Exam 1: Management Information Systems: Business Driven MIS

Kevin Campbell is an incoming freshman at your college.Kevin is frustrated by the cost of books,tuition,and expenses and he also needs to purchase a rather expensive laptop.In an effort to save money,Kevin beings a Facebook group finding other college students who need to purchase laptops.Soon,Kevin's Facebook group has close to 100,000 students.Kevin decides to collectively approach different computer companies to see if his group qualifies for a special discount.What business strategy is Kevin using to purchase laptops?

In terms of system thinking,what is output?

In a SWOT analysis,opportunities and threats originate __________ an organization.

Why do students need to study information technology?

With the Five Forces Model,companies should watch the forces in the market.If the forces are strong competition generally increases and if the forces are weak competition typically decreases.

What is the difference between the CIO and CDO of an organization?

A SWOT analysis evaluates an organization's strengths,weaknesses,objectives,and threats.

The department within a company that records,measures,and reports monetary transactions is called _______________.

In a SWOT analysis,potential external opportunities are helpful when they identify all significant trends along with how the organization can benefit from each,including new markets,additional customer groups,legal changes,innovative technologies,population changes,competitor issues,and so on.

How does the text recommend that a company operate if it wants to be successful in the information age?

A dynamic report can include updating daily stock market prices or the calculation of available inventory.

The chief privacy officer is responsible for ensuring the ethical and legal use of information within a company.

What is a standardized set of activities that accomplishes a specific task?

Which of the following offers an example of a company operating in a narrow focused-market operating as the low-cost provider?

If you were thinking about a washing machine as a system which of the following represents the outputs?

Which of the following is considered a core driver of the information age?

The difference between existing MIS workplace knowledge and the knowledge required to fulfill the business goals and strategies is called an MIS skill set.

Buyer power is included as one of Porter's Three Generic Strategies.

Gina Brooks works for Aquarium Retail Services selling high-end salt water fish and tank supplies.Aquarium Retail Services is the current market leader in Gina's city.Gina has recently been approached by Deep Blue Incorporated with an opportunity to run its corporate nation-wide marketing and sales division.Gina decides to jump at the opportunity! Deep Blue is attempting to gain a competitive ________ by stealing its competitor's key employees.

Which of the following includes the roles and responsibilities of the CPO?