Question 1

According to Porter's five forces model,established companies face stronger threats from substitutes if the substitute's ________.

Accepted Answer

A)  price is lower 
B)  benefits are different 
C)  switching cost is higher 
D)  functions are different

Question 2

Because of Moore's Law,any routine skill can and will be outsourced to the lowest bidder.

Accepted Answer

A) True 
 B)False

Question 3

It is difficult to calculate the margin of supporting activities because the specific value added by supporting activities is difficult to know.

Accepted Answer

A) True 
 B)False

Question 4

The difference between the value that an activity generates and the cost of the activity is called value-addition.

Accepted Answer

A) True 
 B)False

Question 5

Ben is in charge of the delivery process at a local store.After going through the week's delivery schedule,he calls his team and assigns territories for each individual.He contacts the supervisor to arrange the necessary transport.Which activity of the value chain is Ben executing?

Accepted Answer

A)  marketing 
B)  inbound logistics 
C)  outbound logistics 
D)  operations

Question 6

Which activity of the value chain includes ordering and receiving raw materials for manufacturing?

Accepted Answer

A)  inbound logistics 
B)  operations 
C)  outbound logistics 
D)  marketing

Question 7

Inbound logistics involves receiving,storing,and disseminating inputs to products.

Accepted Answer

A) True 
 B)False

Question 8

________ is the ability to make and manipulate models.

Accepted Answer

A)  Abstract reasoning 
B)  Systems thinking 
C)  Collaboration 
D)  Experimentation

Question 9

State Moore's Law and describe its effects on the business environment.

Accepted Answer

The answer of State Moore's Law and describe its effects...

Question 10

In the value chain,the primary activity of sales and marketing is the collection,storage,and physical distribution of products to buyers.

Accepted Answer

A) True 
 B)False

Question 11

A company that states a strategy of low cost leadership and a differentiation on customer service simultaneously is most likely to achieve a strong competitive advantage.

Accepted Answer

A) True 
 B)False

Question 12

What is abstract reasoning and systems thinking? Give an example for each.

Accepted Answer

The answer of What is abstract reasoning and systems thinking?...

Question 13

Which of the following results is attributed to Moore's Law?

Accepted Answer

A)  The price of software has come down drastically. 
B)  The ratio of price to performance of computers has fallen drastically. 
C)  The risk of technology becoming obsolete has decreased. 
D)  Piracy of software has increased.

Question 14

As a result of Moore's Law,the ratio of price to performance of computers has increased dramatically over the years.

Accepted Answer

A) True 
 B)False

Question 15

Miguel proposes a new design idea for an automobile to his boss.He illustrates the model through a presentation,describes how the firm could profit from it,and how it meets customers' needs.Which of Reich's four critical skills is Miguel exhibiting?

Accepted Answer

A)  abstract reasoning 
B)  systems thinking 
C)  collaboration 
D)  process orientation

Question 16

Porter's five forces determines the characteristics of the industry,how profitable it is,and how sustainable that profitability will be.

Accepted Answer

A) True 
 B)False

Question 17

The difference between the value that an activity generates and the cost of the activity is called the ________.

Accepted Answer

A)  margin 
B)  revenue 
C)  break-even point 
D)  value-addition point

Question 18

How does MIS help organizations achieve their strategies?

Accepted Answer

The answer of How does MIS help organizations achieve their...

Question 19

What are the support activities of a value chain?

Accepted Answer

The answer of What are the support activities of a...

Question 20

Which of the following is a misinterpretation of Moore's Law?

Accepted Answer

A)  A computer processor becomes obsolete within 18 months. 
B)  The total number of transistors produced in the world doubles every 18 months. 
C)  The number of transistors per square inch on an integrated chip doubles every 18 months. 
D)  The speed of a computer processor doubles every 18 months.

Exam 1: The Importance of Mis

According to Porter's five forces model,established companies face stronger threats from substitutes if the substitute's ________.

Because of Moore's Law,any routine skill can and will be outsourced to the lowest bidder.

It is difficult to calculate the margin of supporting activities because the specific value added by supporting activities is difficult to know.

The difference between the value that an activity generates and the cost of the activity is called value-addition.

Ben is in charge of the delivery process at a local store.After going through the week's delivery schedule,he calls his team and assigns territories for each individual.He contacts the supervisor to arrange the necessary transport.Which activity of the value chain is Ben executing?

Which activity of the value chain includes ordering and receiving raw materials for manufacturing?

Inbound logistics involves receiving,storing,and disseminating inputs to products.

________ is the ability to make and manipulate models.

State Moore's Law and describe its effects on the business environment.

In the value chain,the primary activity of sales and marketing is the collection,storage,and physical distribution of products to buyers.

A company that states a strategy of low cost leadership and a differentiation on customer service simultaneously is most likely to achieve a strong competitive advantage.

What is abstract reasoning and systems thinking? Give an example for each.

Which of the following results is attributed to Moore's Law?

As a result of Moore's Law,the ratio of price to performance of computers has increased dramatically over the years.

Miguel proposes a new design idea for an automobile to his boss.He illustrates the model through a presentation,describes how the firm could profit from it,and how it meets customers' needs.Which of Reich's four critical skills is Miguel exhibiting?

Porter's five forces determines the characteristics of the industry,how profitable it is,and how sustainable that profitability will be.

The difference between the value that an activity generates and the cost of the activity is called the ________.

How does MIS help organizations achieve their strategies?

What are the support activities of a value chain?

Which of the following is a misinterpretation of Moore's Law?