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Exam 1: Management Information Systems: Business Driven MIS

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Question 121

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The accounting and finance departments primarily use monetary data.

A) True
B) False

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Question 122

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___________ is not a technology company but it used technology to revamp the video rental business.

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Question 123

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Which of the following represents a typical supply chain?

The __________ chain consists of all parties involved,directly or indirectly,in obtaining raw materials or a product.

Porter has identified three _________ business strategies for entering a new market: 1)broad cost leadership,2)broad differentiation,and 3)focused strategy.

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

Which of the following statements is true?

_________ new customers is a common business strategy.

Which of the following is considered information?

The Chief Information Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with _________ goals and objectives.

The Chief ___________ Officer is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS.

Cars,groceries,and clothing belong in which category?

The Porter's Five Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for __________ in an industry.

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

Explain why competitive advantages are temporary.

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

What is information?

Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence.The firm went bankrupt when people began taking digital pictures.Polaroid provides a great example of Porter's threat of new entrants.

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

The operations management department manages the process of converting or transforming resources into goods or services.