Question 1

Which of the following is considered a service?

Accepted Answer

A)  Cars
B)  Groceries
C)  Cutting hair
D)  All of the aboveE) B) and C)
F) C) and D)

Question 2

The business decisions made by the finance department include investment data, monetary data, and reporting data.

Accepted Answer

A) True 
 B)False

Question 3

What is threat of substitute products or services?

Accepted Answer

A)  The ability of buyers to affect the price they must pay for an item.
B)  The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services) .
C)  High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market.
D)  High when there are many alternatives to a product or service and low when there are few alternatives from which to choose.E) A) and C)
F) None of the above

Question 4

When evaluating the value chain, all of the following are included in the primary value activities except ________.

Accepted Answer

A)  Inbound activities.
B)  Operations.
C)  Service.
D)  MIS development.E) None of the above
F) B) and C)

Question 5

Which data types are typically found in the marketing department?

Accepted Answer

A)  Promotion data, sales data, advertising data.
B)  Employee data, promotion data, vacation data.
C)  Investment data, monetary data, reporting data.
D)  Transactional data, purchasing data, payroll data, tax data.E) B) and D)
F) B) and C)

Question 6

The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a ________ or ________.

Accepted Answer

A)  Focused strategy, product differentiation
B)  Focused strategy, cost advantage
C)  Cost advantage, primary value activities
D)  Cost advantage, product differentiationE) B) and C)
F) None of the above

Question 7

What type of report changes automatically during creation?

Accepted Answer

A)  Static report.
B)  Dynamic report.
C)  Variable report.
D)  Structured report.E) A) and B)
F) All of the above

Question 8

Who is responsible for determining the types of information the enterprise will capture, retain, analyze, and share?

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 D)
F) B) and C)

Question 9

Porter's Five Forces Model outlines the process for a sales strategy.

Accepted Answer

A) True 
 B)False

Question 10

Who is responsible for ensuring the ethical and legal use of information within a company?

Accepted Answer

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

Question 11

What executes business strategy?

Accepted Answer

A)  SWOT Analysis
B)  The Five Forces Model
C)  Value Chain Analysis
D)  Three Generic StrategiesE) B) and C)
F) A) and D)

Question 12

When a company is the first to market with a competitive advantage, this is called a first-mover advantage. All of the following companies were first-movers except ________.

Accepted Answer

A)  FedEx - online self-service software.
B)  Apple - iPad.
C)  Apple - iPod.
D)  Microsoft - Bing Search Engine.E) A) and D)
F) None of the above

Question 13

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

Accepted Answer

A) True 
 B)False

Exam 1: Management Information Systems: Business Driven MIS

Which data types are typically found in the marketing department?

Correct Answer
verified

The business decisions made by the finance department include investment data, monetary data, and reporting data.

Correct Answer
verified

Who is responsible for determining the types of information the enterprise will capture, retain, analyze, and share?

Correct Answer
verified

What executes business strategy?

Correct Answer
verified

Porter's Five Forces Model outlines the process for a sales strategy.

Correct Answer
verified

When evaluating the value chain, all of the following are included in the primary value activities except ________.

Correct Answer
verified

Which of the following is considered a service?

Correct Answer
verified

What type of report changes automatically during creation?

Correct Answer
verified

The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a or .

Correct Answer
verified

Who is responsible for ensuring the ethical and legal use of information within a company?

Correct Answer
verified

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

Correct Answer
verified

When a company is the first to market with a competitive advantage, this is called a first-mover advantage. All of the following companies were first-movers except ________.

Correct Answer
verified

What is threat of substitute products or services?

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

Which data types are typically found in the marketing department?

Correct AnswerverifiedShow Answer

The business decisions made by the finance department include investment data, monetary data, and reporting data.

Correct AnswerverifiedShow Answer

Who is responsible for determining the types of information the enterprise will capture, retain, analyze, and share?

Correct AnswerverifiedShow Answer

What executes business strategy?

Correct AnswerverifiedShow Answer

Porter's Five Forces Model outlines the process for a sales strategy.

Correct AnswerverifiedShow Answer

When evaluating the value chain, all of the following are included in the primary value activities except ________.

Correct AnswerverifiedShow Answer

Which of the following is considered a service?

Correct AnswerverifiedShow Answer

What type of report changes automatically during creation?

Correct AnswerverifiedShow Answer

The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a ________ or ________.

Correct AnswerverifiedShow Answer

Who is responsible for ensuring the ethical and legal use of information within a company?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

When a company is the first to market with a competitive advantage, this is called a first-mover advantage. All of the following companies were first-movers except ________.

Correct AnswerverifiedShow Answer

What is threat of substitute products or services?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a or .

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified