Question 1

Which data types are typically found in the sales department?

Accepted Answer

A) sales data, customer data, commission data, and customer support data 
B) employee data, promotion data, vacation data 
C) investment data, monetary data, reporting data 
D) transactional data, purchasing data, payroll data, tax data 
A) sales data, customer data, commission data, and customer support data 
B) employee data, promotion data, vacation data 
C) investment data, monetary data, reporting data 
D) transactional data, purchasing data, payroll data, tax data A

Question 2

Which of the following represents the department that maintains policies, plans, and procedures for the effective management of employees?

Accepted Answer

A) human resources 
B) sales 
C) employee resources 
D) employee relations 
A) human resources 
B) sales 
C) employee resources 
D) employee relations A

Question 3

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).

Accepted Answer

A) True 
 B)False  True

Question 4

The department within a company that supports the sales by planning, pricing, and promoting goods or services is called ___________.

Accepted Answer

A) sales 
B) operations management 
C) accounting 
D) marketing 
A) sales 
B) operations management 
C) accounting 
D) marketing

Question 5

The business decisions made by the human resources department include employee data, promotion data, and vacation data.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is considered a service?

Accepted Answer

A) cars 
B) groceries 
C) cutting hair 
D) All of these are correct. 
A) cars 
B) groceries 
C) cutting hair 
D) All of these are correct.

Question 7

A SWOT analysis evaluates an organization's strengths, worries, opportunities, and technologies to identify significant influences that work for or against business strategies.

Accepted Answer

A) True 
 B)False

Question 8

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

Accepted Answer

A) True 
 B)False

Question 9

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.

Accepted Answer

A) True 
 B)False

Question 10

Which data types are typically found in the marketing department?

Accepted Answer

A) promotion data, sales data, advertising data 
B) employee data, promotion data, vacation data 
C) investment data, monetary data, reporting data 
D) transactional data, purchasing data, payroll data, tax data 
A) promotion data, sales data, advertising data 
B) employee data, promotion data, vacation data 
C) investment data, monetary data, reporting data 
D) transactional data, purchasing data, payroll data, tax data

Question 11

What is one of the most common ways a company can decrease supplier power?

Accepted Answer

A) charge lower prices 
B) charge higher prices 
C) use MIS to find and create alternative products 
D) Companies cannot impact supplier power. 
A) charge lower prices 
B) charge higher prices 
C) use MIS to find and create alternative products 
D) Companies cannot impact supplier power.

Question 12

A variable is a business intelligence characteristic that stands for a value that cannot change over time.

Accepted Answer

A) True 
 B)False

Question 13

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.

Accepted Answer

A) True 
 B)False

Question 14

Broad differentiation, broad cost leadership, and _________ create the three generic strategies identified by Porter.

Accepted Answer

A) narrow market leadership 
B) high cost versus low cost 
C) focused strategy 
D) None of these are correct. 
A) narrow market leadership 
B) high cost versus low cost 
C) focused strategy 
D) None of these are correct.

Question 15

Attracting new customers, decreasing costs, and entering new markets are all examples of successful business strategies.

Accepted Answer

A) True 
 B)False

Question 16

What is predictive analytics?

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 17

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 18

A primary value activity is a standardized set of activities that accomplish a specific task, such as processing a customer's order.

Accepted Answer

A) True 
 B)False

Question 19

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 20

Production is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Accepted Answer

A) True 
 B)False

Which data types are typically found in the sales department?

Which of the following represents the department that maintains policies, plans, and procedures for the effective management of employees?

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).

The department within a company that supports the sales by planning, pricing, and promoting goods or services is called ___________.

The business decisions made by the human resources department include employee data, promotion data, and vacation data.

Which of the following is considered a service?

A SWOT analysis evaluates an organization's strengths, worries, opportunities, and technologies to identify significant influences that work for or against business strategies.

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

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.

Which data types are typically found in the marketing department?

What is one of the most common ways a company can decrease supplier power?

A variable is a business intelligence characteristic that stands for a value that cannot change over time.

Broad differentiation, broad cost leadership, and _________ create the three generic strategies identified by Porter.

Attracting new customers, decreasing costs, and entering new markets are all examples of successful business strategies.

What is predictive analytics?

What is machine to machine?

A primary value activity is a standardized set of activities that accomplish a specific task, such as processing a customer's order.

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?

Production is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Decisions and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: Mis Business Concerns: Module 2: Technical Foundations of MIS

Infrastructures: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business: Module 3: Enterprise MIS

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporateresponsibility

Hardware and Software Basics

Networks and Telecommunications

Designing Data-Bases-Apply Your Knowledge-Glossary

Filters

Exam 1: Management Information Systems: Business Driven MIS

Which data types are typically found in the sales department?

Which of the following represents the department that maintains policies, plans, and procedures for the effective management of employees?

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).

The department within a company that supports the sales by planning, pricing, and promoting goods or services is called ___________.

The business decisions made by the human resources department include employee data, promotion data, and vacation data.

Which of the following is considered a service?

A SWOT analysis evaluates an organization's strengths, worries, opportunities, and technologies to identify significant influences that work for or against business strategies.

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

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.

Which data types are typically found in the marketing department?

What is one of the most common ways a company can decrease supplier power?

A variable is a business intelligence characteristic that stands for a value that cannot change over time.

Broad differentiation, broad cost leadership, and _________ create the three generic strategies identified by Porter.

Attracting new customers, decreasing costs, and entering new markets are all examples of successful business strategies.

What is predictive analytics?

What is machine to machine?

A primary value activity is a standardized set of activities that accomplish a specific task, such as processing a customer's order.

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?

Production is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Decisions and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: Mis Business Concerns: Module 2: Technical Foundations of MIS

Infrastructures: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business: Module 3: Enterprise MIS

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporateresponsibility

Hardware and Software Basics

Networks and Telecommunications

Designing Data-Bases-Apply Your Knowledge-Glossary

Filters