Question 1

Value chain analysis views a firm as a series of business processes that each adds value to the product or service.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following represents a reason why competitive advantages are typically temporary?

Accepted Answer

A) The competitor will hire away your key employees. 
B) The competitor quickly seeks ways to duplicate your business operations. 
C) The competitor will purchase new technology. 
D) All of these are correct. 
A) The competitor will hire away your key employees. 
B) The competitor quickly seeks ways to duplicate your business operations. 
C) The competitor will purchase new technology. 
D) All of these are correct.

Question 3

What is the primary responsibility of the CTO?

Accepted Answer

A) overseeing all uses of MIS 
B) ensuring the security of business systems 
C) ensuring speed, accuracy, and reliability for MIS 
D) collecting and distributing company information 
A) overseeing all uses of MIS 
B) ensuring the security of business systems 
C) ensuring speed, accuracy, and reliability for MIS 
D) collecting and distributing company information

Question 4

Productivity is the rate at which goods and services are produced based upon total output given total inputs.

Accepted Answer

A) True 
 B)False

Question 5

If you were thinking about a home theater system, which of the following represents the outputs?

Accepted Answer

A) the DVD player, DVD movie, speakers, TV, and electricity 
B) playing the movie including the audio through the speakers and the video on the TV 
C) a message stating that the disk is dirty and cannot be played 
D) spinning the disk to play, pause, rewind, or fast forward 
A) the DVD player, DVD movie, speakers, TV, and electricity 
B) playing the movie including the audio through the speakers and the video on the TV 
C) a message stating that the disk is dirty and cannot be played 
D) spinning the disk to play, pause, rewind, or fast forward

Question 6

What is information?

Accepted Answer

A) raw facts that describe the characteristics of an event or object 
B) data converted into a meaningful and useful context 
C) information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making 
D) skills, experience, and expertise, coupled with information and intelligence that creates a person's intellectual resources 
A) raw facts that describe the characteristics of an event or object 
B) data converted into a meaningful and useful context 
C) information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making 
D) skills, experience, and expertise, coupled with information and intelligence that creates a person's intellectual resources

Question 7

Which of the following is not a core driver of the information age?

Accepted Answer

A) information 
B) knowledge 
C) Internet of Things 
D) data 
A) information 
B) knowledge 
C) Internet of Things 
D) data

Question 8

Which activities belong in the operations management department?

Accepted Answer

A) records, measures, and reports monetary transactions 
B) manages the process of converting or transforming resources into goods or services 
C) supports the sales by planning, pricing, and promoting goods or services is marketing 
D) maintains policies, plans, and procedures for the effective management of employees 
A) records, measures, and reports monetary transactions 
B) manages the process of converting or transforming resources into goods or services 
C) supports the sales by planning, pricing, and promoting goods or services is marketing 
D) maintains policies, plans, and procedures for the effective management of employees

Question 9

Lettuce, tomatoes, patty, bun, and ketchup are included in the output of making a hamburger.

Accepted Answer

A) True 
 B)False

Question 10

Describe the information age and the differences between data, information, business intelligence, and knowledge.

Accepted Answer

We live in the information age, when inf

Question 11

What is the Internet of Things?

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 12

Your boss has asked you to analyze the soft drink industry using Porter's five forces model.Which of the following represents buyer 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) Coke and Pepsi submit bids to the owner of a football stadium for the exclusive sale of their products during games. 
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) Coke and Pepsi submit bids to the owner of a football stadium for the exclusive sale of their products during games.

Question 13

Which group of stakeholder's primary interests include adhering to regulations/laws, increasing employment, and ethical taxation reporting?

Accepted Answer

A) partners/suppliers 
B) shareholders/investors 
C) community 
D) government 
A) partners/suppliers 
B) shareholders/investors 
C) community 
D) government

Question 14

According to Porter, companies that wish to dominate broad markets should operate using a ________ strategy.

Accepted Answer

A) cost leadership with a low cost 
B) differentiation with a low cost 
C) cost leadership with a high cost 
D) All of these are correct. 
A) cost leadership with a low cost 
B) differentiation with a low cost 
C) cost leadership with a high cost 
D) All of these are correct.

Question 15

An overview of systems thinking includes input, process, output, and finances.

Accepted Answer

A) True 
 B)False

Question 16

Your boss 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 17

Where would you categorize opportunities in a SWOT analysis?

Accepted Answer

A) internal, helpful 
B) internal, harmful 
C) external, helpful 
D) external, harmful 
A) internal, helpful 
B) internal, harmful 
C) external, helpful 
D) external, harmful

Question 18

Information is data converted into useful, meaningful context.What are data characteristics that change or vary over time?

Accepted Answer

A) facts 
B) variables 
C) supplies 
D) services 
A) facts 
B) variables 
C) supplies 
D) services

Question 19

The finance department performs the function of selling goods or services.

Accepted Answer

A) True 
 B)False

Question 20

The Victory Wireless store in Denver is currently offering a fabulous marketing strategy for potential new iPhone customers.Victory Wireless offers customers who purchase an iPhone with a 2-year subscription a free Otter phone case, car charger, earphones, and speakers.In terms of Porter's Five Forces, what is Victory Wireless attempting to achieve with this marketing strategy?

Accepted Answer

A) increase buyer power 
B) increase substitute products 
C) decrease supplier power 
D) decrease buyer power 
A) increase buyer power 
B) increase substitute products 
C) decrease supplier power 
D) decrease buyer power

Value chain analysis views a firm as a series of business processes that each adds value to the product or service.

Which of the following represents a reason why competitive advantages are typically temporary?

What is the primary responsibility of the CTO?

Productivity is the rate at which goods and services are produced based upon total output given total inputs.

If you were thinking about a home theater system, which of the following represents the outputs?

What is information?

Which of the following is not a core driver of the information age?

Which activities belong in the operations management department?

Lettuce, tomatoes, patty, bun, and ketchup are included in the output of making a hamburger.

Describe the information age and the differences between data, information, business intelligence, and knowledge.

What is the Internet of Things?

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

Which group of stakeholder's primary interests include adhering to regulations/laws, increasing employment, and ethical taxation reporting?

According to Porter, companies that wish to dominate broad markets should operate using a ________ strategy.

An overview of systems thinking includes input, process, output, and finances.

Your boss 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?

Where would you categorize opportunities in a SWOT analysis?

Information is data converted into useful, meaningful context.What are data characteristics that change or vary over time?

The finance department performs the function of selling 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

Value chain analysis views a firm as a series of business processes that each adds value to the product or service.

Which of the following represents a reason why competitive advantages are typically temporary?

What is the primary responsibility of the CTO?

Productivity is the rate at which goods and services are produced based upon total output given total inputs.

If you were thinking about a home theater system, which of the following represents the outputs?

What is information?

Which of the following is not a core driver of the information age?

Which activities belong in the operations management department?

Lettuce, tomatoes, patty, bun, and ketchup are included in the output of making a hamburger.

Describe the information age and the differences between data, information, business intelligence, and knowledge.

What is the Internet of Things?

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

Which group of stakeholder's primary interests include adhering to regulations/laws, increasing employment, and ethical taxation reporting?

According to Porter, companies that wish to dominate broad markets should operate using a ________ strategy.

An overview of systems thinking includes input, process, output, and finances.

Your boss 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?

Where would you categorize opportunities in a SWOT analysis?

Information is data converted into useful, meaningful context.What are data characteristics that change or vary over time?

The finance department performs the function of selling 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