Exam 1: Management Information Systems: Business Driven MIS

Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence.The firm went bankrupt when people began taking digital pictures.Polaroid provides a great example of Porter's supplier power.

How can a company reduce the threat of substitute products or services?

Data is useful for understanding individual sales,but to gain deeper insight into a business data needs to be turned into information.Which of the following offers an example of turning data into information?

Businesses rarely need to update business strategies as the business environment remains relatively stable.

Firm infrastructure and human resource management are part of the primary value activities.

Which of the below is the key term that defines the confirmation or validation of an event or object?

Which department manages the process of converting or transforming resources into goods or services?

A fact is the confirmation or validation of an event or object.In the past,people primarily learned facts from books.

According to Fast Company magazine,which of the following executive levels might we see created over the next decade?

Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's Five Forces model.Which of the following represents a substitute product in the soft drink industry?

Feedback is information that returns to its original transmitter and modifies the transmitter's actions.What would the original transmitter include?

If you were thinking about a home theater system which of the following represents the inputs?

Which of the following represents the definition of a variable?

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

When reviewing Porter's value chain analysis,which of the below provides customer support after the sale of goods and services?

For an organization to succeed,every department or functional area must work independently to be most effective.

Which of the following are included as potential external weaknesses in a SWOT analysis that are harmful to an organization?

Describe the information age and the differences between data,information,business intelligence,and knowledge.

Which of the following statements is correct when considering a SWOT analysis?

Which of the following decisions does a firm need to make as soon as it has identified the activities from the value chain that are bringing the highest added value to their customers?