Exam 1: Management Information Systems: Business Driven MIS

Business intelligence is information collected from multiple sources. Which of the following provides an example of a source that would be included in business intelligence?

In a SWOT analysis strengths and weaknesses originate inside an organization, or internally. Opportunities and threats originate outside an organization, or externally and cannot always be anticipated or controlled.

Which activities belong in the finance department?

The threat of substitute products or services refers to the power of customers to purchase alternatives.

What type of structured data includes input data, click-stream data, or gaming data?

What is big data?

Which of the following offers an example where Porter's five forces are mostly weak and competition is low?

According to Fast Company magazine, chief automation officer is a new executive level we might see created over the next decade. Which of the following includes the roles and responsibilities of this officer?

Which role within a company is responsible for overseeing all uses of MIS and ensuring that MIS strategic aligns with business goals and objectives?

In a SWOT analysis, which of the following could you discover as potential external opportunities (helpful)?

In a SWOT analysis potential internal weaknesses are harmful when they identify all key areas that require improvement. Weaknesses focus on the absence of certain strengths, including absence of an Internet marketing plan, damaged reputation, problem areas for service, outdated technology, employee issues, and so on.

The business decisions made by the finance department include promotion data, sales data, and advertising data.

MIS is a tool that is most valuable when it leverages the talents of people who know how to use and manage it effectively.

There are many different stakeholders found in an organization with common business interests. Depending on the stakeholder's perspective, the business strategy can change. Which of the following is not a main concern for shareholders/investors?

FedEx created a first-mover advantage by developing its customer self-service software, which allows people to request parcel pickups, print mailing slips, and track parcels online.

In a SWOT analysis potential external threats are harmful when they identify all threats or risks detrimental to your organization, including new market entrants, substitute products, employee turnover, differentiating products, shrinking markets, adverse changes in regulations, economic shifts, and so on.

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

Explain systems thinking and how management information systems enable business communications.

Managers use four common tools to analyze competitive intelligence and develop competitive advantages. Which of the following is not one of these tools?

If a business is following a focused strategy then its competitive scope is ________.