Exam 1: The Importance of MIS

Explain the meaning of value chain linkages with the help of an example.

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

Which of the following is a support activity in the value chain that includes activities within the firm for developing new techniques,methods,and procedures?

Support activities in a value chain include the processes of finding vendors,setting up contractual arrangements,and negotiating prices.

Effective collaboration is all about being cordial to one's team members.

How does competitive strategy determine business processes and information systems?

Which of the following is not one of the four fundamental competitive strategies:

Because of Moore's Law,the cost of data processing,communications,and storage is essentially zero.

Explain why experimentation can contribute to an organization's success

What are the primary activities in the value chain?

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

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

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

The difference between the total value added and the total costs incurred is called the ________ of the value chain.

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

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

Experimentation increases the fear of failure.

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

Ellen is the marketing manager of Qtopia Inc.She often develops ideas and plans with the help of her colleagues,and provides and receives critical feedback.According to Reich's four critical skills,Ellen is displaying ________ skills.