Question 1

What are services?

Accepted Answer

A) Material items or products that customers will buy to satisfy a want or need. 
B) Tasks performed by people that customers will buy to satisfy a want or need. 
C) The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services. 
D) The rate at which goods and services are produced based upon total output given total inputs. 
A) Material items or products that customers will buy to satisfy a want or need. 
B) Tasks performed by people that customers will buy to satisfy a want or need. 
C) The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services. 
D) The rate at which goods and services are produced based upon total output given total inputs.

Question 2

What is data converted into a meaningful and useful context?

Accepted Answer

A) Competitive intelligence. 
B) Information. 
C) Buyer power. 
D) First-mover advantage. 
A) Competitive intelligence. 
B) Information. 
C) Buyer power. 
D) First-mover advantage.

Question 3

The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer.

Accepted Answer

A) True 
 B)False

Question 4

The business decisions made by the accounting department include manufacturing data, distribution data, and production data.

Accepted Answer

A) True 
 B)False

Question 5

A dynamic report can include updating daily stock market prices or the calculation of available inventory.

Accepted Answer

A) True 
 B)False

Question 6

What are descriptive analytics?

Accepted Answer

A) The scientific process of transforming data into insight for making better decisions. 
B) Uses techniques that describe past performance and history. 
C) Uses techniques that extract information from data and use it to predict future trends and identify behavioral patterns. 
D) Uses techniques that create models indicating the best decision to make or course of action to take. 
A) The scientific process of transforming data into insight for making better decisions. 
B) Uses techniques that describe past performance and history. 
C) Uses techniques that extract information from data and use it to predict future trends and identify behavioral patterns. 
D) Uses techniques that create models indicating the best decision to make or course of action to take.

Question 7

MIS is a business function. Which of the following does MIS perform to help aid the company in decision making and problem solving?

Accepted Answer

A) Moves information about people. 
B) Moves processes across the company to improve systems. 
C) Moves information about products. 
D) All of the above. 
A) Moves information about people. 
B) Moves processes across the company to improve systems. 
C) Moves information about products. 
D) All of the above.

Question 8

Which of the following represents the core drives of the information age?

Accepted Answer

A) Data, Information, Business Intelligence, Knowledge. 
B) Fact, Data, Intelligence, Experience. 
C) Fact, Intelligence, Business Skills, Knowledge. 
D) Data, Intelligence, Business Information, Knowledge. 
A) Data, Information, Business Intelligence, Knowledge. 
B) Fact, Data, Intelligence, Experience. 
C) Fact, Intelligence, Business Skills, Knowledge. 
D) Data, Intelligence, Business Information, Knowledge.

Question 9

Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter's three generic strategies. Which of the following companies are using a differentiation strategy?

Accepted Answer

A) Southwest, Horizon, Frontier, JetBlue. 
B) British Airways, Singapore Airlines, Virgin Atlantic. 
C) Sky Taxi - a rent by the hour personal plane service. 
D) All of the above. 
A) Southwest, Horizon, Frontier, JetBlue. 
B) British Airways, Singapore Airlines, Virgin Atlantic. 
C) Sky Taxi - a rent by the hour personal plane service. 
D) All of the above.

Question 10

Recently, 150 of the Fortune 500 companies added this position to their list of senior executives.

Accepted Answer

A) Chief technology officer (CTO). 
B) Chief data officer (CDO). 
C) Chief privacy officer (CPO). 
D) Chief knowledge officer (CKO). 
A) Chief technology officer (CTO). 
B) Chief data officer (CDO). 
C) Chief privacy officer (CPO). 
D) Chief knowledge officer (CKO).

Question 11

Buyer power is the ability of buyers to affect the price they must pay for an item.

Accepted Answer

A) True 
 B)False

Question 12

Today's workers are referred to as ________ and they use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company.

Accepted Answer

A) Knowledge workers 
B) Knowledge thinkers 
C) Knowledge resources 
D) Knowledge players 
A) Knowledge workers 
B) Knowledge thinkers 
C) Knowledge resources 
D) Knowledge players

Question 13

Who is responsible for collecting, maintaining, and distributing company knowledge?

Accepted Answer

A) Chief data officer (CDO). 
B) Chief security officer (CSO). 
C) Chief privacy officer (CPO). 
D) Chief knowledge officer (CKO). 
A) Chief data officer (CDO). 
B) Chief security officer (CSO). 
C) Chief privacy officer (CPO). 
D) Chief knowledge officer (CKO).

Question 14

Predictive analytics use techniques that create models indicating the best decision to make or course of action to take.

Accepted Answer

A) True 
 B)False

Question 15

Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's five forces model. Which of the following represents supplier power in the soft drink industry?

