Exam 1: Information Systems in Business

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____________ is data converted into a meaningful and useful context.

(Short Answer)
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Information technology equals business success and innovation.

(True/False)
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Which of the following information cultures would have the greatest negative impact on Apple's business?

(Multiple Choice)
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What is high when competition is fierce in a market and low when competition is more complacent?

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Almost all organizations today have an internal IS department, often called Information Technology (IT), Information Systems (IS), or Management Information Systems (MIS).

(True/False)
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The chief ___________ officer is responsible for collecting, maintaining, and distributing the organization's knowledge.

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______ in the Porter's Five Forces Model is high when buyers have many choices of whom to buy from and low when their choices are few.

(Multiple Choice)
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Explain value chains and the differences between primary and support value activities.

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What are raw facts that describe the characteristics of an object or event?

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Porter suggests that an organization is wise to adopt all of the three generic strategies: (1) broad cost leadership, (2) broad differentiation, and (3) focused strategy.

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Which of the following supports the primary value activities in the value chain?

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Kia has a more _______ strategy.

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Which of the following companies uses the broad cost leadership strategy?

(Multiple Choice)
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Which of the following can an organization use to evaluate the effectiveness of its business processes?

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A(n) ___________ chain consists of all parties involved, directly or indirectly, in the procurement of a product or raw material.

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What occurs when an organization can significantly impact its market share by being the first to market with a competitive advantage?

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What is the competitive advantage? What are the common tools that organizations use for developing the competitive advantage?

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An entry barrier is typically used to influence the rivalry among existing competitors.

(True/False)
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Do you agree or disagree with Friedman's assessment that the world is flat? Be sure to justify your answer.

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An organization's information culture can directly affect its ability to compete in the global market.

(True/False)
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