Question 1

What is a competitive advantage?

Accepted Answer

A) A product that an organization's customers place a lesser value on than similar offerings from a competitor. 
B) A feature of a product or service on which customers place a lesser value than they do on similar offerings from a supplier. 
C) A service that an organization's customers place a lesser value on than similar offerings from a supplier. 
D) A feature of a product or service on which customers place a greater value than they do on similar offerings from competitors. 
A) A product that an organization's customers place a lesser value on than similar offerings from a competitor. 
B) A feature of a product or service on which customers place a lesser value than they do on similar offerings from a supplier. 
C) A service that an organization's customers place a lesser value on than similar offerings from a supplier. 
D) A feature of a product or service on which customers place a greater value than they do on similar offerings from competitors.

Question 2

Amazon.com uses a customer profiling system whenever a customer visits its website.Using this system, Amazon can offer products tailored to that particular customer's profile and buying pattern.What is Amazon using to achieve this competitive advantage?

Accepted Answer

A) Rivalry. 
B) Buyer power. 
C) Product differentiation. 
D) Substitute product. 
A) Rivalry. 
B) Buyer power. 
C) Product differentiation. 
D) Substitute product.

Question 3

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 4

Which role within a company is responsible for overseeing all uses of MIS and ensuring that MIS strategic aligns with business goals and objectives?

Accepted Answer

A) Chief knowledge officer (CKO). 
B) Chief privacy officer (CPO). 
C) Chief information officer (CIO). 
D) Chief security officer (CSO). 
A) Chief knowledge officer (CKO). 
B) Chief privacy officer (CPO). 
C) Chief information officer (CIO). 
D) Chief security officer (CSO).

Question 5

What includes all parties involved, directly or indirectly, in obtaining raw materials or a product?

Accepted Answer

A) Support chain. 
B) Supply chain. 
C) System chain. 
D) Supply choice. 
A) Support chain. 
B) Supply chain. 
C) System chain. 
D) Supply choice.

Question 6

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 7

John Cleaver is the CEO of Tech World, which is a retail store that sells computers, monitors, cameras, televisions, and many other electronic products.John and his executive team are meeting to brainstorm new ideas on how to grow the business.One idea is to mimic a competitor's product that is attempting to sell a new product in a different industry.After performing a Porter's five forces analysis, John determines that all of the forces are high in this new industry.What should John do?

Accepted Answer

A) Explode into the market with an overflow of the product. 
B) Contemplate other products to introduce at the same time in this new market. 
C) Compare the competitor's prices and offer his product lower in this new market. 
D) Not introduce the product because all five forces are strong, and this would be a highly risky business strategy. 
A) Explode into the market with an overflow of the product. 
B) Contemplate other products to introduce at the same time in this new market. 
C) Compare the competitor's prices and offer his product lower in this new market. 
D) Not introduce the product because all five forces are strong, and this would be a highly risky business strategy.

Question 8

Which of the following offers an example where Porter's Five Forces are mostly weak and competition is low?

Accepted Answer

A) An international hotel chain purchasing milk. 
B) A coffee shop. 
C) A single consumer purchasing milk. 
D) A dog-walking business. 
A) An international hotel chain purchasing milk. 
B) A coffee shop. 
C) A single consumer purchasing milk. 
D) A dog-walking business.

Question 9

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.

What is a competitive advantage?

Amazon.com uses a customer profiling system whenever a customer visits its website.Using this system, Amazon can offer products tailored to that particular customer's profile and buying pattern.What is Amazon using to achieve this competitive advantage?

Which of the following is considered data?

Which role within a company is responsible for overseeing all uses of MIS and ensuring that MIS strategic aligns with business goals and objectives?

What includes all parties involved, directly or indirectly, in obtaining raw materials or a product?

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

Which of the following offers an example where Porter's Five Forces are mostly weak and competition is low?

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?

Decision and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: MIS Business Concerns

Infrastructure: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporate Responsibility

Hardware and Software

Networks and Telecommunications

Designing Databases

Filters

Exam 1: Management Information Systems: Business Driven MIS

What is a competitive advantage?

Amazon.com uses a customer profiling system whenever a customer visits its website.Using this system, Amazon can offer products tailored to that particular customer's profile and buying pattern.What is Amazon using to achieve this competitive advantage?

Which of the following is considered data?

Which role within a company is responsible for overseeing all uses of MIS and ensuring that MIS strategic aligns with business goals and objectives?

What includes all parties involved, directly or indirectly, in obtaining raw materials or a product?

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

Which of the following offers an example where Porter's Five Forces are mostly weak and competition is low?

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?

Decision and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: MIS Business Concerns

Infrastructure: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporate Responsibility

Hardware and Software

Networks and Telecommunications

Designing Databases

Filters