Question 1

Which of the following is considered a good?

Accepted Answer

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

Question 2

Which of the following is considered a good?

Accepted Answer

A) milk and eggs 
B) managing a team 
C) selling groceries 
D) All of these are correct. 
A) milk and eggs 
B) managing a team 
C) selling groceries 
D) All of these are correct.

Question 3

What are goods?

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 4

Cheryl is the operations manager for Nature's Bread Company, which specializes in providing natural products for health conscious individuals.Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of a piece of data Cheryl would be using to successfully perform her job?

Accepted Answer

A) Craig Newmark is customer number 15467. 
B) compare the costs of supplies including energy over the last five years to determine the best-selling product by month 
C) best-selling product by day 
D) Best-selling product changes when Tony the best baker is working. 
A) Craig Newmark is customer number 15467. 
B) compare the costs of supplies including energy over the last five years to determine the best-selling product by month 
C) best-selling product by day 
D) Best-selling product changes when Tony the best baker is working.

Question 5

The threat of substitute products or services refers to the power of competitors to enter a new market.

Accepted Answer

A) True 
 B)False

Question 6

The marketing department supports sales by planning, pricing, and promoting goods or services.

Accepted Answer

A) True 
 B)False

Question 7

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Information technology can enable departments to more efficiently and effectively perform their core _____________.

Accepted Answer

A) facts 
B) feedback mechanisms 
C) business operations 
D) media issues 
A) facts 
B) feedback mechanisms 
C) business operations 
D) media issues

Question 10

What is a standardized set of activities that accomplishes a specific task?

Accepted Answer

A) business strategy 
B) business outcome 
C) business process 
D) knowledge process 
A) business strategy 
B) business outcome 
C) business process 
D) knowledge process

Question 11

The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ___________.

Accepted Answer

A) feedback 
B) information 
C) competitive intelligence 
D) data 
A) feedback 
B) information 
C) competitive intelligence 
D) data

Question 12

Porter's Five Forces Model outlines the process for a sales strategy.

Accepted Answer

A) True 
 B)False

Question 13

The chief knowledge officer is responsible for collecting, maintaining, and distributing company knowledge.

Accepted Answer

A) True 
 B)False

Question 14

The chief privacy officer is responsible for ensuring the ethical and legal use of information within a company.

Accepted Answer

A) True 
 B)False

Question 15

Companies today are successful when they combine the power of the information age with traditional business methods.

Accepted Answer

A) True 
 B)False

Question 16

Who is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses?

Accepted Answer

A) Chief Knowledge Officer (CKO) 
B) Chief Security Office (CSO) 
C) Chief Technology Officer (CTO) 
D) Chief Information Officer (CIO) 
A) Chief Knowledge Officer (CKO) 
B) Chief Security Office (CSO) 
C) Chief Technology Officer (CTO) 
D) Chief Information Officer (CIO)

Question 17

Which data types are typically found in the accounting 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 18

_________ refers to devices that connect directly to other devices.

Accepted Answer

A) Internet of Things 
B) Predictive analytics 
C) Machine to machine 
D) Flat world 
A) Internet of Things 
B) Predictive analytics 
C) Machine to machine 
D) Flat world

Question 19

Which of the following represents procurement as part of the support value activities in a value chain analysis?

Accepted Answer

A) purchases inputs such as raw materials, resources, equipment and supplies 
B) applies MIS to processes to add value 
C) distributes goods and services to customers 
D) promotes, prices, and sells products to customers 
A) purchases inputs such as raw materials, resources, equipment and supplies 
B) applies MIS to processes to add value 
C) distributes goods and services to customers 
D) promotes, prices, and sells products to customers

Question 20

What are costs that make customers reluctant to switch to another product or service?

Accepted Answer

A) support activities 
B) switching costs 
C) loyalty rewards 
D) value chain activities 
A) support activities 
B) switching costs 
C) loyalty rewards 
D) value chain activities

Which of the following is considered a good?

Which of the following is considered a good?

What are goods?

The threat of substitute products or services refers to the power of competitors to enter a new market.

The marketing department supports sales by planning, pricing, and promoting goods or services.

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

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?

Information technology can enable departments to more efficiently and effectively perform their core _____________.

What is a standardized set of activities that accomplishes a specific task?

The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ___________.

Porter's Five Forces Model outlines the process for a sales strategy.

The chief knowledge officer is responsible for collecting, maintaining, and distributing company knowledge.

The chief privacy officer is responsible for ensuring the ethical and legal use of information within a company.

Companies today are successful when they combine the power of the information age with traditional business methods.

Who is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses?

Which data types are typically found in the accounting department?

_________ refers to devices that connect directly to other devices.

Which of the following represents procurement as part of the support value activities in a value chain analysis?

What are costs that make customers reluctant to switch to another product or service?

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 of the following is considered a good?

Which of the following is considered a good?

What are goods?

The threat of substitute products or services refers to the power of competitors to enter a new market.

The marketing department supports sales by planning, pricing, and promoting goods or services.

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

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?

Information technology can enable departments to more efficiently and effectively perform their core _____________.

What is a standardized set of activities that accomplishes a specific task?

The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ___________.

Porter's Five Forces Model outlines the process for a sales strategy.

The chief knowledge officer is responsible for collecting, maintaining, and distributing company knowledge.

The chief privacy officer is responsible for ensuring the ethical and legal use of information within a company.

Companies today are successful when they combine the power of the information age with traditional business methods.

Who is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses?

Which data types are typically found in the accounting department?

_________ refers to devices that connect directly to other devices.

Which of the following represents procurement as part of the support value activities in a value chain analysis?

What are costs that make customers reluctant to switch to another product or service?

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