Question 1

Big data is a collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.

Accepted Answer

A) True 
 B)False

Question 2

The banking industry has implemented several competitive advantages including ATM's, online bill pay services, and electronic statements. Of course, these competitive advantages were quickly duplicated by any competitor that wanted to remain in the banking industry. These were all examples of ________ competitive advantages.

Accepted Answer

A)  Acquiring new technology products and services
B)  Hiring new employees
C)  Reducing expenses
D)  Gaining invaluable feedback from customersE) C) and D)
F) None of the above

Question 3

The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ________.

Accepted Answer

A)  Feedback.
B)  Information.
C)  Competitive intelligence.
D)  Data.E) A) and B)
F) B) and C)

Question 4

Predictive analytics use techniques that extract information from data and use it to predict future trends and identify behavioral patterns.

Accepted Answer

A) True 
 B)False

Question 5

What uses techniques that create models indicating the best decision to make or course of action to take?

Accepted Answer

A)  Business analytics.
B)  Descriptive analytics.
C)  Prescriptive analytics.
D)  Predictive analytics.E) None of the above
F) A) and C)

Question 6

Eric Eberly holds an executive position at Parker Industries. He has designed and implemented a system to collect, maintain, and share information across the many departments of Parker Industries. He's also instilled an updating protocol requiring department heads to keep the system up-to-date. Based on this description, what position does Eric hold?

Accepted Answer

A)  Chief information officer (CIO) .
B)  Chief security officer (CSO) .
C)  Chief data officer (CDO) .
D)  Chief knowledge officer (CKO) .E) A) and B)
F) A) and C)

Question 7

When applying Porter's three generic strategies, Tiffany & Co. has a competitive scope and cost strategy that is ________.

Accepted Answer

A)  Broad market - high cost strategy.
B)  Narrow market - low cost strategy.
C)  Narrow market - high cost strategy.
D)  Broad market - low cost strategy.E) A) and B)
F) C) and D)

Question 8

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 aboveE) B) and D)
F) None of the above

Question 9

Which of the following describes a stakeholder?

Accepted Answer

A)  A leadership plan that achieves a specific set of goals or objectives.
B)  A feature of a product or service on which customers place a greater value.
C)  A person or group that has an interest or concern in an organization.
D)  Information about a competitive environment.E) C) and D)
F) None of the above

Question 10

A ________ features a product or service on which customers place a greater value than they do on similar offerings from competitors.

Accepted Answer

A)  Competitive advantage
B)  Competitor advantage
C)  Power advantage
D)  First mover advantageE) A) and B)
F) A) and C)

Question 11

Explain why competitive advantages are temporary.

Accepted Answer

A competitive advantage is a feature of ...

Question 12

Structured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Accepted Answer

A) True 
 B)False

Question 13

In a SWOT analysis, opportunities and threats originate ________ an organization.

Accepted Answer

A)  Inside (internally) .
B)  Outside (externally) .
C)  Both Inside (internally) and Outside (externally) .
D)  None of the above.E) A) and C)
F) None of the above

Question 14

The sales department needs to rely on information from operations to understand ________.

Accepted Answer

A)  Inventory.
B)  Customer orders.
C)  Demand forecasts.
D)  All of the above.E) None of the above
F) All of the above

Question 15

If you were thinking about a washing machine as a system which of the following represents the process?

Accepted Answer

A)  The dirty clothes, water, and detergent.
B)  The clean clothes.
C)  The wash and rinse cycle.
D)  The light indicating that the washer is off balance and has stopped.E) A) and B)
F) A) and D)

Question 16

The challenge that companies today sometimes have is that they are departmentalized and act independently of each other. One solution that can help a company work ________ includes management information systems.

Accepted Answer

A)  Variables.
B)  Human resource data.
C)  Interdepartmentally.
D)  Resource information systems.E) None of the above
F) A) and D)

Question 17

Knowledge facilitators reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

Accepted Answer

A) True 
 B)False

Question 18

The actual hamburger is included in which category of making a hamburger?

