Question 1

Which of the following represents the types of data commonly found in the operations management department?

Accepted Answer

A) monetary data 
B) payroll data 
C) production data 
D) employee data 
A) monetary data 
B) payroll data 
C) production data 
D) employee data

Question 2

Demonstrate how a company can add value by using Porter's value chain analysis.

Accepted Answer

To identify competitive advantages, Mich

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is considered a service?

Accepted Answer

A) teaching 
B) waiting tables 
C) cutting hair 
D) All of these are correct. 
A) teaching 
B) waiting tables 
C) cutting hair 
D) All of these are correct.

Question 5

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

Accepted Answer

A) broad market 
B) narrow market 
C) broad range products 
D) broad range of services 
A) broad market 
B) narrow market 
C) broad range products 
D) broad range of services

Question 6

Which of the following is considered data?

Accepted Answer

A) quantity sold 
B) best customer by month 
C) best-selling item by month 
D) worst selling item by month 
A) quantity sold 
B) best customer by month 
C) best-selling item by month 
D) worst selling item by month

Question 7

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

Accepted Answer

A) True 
 B)False

Question 8

Sandy works as the Chief Knowledge Officer for Bend Lumbar Company.She has been given the responsibility to create a product or service that will bring an added value to its customers to increase the company's revenue.Sandy determines that the best value she can add is by creating a service that offers free next day shipping on any order over $50.Where in the value chain is Sandy adding value?

Accepted Answer

A) the primary value activity outbound logistics 
B) the primary value activity inbound logistics 
C) the primary value activity marketing and sales 
D) the primary value activity operations 
A) the primary value activity outbound logistics 
B) the primary value activity inbound logistics 
C) the primary value activity marketing and sales 
D) the primary value activity operations

Question 9

What is buyer power?

Accepted Answer

A) the ability of buyers to affect the price they must pay for an item 
B) the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services) 
C) high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market 
D) high when there are many alternatives to a product or service and low when there are few alternatives from which to choose 
A) the ability of buyers to affect the price they must pay for an item 
B) the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services) 
C) high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market 
D) high when there are many alternatives to a product or service and low when there are few alternatives from which to choose

Question 10

Which of the following is the key term that defines the confirmation or validation of an event or object?

Accepted Answer

A) buyer power 
B) data 
C) fact 
D) entry barrier 
A) buyer power 
B) data 
C) fact 
D) entry barrier

Question 11

Which of the following is not a technology company but used technology to revamp the business process of selling books?

Accepted Answer

A) Netflix 
B) Dell 
C) Zappos 
D) Amazon 
A) Netflix 
B) Dell 
C) Zappos 
D) Amazon

Question 12

Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod, iPhone, and iPad.What are these all examples of?

Accepted Answer

A) competitive advantage 
B) first-mover advantage 
C) All of these are correct. 
D) None of these are correct. 
A) competitive advantage 
B) first-mover advantage 
C) All of these are correct. 
D) None of these are correct.

Question 13

Greg works for Geneva Steel Corporation.Greg's duties include managing the overall processes for the company and transforming the steel resources into goods.Which department would Greg most likely work in?

Accepted Answer

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

Question 14

Which of the following is considered a service?

Accepted Answer

A) selling groceries 
B) managing a team 
C) cutting hair 
D) All of these are correct. 
A) selling groceries 
B) managing a team 
C) cutting hair 
D) All of these are correct.

Question 15

Inbound logistics and operations are part of the primary value activities.

Accepted Answer

A) True 
 B)False

Question 16

Trina works for Johnson Electric as a corporate lawyer, and part of her duties are to ensure the ethical and legal use of information within the company.Which of the following represents Trina's role at Johnson Electric?

Accepted Answer

A) Chief Knowledge Officer (CKO) 
B) Chief Privacy Officer (CPO) 
C) Chief Technology Officer (CTO) 
D) Chief Information Officer (CIO) 
A) Chief Knowledge Officer (CKO) 
B) Chief Privacy Officer (CPO) 
C) Chief Technology Officer (CTO) 
D) Chief Information Officer (CIO)

Question 17

MIS can be an important enabler of business success and innovation.Which of the below statements is accurate when referring to MIS?

Accepted Answer

A) MIS equals business success and innovation. 
B) MIS represents business success and innovation. 
C) MIS is not a valuable tool that leverages talent. 
D) MIS is a valuable tool that can leverage the talents of people who know how to use and manage it effectively. 
A) MIS equals business success and innovation. 
B) MIS represents business success and innovation. 
C) MIS is not a valuable tool that leverages talent. 
D) MIS is a valuable tool that can leverage the talents of people who know how to use and manage it effectively.

Question 18

For an organization to succeed, every department or functional area must work independently to be most effective.

Accepted Answer

A) True 
 B)False

Question 19

How are the majority of companies today typically organized?

Accepted Answer

A) by departments or functional areas 
B) by departments or financial areas 
C) by degree or financial areas 
D) by manager or knowledge area 
A) by departments or functional areas 
B) by departments or financial areas 
C) by degree or financial areas 
D) by manager or knowledge area

Question 20

Explain why competitive advantages are temporary.

Accepted Answer

A competitive advantage is a feature of

Which of the following represents the types of data commonly found in the operations management department?

Demonstrate how a company can add value by using Porter's value chain analysis.

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

Which of the following is considered a service?

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

Which of the following is considered data?

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

What is buyer power?

Which of the following is the key term that defines the confirmation or validation of an event or object?

Which of the following is not a technology company but used technology to revamp the business process of selling books?

Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod, iPhone, and iPad.What are these all examples of?

Greg works for Geneva Steel Corporation.Greg's duties include managing the overall processes for the company and transforming the steel resources into goods.Which department would Greg most likely work in?

Which of the following is considered a service?

Inbound logistics and operations are part of the primary value activities.

Trina works for Johnson Electric as a corporate lawyer, and part of her duties are to ensure the ethical and legal use of information within the company.Which of the following represents Trina's role at Johnson Electric?

MIS can be an important enabler of business success and innovation.Which of the below statements is accurate when referring to MIS?

For an organization to succeed, every department or functional area must work independently to be most effective.

How are the majority of companies today typically organized?

Explain why competitive advantages are temporary.

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 represents the types of data commonly found in the operations management department?

Demonstrate how a company can add value by using Porter's value chain analysis.

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

Which of the following is considered a service?

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

Which of the following is considered data?

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

What is buyer power?

Which of the following is the key term that defines the confirmation or validation of an event or object?

Which of the following is not a technology company but used technology to revamp the business process of selling books?

Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod, iPhone, and iPad.What are these all examples of?

Greg works for Geneva Steel Corporation.Greg's duties include managing the overall processes for the company and transforming the steel resources into goods.Which department would Greg most likely work in?

Which of the following is considered a service?

Inbound logistics and operations are part of the primary value activities.

Trina works for Johnson Electric as a corporate lawyer, and part of her duties are to ensure the ethical and legal use of information within the company.Which of the following represents Trina's role at Johnson Electric?

MIS can be an important enabler of business success and innovation.Which of the below statements is accurate when referring to MIS?

For an organization to succeed, every department or functional area must work independently to be most effective.

How are the majority of companies today typically organized?

Explain why competitive advantages are temporary.

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