Increase in productivity, increase in profits 
C) Decrease in productivity, decrease in profits 
D) Decrease in productivity, increase in profits

Question 19

Which of the below is similar to focused strategy versus broad strategy?

Accepted Answer

A) Large market versus leadership. 
B) Large market versus uniqueness. 
C) Niche market versus large market. 
D) Niche market versus generic. 
A) Large market versus leadership. 
B) Large market versus uniqueness. 
C) Niche market versus large market. 
D) Niche market versus generic.

Question 20

Assume you are in the business of producing and selling hamburgers. If you could produce more hamburgers with the same input what would happen to your productivity and profits assuming the price of your hamburgers remains the same?

Accepted Answer

A) Increase in productivity, decrease in profits 
B) Increase in productivity, increase in profits 
C) Decrease in productivity, decrease in profits 
D) Decrease in productivity, increase in profits 
A) Increase in productivity, decrease in profits 
B) Increase in productivity, increase in profits 
C) Decrease in productivity, decrease in profits 
D) Decrease in productivity, increase in profits

What is machine to machine?

Which activities belong in the marketing department?

If a supplier has high power what can it do to influence its industry?

Which of the following includes the roles and responsibilities of the CSO?

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Firm infrastructure and human resource management are part of the support value activities.

Knowledge assets reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

What is the Internet of Things?

What is the rate at which goods and services are produced based upon total output given total inputs?

Which one of Porter's five forces is high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market?

Cars, groceries, and clothing belong in which category?

In terms of system thinking, what controls to ensure correct processes?

What is a person or group that has an interest or concern in an organization?

MIS can add value to both primary activities and support activities in the value chain. Which of the following is not an example of a company adding value by the use of MIS in a primary activity?

Cooking a patty and putting the ingredients together are included in which category of making a hamburger?

What is the scientific process of transforming data into insight for making better decisions?

Assume you are in the business of producing and selling t-shirts. If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

Which of the below is similar to focused strategy versus broad strategy?

Assume you are in the business of producing and selling hamburgers. If you could produce more hamburgers with the same input what would happen to your productivity and profits assuming the price of your hamburgers remains the same?

Decisions and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: MIS Business Concerns

Infrastructures: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporate Responsibility

Hardware and Software Basics

Networks and Telecommunications

Designing Databases

Emerging Trends and Technologies

Filters

Exam 1: Management Information Systems: Business Driven MIS

What is machine to machine?

Which activities belong in the marketing department?

If a supplier has high power what can it do to influence its industry?

Which of the following includes the roles and responsibilities of the CSO?

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Firm infrastructure and human resource management are part of the support value activities.

Knowledge assets reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

What is the Internet of Things?

What is the rate at which goods and services are produced based upon total output given total inputs?

Which one of Porter's five forces is high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market?

Cars, groceries, and clothing belong in which category?

In terms of system thinking, what controls to ensure correct processes?

What is a person or group that has an interest or concern in an organization?

MIS can add value to both primary activities and support activities in the value chain. Which of the following is not an example of a company adding value by the use of MIS in a primary activity?

Cooking a patty and putting the ingredients together are included in which category of making a hamburger?

What is the scientific process of transforming data into insight for making better decisions?

Assume you are in the business of producing and selling t-shirts. If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

Which of the below is similar to focused strategy versus broad strategy?

Assume you are in the business of producing and selling hamburgers. If you could produce more hamburgers with the same input what would happen to your productivity and profits assuming the price of your hamburgers remains the same?

Decisions and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: MIS Business Concerns

Infrastructures: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporate Responsibility

Hardware and Software Basics

Networks and Telecommunications

Designing Databases

Emerging Trends and Technologies

Filters