Question 1

If you were thinking about an oven as a system which of the following represents the input?

Accepted Answer

A) The uncooked food. 
B) The cooked food. 
C) A light indicating that the oven has reached the preheated temperature. 
D) The oven running at 350 degrees for 20 minutes.

Question 2

In a SWOT analysis, strengths and weaknesses originate ________ an organization.

Accepted Answer

A) Inside (internally). 
B) Outside (externally). 
C) Both Inside (internally)and Outside (externally). 
D) None of the above.

Question 3

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.

Question 4

All of the following are common tools used in industry to analyze and develop competitive advantages, except ________.

Accepted Answer

A) Five Forces Model 
B) Three Generic Strategies 
C) Competitive analysis model 
D) Value chain analysis

Question 5

According to Fast Company magazine, chief intellectual property officer is a new executive level we might see created over the next decade. Which of the following includes the roles and responsibilities of this officer?

Accepted Answer

A) Manage and defend intellectual property, copyrights and patents. 
B) Determines if a person or business process can be replaced by a robot or software. 
C) Create the optimal relationship between user and technology. 
D) Ensure the ethical and legal use of information within an organization.

Question 6

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

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.

Question 7

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, Beyoncé, The Beatles, The Stones.

Question 8

What are prescriptive analytics?

Accepted Answer

A) The scientific process of transforming data into insight for making better decisions. 
B) Uses techniques that describe past performance and history. 
C) Uses techniques that extract information from data and use it to predict future trends and identify behavioral patterns. 
D) Uses techniques that create models indicating the best decision to make or course of action to take.

Question 9

Which of the following includes the roles and responsibilities of the CKO?

Accepted Answer

A) Determining the types of information the enterprise will capture, retain, analyze, and share. 
B) Collecting, maintaining, and distributing company knowledge. 
C) Ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses. 
D) Ensuring that MIS strategically aligns with business goals and objectives.

Question 10

Identify the different departments in a company and why they must work together to achieve success.

Accepted Answer

The answer of Identify the different departments in a company...

Question 11

If you were thinking about a home theater system which of the following represents the inputs?

Accepted Answer

A) The DVD player, DVD movie, speakers, TV, and electricity. 
B) Playing the movie including the audio through the speakers and the video on the TV. 
C) A message stating that the disk is dirty and cannot be played. 
D) Spinning the disk to play, pause, rewind, or fast forward.

Question 12

Which of the following provides an accurate definition of systems thinking?

Accepted Answer

A) A way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback on each part. 
B) A way of monitoring individual components including an input, the process, and an output, while continuously gathering feedback on the entire system. 
C) A way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback on the entire system. 
D) A way of monitoring singular parts of a system by viewing a single input that is processed or transformed to produce an entire system that is continuously monitored to gather feedback on each individual part.

Question 13

What is threat of new entrants?

Accepted Answer

A) The ability of buyers to affect the price they must pay for an item. 
B) The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services). 
C) High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market. 
D) High when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

Question 14

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

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.

Question 15

Competitive advantages provide the same product or service either at a lower price or with additional value that can fetch premium prices.

Accepted Answer

A) True 
 B)False

Question 16

Jim Coleman holds an executive position at Keck-Howes Group. Jim has improved the quality of the data gathered by the organization, and has also created a model to decrease the cost of managing data while increasing the value of the data gathered. Based on this description, what position does Jim hold at Keck-Howes Group?

Accepted Answer

A) Chief security officer (CSO). 
B) Chief technology officer (CTO). 
C) Chief data officer (CDO). 
D) Chief privacy officer (CPO).

Question 17

What is the primary responsibility of the CTO?

Accepted Answer

A) Overseeing all uses of MIS. 
B) Ensuring the security of business systems. 
C) Ensuring speed, accuracy, and reliability for MIS. 
D) Collecting and distributing company information.

Question 18

Prescriptive analytics use techniques that extract information from data and use it to predict future trends and identify behavioral patterns.

Accepted Answer