Question 1

Which of the following is not a typical way that a company would duplicate a competitive advantage?

Accepted Answer

A)  Acquiring the new technology 
B)  Copying the business operations 
C)  Hiring away key employees 
D)  Carrying large product inventories 
A)  Acquiring the new technology 
B)  Copying the business operations 
C)  Hiring away key employees 
D)  Carrying large product inventories

Question 2

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's Five Forces model.Which of the following represents the threat of substitute products or services in the music industry?

Accepted Answer

A)  Established record labels like EMI,Sony,Universal 
B)  Independent record labels 
C)  Game systems like Wii,social networks like Facebook 
D)  Taylor Swift,Beyoncé,The Beatles,The Stones 
A)  Established record labels like EMI,Sony,Universal 
B)  Independent record labels 
C)  Game systems like Wii,social networks like Facebook 
D)  Taylor Swift,Beyoncé,The Beatles,The Stones

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

Demonstrate how a company can add value by using Porter's value chain analysis.

Accepted Answer

To identify competitive advantages,Micha

Question 5

Which of the following statements is true?

Accepted Answer

A)  MIS equals business success. 
B)  MIS equals business innovation. 
C)  MIS represents business success and innovation. 
D)  MIS enables business success and innovation. 
A)  MIS equals business success. 
B)  MIS equals business innovation. 
C)  MIS represents business success and innovation. 
D)  MIS enables business success and innovation.

Question 6

When evaluating the value chain,which of the following is included in the support value activities?

Accepted Answer

A)  Inbound activities 
B)  Marketing and sales 
C)  Firm infrastructure 
D)  Finance and sales 
A)  Inbound activities 
B)  Marketing and sales 
C)  Firm infrastructure 
D)  Finance and sales

Question 7

Which of the following is considered a good?

Accepted Answer

A)  Milk and eggs 
B)  Managing a team 
C)  Selling groceries 
D)  All of these choices 
A)  Milk and eggs 
B)  Managing a team 
C)  Selling groceries 
D)  All of these choices

Question 8

The chief data officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

Accepted Answer

A) True 
 B)False

Question 9

In a SWOT analysis,potential internal strengths are helpful when they identify all key strengths associated with the competitive advantage including cost advantages,new and/or innovative services,special expertise and/or experience,proven market leader,improved marketing campaigns,and so on.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A)  Information 
B)  Business intelligence 
C)  Competitive intelligence 
D)  Data 
A)  Information 
B)  Business intelligence 
C)  Competitive intelligence 
D)  Data

Question 11

What is threat of substitute products or services?

Accepted Answer

A)  The ability of buyers to affect the price they must pay for an item 
B)  The suppliers' ability to influence the prices they charge for supplies (including materials,labor,and services) 
C)  High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market 
D)  High when there are many alternatives to a product or service and low when there are few alternatives from which to choose 
A)  The ability of buyers to affect the price they must pay for an item 
B)  The suppliers' ability to influence the prices they charge for supplies (including materials,labor,and services) 
C)  High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market 
D)  High when there are many alternatives to a product or service and low when there are few alternatives from which to choose

Question 12

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Accepted Answer

A) True 
 B)False

Question 13

The chief security officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

Accepted Answer

A) True 
 B)False

Question 14

John Cleaver is the CEO of Tech World,which is a retail store that sells computers,monitors,cameras,televisions and many other electronic products.John and his executive team are meeting to brainstorm new ideas on how to grow the business.One idea is to mimic a competitor's product that is attempting to sell a new product in a different industry.After performing a Porter's Five Forces analysis John determines that all of the forces are high in this new industry.What should John do?

Accepted Answer

A)  Explode into the market with an overflow of the product. 
B)  Contemplate other products to introduce at the same time in this new market. 
C)  Compare the competitor's prices and offer his product lower in this new market. 
D)  Not introduce the product because all Five Forces are strong and this would be a highly risky business strategy. 
A)  Explode into the market with an overflow of the product. 
B)  Contemplate other products to introduce at the same time in this new market. 
C)  Compare the competitor's prices and offer his product lower in this new market. 
D)  Not introduce the product because all Five Forces are strong and this would be a highly risky business strategy.