Accepted Answer

A) Pepsi requires stores that carry Pepsi products to commit to minimum orders of 1,000 cases. 
B) Walmart negotiates a lower cost per bottle from Coke in exchange for premium shelf space in every Walmart store. 
C) Zevia Natural Diet Soda begins selling directly over the Internet. 
D) Vitamin water, fruit juice, coffee. 
A) Pepsi requires stores that carry Pepsi products to commit to minimum orders of 1,000 cases. 
B) Walmart negotiates a lower cost per bottle from Coke in exchange for premium shelf space in every Walmart store. 
C) Zevia Natural Diet Soda begins selling directly over the Internet. 
D) Vitamin water, fruit juice, coffee.

Question 16

John Cleaver is the CEO of Tech World, which is a retail store that sells computers, monitors, cameras, televisions and many other electronic products. John and his executive team are meeting to brainstorm new ideas on how to grow the business. One idea is to mimic a competitor's product that is attempting to sell a new product in a different industry. After performing a Porter's Five Forces analysis John determines that all of the forces are high in this new industry. What should John do?

Accepted Answer

A) Explode into the market with an overflow of the product. 
B) Contemplate other products to introduce at the same time in this new market. 
C) Compare the competitor's prices and offer his product lower in this new market. 
D) Not introduce the product because all five forces are strong and this would be a highly risky business strategy. 
A) Explode into the market with an overflow of the product. 
B) Contemplate other products to introduce at the same time in this new market. 
C) Compare the competitor's prices and offer his product lower in this new market. 
D) Not introduce the product because all five forces are strong and this would be a highly risky business strategy.

Question 17

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for the government?

Accepted Answer

A) Maximize profits. 
B) Adhere to regulations/laws. 
C) Exceptional customer service. 
D) Reliable contracts. 
A) Maximize profits. 
B) Adhere to regulations/laws. 
C) Exceptional customer service. 
D) Reliable contracts.

Question 18

Which of the following provides an example of data?

Accepted Answer

A) Who are my best customers? 
B) What is my best-selling product? 
C) What is my worst-selling product? 
D) Who is customer number 12345XX? 
A) Who are my best customers? 
B) What is my best-selling product? 
C) What is my worst-selling product? 
D) Who is customer number 12345XX?

Question 19

What is a way of monitoring the entire system in a company, by viewing the multiple inputs being processed to produce outputs?

Accepted Answer

A) Feedback thinking. 
B) Systems thinking. 
C) Output management. 
D) Operational thinking. 
A) Feedback thinking. 
B) Systems thinking. 
C) Output management. 
D) Operational thinking.

Question 20

Which group of stakeholder's primary interests include fair compensation, job security, and ethical conduct/treatment?

Accepted Answer

A) Employees 
B) Shareholders/Investors 
C) Community 
D) Customers 
A) Employees 
B) Shareholders/Investors 
C) Community 
D) Customers

What are services?

What is data converted into a meaningful and useful context?

The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer.

The business decisions made by the accounting department include manufacturing data, distribution data, and production data.

A dynamic report can include updating daily stock market prices or the calculation of available inventory.

What are descriptive analytics?

MIS is a business function. Which of the following does MIS perform to help aid the company in decision making and problem solving?

Which of the following represents the core drives of the information age?

Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter's three generic strategies. Which of the following companies are using a differentiation strategy?

Recently, 150 of the Fortune 500 companies added this position to their list of senior executives.

Buyer power is the ability of buyers to affect the price they must pay for an item.

Today's workers are referred to as ________ and they use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company.

Who is responsible for collecting, maintaining, and distributing company knowledge?

Predictive analytics use techniques that create models indicating the best decision to make or course of action to take.

Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's five forces model. Which of the following represents supplier power in the soft drink industry?

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for the government?

Which of the following provides an example of data?

What is a way of monitoring the entire system in a company, by viewing the multiple inputs being processed to produce outputs?

Which group of stakeholder's primary interests include fair compensation, job security, and ethical conduct/treatment?

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 are services?

What is data converted into a meaningful and useful context?

The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer.

The business decisions made by the accounting department include manufacturing data, distribution data, and production data.

A dynamic report can include updating daily stock market prices or the calculation of available inventory.

What are descriptive analytics?

MIS is a business function. Which of the following does MIS perform to help aid the company in decision making and problem solving?

Which of the following represents the core drives of the information age?

Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter's three generic strategies. Which of the following companies are using a differentiation strategy?

Recently, 150 of the Fortune 500 companies added this position to their list of senior executives.

Buyer power is the ability of buyers to affect the price they must pay for an item.

Today's workers are referred to as ________ and they use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company.

Who is responsible for collecting, maintaining, and distributing company knowledge?

Predictive analytics use techniques that create models indicating the best decision to make or course of action to take.

Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's five forces model. Which of the following represents supplier power in the soft drink industry?

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for the government?

Which of the following provides an example of data?

What is a way of monitoring the entire system in a company, by viewing the multiple inputs being processed to produce outputs?

Which group of stakeholder's primary interests include fair compensation, job security, and ethical conduct/treatment?

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