Question 1

Waiting tables, teaching, and cutting hair are all examples of services that people pay for to fulfill a need.

Accepted Answer

A) True 
 B)False

Question 2

The accounting and finance departments primarily use monetary data.

Accepted Answer

A) True 
 B)False

Question 3

Predictive analytics is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Accepted Answer

A) True 
 B)False

Question 4

Which activities belong in the marketing department?

Accepted Answer

A) records, measures, and reports monetary transactions 
B) tracks strategic financial issues, including money, banking, credit, investments, and assets 
C) supports sales by planning, pricing, and promoting goods or services is marketing 
D) relies on information from operations to understand inventory, place orders, and forecast consumer demand 
A) records, measures, and reports monetary transactions 
B) tracks strategic financial issues, including money, banking, credit, investments, and assets 
C) supports sales by planning, pricing, and promoting goods or services is marketing 
D) relies on information from operations to understand inventory, place orders, and forecast consumer demand

Question 5

When a company is the first to market with a competitive advantage, it gains a particular benefit known as competitive intelligence.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) goods 
B) services 
C) production 
D) productivity 
A) goods 
B) services 
C) production 
D) productivity

Question 7

MIS can add value to both primary and support activities within a business.Which of the following is not an example of a company adding value by the use of MIS in a support activity?

Accepted Answer

A) Netflix creating a business strategy for the video rental market that delivers videos via the mail 
B) the human resources department creates a tracking system to efficiently reward employees based on their performance 
C) Scottrade Corp.creating an online system for employees to track paychecks, benefits, wellness rewards program, and other employee benefit items 
D) the University of Forks creates a program to automatically order office supplies such as pens and pads of paper for its employees 
A) Netflix creating a business strategy for the video rental market that delivers videos via the mail 
B) the human resources department creates a tracking system to efficiently reward employees based on their performance 
C) Scottrade Corp.creating an online system for employees to track paychecks, benefits, wellness rewards program, and other employee benefit items 
D) the University of Forks creates a program to automatically order office supplies such as pens and pads of paper for its employees

Question 8

It is not uncommon to find stakeholders' business strategies have conflicting interests such as investors looking to increase profits by eliminating employee jobs.

Accepted Answer

A) True 
 B)False

Question 9

When analyzing Porter's three generic strategies for entering a market, if you have a focused strategy, what market should you target?

Accepted Answer

A) a niche market 
B) a broad market 
C) neither niche or broad markets 
D) both niche and broad markets 
A) a niche market 
B) a broad market 
C) neither niche or broad markets 
D) both niche and broad markets

Question 10

To combat business challenges, leaders communicate and execute business strategies, a term deriving from the Greek word stratus for army and ago for leading.

Accepted Answer

A) True 
 B)False

Question 11

Decreasing customer loyalty, increasing costs, and decreasing sales are all examples of business strategies.

Accepted Answer

A) True 
 B)False

Question 12

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a differentiation strategy?

Accepted Answer

A) Southwest, Horizon, Frontier, JetBlue 
B) British Airways, Singapore Airlines, Virgin Atlantic 
C) Sky Taxi - a rent by the hour personal plane service 
D) All of these are correct. 
A) Southwest, Horizon, Frontier, JetBlue 
B) British Airways, Singapore Airlines, Virgin Atlantic 
C) Sky Taxi - a rent by the hour personal plane service 
D) All of these are correct.

Question 13

Knowledge workers are individuals valued for their ability to mitigate risk and implement critical human resource rules and regulations.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following offers an example of a company operating in a narrow focused-market operating as the low-cost provider?

Accepted Answer

A) Walmart. 
B) Tiffany and Co. 
C) Neiman Marcus 
D) Payless Shoes 
A) Walmart. 
B) Tiffany and Co. 
C) Neiman Marcus 
D) Payless Shoes

Question 15

Which of the following is considered information?

