Exam 1: Management Information Systems: Business Driven MIS

Which of the following is not a common approach to closing an MIS skills gap?

If a business could produce the same hamburger with less expensive inputs it would probably see a decrease in profits.

Assume you are in the business of producing and selling T-shirts.If you could produce more T-shirts with the same input what would happen to your productivity and profits assuming the price of your T-shirts remains the same?

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

The business decisions made by the Sales department include potential customer data,sales report data,commission data,and customer support data.

What are the two main categories in a value chain analysis?

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 an example of in terms of Porter's Five Forces?

Managers use four common tools to analyze competitive intelligence and develop competitive advantages.Which of the following is not one of these tools?

The Internet of Things (IoT)refers to devices that connect directly to other devices.

Unstructured data is data that has a defined length,type,and format and includes numbers,dates,or strings such as customer address.

Which group of stakeholder's primary interests include professional associations,ethical recycling,and increasing employment?

What is Porter's Five Forces Model?

What is one of the most common ways a company can decrease supplier power?

An overview of systems thinking includes input,process,output,and finances.

What is knowledge?

Competitive 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.

What is the rate at which goods and services are produced based upon total output given total inputs?

If a business is following a focused strategy then its competitive scope is ________.

What is machine to machine?

Sara McGuire holds an executive position at Henry Commerce.She is a big-picture thinker,and makes sure the technology strategy at Henry Commerce serves its business strategy.She has a well-rounded knowledge of MIS and her primary responsibilities include the efficiency of Henry Commerce's MIS systems.Based on this description,what position does Sara hold?