Question 1

A system is a collection of parts that link to achieve a common purpose.Systems thinking is a way of monitoring ________________.

Accepted Answer

A) The entire system. 
B) A division within the sales role. 
C) The executive team. 
D) The company's competitors. 
A) The entire system. 
B) A division within the sales role. 
C) The executive team. 
D) The company's competitors.

Question 2

Business intelligence is information collected from multiple sources.Which of the following provides an example of a source that would be included in business intelligence?

Accepted Answer

A) Suppliers. 
B) Customers. 
C) Competitors. 
D) All of these. 
A) Suppliers. 
B) Customers. 
C) Competitors. 
D) All of these.

Question 3

Which of the following is considered information?

Accepted Answer

A) Quantity sold 
B) Date sold 
C) Best selling item by month 
D) All of these 
A) Quantity sold 
B) Date sold 
C) Best selling item by month 
D) All of these

Question 4

Today's workers are commonly referred to as _____________ workers, who use business intelligence along with personal experience to make decisions.

Accepted Answer

The answer of Today's workers are commonly referred to as...

Question 5

Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business.

Accepted Answer

A) True 
 B)False

Question 6

The __________ department tracks strategic financial issues including money, banking, credit, investments, and assets.

Accepted Answer

The answer of The __________ department tracks strategic financial issues...

Question 7

All of the following are common tools used in industry to analyze and develop competitive advantages, except:

Accepted Answer

A) Five Forces model 
B) Three generic strategies 
C) Competitive analysis model 
D) Value chain analysis 
A) Five Forces model 
B) Three generic strategies 
C) Competitive analysis model 
D) Value chain analysis

Question 8

Your boss, Kerry Miller, has asked you to analyze the soft-drink industry using Porter's Five Forces Model.Which of the following represents a threat of a new entrant 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 9

According to Porter's three generic strategies, Walmart is following a business strategy that focuses on "broad market and low cost."

Accepted Answer

A) True 
 B)False

Question 10

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger, Safeway, and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is this an example of in terms of Porter's five forces?

Accepted Answer

A) Rivalry among new entrants. 
B) Rivalry among existing competitors. 
C) Threat of substitute products or services. 
D) Buyer power. 
A) Rivalry among new entrants. 
B) Rivalry among existing competitors. 
C) Threat of substitute products or services. 
D) Buyer power.

Question 11

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

Accepted Answer

A) Information. 
B) Knowledge. 
C) Fact. 
D) Data. 
A) Information. 
B) Knowledge. 
C) Fact. 
D) Data.

Question 12

Your boss, Kerry Miller, 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 13

Jennifer Bloom is writing a paper, and she must determine which of Porter's three generic strategies The Museum Company has implemented.Jennifer finds out that The Museum Company offers specialty products found only in museums around the world to affluent customers.What would Jennifer determine The Museum Company is using as its generic strategy?

Accepted Answer

A) Broad market, low cost. 
B) Narrow market, high cost. 
C) Broad market, high cost. 
D) Narrow market, low cost. 
A) Broad market, low cost. 
B) Narrow market, high cost. 
C) Broad market, high cost. 
D) Narrow market, low cost.

Question 14

The Porter's Five Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for __________ in an industry.

Accepted Answer

The answer of The Porter's Five Forces Model analyzes the...

Question 15

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

Accepted Answer

The answer of Competitive __________ is the process of gathering...

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

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

Accepted Answer

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

Question 18

___________ value activities are found along the top of the value chain and include business processes, such as firm infrastructure, human resource management, technology development, and procurement that support the primary value activities.

Accepted Answer

The answer of ___________ value activities are found along the...

Question 19

Why do students need to study information technology?

Accepted Answer

A) Information technology is everywhere in business. 
B) Information technology is rarely discussed in business. 
C) Information technology is rarely used in organizations. 
D) Information technology is found in only a few businesses. 
A) Information technology is everywhere in business. 
B) Information technology is rarely discussed in business. 
C) Information technology is rarely used in organizations. 
D) Information technology is found in only a few businesses.

Question 20

Which of the following is not considered a category within the primary value activities in a value chain analysis?

Accepted Answer

A) Inbound logistics. 
B) Firm infrastructure. 
C) Operations. 
D) Service. 
A) Inbound logistics. 
B) Firm infrastructure. 
C) Operations. 
D) Service.

A system is a collection of parts that link to achieve a common purpose.Systems thinking is a way of monitoring ________________.

Business intelligence is information collected from multiple sources.Which of the following provides an example of a source that would be included in business intelligence?

Which of the following is considered information?

Today's workers are commonly referred to as _____________ workers, who use business intelligence along with personal experience to make decisions.

Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business.

The __________ department tracks strategic financial issues including money, banking, credit, investments, and assets.

All of the following are common tools used in industry to analyze and develop competitive advantages, except:

Your boss, Kerry Miller, has asked you to analyze the soft-drink industry using Porter's Five Forces Model.Which of the following represents a threat of a new entrant in the soft-drink industry?

According to Porter's three generic strategies, Walmart is following a business strategy that focuses on "broad market and low cost."

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger, Safeway, and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is this an example of in terms of Porter's five forces?

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

Your boss, Kerry Miller, 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?

The Porter's Five Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for __________ in an industry.

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

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

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

___________ value activities are found along the top of the value chain and include business processes, such as firm infrastructure, human resource management, technology development, and procurement that support the primary value activities.

Why do students need to study information technology?

Which of the following is not considered a category within the primary value activities in a value chain analysis?

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

A system is a collection of parts that link to achieve a common purpose.Systems thinking is a way of monitoring ________________.

Business intelligence is information collected from multiple sources.Which of the following provides an example of a source that would be included in business intelligence?

Which of the following is considered information?

Today's workers are commonly referred to as _____________ workers, who use business intelligence along with personal experience to make decisions.

Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business.

The __________ department tracks strategic financial issues including money, banking, credit, investments, and assets.

All of the following are common tools used in industry to analyze and develop competitive advantages, except:

Your boss, Kerry Miller, has asked you to analyze the soft-drink industry using Porter's Five Forces Model.Which of the following represents a threat of a new entrant in the soft-drink industry?

According to Porter's three generic strategies, Walmart is following a business strategy that focuses on "broad market and low cost."

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger, Safeway, and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is this an example of in terms of Porter's five forces?

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

Your boss, Kerry Miller, 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?

The Porter's Five Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for __________ in an industry.

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

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

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

___________ value activities are found along the top of the value chain and include business processes, such as firm infrastructure, human resource management, technology development, and procurement that support the primary value activities.

Why do students need to study information technology?

Which of the following is not considered a category within the primary value activities in a value chain analysis?

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