Question 15

In a SWOT analysis,which of the following could you discover as potential external opportunities (helpful)?

Accepted Answer

A)  Cost advantages 
B)  Damaged reputation 
C)  New markets 
D)  Improved marketing campaigns 
A)  Cost advantages 
B)  Damaged reputation 
C)  New markets 
D)  Improved marketing campaigns

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

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

Accepted Answer

A) True 
 B)False

Question 18

Where would you categorize strengths in a SWOT analysis?

Accepted Answer

A)  Internal,helpful 
B)  Internal,harmful 
C)  External,helpful 
D)  External,harmful 
A)  Internal,helpful 
B)  Internal,harmful 
C)  External,helpful 
D)  External,harmful

Question 19

The department within a company that performs the function of selling goods or services is called _______________.

Accepted Answer

A)  Marketing 
B)  Sales 
C)  Finance 
D)  Operations Management 
A)  Marketing 
B)  Sales 
C)  Finance 
D)  Operations Management

Question 20

Jeremy Bridges is an executive for Green Web Designs,where his primary role is to ensure the security of business systems and develop strategies to protect the company from online viruses and hackers.What is Jeremy's role within the company?

Accepted Answer

A)  Chief executive officer (CEO) 
B)  Chief security officer (CSO) 
C)  Chief procurement officer (CPO) 
D)  Chief technology officer (CTO) 
A)  Chief executive officer (CEO) 
B)  Chief security officer (CSO) 
C)  Chief procurement officer (CPO) 
D)  Chief technology officer (CTO)

Which of the following is not a typical way that a company would duplicate a competitive advantage?

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's Five Forces model.Which of the following represents the threat of substitute products or services in the music industry?

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

Demonstrate how a company can add value by using Porter's value chain analysis.

Which of the following statements is true?

When evaluating the value chain,which of the following is included in the support value activities?

Which of the following is considered a good?

The chief data officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

In a SWOT analysis,potential internal strengths are helpful when they identify all key strengths associated with the competitive advantage including cost advantages,new and/or innovative services,special expertise and/or experience,proven market leader,improved marketing campaigns,and so on.

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

What is threat of substitute products or services?

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

The chief security officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

In a SWOT analysis,which of the following could you discover as potential external opportunities (helpful)?

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

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

Where would you categorize strengths in a SWOT analysis?

The department within a company that performs the function of selling goods or services is called _______________.

Jeremy Bridges is an executive for Green Web Designs,where his primary role is to ensure the security of business systems and develop strategies to protect the company from online viruses and hackers.What is Jeremy's role within the company?

Decisions Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics 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

Understanding Computer Hardware and Software: From CPUs to Operating Systems

Understanding Telecommunication Systems and Network Topologies

Database Design and Entity Relationships

Filters

Exam 1: Management Information Systems: Business Driven MIS

Which of the following is not a typical way that a company would duplicate a competitive advantage?

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's Five Forces model.Which of the following represents the threat of substitute products or services in the music industry?

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

Demonstrate how a company can add value by using Porter's value chain analysis.

Which of the following statements is true?

When evaluating the value chain,which of the following is included in the support value activities?

Which of the following is considered a good?

The chief data officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

In a SWOT analysis,potential internal strengths are helpful when they identify all key strengths associated with the competitive advantage including cost advantages,new and/or innovative services,special expertise and/or experience,proven market leader,improved marketing campaigns,and so on.

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

What is threat of substitute products or services?

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

The chief security officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

In a SWOT analysis,which of the following could you discover as potential external opportunities (helpful)?

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

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

Where would you categorize strengths in a SWOT analysis?

The department within a company that performs the function of selling goods or services is called _______________.

Jeremy Bridges is an executive for Green Web Designs,where his primary role is to ensure the security of business systems and develop strategies to protect the company from online viruses and hackers.What is Jeremy's role within the company?

Decisions Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics 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

Understanding Computer Hardware and Software: From CPUs to Operating Systems

Understanding Telecommunication Systems and Network Topologies

Database Design and Entity Relationships

Filters