Question 1

Which approach views an organization as a series of processes, each of which adds value to the product or service for each customer?

Accepted Answer

A)  Low cost strategy 
B)  Business process 
C)  Value chain 
D)  First-mover advantage

Question 2

What does the Five Forces Model help determine the relative attractiveness of?

Accepted Answer

A)  An organization 
B)  A company 
C)  An industry 
D)  An investment

Question 3

Who is responsible for collecting, maintaining, and distributing an organization's knowledge?

Accepted Answer

A)  CIO 
B)  CSO 
C)  CTO 
D)  CKO

Question 4

The _______ knowledge officer is responsible for collecting, maintaining, and distributing the organization's knowledge.

Accepted Answer

The answer of The _______ knowledge officer is responsible for...

Question 5

Explain why competitive advantages are typically temporary.

Accepted Answer

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

Question 6

The threat of new entrants in the Five Forces Model is ______ when it is easy for new competitors to enter a market and low when there are significant entry barriers to entering a market.

Accepted Answer

A)  low 
B)  high 
C)  unchanged 
D)  unaffected

Question 7

What is an auction format in which increasingly lower bids are solicited from organizations willing to supply the desired product or service at an increasingly lower price?

Accepted Answer

A)  Reverse auction 
B)  Private exchange 
C)  Private auction 
D)  Reverse exchange

Question 8

Compare management information systems (MIS) and information technology (IS).

Accepted Answer

The answer of Compare management information systems (MIS) and information...

Question 9

Which information culture allows employees across departments to search for information to better understand the future and align themselves with current trends and new directions?

Accepted Answer

A)  Information-functional culture 
B)  Information-sharing culture 
C)  Information-inquiring culture 
D)  Information-discovery culture

Question 10

List and describe Porter's three generic strategies and provide an example of a company that is using each strategy.

Accepted Answer

The answer of List and describe Porter's three generic strategies...

Question 11

___________ value activities in the value chain acquire raw materials and manufactures, delivers, markets, sells, and provides after-sales services.

Accepted Answer

The answer of ___________ value activities in the value chain...

Question 12

Kia is following a broad differentiation strategy.

Accepted Answer

A) True 
 B)False

Question 13

IT is the acquisition, processing, storage, and dissemination of __________ information by a microelectronics-based combination of computing and telecommunications.

Accepted Answer

A)  vocal 
B)  pictorial 
C)  textual 
D)  numerical 
E)  All of the above

Question 14

______ is the confirmation or validation of an event or object.

Accepted Answer

A)  Wire 
B)  Data 
C)  Fact 
D)  Wireless

Question 15

Distinguish between Information Systems and Information Technology.

Accepted Answer

The answer of Distinguish between Information Systems and Information Technology....

Question 16

A reverse auction is an auction format in which increasingly lower bids are solicited from organizations willing to supply the desired product or service at an increasingly ________ price.

Accepted Answer

The answer of A reverse auction is an auction format...

Question 17

Supplier power is low when buyers have few choices to buy from and high when their choices are many.

Accepted Answer