Question 1

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 2

What are the two main categories in a value chain analysis?

Accepted Answer

A) Primary value activities & secondary value activities. 
B) Primary value activities & support value activities. 
C) Primary value activities & strengthening value activities. 
D) None of the above.

Question 3

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Accepted Answer

A) True 
 B)False

Question 4

Businesses rarely need to update business strategies as the business environment remains relatively stable.

Accepted Answer

A) True 
 B)False

Question 5

Buyer power is included as one of Porter's three generic strategies.

Accepted Answer

A) True 
 B)False

Question 6

Assume you are in the business of producing and selling t-shirts.If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

Accepted Answer

A) Increase in productivity,decrease in profits 
B) Increase in productivity,increase in profits 
C) Decrease in productivity,decrease in profits 
D) Decrease in productivity,increase in profits

Question 7

A __________ chain analysis views a firm as a series of business processes that each adds value to the product or service.

Accepted Answer

The answer of A __________ chain analysis views a firm...

Question 8

Which of the following is considered a good?

Accepted Answer

A) Milk and eggs 
B) Managing a team 
C) Selling groceries 
D) All of the above

Question 9

Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod,iPhone,and iPad.What are these all examples of?

Accepted Answer

A) Competitive advantage 
B) Competitive intelligence 
C) First-mover advantage 
D) All of the above

Question 10

The core drivers of the information age are data,knowledge,business intelligence and ____________.

Accepted Answer

The answer of The core drivers of the information age...

Question 11

How are the majority of companies today typically organized?

Accepted Answer

A) By departments or functional areas. 
B) By departments or financial areas. 
C) By degree or financial areas. 
D) All of the above.

Question 12

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials,labor,and services).

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

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

Question 14

Information is data converted into useful,meaningful context.What are data characteristics that change or vary over time?

Accepted Answer

A) Facts. 
B) Variables. 
C) Supplies. 
D) Vulnerable.

Question 15

The information __________ is when infinite quantities of fact are widely available to anyone who can use a computer.

Accepted Answer

The answer of The information __________ is when infinite quantities...

Question 16

Trina Hauger works for Johnson Electric as a corporate lawyer and part of her duties are to ensure the ethical and legal use of information within the company.Which of the following represents Trina's role at Johnson Electric?

Accepted Answer

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

Question 17

Today's workers are commonly referred to as _____________ workers who use business intelligence along with personal experience to make decisions.

Accepted Answer

The answer of Today's workers are commonly referred to as...

Question 18

__________ are tasks performed by people that customer's will buy to satisfy a want or need.

Accepted Answer

The answer of __________ are tasks performed by people that...

Question 19

Using data and information to make decisions and solve problems is the key to finding success in business.These are also the core drivers of the information age and the building blocks of business systems.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following represents a reason why competitive advantages are typically temporary?

Accepted Answer

A) The competitor will hire away your key employees. 
B) The competitor quickly seeks ways to duplicate your business operations. 
C) The competitor will purchase new technology. 
D) All of the above.

Exam 1: Management Information Systems: Business Driven MIS

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

What are the two main categories in a value chain analysis?

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Businesses rarely need to update business strategies as the business environment remains relatively stable.

Buyer power is included as one of Porter's three generic strategies.

Assume you are in the business of producing and selling t-shirts.If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

A __________ chain analysis views a firm as a series of business processes that each adds value to the product or service.

Which of the following is considered a good?

Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod,iPhone,and iPad.What are these all examples of?

The core drivers of the information age are data,knowledge,business intelligence and ____________.

How are the majority of companies today typically organized?

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials,labor,and services).

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

Information is data converted into useful,meaningful context.What are data characteristics that change or vary over time?

The information __________ is when infinite quantities of fact are widely available to anyone who can use a computer.

Trina Hauger works for Johnson Electric as a corporate lawyer and part of her duties are to ensure the ethical and legal use of information within the company.Which of the following represents Trina's role at Johnson Electric?

Today's workers are commonly referred to as _____________ workers who use business intelligence along with personal experience to make decisions.

__________ are tasks performed by people that customer's will buy to satisfy a want or need.

Using data and information to make decisions and solve problems is the key to finding success in business.These are also the core drivers of the information age and the building blocks of business systems.

Which of the following represents a reason why competitive advantages are typically temporary?