Question 1

The Internet of Things (IoT)refers to devices that connect directly to other devices.

Accepted Answer

A) True 
 B)False

Question 2

Which group of stakeholder's primary interests include adhering to regulations/laws, increasing employment, and ethical taxation reporting?

Accepted Answer

A) Partners/Suppliers 
B) Shareholders/Investors 
C) Community 
D) Government

Question 3

According to Fast Company magazine, a few executive levels you might see created over the next decade include chief intellectual property officer, chief automation officer, and chief user experience officer.

Accepted Answer

A) True 
 B)False

Question 4

What is the name of a company's internal computer department?

Accepted Answer

A) Management information systems (MIS) 
B) Information systems (IS) 
C) Information technology (IT) 
D) All of the above

Question 5

In the center of Porter's Five Forces model is competition. Which of the below represents the four outer boxes?

Accepted Answer

A) Buyer power, systems power, threat of false entrants, and threat of substitute products or services 
B) Buyer power, systems power, threat of new entrants, and threat of substitute products or services 
C) Buyer power, supplier power, threat of new entrants, and threat of substitute products or services 
D) Business power, supplier power, threat of new entrants, and threat of powerful services

Question 6

Who is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives?

Accepted Answer

A) Chief Knowledge Officer (CKO). 
B) Chief Privacy Officer (CPO). 
C) Chief Technology Officer (CTO). 
D) Chief Information Officer (CIO).

Question 7

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.

Question 8

Most companies are typically organized by departments or functional areas. Which of the following is not a common department found in a company?

Accepted Answer

A) Accounting. 
B) Payroll. 
C) Marketing. 
D) Human Resources.

Question 9

When analyzing Porter's three generic strategies for entering a market, if you have a focused strategy what market should you target?

Accepted Answer

A) A niche market. 
B) A broad market. 
C) Neither niche or broad markets. 
D) Both niche and broad markets.

Question 10

Inbound logistics and operations are part of the support value activities.

Accepted Answer

A) True 
 B)False

Question 11

Which data types are typically found in the sales department?

Accepted Answer

A) Sales data, customer data, commission data, and customer support data. 
B) Employee data, promotion data, vacation data. 
C) Investment data, monetary data, reporting data. 
D) Transactional data, purchasing data, payroll data, tax data.

Question 12

Susan Stewart is an executive at Equity Title where she is responsible for collecting, maintaining and distributing knowledge for the company. What is Susan's role at Equity Title?

Accepted Answer

A) Chief Knowledge Officer (CKO). 
B) Chief Technology Officer (CTO). 
C) Chief Information Officer (CIO). 
D) Chief Security Officer (CSO).

Question 13

According to Fast Company magazine, chief user experience 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, copy-rights 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 14

What is business intelligence?

Accepted Answer

A) Raw facts that describe the characteristics of an event or object. 
B) Data converted into a meaningful and useful context. 
C) Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making. 
D) Skills, experience, and expertise, coupled with information and intelligence, which creates a person's intellectual resources.

Question 15

Compare Porter's three generic strategies.

Accepted Answer

The answer of Compare Porter's three generic strategies....

Question 16

How does the text recommend that a company operate if it wants to be successful in the information age?

Accepted Answer

A) Functionally independent between departments. 
B) Interdependently between departments. 
C) Together as one department with little or no independence. 
D) Each department acting as its own individual business unit.

Question 17

Which department maintains policies, plans, and procedures for the effective management of employees?

Accepted Answer

A) Sales. 
B) Operations Management. 
C) Accounting. 
D) Human Resources.

Question 18

MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving. What does MIS stand for?

Accepted Answer

A) Management Information Strategy. 
B) Management Intelligence System. 
C) Management Information System. 
D) Management Information Strategist.

Question 19

Updating business strategies is a continuous undertaking as internal and external environments ________.

Accepted Answer

A) Become less competitive. 
B) Remain stagnant. 
C) Rapidly change. 
D) Become more consistent.

Question 20

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for customers?

Accepted Answer

A) Exceptional customer service. 
B) Fair compensation. 
C) Professional associations. 
D) Reliable contracts.

Exam 1: Management Information Systems: Business Driven MIS

The Internet of Things (IoT)refers to devices that connect directly to other devices.

Which group of stakeholder's primary interests include adhering to regulations/laws, increasing employment, and ethical taxation reporting?

According to Fast Company magazine, a few executive levels you might see created over the next decade include chief intellectual property officer, chief automation officer, and chief user experience officer.

What is the name of a company's internal computer department?

In the center of Porter's Five Forces model is competition. Which of the below represents the four outer boxes?

Who is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives?

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

Most companies are typically organized by departments or functional areas. Which of the following is not a common department found in a company?

When analyzing Porter's three generic strategies for entering a market, if you have a focused strategy what market should you target?

Inbound logistics and operations are part of the support value activities.

Which data types are typically found in the sales department?

Susan Stewart is an executive at Equity Title where she is responsible for collecting, maintaining and distributing knowledge for the company. What is Susan's role at Equity Title?

According to Fast Company magazine, chief user experience 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?

What is business intelligence?

Compare Porter's three generic strategies.

How does the text recommend that a company operate if it wants to be successful in the information age?

Which department maintains policies, plans, and procedures for the effective management of employees?

MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving. What does MIS stand for?

Updating business strategies is a continuous undertaking as internal and external environments ________.

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for customers?