Exam 1: Management Information Systems: Business Driven MIS

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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.

(Short Answer)
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Cars,groceries,and clothing belong in which category?

(Multiple Choice)
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The Chief ___________ Officer is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS.

(Short Answer)
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Rivalry among existing competitors refers to the ability of buyers to affect the price they must pay for an item.

(True/False)
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___________ is not a technology company but it used technology to revamp the video rental business.

(Short Answer)
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The __________ chain consists of all parties involved,directly or indirectly,in obtaining raw materials or a product.

(Short Answer)
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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.

(True/False)
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If you were thinking about an oven as a system which of the following represents the input?

(Multiple Choice)
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Which of the following represents a typical supply chain?

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_________ new customers is a common business strategy.

(Short Answer)
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Explain why competitive advantages are temporary.

(Essay)
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Which of the following represents the types of data commonly found in the finance department?

(Multiple Choice)
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What is information?

(Multiple Choice)
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Porter has identified three _________ business strategies for entering a new market: 1)broad cost leadership,2)broad differentiation,and 3)focused strategy.

(Short Answer)
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The accounting and finance departments primarily use monetary data.

(True/False)
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The operations management department manages the process of converting or transforming resources into goods or services.

(True/False)
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The Chief Information Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with _________ goals and objectives.

(Short Answer)
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Which of the following is considered information?

(Multiple Choice)
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Which of the following is not a technology company but used technology to revamp the business process of renting videos?

(Multiple Choice)
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Which of the following statements is true?

(Multiple Choice)
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