Question 1

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

Accepted Answer

A) Monetary data. 
B) Transactional data. 
C) Production data. 
D) Employee data. 
A) Monetary data. 
B) Transactional data. 
C) Production data. 
D) Employee data.

Question 2

Describe Porter's Five Forces Model and explain each of the five forces.

Accepted Answer

Porter's Five Forces Model analyzes the

Question 3

When a company is the first to market with a competitive advantage,it gains a particular benefit known as competitive intelligence.

Accepted Answer

A) True 
 B)False

Question 4

Business strategies that match _______ company competencies to opportunities result in a competitive advantage.

Accepted Answer

The answer of Business strategies that match _______ company competencies...

Question 5

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

Accepted Answer

A) The dirty clothes,water,and detergent. 
B) The clean clothes. 
C) The wash and rinse cycle. 
D) The light indicating that the washer is off balance and has stopped. 
A) The dirty clothes,water,and detergent. 
B) The clean clothes. 
C) The wash and rinse cycle. 
D) The light indicating that the washer is off balance and has stopped.

Question 6

Susan Stewart is an executive at Equity Title where she is responsible for collecting,maintaining and distributing knowledge for the company.What is Susan's role at Equity Title?

Accepted Answer

A) Chief Knowledge Officer (CKO). 
B) Chief Technology Officer (CTO). 
C) Chief Information Officer (CIO). 
D) Chief Security Officer (CSO). 
A) Chief Knowledge Officer (CKO). 
B) Chief Technology Officer (CTO). 
C) Chief Information Officer (CIO). 
D) Chief Security Officer (CSO).

Question 7

When buyer power is low,supplier power is typically _____.

Accepted Answer

A) Identical 
B) High 
C) Low 
D) Unstable 
A) Identical 
B) High 
C) Low 
D) Unstable

Question 8

What is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Accepted Answer

A) Goods 
B) Services 
C) Production 
D) Productivity 
A) Goods 
B) Services 
C) Production 
D) Productivity

Question 9

Which of the following represents the department that maintains policies,plans,and procedures for the effective management of employees?

Accepted Answer

A) Human Resources. 
B) Sales. 
C) Employee Resources. 
D) Employee Relations. 
A) Human Resources. 
B) Sales. 
C) Employee Resources. 
D) Employee Relations.

Question 10

What is business intelligence?

Accepted Answer

A) Raw facts that describe the characteristics of an event or object. 
B) Data converted into a meaningful and useful context. 
C) Information collected from multiple sources that analyzes patterns,trends,and relationships for strategic decision making. 
D) Skills,experience,and expertise,coupled with information and intelligence,that creates a person's intellectual resources. 
A) Raw facts that describe the characteristics of an event or object. 
B) Data converted into a meaningful and useful context. 
C) Information collected from multiple sources that analyzes patterns,trends,and relationships for strategic decision making. 
D) Skills,experience,and expertise,coupled with information and intelligence,that creates a person's intellectual resources.

Question 11

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 12

Focused strategies concentrate on either cost leadership or __________.

Accepted Answer

The answer of Focused strategies concentrate on either cost leadership...

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

When a company is the first to market with a competitive advantage,this is called a first-mover advantage.All of the following companies were first-movers except ___________.

Accepted Answer

A) FedEx - the online self-service software 
B) Apple - iPad 
C) Apple - iPod 
D) Microsoft - Bing Search Engine 
A) FedEx - the online self-service software 
B) Apple - iPad 
C) Apple - iPod 
D) Microsoft - Bing Search Engine

Question 15

The Chief ___________ Officer is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS.

Accepted Answer

The answer of The Chief ___________ Officer is responsible for...

Question 16

Which of the following is considered a good?

Accepted Answer

A) Cars 
B) Teaching 
C) Waiting tables 
D) All of the above 
A) Cars 
B) Teaching 
C) Waiting tables 
D) All of the above

Question 17

Which of the following is not considered a category within the primary value activities in a value chain analysis?

Accepted Answer

A) Inbound logistics. 
B) Firm infrastructure. 
C) Operations. 
D) Service. 
A) Inbound logistics. 
B) Firm infrastructure. 
C) Operations. 
D) Service.

Question 18

Which of the following is considered a service?

Accepted Answer

A) Teaching 
B) Waiting tables 
C) Cutting hair 
D) All of the above 
A) Teaching 
B) Waiting tables 
C) Cutting hair 
D) All of the above

Question 19

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

Accepted Answer

A) Goods 
B) Services 
C) Production 
D) Productivity 
A) Goods 
B) Services 
C) Production 
D) Productivity

Question 20

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?

Accepted Answer

A) Collecting business intelligence. 
B) Decreasing entry barriers. 
C) Purchasing a substitute product. 
D) Increasing buyer power. 
A) Collecting business intelligence. 
B) Decreasing entry barriers. 
C) Purchasing a substitute product. 
D) Increasing buyer power.

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

Describe Porter's Five Forces Model and explain each of the five forces.

When a company is the first to market with a competitive advantage,it gains a particular benefit known as competitive intelligence.

Business strategies that match _______ company competencies to opportunities result in a competitive advantage.

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

Susan Stewart is an executive at Equity Title where she is responsible for collecting,maintaining and distributing knowledge for the company.What is Susan's role at Equity Title?

When buyer power is low,supplier power is typically _____.

What is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Which of the following represents the department that maintains policies,plans,and procedures for the effective management of employees?

What is business intelligence?

Focused strategies concentrate on either cost leadership or __________.

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

When a company is the first to market with a competitive advantage,this is called a first-mover advantage.All of the following companies were first-movers except ___________.

The Chief ___________ Officer is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS.

Which of the following is considered a good?

Which of the following is not considered a category within the primary value activities in a value chain analysis?

Which of the following is considered a service?

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

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

Filters

Exam 1: Management Information Systems: Business Driven MIS

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

Describe Porter's Five Forces Model and explain each of the five forces.

When a company is the first to market with a competitive advantage,it gains a particular benefit known as competitive intelligence.

Business strategies that match _______ company competencies to opportunities result in a competitive advantage.

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

Susan Stewart is an executive at Equity Title where she is responsible for collecting,maintaining and distributing knowledge for the company.What is Susan's role at Equity Title?

When buyer power is low,supplier power is typically _____.

What is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Which of the following represents the department that maintains policies,plans,and procedures for the effective management of employees?

What is business intelligence?

Focused strategies concentrate on either cost leadership or __________.

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

When a company is the first to market with a competitive advantage,this is called a first-mover advantage.All of the following companies were first-movers except ___________.

The Chief ___________ Officer is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS.

Which of the following is considered a good?

Which of the following is not considered a category within the primary value activities in a value chain analysis?

Which of the following is considered a service?

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

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

Filters