Question 1

Why do students need to study information technology?

Accepted Answer

A)  Information technology is everywhere in business.
B)  Information technology is frequently discussed in business.
C)  Information technology is frequently used in organizations.
D)  All of these are correct.E) A) and B)
F) All of the above

Question 2

Who is responsible for ensuring the speed, accuracy, availability, and reliability of the management information systems 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) None of the above
F) B) and D)

Question 3

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 4

Kevin is an incoming freshman at your college.Kevin is frustrated by the cost of books, tuition, and expenses and he also needs to purchase a rather expensive laptop.In an effort to save money, Kevin organizes a Facebook group with other college students who need to purchase laptops.Soon, Kevin's Facebook group has close to 100,000 students.Kevin decides to collectively approach different computer companies to see if his group qualifies for a special discount.What business strategy is Kevin using to purchase laptops?

Accepted Answer

A)  collecting business intelligence
B)  decreasing entry barriers
C)  purchasing a substitute product
D)  increasing buyer powerE) A) and B)
F) A) and C)

Question 5

What is a SWOT analysis?

Accepted Answer

A)  evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
B)  analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
C)  views a firm as a series of business processes, each of which adds value to the product or service
D)  generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or serviceE) A) and B)
F) C) and D)

Question 6

Which of the following is not considered a category within the support value activities in a value chain analysis?

Accepted Answer

A)  technology development
B)  outbound logistics
C)  human resource management
D)  firm infrastructureE) B) and C)
F) A) and D)

Question 7

A standardized set of activities that accomplish a specific task is called a supply chain component.

Accepted Answer

A) True 
 B)False

Question 8

Order date, amount sold, and customer number are all forms of data.

Accepted Answer

A) True 
 B)False

Question 9

Zappos is not a technology company; its primary business focus is to sell books.

Accepted Answer

A) True 
 B)False

Question 10

A first-mover advantage is the process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed.

Accepted Answer

A) True 
 B)False

Question 11

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a focused strategy?

Accepted Answer

A)  Southwest, Horizon, Frontier, JetBlue
B)  British Airways, Singapore Airlines, Virgin Atlantic
C)  Sky Taxi - a rent by the hour personal plane service
D)  All of these are correct.E) B) and C)
F) A) and B)

Question 12

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

Accepted Answer

A) True 
 B)False

Question 13

Which department manages the process of converting or transforming resources into goods or services?

Accepted Answer

A)  sales
B)  operations management
C)  accounting
D)  financeE) C) and D)
F) None of the above

Question 14

What is a value chain analysis?

Accepted Answer

A)  evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
B)  analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
C)  views a firm as a series of business processes, each of which adds value to the product or service
D)  generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or serviceE) B) and D)
F) B) and C)

Question 15

Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?

Accepted Answer

A)  Suppliers can drive down profits by charging more for supplies.
B)  New market entrants can steal potential investment capital.
C)  Substitute products can steal customers.
D)  Competition can steal customers.E) C) and D)
F) None of the above

Question 16

Why do students need to study information technology?

Accepted Answer

A)  Information technology is everywhere in business.
B)  Information technology is rarely discussed in business.
C)  Information technology is rarely used in organizations.
D)  Information technology is found in only a few businesses.E) A) and D)
F) B) and C)

Question 17

Which activities belong in the finance department?

Accepted Answer

A)  records, measures, and reports monetary transactions
B)  tracks strategic financial issues, including money, banking, credit, investments, and assets
C)  supports sales by planning, pricing, and promoting goods or services is marketing
D)  relies on information from operations to understand inventory, place orders, and forecast consumer demandE) All of the above
F) C) and D)

Question 18

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 chainE) B) and C)
F) None of the above

Question 19

The department within a company that performs the function of selling goods or services is called _______________.

Accepted Answer

A)  marketing
B)  sales
C)  finance
D)  operations managementE) None of the above
F) B) and D)

Question 20

Bread, cheese, and butter are included in the process of making a grilled cheese sandwich.

Accepted Answer

A) True 
 B)False

Exam 1: Management Information Systems: Business Driven MIS

A standardized set of activities that accomplish a specific task is called a supply chain component.

Correct Answer
verified

Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?

Correct Answer
verified

Why do students need to study information technology?

Correct Answer
verified

Who is responsible for ensuring the speed, accuracy, availability, and reliability of the management information systems within a company?

Correct Answer
verified

Order date, amount sold, and customer number are all forms of data.

Correct Answer
verified

A first-mover advantage is the process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed.

Correct Answer
verified

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

Correct Answer
verified

Which department manages the process of converting or transforming resources into goods or services?

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified

What is a SWOT analysis?

Correct Answer
verified

Bread, cheese, and butter are included in the process of making a grilled cheese sandwich.

Correct Answer
verified

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a focused strategy?

Correct Answer
verified

Zappos is not a technology company; its primary business focus is to sell books.

Correct Answer
verified

Which activities belong in the finance department?

Correct Answer
verified

Why do students need to study information technology?

Correct Answer
verified

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?

Correct Answer
verified

What is a value chain analysis?

Correct Answer
verified

The department within a company that performs the function of selling goods or services is called _______________.

Correct Answer
verified

Which of the following is not considered a category within the support value activities in a value chain analysis?

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

A standardized set of activities that accomplish a specific task is called a supply chain component.

Correct AnswerverifiedShow Answer

Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?

Correct AnswerverifiedShow Answer

Why do students need to study information technology?

Correct AnswerverifiedShow Answer

Who is responsible for ensuring the speed, accuracy, availability, and reliability of the management information systems within a company?

Correct AnswerverifiedShow Answer

Order date, amount sold, and customer number are all forms of data.

Correct AnswerverifiedShow Answer

A first-mover advantage is the process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed.

Correct AnswerverifiedShow Answer

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

Correct AnswerverifiedShow Answer

Which department manages the process of converting or transforming resources into goods or services?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

What is a SWOT analysis?

Correct AnswerverifiedShow Answer

Bread, cheese, and butter are included in the process of making a grilled cheese sandwich.

Correct AnswerverifiedShow Answer

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a focused strategy?

Correct AnswerverifiedShow Answer

Zappos is not a technology company; its primary business focus is to sell books.

Correct AnswerverifiedShow Answer

Which activities belong in the finance department?

Correct AnswerverifiedShow Answer

Why do students need to study information technology?

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

What is a value chain analysis?

Correct AnswerverifiedShow Answer

The department within a company that performs the function of selling goods or services is called _______________.

Correct AnswerverifiedShow Answer

Which of the following is not considered a category within the support value activities in a value chain analysis?

Correct AnswerverifiedShow Answer

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