Question 1

In the center of Porter's Five Forces model is competition.Which of the below represents the four outer boxes?

Accepted Answer

A) Buyer power,systems power,threat of false entrants,and threat of substitute products or services 
B) Buyer power,systems power,threat of new entrants,and threat of substitute products or services 
C) Buyer power,supplier power,threat of new entrants,and threat of substitute products or services 
D) Business power,supplier power,threat of new entrants,and threat of powerful services 
A) Buyer power,systems power,threat of false entrants,and threat of substitute products or services 
B) Buyer power,systems power,threat of new entrants,and threat of substitute products or services 
C) Buyer power,supplier power,threat of new entrants,and threat of substitute products or services 
D) Business power,supplier power,threat of new entrants,and threat of powerful services

Question 2

Which of the following demonstrates a company that has implemented a low cost,broad market strategy?

Accepted Answer

A) Neiman Marcus. 
B) Payless Shoes. 
C) The Sharper Image. 
D) Walmart. 
A) Neiman Marcus. 
B) Payless Shoes. 
C) The Sharper Image. 
D) Walmart.

Question 3

Best-selling product by month compared to sports season and city team wins and losses is considered a type of business _________________.

Accepted Answer

The answer of Best-selling product by month compared to sports...

Question 4

Describe the information age and the differences between data,information,business intelligence,and knowledge.

Accepted Answer

We live in the information age,when infi

Question 5

Focused strategies concentrate on either cost leadership or ___________.

Accepted Answer

The answer of Focused strategies concentrate on either cost leadership...

Question 6

The __________ management department in a company manages the process of converting or transforming of resources into goods or services.

Accepted Answer

The answer of The __________ management department in a company...

Question 7

Who is responsible for ensuring the ethical and legal use of information within a company?

Accepted Answer

A) Chief Knowledge Officer (CKO). 
B) Chief Privacy Officer (CPO). 
C) Chief Technology Officer (CTO). 
D) Chief Information Officer (CIO). 
A) Chief Knowledge Officer (CKO). 
B) Chief Privacy Officer (CPO). 
C) Chief Technology Officer (CTO). 
D) Chief Information Officer (CIO).

Question 8

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 9

What is a competitive advantage?

Accepted Answer

A) A product that an organization's customers place a lesser value on than similar offerings from a competitor. 
B) A feature of a product or service on which customers place a lesser value than they do on similar offerings from a supplier. 
C) A service that an organization's customers place a lesser value on than similar offerings from a supplier. 
D) A feature of a product or service on which customers place a greater value than they do on similar offerings from competitors. 
A) A product that an organization's customers place a lesser value on than similar offerings from a competitor. 
B) A feature of a product or service on which customers place a lesser value than they do on similar offerings from a supplier. 
C) A service that an organization's customers place a lesser value on than similar offerings from a supplier. 
D) A feature of a product or service on which customers place a greater value than they do on similar offerings from competitors.

Question 10

Compare Porter's three generic strategies.

Accepted Answer

Organizations typically follow one of Po

Question 11

Which of the below represents procurement as part of the support value activities in a value chain analysis?

Accepted Answer

A) Purchases inputs such as raw materials,resources,equipment and supplies. 
B) Applies MIS to processes to add value. 
C) Distributes goods and services to customers. 
D) Promotes,prices,and sells products to customers. 
A) Purchases inputs such as raw materials,resources,equipment and supplies. 
B) Applies MIS to processes to add value. 
C) Distributes goods and services to customers. 
D) Promotes,prices,and sells products to customers.

Question 12

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Accepted Answer

A) Supplier power. 
B) Operations management. 
C) Porter's Five Forces Model. 
D) The Value Chain analysis. 
A) Supplier power. 
B) Operations management. 
C) Porter's Five Forces Model. 
D) The Value Chain analysis.

Question 13

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 14

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 15

The department within a company that supports the sales by planning,pricing,and promoting goods or services is called ___________.

Accepted Answer

A) Sales. 
B) Operations Management. 
C) Accounting. 
D) Marketing. 
A) Sales. 
B) Operations Management. 
C) Accounting. 
D) Marketing.

