Question 1

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 barrier.E) All of the above
F) A) and D)

Question 2

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following offers an example of a company operating in a narrow focused-market operating as the low-cost provider?

Accepted Answer

A)  Walmart.
B)  Tiffany & Co.
C)  Neiman Marcus.
D)  Payless Shoes.E) B) and D)
F) A) and B)

Question 4

What is productivity?

Accepted Answer

A)  Material items or products that customer's will buy to satisfy a want or need.
B)  Tasks performed by people that customer's will buy to satisfy a want or need.
C)  The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.
D)  The rate at which goods and services are produced based upon total output given total inputs.E) A) and B)
F) A) and C)

Question 5

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's five forces model.Which of the following represents the threat of substitute products or services in the music industry?

Accepted Answer

A)  Established record labels like EMI,Sony,Universal.
B)  Independent record labels.
C)  Game systems like Wii,social networks like Facebook.
D)  Taylor Swift,Beyonce,The Beatles,The Stones.E) C) and D)
F) None of the above

Question 6

Which of the following is not considered a core driver of the information age?

Accepted Answer

A)  Information.
B)  Business Intelligence.
C)  Competitive Intelligence.
D)  Data.E) C) and D)
F) B) and D)

Question 7

The threat of substitute products or services refers to the power of customers to purchase alternatives.

Accepted Answer

A) True 
 B)False

Question 8

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

Accepted Answer

A)  Broad differentiation.
B)  Supplier cost differentiation.
C)  Focused strategy.
D)  Broad cost leadership.E) A) and B)
F) B) and D)

Question 9

Successful companies today operate cross-functionally,integrating the operations of all departments.

Accepted Answer

A) True 
 B)False

Question 10

Which of the below represents a company in a supply chain?

Accepted Answer

A)  Customer and competitor.
B)  Supplier and competitor.
C)  Knowledge worker and supplier.
D)  Supplier and customer.E) B) and C)
F) A) and C)

Question 11

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

Accepted Answer

The answer of The Chief __________ Officer is responsible for...

Question 12

A __________ features a product or service on which customers place a greater value than they do on similar offerings from competitors.

Accepted Answer

A)  Competitive advantage
B)  Competitor advantage
C)  Power advantage
D)  First mover advantageE) None of the above
F) C) and D)

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Production is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is not considered a core driver of the information age?

Accepted Answer

A)  Information.
B)  Business Intelligence.
C)  Knowledge.
D)  All of the above.E) A) and B)
F) All of the above

Question 16

________ costs is a common business strategy.

Accepted Answer

The answer of ________ costs is a common business strategy....

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

When applying Porter's three generic strategies,Tiffany & Co.has a competitive scope and cost strategy that is _________.

Accepted Answer

A)  Broad market - high cost strategy
B)  Narrow market - low cost strategy
C)  Narrow market - high cost strategy
D)  Broad market - low cost strategyE) A) and B)
F) A) and C)

Question 19

Which of the following is considered a service?

Accepted Answer

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

Question 20

The finance department performs the function of selling goods or services.

Accepted Answer

A) True 
 B)False

Exam 1: Management Information Systems: Business Driven MIS

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

Correct AnswerverifiedShow Answer

________ costs is a common business strategy.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Successful companies today operate cross-functionally,integrating the operations of all departments.

Correct AnswerverifiedShow Answer

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

Correct AnswerverifiedShow Answer

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's five forces model.Which of the following represents the threat of substitute products or services in the music industry?

Correct AnswerverifiedShow Answer

The finance department performs the function of selling goods or services.

Correct AnswerverifiedShow Answer

Which of the following offers an example of a company operating in a narrow focused-market operating as the low-cost provider?

Correct AnswerverifiedShow Answer

Which of the following is not considered a core driver of the information age?

Correct AnswerverifiedShow Answer

Which of the below represents a company in a supply chain?

Correct AnswerverifiedShow Answer

The threat of substitute products or services refers to the power of customers to purchase alternatives.

Correct AnswerverifiedShow Answer

Which of the following is not considered a core driver of the information age?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A __________ features a product or service on which customers place a greater value than they do on similar offerings from competitors.

Correct AnswerverifiedShow Answer

Which of the following is considered a service?

Correct AnswerverifiedShow Answer

Production is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Correct AnswerverifiedShow Answer

What is productivity?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

When applying Porter's three generic strategies,Tiffany & Co.has a competitive scope and cost strategy that is _________.

Correct AnswerverifiedShow Answer

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Correct AnswerverifiedShow Answer

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