Question 1

The Porter's Five Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for __________ in an industry.

Accepted Answer

The answer of The Porter's Five Forces Model analyzes the...

Question 2

Cars,groceries,and clothing belong in which category?

Accepted Answer

A) Goods 
B) Services 
C) Production 
D) Productivity

Question 3

The Chief ___________ Officer is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS.

Accepted Answer

The answer of The Chief ___________ Officer is responsible for...

Question 4

Rivalry among existing competitors refers to the ability of buyers to affect the price they must pay for an item.

Accepted Answer

A) True 
 B)False

Question 5

___________ is not a technology company but it used technology to revamp the video rental business.

Accepted Answer

The answer of ___________ is not a technology company but...

Question 6

The __________ chain consists of all parties involved,directly or indirectly,in obtaining raw materials or a product.

Accepted Answer

The answer of The __________ chain consists of all parties...

Question 7

Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence.The firm went bankrupt when people began taking digital pictures.Polaroid provides a great example of Porter's threat of new entrants.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Which of the following represents a typical supply chain?

Accepted Answer

A) Company - Customers - Suppliers. 
B) Company - Suppliers - Customers. 
C) Suppliers - Company - Customers. 
D) Suppliers - Customers - Company.

Question 10

_________ new customers is a common business strategy.

Accepted Answer

The answer of _________ new customers is a common business...

Question 11

Explain why competitive advantages are temporary.

Accepted Answer

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

Question 12

Which of the following represents the types of data commonly found in the finance department?

Accepted Answer

A) Monetary datA. 
B) Technology data. 
C) Production data. 
D) Employee data.

Question 13

What is information?

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 that creates a person's intellectual resources.

Question 14

Porter has identified three _________ business strategies for entering a new market: 1)broad cost leadership,2)broad differentiation,and 3)focused strategy.

Accepted Answer

The answer of Porter has identified three _________ business strategies...

Question 15

The accounting and finance departments primarily use monetary data.

Accepted Answer

A) True 
 B)False

Question 16

The operations management department manages the process of converting or transforming resources into goods or services.

Accepted Answer

A) True 
 B)False

Question 17

The Chief Information Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with _________ goals and objectives.

Accepted Answer

The answer of The Chief Information Officer is responsible for...

Question 18

Which of the following is considered information?

Accepted Answer

A) Quantity sold 
B) Date sold 
C) Best-selling item by month 
D) All of the above

Question 19

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

Accepted Answer

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

Question 20

Which of the following statements is true?

Accepted Answer

A) IT equals business success. 
B) IT equals business innovation. 
C) IT represents business success and innovation. 
D) IT enables business success and innovation.

Exam 1: Management Information Systems: Business Driven MIS

The Porter's Five Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for __________ in an industry.

Cars,groceries,and clothing belong in which category?

The Chief ___________ Officer is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS.

Rivalry among existing competitors refers to the ability of buyers to affect the price they must pay for an item.

___________ is not a technology company but it used technology to revamp the video rental business.

The __________ chain consists of all parties involved,directly or indirectly,in obtaining raw materials or a product.

Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence.The firm went bankrupt when people began taking digital pictures.Polaroid provides a great example of Porter's threat of new entrants.

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

Which of the following represents a typical supply chain?

_________ new customers is a common business strategy.

Explain why competitive advantages are temporary.

Which of the following represents the types of data commonly found in the finance department?

What is information?

Porter has identified three _________ business strategies for entering a new market: 1)broad cost leadership,2)broad differentiation,and 3)focused strategy.

The accounting and finance departments primarily use monetary data.

The operations management department manages the process of converting or transforming resources into goods or services.

The Chief Information Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with _________ goals and objectives.

Which of the following is considered information?

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

Which of the following statements is true?