Accepted Answer

A)  Input
B)  Process
C)  Output
D)  All of the aboveE) B) and C)
F) A) and D)

Question 19

Which of the following includes the roles and responsibilities of the CPO?

Accepted Answer

A)  Ensuring the speed, accuracy, availability, and reliability of the MIS.
B)  Ensuring the ethical and legal use of information within a company.
C)  Ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses.
D)  Ensuring that MIS strategically aligns with business goals and objectives.E) A) and D)
F) A) and C)

Question 20

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

Accepted Answer

A)  Netflix.
B)  Dell.
C)  Zappos.
D)  Amazon.E) A) and C)
F) A) and D)

Exam 1: Management Information Systems: Business Driven MIS

Correct Answer
verified

The challenge that companies today sometimes have is that they are departmentalized and act independently of each other. One solution that can help a company work ________ includes management information systems.

Correct Answer
verified

What uses techniques that create models indicating the best decision to make or course of action to take?

Correct Answer
verified

Correct Answer
verified

Predictive analytics use techniques that extract information from data and use it to predict future trends and identify behavioral patterns.

Correct Answer
verified

The sales department needs to rely on information from operations to understand ________.

Correct Answer
verified

The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ________.

Correct Answer
verified

The actual hamburger is included in which category of making a hamburger?

Correct Answer
verified

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

Correct Answer
verified

Big data is a collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.

Correct Answer
verified

If you were thinking about a washing machine as a system which of the following represents the process?

Correct Answer
verified

Explain why competitive advantages are temporary.

Correct Answer
verified
A competitive advantage is a feature of ...
View Answer

A ________ features a product or service on which customers place a greater value than they do on similar offerings from competitors.

Correct Answer
verified

Structured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Correct Answer
verified

Knowledge facilitators reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

Correct Answer
verified

Which of the following describes a stakeholder?

Correct Answer
verified

Which of the following includes the roles and responsibilities of the CPO?

Correct Answer
verified

In a SWOT analysis, opportunities and threats originate ________ an organization.

Correct Answer
verified

When applying Porter's three generic strategies, Tiffany & Co. has a competitive scope and cost strategy that is ________.

Correct Answer
verified

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

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

Correct AnswerverifiedShow Answer

The challenge that companies today sometimes have is that they are departmentalized and act independently of each other. One solution that can help a company work ________ includes management information systems.

Correct AnswerverifiedShow Answer

What uses techniques that create models indicating the best decision to make or course of action to take?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Predictive analytics use techniques that extract information from data and use it to predict future trends and identify behavioral patterns.

Correct AnswerverifiedShow Answer

The sales department needs to rely on information from operations to understand ________.

Correct AnswerverifiedShow Answer

The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ________.

Correct AnswerverifiedShow Answer

The actual hamburger is included in which category of making a hamburger?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Big data is a collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.

Correct AnswerverifiedShow Answer

If you were thinking about a washing machine as a system which of the following represents the process?

Correct AnswerverifiedShow Answer

Explain why competitive advantages are temporary.

Correct AnswerverifiedA competitive advantage is a feature of ...View AnswerShow Answer

A ________ features a product or service on which customers place a greater value than they do on similar offerings from competitors.

Correct AnswerverifiedShow Answer

Structured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Correct AnswerverifiedShow Answer

Knowledge facilitators reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

Correct AnswerverifiedShow Answer

Which of the following describes a stakeholder?

Correct AnswerverifiedShow Answer

Which of the following includes the roles and responsibilities of the CPO?

Correct AnswerverifiedShow Answer

In a SWOT analysis, opportunities and threats originate ________ an organization.

Correct AnswerverifiedShow Answer

When applying Porter's three generic strategies, Tiffany & Co. has a competitive scope and cost strategy that is ________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
A competitive advantage is a feature of ...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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