Question 1

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

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

The sales department needs to rely on information from operations to understand ________.

Accepted Answer

A) Inventory. 
B) Customer orders. 
C) Demand forecasts. 
D) All of the above.

Question 4

The actual hamburger is included in which category of making a hamburger?

Accepted Answer

A) Input 
B) Process 
C) Output 
D) All of the above

Question 5

The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ________.

Accepted Answer

A) Feedback. 
B) Information. 
C) Competitive intelligence. 
D) Data.

Question 6

In a SWOT analysis, opportunities and threats originate ________ an organization.

Accepted Answer

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

Question 7

The banking industry has implemented several competitive advantages including ATM's, online bill pay services, and electronic statements. Of course, these competitive advantages were quickly duplicated by any competitor that wanted to remain in the banking industry. These were all examples of ________ competitive advantages.

Accepted Answer

A) Acquiring new technology products and services 
B) Hiring new employees 
C) Reducing expenses 
D) Gaining invaluable feedback from customers

Question 8

Big data is a collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.

Accepted Answer

A) True 
 B)False

Question 9

Knowledge facilitators reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) Ensuring the speed, accuracy, availability, and reliability of the MIS. 
B) Ensuring the ethical and legal use of information within a company. 
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 11

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.

Question 12

The challenge that companies today sometimes have is that they are departmentalized and act independently of each other. One solution that can help a company work ________ includes management information systems.

Accepted Answer

A) Variables. 
B) Human resource data. 
C) Interdepartmentally. 
D) Resource information systems.

Question 13

The lettuce, tomatoes, patty, bun, and ketchup are included in which category of making a hamburger?

Accepted Answer

A) Input 
B) Process 
C) Output 
D) All of the above

Question 14

Which of the following is not a technology company but used technology to revamp the business process of selling books?

Accepted Answer

A) Netflix. 
B) Dell. 
C) Zappos. 
D) Amazon.

Question 15

Structured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Accepted Answer

A) True 
 B)False

Question 16

Explain why competitive advantages are temporary.

Accepted Answer

The answer of Explain why competitive advantages are temporary....

Question 17

Which of the following describes a stakeholder?

Accepted Answer

A) A leadership plan that achieves a specific set of goals or objectives. 
B) A feature of a product or service on which customers place a greater value. 
C) A person or group that has an interest or concern in an organization. 
D) Information about a competitive environment.

Question 18

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

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 19

What uses techniques that create models indicating the best decision to make or course of action to take?

Accepted Answer

A) Business analytics. 
B) Descriptive analytics. 
C) Prescriptive analytics. 
D) Predictive analytics.

Question 20

Eric Eberly holds an executive position at Parker Industries. He has designed and implemented a system to collect, maintain, and share information across the many departments of Parker Industries. He's also instilled an updating protocol requiring department heads to keep the system up-to-date. Based on this description, what position does Eric hold?

Accepted Answer

A) Chief information officer (CIO). 
B) Chief security officer (CSO). 
C) Chief data officer (CDO). 
D) Chief knowledge officer (CKO).

Exam 1: Management Information Systems: Business Driven MIS

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

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

The sales department needs to rely on information from operations to understand ________.

The actual hamburger is included in which category of making a hamburger?

The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ________.

In a SWOT analysis, opportunities and threats originate ________ an organization.

Big data is a collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.

Knowledge facilitators reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

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

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

The challenge that companies today sometimes have is that they are departmentalized and act independently of each other. One solution that can help a company work ________ includes management information systems.

The lettuce, tomatoes, patty, bun, and ketchup are included in which category of making a hamburger?

Which of the following is not a technology company but used technology to revamp the business process of selling books?

Structured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Explain why competitive advantages are temporary.

Which of the following describes a stakeholder?

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

What uses techniques that create models indicating the best decision to make or course of action to take?