Question 16

Porter has identified three generic business strategies including focused,broad cost leadership,and switching strategy.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following represents the types of data commonly found in the operations management department?

Accepted Answer

A) Monetary datA. 
B) Transactional data. 
C) Production data. 
D) Employee data. 
A) Monetary datA. 
B) Transactional data. 
C) Production data. 
D) Employee data.

Question 18

Which of the following represents the types of data commonly found in the human resource department?

Accepted Answer

A) Monetary datA. 
B) Technology data. 
C) Production data. 
D) Employee data. 
A) Monetary datA. 
B) Technology data. 
C) Production data. 
D) Employee data.

Question 19

The Victory Wireless store in Denver is currently offering a fabulous marketing strategy for potential new iPhone customers.Victory Wireless offers customers who purchase an iPhone with a 2-year subscription,a free Otter phone case,car charger,ear phones,and speakers.In terms of Porter's Five Forces what is Victory Wireless attempting to achieve with this marketing strategy?

Accepted Answer

A) Increase buyer power. 
B) Increase substitute products. 
C) Decrease supplier power. 
D) Decrease buyer power. 
A) Increase buyer power. 
B) Increase substitute products. 
C) Decrease supplier power. 
D) Decrease buyer power.

Question 20

What are material items or products that customer's will buy to satisfy a want or need?

Accepted Answer

A) Goods 
B) Services 
C) Production 
D) Productivity 
A) Goods 
B) Services 
C) Production 
D) Productivity

In the center of Porter's Five Forces model is competition.Which of the below represents the four outer boxes?

Which of the following demonstrates a company that has implemented a low cost,broad market strategy?

Best-selling product by month compared to sports season and city team wins and losses is considered a type of business _________________.

Describe the information age and the differences between data,information,business intelligence,and knowledge.

Focused strategies concentrate on either cost leadership or ___________.

The __________ management department in a company manages the process of converting or transforming of resources into goods or services.

Who is responsible for ensuring the ethical and legal use of information within a company?

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

What is a competitive advantage?

Compare Porter's three generic strategies.

Which of the below represents procurement as part of the support value activities in a value chain analysis?

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Why do students need to study information technology?

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?

The department within a company that supports the sales by planning,pricing,and promoting goods or services is called ___________.

Porter has identified three generic business strategies including focused,broad cost leadership,and switching strategy.

Which of the following represents the types of data commonly found in the operations management department?

Which of the following represents the types of data commonly found in the human resource department?

What are material items or products that customer's will buy to satisfy a want or need?

Decisions and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: Mis Business Concerns

Infrastructures: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporate Responsibility

Hardware and Software Basics

Networks and Telecommunications

Designing Databases

Filters

Exam 1: Management Information Systems: Business Driven MIS

In the center of Porter's Five Forces model is competition.Which of the below represents the four outer boxes?

Which of the following demonstrates a company that has implemented a low cost,broad market strategy?

Best-selling product by month compared to sports season and city team wins and losses is considered a type of business _________________.

Describe the information age and the differences between data,information,business intelligence,and knowledge.

Focused strategies concentrate on either cost leadership or ___________.

The __________ management department in a company manages the process of converting or transforming of resources into goods or services.

Who is responsible for ensuring the ethical and legal use of information within a company?

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

What is a competitive advantage?

Compare Porter's three generic strategies.

Which of the below represents procurement as part of the support value activities in a value chain analysis?

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Why do students need to study information technology?

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?

The department within a company that supports the sales by planning,pricing,and promoting goods or services is called ___________.

Porter has identified three generic business strategies including focused,broad cost leadership,and switching strategy.

Which of the following represents the types of data commonly found in the operations management department?

Which of the following represents the types of data commonly found in the human resource department?

What are material items or products that customer's will buy to satisfy a want or need?

Decisions and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: Mis Business Concerns

Infrastructures: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporate Responsibility

Hardware and Software Basics

Networks and Telecommunications

Designing Databases

Filters