Exam 1: Management Information Systems: Business Driven MIS

Business intelligence is information collected from multiple sources such as suppliers,customers,competitors,partners,and industries that analyzes patterns,trends,and relationships for strategic decision making.

Sandy Fiero works as the chief knowledge officer for Bend Lumbar Company.She has been given the responsibility to create a product or service that will bring an added value to its customers to increase the company's revenue.Sandy determines that the best value she can add is by creating a service that offers free next day shipping on any order over $50.Where in the value chain is Sandy adding value?

If a supplier has high power what can it do to influence its industry?

What is rivalry among existing competitors?

Porter identified Three Generic Strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's Three Generic Strategies?

What includes all parties involved,directly or indirectly,in obtaining raw materials or a product?

Which of the following is a common approach to closing an MIS skills gap?

The Marketing department supports sales by planning,pricing,and promoting goods or services.

What type of report can include a sales report from last year or salary report from five years ago?

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

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

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

Which of the following is considered data?

Jason Charney is the CIO of Zapp Industries.Which of the following does not describe his primary responsibilities?

There are many different stakeholders found in an organization.Stakeholders drive business strategies,and depending on the stakeholder's perspective,the business strategy can change.Which of the following is a main concern for customers?

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 ___________.

When evaluating the value chain,all of the following are included in the primary value activities except _________.

Which data types are typically found in the Human Resources department?

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

If you were thinking about an oven as a system which of the following represents the process?