Question 1

If a supplier has high power what can it do to influence its industry?

Accepted Answer

A) Charge higher prices. 
B) Shift costs to industry participants. 
C) Limit quality or services. 
D) All of the above.

Question 2

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 3

_________ new markets is a common business strategy.

Accepted Answer

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

Question 4

As companies move from data to knowledge they will start to include more and more variables for analysis resulting in better,more precise support for _____________.

Accepted Answer

A) Decision making 
B) Problem solving 
C) Both A & B 
D) None of the above

Question 5

Explain systems thinking and how management information systems enable business communications.

Accepted Answer

The answer of Explain systems thinking and how management information...

Question 6

Which of the following decisions does a firm need to make as soon as it has identified the activities from the value chain that are bringing the highest added value to their customers?

Accepted Answer

A) Target high value-adding activities to further enhance their value. 
B) Target low value-adding activities to increase their value. 
C) Perform some combination of the two. 
D) All of the above.

Question 7

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

Accepted Answer

A) True 
 B)False

Question 8

Companies update business strategies continuously as internal and external environments change.

Accepted Answer

A) True 
 B)False

Question 9

A __________ strategy is a leadership plan that achieves a specific set of goals or objectives.

Accepted Answer

The answer of A __________ strategy is a leadership plan...

Question 10

Which of the below is similar to focused strategy versus broad strategy?

Accepted Answer

A) Large market versus leadership. 
B) Large market versus uniqueness. 
C) Niche market versus large market. 
D) Niche market versus generic.

Question 11

Amazon.com uses a customer profiling system whenever a customer visits its website.Using this system,Amazon can offer products tailored to that particular customer's profile and buying pattern.What is Amazon using to achieve this competitive advantage?

Accepted Answer

A) Rivalry. 
B) Buyer power. 
C) Product differentiation. 
D) Substitute product.

Question 12

Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's five forces model.Which of the following represents a threat of a new entrant in the soft drink industry?

Accepted Answer

A) Pepsi requires stores that carry Pepsi products to commit to minimum orders of 1,000 cases. 
B) Walmart negotiates a lower cost per bottle from Coke in exchange for premium shelf space in every Walmart store. 
C) Zevia Natural Diet Soda begins selling directly over the Internet. 
D) Vitamin water,fruit juice,coffee.

Question 13

What is a feature of a product or service that customers have come to expect and entering competitors must offer the same if they want to survive?

Accepted Answer

A) Significant barrier. 
B) Entry barrier. 
C) Product differentiation. 
D) Entry chain.

Question 14

Attracting new customers,decreasing costs,and entering new markets are all examples of business strategies.

Accepted Answer

A) True 
 B)False

Question 15

What is data?

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 16

Lettuce,tomatoes,patty,bun,and ketchup are included in the process of making a hamburger.

Accepted Answer

A) True 
 B)False

Question 17

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Accepted Answer

A) Supplier power. 
B) Operations management. 
C) Porter's Five Forces Model. 
D) The Value Chain analysis.

Question 18

Which of the following represents the definition of a variable?

Accepted Answer

A) A data characteristic that is collected through competitive intelligence and cannot change over time. 
B) A data characteristic that stands for a value that changes or varies over time. 
C) A data characteristic that stands for a value that does not change or vary over time. 
D) A data characteristic that is collected only through competitive intelligence and can change over time.

Question 19

Competitive advantages provide the same product or service either at a lower price or with additional value that can fetch premium prices.

Accepted Answer

A) True 
 B)False

Question 20

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

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.

Exam 1: Management Information Systems: Business Driven MIS

If a supplier has high power what can it do to influence its industry?

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

_________ new markets is a common business strategy.

As companies move from data to knowledge they will start to include more and more variables for analysis resulting in better,more precise support for _____________.

Explain systems thinking and how management information systems enable business communications.

Which of the following decisions does a firm need to make as soon as it has identified the activities from the value chain that are bringing the highest added value to their customers?

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

Companies update business strategies continuously as internal and external environments change.

A __________ strategy is a leadership plan that achieves a specific set of goals or objectives.

Which of the below is similar to focused strategy versus broad strategy?

Amazon.com uses a customer profiling system whenever a customer visits its website.Using this system,Amazon can offer products tailored to that particular customer's profile and buying pattern.What is Amazon using to achieve this competitive advantage?

Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's five forces model.Which of the following represents a threat of a new entrant in the soft drink industry?

What is a feature of a product or service that customers have come to expect and entering competitors must offer the same if they want to survive?

Attracting new customers,decreasing costs,and entering new markets are all examples of business strategies.

What is data?

Lettuce,tomatoes,patty,bun,and ketchup are included in the process of making a hamburger.

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Which of the following represents the definition of a variable?

Competitive advantages provide the same product or service either at a lower price or with additional value that can fetch premium prices.

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