Question 1

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

Accepted Answer

A) Walmart. 
B) Tiffany & Co. 
C) Neiman Marcus. 
D) Payless Shoes. 
A) Walmart. 
B) Tiffany & Co. 
C) Neiman Marcus. 
D) Payless Shoes.

Question 2

The finance department performs the function of selling goods or services.

Accepted Answer

A) True 
 B)False

Question 3

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

Accepted Answer

A) Broad differentiation. 
B) Supplier cost differentiation. 
C) Focused strategy. 
D) Broad cost leadership. 
A) Broad differentiation. 
B) Supplier cost differentiation. 
C) Focused strategy. 
D) Broad cost leadership.

Question 4

When applying Porter's three generic strategies,Tiffany & Co.has a competitive scope and cost strategy that is _________.

Accepted Answer

A) Broad market - high cost strategy 
B) Narrow market - low cost strategy 
C) Narrow market - high cost strategy 
D) Broad market - low cost strategy 
A) Broad market - high cost strategy 
B) Narrow market - low cost strategy 
C) Narrow market - high cost strategy 
D) Broad market - low cost strategy

Question 5

Successful companies today operate cross-functionally,integrating the operations of all departments.

Accepted Answer

A) True 
 B)False

Question 6

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,Beyonce,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,Beyonce,The Beatles,The Stones.

Question 7

________ costs is a common business strategy.

Accepted Answer

The answer of ________ costs is a common business strategy....

Question 8

A __________ features a product or service on which customers place a greater value than they do on similar offerings from competitors.

Accepted Answer

A) Competitive advantage 
B) Competitor advantage 
C) Power advantage 
D) First mover advantage 
A) Competitive advantage 
B) Competitor advantage 
C) Power advantage 
D) First mover advantage

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) Buyer power. 
B) Data. 
C) Fact. 
D) Entry barrier. 
A) Buyer power. 
B) Data. 
C) Fact. 
D) Entry barrier.

Question 11

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

Accepted Answer

A) Information. 
B) Business Intelligence. 
C) Knowledge. 
D) All of the above. 
A) Information. 
B) Business Intelligence. 
C) Knowledge. 
D) All of the above.

Question 12

Production 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) True 
 B)False

Question 13

Which of the below represents a company in a supply chain?

Accepted Answer

A) Customer and competitor. 
B) Supplier and competitor. 
C) Knowledge worker and supplier. 
D) Supplier and customer. 
A) Customer and competitor. 
B) Supplier and competitor. 
C) Knowledge worker and supplier. 
D) Supplier and customer.

Question 14

What is productivity?

Accepted Answer

A) Material items or products that customer's will buy to satisfy a want or need. 
B) Tasks performed by people that customer's will buy to satisfy a want or need. 
C) The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services. 
D) The rate at which goods and services are produced based upon total output given total inputs. 
A) Material items or products that customer's will buy to satisfy a want or need. 
B) Tasks performed by people that customer's will buy to satisfy a want or need. 
C) The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services. 
D) The rate at which goods and services are produced based upon total output given total inputs.

Question 15

The Chief __________ Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

Accepted Answer

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

Question 16

A standardized set of activities that accomplish a specific task is called a supply chain component.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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 19

Which of the following is considered a service?

Accepted Answer

A) Cars 
B) Groceries 
C) Cutting hair 
D) All of the above 
A) Cars 
B) Groceries 
C) Cutting hair 
D) All of the above

Question 20

The threat of substitute products or services refers to the power of customers to purchase alternatives.

Accepted Answer

A) True 
 B)False

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

The finance department performs the function of selling goods or services.

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

When applying Porter's three generic strategies,Tiffany & Co.has a competitive scope and cost strategy that is _________.

Successful companies today operate cross-functionally,integrating the operations of all departments.

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?

________ costs is a common business strategy.

A __________ features a product or service on which customers place a greater value than they do on similar offerings from competitors.

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

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

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

Production 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 below represents a company in a supply chain?

What is productivity?

The Chief __________ Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

A standardized set of activities that accomplish a specific task is called a supply chain component.

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

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

Which of the following is considered a service?

The threat of substitute products or services refers to the power of customers to purchase alternatives.

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

The finance department performs the function of selling goods or services.

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

When applying Porter's three generic strategies,Tiffany & Co.has a competitive scope and cost strategy that is _________.

Successful companies today operate cross-functionally,integrating the operations of all departments.

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?

________ costs is a common business strategy.

A __________ features a product or service on which customers place a greater value than they do on similar offerings from competitors.

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

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

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

Production 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 below represents a company in a supply chain?

What is productivity?

The Chief __________ Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

A standardized set of activities that accomplish a specific task is called a supply chain component.

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

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

Which of the following is considered a service?

The threat of substitute products or services refers to the power of customers to purchase alternatives.

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