Exam 1: Information Systems Are Business

Cheryl Steffan is the operations manager for Nature's Bread Company,which specialises in providing natural products for health conscious individuals.Cheryl is responsible for compiling,analysing and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of a piece of data Cheryl would be using to successfully perform her job?

Explain how a company can add value by using Porter's value chain analysis.

Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?

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

Which of the following represents the definition of a variable?

Which of the following represents a reason why competitive advantages are typically temporary?

What is a way of monitoring the entire system in a company by viewing the multiple inputs being processed or transformed to produce outputs?

Companies update business strategies continuously as internal and external environments change.

Paula Logston is the owner and operator of a high-end online custom clothing company.Paula has never heard of Porter's Five Forces Model and she wants to understand why she would perform an analysis using it.If you were tasked with explaining Porter's Five Forces Model to Paula,what would be the primary reason she would want to use this type of analysis?

If a business is following a focused strategy,its competitive scope is _______.

The information age is the present time,during which infinite quantities of facts are widely available to anyone who can use a computer.

Describe Porter's Five Forces Model and explain each of the five forces.