Question 1

Why has the Internet made competitive rivalry more intense?

Accepted Answer

The answer of Why has the Internet made competitive rivalry...

Question 2

A firm can exercise greater control over its suppliers by having:

Accepted Answer

A) more suppliers. 
B) fewer suppliers. 
C) global suppliers. 
D) local suppliers. 
E) only a single supplier.

Question 3

The law of diminishing returns only applies to digital products.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following substitute products would be of most concern for a cable TV distributor?

Accepted Answer

A) Streaming music services 
B) Broadcast TV 
C) Satellite radio 
D) On-demand Internet television 
E) Terrestrial radio

Question 5

Which of the following is not a major feature of organizations that impacts the use of information systems?

Accepted Answer

A) Business processes 
B) Environments 
C) Structure of the organization 
D) Agency costs 
E) Leadership styles

Question 6

The inventors of a disruptive technology typically benefit the most from the technology; it is rare that fast followers catch up quickly.

Accepted Answer

A) True 
 B)False

Question 7

The use of Internet technologies allows companies to more easily sustain competitive advantage.

Accepted Answer

A) True 
 B)False

Question 8

Define and describe a business ecosystem.Give an example of a business ecosystem.

Accepted Answer

The answer of Define and describe a business ecosystem.Give an...

Question 9

In network economics,the value of a commercial software vendor's software products:

Accepted Answer

A) increases as more people use them. 
B) decreases as more people use them. 
C) increases due to higher marginal gain in output. 
D) decreases according to the law of diminishing returns. 
E) is unrelated to the number of people that use them.

Question 10

All of the following statements are true about information technology's impact on business firms except:

Accepted Answer

A) it helps firms expand in size. 
B) it helps firms lower the cost of market participation. 
C) it helps reduce internal management costs. 
D) it helps reduce transaction costs. 
E) it helps reduce agency costs.

Question 11

Which of the following statements about disruptive technologies is not true?

Accepted Answer

A) Disruptive technologies radically change the business landscape and environment. 
B) Disruptive technologies may be substitute products that perform better than other products currently being produced. 
C) Disruptive technologies may sometimes simply extend the marketplace. 
D) Disruptive technologies may put entire industries out of business. 
E) Firms that invent disruptive technologies as first movers always become market leaders.

Question 12

A machine bureaucracy is a knowledge-based organization where goods and services depend on the expertise and knowledge of professionals.

Accepted Answer

A) True 
 B)False

Question 13

Research has shown that the more successfully a firm can align its IT with its business goals,the more profitable it will be.What practical steps should a firm use in aligning IT with its goals?

Accepted Answer

The answer of Research has shown that the more successfully...

Question 14

The text describes Michael Porter's view of the Internet as somewhat negative.What negative influences does Porter see? Describe several positive influences the Internet has on business.Do these outweigh the negative influences?

Accepted Answer

The answer of The text describes Michael Porter's view of...

Question 15

What is agency theory? How does information technology enable a firm to reduce agency costs?

Accepted Answer

The answer of What is agency theory? How does information...

Question 16

Switching costs increase when customers are strongly linked to products and platforms.

Accepted Answer

A) True 
 B)False

Question 17

The ability to offer individually tailored products or services using the same production resources as bulk production is known as:

Accepted Answer

A) mass marketing. 
B) micromarketing. 
C) micro customization. 
D) niche customization. 
E) mass customization.

Question 18

Which of the following statements about business processes is not true?

Accepted Answer

A) Business processes influence the relationship between an organization and information technology. 
B) Business processes are a collection of standard operating procedures. 
C) A business firm is a collection of business processes. 
D) Business processes are usually ensconced in an organization's culture. 
E) Business processes are typically unaffected by changes in information systems.

Question 19

Walmart's continuous replenishment system is an example of a firm using information systems to:

Accepted Answer

A) strengthen ties to its customers. 
B) simplify the industry value chain. 
C) develop synergies. 
D) focus on market niche. 
E) achieve low-cost leadership.

Question 20

All organizations have bedrock,unquestioned assumptions that define their goals and products.

Accepted Answer

A) True 
 B)False

Exam 3: Information Systems,organizations,and Strategy

Why has the Internet made competitive rivalry more intense?

A firm can exercise greater control over its suppliers by having:

The law of diminishing returns only applies to digital products.

Which of the following substitute products would be of most concern for a cable TV distributor?

Which of the following is not a major feature of organizations that impacts the use of information systems?

The inventors of a disruptive technology typically benefit the most from the technology; it is rare that fast followers catch up quickly.

The use of Internet technologies allows companies to more easily sustain competitive advantage.

Define and describe a business ecosystem.Give an example of a business ecosystem.

In network economics,the value of a commercial software vendor's software products:

All of the following statements are true about information technology's impact on business firms except:

Which of the following statements about disruptive technologies is not true?

A machine bureaucracy is a knowledge-based organization where goods and services depend on the expertise and knowledge of professionals.

Research has shown that the more successfully a firm can align its IT with its business goals,the more profitable it will be.What practical steps should a firm use in aligning IT with its goals?

The text describes Michael Porter's view of the Internet as somewhat negative.What negative influences does Porter see? Describe several positive influences the Internet has on business.Do these outweigh the negative influences?

What is agency theory? How does information technology enable a firm to reduce agency costs?

Switching costs increase when customers are strongly linked to products and platforms.

The ability to offer individually tailored products or services using the same production resources as bulk production is known as:

Which of the following statements about business processes is not true?

Walmart's continuous replenishment system is an example of a firm using information systems to:

All organizations have bedrock,unquestioned assumptions that define their goals and products.