Exam 1: Management Information Systems: Business Driven MIS

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

Which of the following represents a typical supply chain?

Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence.The firm went bankrupt when people began taking digital pictures.Polaroid provides a great example of Porter's threat of new entrants.

Greg Provenzo owns and runs a Blockbuster video store.Greg is implementing a drive-thru rental process that is the same as you would find at a fast-food restaurant.Customers can pick-up and drop-off their videos without leaving their cars.Greg's new system has become so popular that Videos Plus, a competitor down the street, is attempting to recreate Greg's video drive-thru rental process.Greg's system is an example of a _________.

Over the past decade, the United States has lost an estimated 2.4 million factory jobs to Nepal.

MIS is a business function, like accounting or sales, that moves information about people, products, and processes across the company to facilitate decision making and problem solving.What does MIS stands for?

Which of the following is typically performed by the sales or marketing department?

A __________ is a collection of parts that link to achieve a common purpose.

What is the primary responsibility of the CTO?

MIS is a business function.Which of the following does MIS perform to help aid the company in decision making and problem solving?

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

Top managers use __________ intelligence to define the future of the business, analyzing markets, industries, and economies.

A business strategy achieves a specific set of goals, which include __________.

What is a standardized set of activities that accomplishes a specific task?

Which of the following is a tool a manager can use to analyze competitive intelligence and identify competitive advantages?

Which of the following represents the core drives of the information age?

Your boss, Ty Jacob, has asked you to analyze the music industry using Porter's Five Forces Model.Which of the following represents supplier power in the music industry?

Trina Hauger 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?

What is data converted into a meaningful and useful context?

Mark Peterson identified the Porter's Five Forces Model, which analyzes the competitive forces within a business environment.