Accepted Answer

A) quantity sold 
B) date sold 
C) best-selling item by month 
D) product sold 
A) quantity sold 
B) date sold 
C) best-selling item by month 
D) product sold

Question 16

When reviewing Porter's value chain analysis, which of the following provides customer support after the sale of goods and services?

Accepted Answer

A) inbound logistics 
B) outbound logistics 
C) operations 
D) service 
A) inbound logistics 
B) outbound logistics 
C) operations 
D) service

Question 17

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

Accepted Answer

A) information 
B) usiness Intelligence 
C) competitive Intelligence 
D) data 
A) information 
B) usiness Intelligence 
C) competitive Intelligence 
D) data

Question 18

What are tasks performed by people that customers will buy to satisfy a want or need?

Accepted Answer

A) goods 
B) services 
C) production 
D) productivity 
A) goods 
B) services 
C) production 
D) productivity

Question 19

Which of the following is considered a core driver of the information age?

Accepted Answer

A) fact 
B) goods 
C) competitive Intelligence 
D) data 
A) fact 
B) goods 
C) competitive Intelligence 
D) data

Question 20

Which of the following is an example of data?

Accepted Answer

A) Who are my best customers? 
B) What is my best-selling product? 
C) What is my worst-selling product? 
D) Who is customer number 12345XX? 
A) Who are my best customers? 
B) What is my best-selling product? 
C) What is my worst-selling product? 
D) Who is customer number 12345XX?

Waiting tables, teaching, and cutting hair are all examples of services that people pay for to fulfill a need.

The accounting and finance departments primarily use monetary data.

Predictive analytics is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Which activities belong in the marketing department?

When a company is the first to market with a competitive advantage, it gains a particular benefit known as competitive intelligence.

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

MIS can add value to both primary and support activities within a business.Which of the following is not an example of a company adding value by the use of MIS in a support activity?

It is not uncommon to find stakeholders' business strategies have conflicting interests such as investors looking to increase profits by eliminating employee jobs.

When analyzing Porter's three generic strategies for entering a market, if you have a focused strategy, what market should you target?

To combat business challenges, leaders communicate and execute business strategies, a term deriving from the Greek word stratus for army and ago for leading.

Decreasing customer loyalty, increasing costs, and decreasing sales are all examples of business strategies.

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a differentiation strategy?

Knowledge workers are individuals valued for their ability to mitigate risk and implement critical human resource rules and regulations.

Which of the following offers an example of a company operating in a narrow focused-market operating as the low-cost provider?

Which of the following is considered information?

When reviewing Porter's value chain analysis, which of the following provides customer support after the sale of goods and services?

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

What are tasks performed by people that customers will buy to satisfy a want or need?

Which of the following is considered a core driver of the information age?

Which of the following is an example of data?

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

Waiting tables, teaching, and cutting hair are all examples of services that people pay for to fulfill a need.

The accounting and finance departments primarily use monetary data.

Predictive analytics is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Which activities belong in the marketing department?

When a company is the first to market with a competitive advantage, it gains a particular benefit known as competitive intelligence.

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

MIS can add value to both primary and support activities within a business.Which of the following is not an example of a company adding value by the use of MIS in a support activity?

It is not uncommon to find stakeholders' business strategies have conflicting interests such as investors looking to increase profits by eliminating employee jobs.

When analyzing Porter's three generic strategies for entering a market, if you have a focused strategy, what market should you target?

To combat business challenges, leaders communicate and execute business strategies, a term deriving from the Greek word stratus for army and ago for leading.

Decreasing customer loyalty, increasing costs, and decreasing sales are all examples of business strategies.

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a differentiation strategy?

Knowledge workers are individuals valued for their ability to mitigate risk and implement critical human resource rules and regulations.

Which of the following offers an example of a company operating in a narrow focused-market operating as the low-cost provider?

Which of the following is considered information?

When reviewing Porter's value chain analysis, which of the following provides customer support after the sale of goods and services?

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

What are tasks performed by people that customers will buy to satisfy a want or need?

Which of the following is considered a core driver of the information age?

Which of the following is an example of data?

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