Exam 1: Management Information Systems: Business Driven MIS

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MIS can add value to both primary activities and support activities in the value chain.Which of the following is not an example of a company adding value by the use of MIS in a primary activity?

(Multiple Choice)
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The accounting and finance departments primarily use monetary data.

(True/False)
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Information is data converted into a meaningful and useful context.The truth about information is that its value is only as good as the people who use it.People using the same information can make different decisions depending on how they interpret or analyze the information.

(True/False)
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The __________ department tracks strategic financial issues including money,banking,credit,investments,and assets.

(Short Answer)
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When evaluating the value chain,all of the following are included in the primary value activities except:

(Multiple Choice)
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The information age is the present time,during which infinite quantities of facts are widely available to anyone who can use a computer.

(True/False)
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What is one of the most common ways a company can decrease supplier power?

(Multiple Choice)
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Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge.

(True/False)
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Who is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses?

(Multiple Choice)
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If you were thinking about a home theater system which of the following represents the process?

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The Chief Security Officer is responsible for ensuring the __________ of business systems and developing strategies and safeguards against attacks by hackers and viruses.

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

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Which of the following is included in Porter's Five Forces Model?

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What are services?

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The age we live in has infinite quantities of facts that are widely available to anyone who can use a computer.What age is this statement referring to?

(Multiple Choice)
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Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's five forces model.Which of the following represents buyer power in the soft drink industry?

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

(Multiple Choice)
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Your boss,Tom Repicci,has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a cost leadership strategy?

(Multiple Choice)
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Which of the following is not a core driver of the information age?

(Multiple Choice)
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The threat of substitute products or services refers to the power of competitors to enter a new market.

(True/False)
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