Question 1

Firm infrastructure and human resource management are part of the primary value activities.

Accepted Answer

A) True 
 B)False

Question 2

Which of the below is the key term that defines the confirmation or validation of an event or object?

Accepted Answer

A)   Buyer power
B)   Data
C)   Fact
D)   Entry barrierE) None of the above
F) A) and B)

Question 3

Businesses rarely need to update business strategies as the business environment remains relatively stable.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following are included as potential external weaknesses in a SWOT analysis that are harmful to an organization?

Accepted Answer

A)   Core competencies,market leaders,cost advantages,excellent management
B)   Lack of strategic direction,obsolete technologies,lack of managerial talent,outdated,product line
C)   Expanded product line,increase in demand,new markets,new regulations
D)   New entrants,substitute products,shrinking markets,costly regulatory,requirementsE) C) and D)
F) A) and D)

Question 5

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 these choicesE) C) and D)
F) None of the above

Question 6

Data is useful for understanding individual sales,but to gain deeper insight into a business data needs to be turned into information.Which of the following offers an example of turning data into information?

Accepted Answer

A)   Who are my best customers?
B)   What is my best-selling product?
C)   What is my worst-selling product?
D)   All of these choicesE) A) and C)
F) C) and D)

Question 7

According to Fast Company magazine,which of the following executive levels might we see created over the next decade?

Accepted Answer

A)   Chief intellectual property officer
B)   Chief automation officer
C)   Chief user experience officer
D)   All of these choicesE) B) and C)
F) A) and D)

Question 8

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 supplier power.

Accepted Answer

A) True 
 B)False

Question 9

How can a company reduce the threat of substitute products or services?

Accepted Answer

A)   Market the product to less than ten customers
B)   Ignore competitive forces
C)   Offer additional value through wider product distribution
D)   Offer less value making the product far more generic and similar to the competitionE) All of the above
F) A) and B)

Question 10

When reviewing Porter's value chain analysis,which of the below provides customer support after the sale of goods and services?

Accepted Answer

A)   Inbound logistics
B)   Outbound logistics
C)   Operations
D)   ServiceE) A) and D)
F) C) and D)

Question 11

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) A) and D)
F) B) and D)

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 substitute product 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,coffeeE) None of the above
F) A) and B)

Question 13

Describe the information age and the differences between data,information,business intelligence,and knowledge.

Accepted Answer

We live in the information age,when infi...

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

For an organization to succeed,every department or functional area must work independently to be most effective.

Accepted Answer

A) True 
 B)False

Question 16

If you were thinking about a home theater system which of the following represents the inputs?

Accepted Answer

A)   The DVD player,DVD movie,speakers,TV,and electricity
B)   Playing the movie including the audio through the speakers and the video on the TV
C)   A message stating that the disk is dirty and cannot be played
D)   Spinning the disk to play,pause,rewind,or fast forwardE) B) and C)
F) C) and D)

Question 17

Which of the following statements is correct when considering a SWOT analysis?

Accepted Answer

A)   Strengths and weaknesses originate inside an organization
B)   Opportunities and threats originate inside an organization
C)   Strengths and threats originate inside an organization
D)   Opportunities and weaknesses organization outside an organizationE) A) and B)
F) B) and D)

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 timeE) A) and D)
F) None of the above

Question 19

A fact is the confirmation or validation of an event or object.In the past,people primarily learned facts from books.

Accepted Answer

A) True 
 B)False

Question 20

Feedback is information that returns to its original transmitter and modifies the transmitter's actions.What would the original transmitter include?

Accepted Answer

A)   Input,transform,output
B)   Input,transform,outnumber
C)   Output,input,performer
D)   Input,process,transformE) B) and D)
F) C) and D)

Exam 1: Management Information Systems: Business Driven MIS

Describe the information age and the differences between data,information,business intelligence,and knowledge.

Correct AnswerverifiedWe live in the information age,when infi...View AnswerShow Answer

Businesses rarely need to update business strategies as the business environment remains relatively stable.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following represents the definition of a variable?

Correct AnswerverifiedShow Answer

Firm infrastructure and human resource management are part of the primary value activities.

Correct AnswerverifiedShow Answer

For an organization to succeed,every department or functional area must work independently to be most effective.

Correct AnswerverifiedShow Answer

Which of the following are included as potential external weaknesses in a SWOT analysis that are harmful to an organization?

Correct AnswerverifiedShow Answer

If you were thinking about a home theater system which of the following represents the inputs?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Data is useful for understanding individual sales,but to gain deeper insight into a business data needs to be turned into information.Which of the following offers an example of turning data into information?

Correct AnswerverifiedShow Answer

When reviewing Porter's value chain analysis,which of the below provides customer support after the sale of goods and services?

Correct AnswerverifiedShow Answer

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 supplier power.

Correct AnswerverifiedShow Answer

Which of the following statements is correct when considering a SWOT analysis?

Correct AnswerverifiedShow Answer

A fact is the confirmation or validation of an event or object.In the past,people primarily learned facts from books.

Correct AnswerverifiedShow Answer

According to Fast Company magazine,which of the following executive levels might we see created over the next decade?

Correct AnswerverifiedShow Answer

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 substitute product in the soft drink industry?

Correct AnswerverifiedShow Answer

How can a company reduce the threat of substitute products or services?

Correct AnswerverifiedShow Answer

Which of the below is the key term that defines the confirmation or validation of an event or object?

Correct AnswerverifiedShow Answer

Feedback is information that returns to its original transmitter and modifies the transmitter's actions.What would the original transmitter include?

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

Correct Answer
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