Exam 1: Management Information Systems: Business Driven MIS

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Structured data is data that is not defined and does not follow a specified format and is typically free-form text such as emails,Twitter tweets,and text messages.

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The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself,with a ________ or ________________.

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If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

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A SWOT analysis will evaluate potential internal strengths,internal weaknesses,and external opportunities.

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Compare Porter's Three Generic Strategies.

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The Operations management department manages the process of converting or transforming resources into goods or services.

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Who is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives?

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What is the name of a company's internal computer department?

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Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

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Explain why competitive advantages are temporary.

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Top managers use predictive analytics to define the future of the business,analyzing markets,industries,and economies to determine the strategic direction the company must follow to remain profitable.Tony will set the strategic direction for his firm,which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments.

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The chief data office (CDO)is responsible for ensuring the throughput,speed,accuracy,availability,and reliability of an organization's information technology.

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

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Inbound logistics and operations are part of the primary value activities.

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What is big data?

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Which activities belong in the Marketing department?

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Value chain analysis views a firm as a series of business processes that each adds value to the product or service.

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Which of the following describes a stakeholder?

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The business decisions made by the Finance department include promotion data,sales data,and advertising data.

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The business decisions made by the Operations management department include manufacturing data,distribution data,and production data.

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