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Exam 1: Management Information Systems: Business Driven MIS

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Question 121

True/False

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Using data and information to make decisions and solve problems is the key to finding success in business.These are also the core drivers of the information age and the building blocks of business systems.

A) True
B) False

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Question 122

True/False

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If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

A) True
B) False

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Question 123

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All of the following are common tools used in industry to analyze and develop competitive advantages,except:

Assume you are in the business of producing and selling t-shirts.If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

Which of the following represents a reason why competitive advantages are typically temporary?

Buyer power is included as one of Porter's three generic strategies.

The information __________ is when infinite quantities of fact are widely available to anyone who can use a computer.

A __________ chain analysis views a firm as a series of business processes that each adds value to the product or service.

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

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials,labor,and services).

The core drivers of the information age are data,knowledge,business intelligence and ____________.

Trina Hauger works for Johnson Electric as a corporate lawyer and part of her duties are to ensure the ethical and legal use of information within the company.Which of the following represents Trina's role at Johnson Electric?

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

What are the two main categories in a value chain analysis?

Today's workers are commonly referred to as _____________ workers who use business intelligence along with personal experience to make decisions.

Information is data converted into useful,meaningful context.What are data characteristics that change or vary over time?

Which of the following is considered a good?

Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod,iPhone,and iPad.What are these all examples of?

How are the majority of companies today typically organized?

__________ are tasks performed by people that customer's will buy to satisfy a want or need.