Question 1

Companies today are successful when they combine the power of the information age with traditional business methods.

Accepted Answer

A) True 
 B)False

Question 2

If a supplier has high power what can it do to influence its industry?

Accepted Answer

A)  Charge higher prices.
B)  Shift costs to industry participants.
C)  Limit quality or services.
D)  All of the above.E) B) and C)
F) A) and D)

Question 3

When analyzing Porter's three generic strategies for entering a market,if you have a focused strategy what market should you target?

Accepted Answer

A)  A niche market.
B)  A broad market.
C)  Neither niche nor broad markets.
D)  Both niche and broad markets.E) B) and C)
F) A) and B)

Question 4

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

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 forwarD.E) C) and D)
F) A) and B)

Question 5

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

Accepted Answer

A)  Increase in productivity,decrease in profits
B)  Increase in productivity,increase in profits
C)  Decrease in productivity,decrease in profits
D)  Decrease in productivity,increase in profitsE) B) and D)
F) None of the above

Question 6

MIS is a tool that is most valuable when it leverages the talents of people who know how to use and manage it effectively.

Accepted Answer

A) True 
 B)False

Question 7

What is one of the most common ways a company can decrease supplier power?

Accepted Answer

A)  Charge lower prices.
B)  Charge higher prices.
C)  Use MIS to find and create alternative products.
D)  Companies cannot impact supplier power.E) None of the above
F) A) and B)

Question 8

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 strategy.E) A) and B)
F) A) and C)

Question 9

Attracting new customers,decreasing costs,and entering new markets are all examples of business strategies.

Accepted Answer

A) True 
 B)False

Question 10

The value chain will group a company's activities into two categories: primary value activities and support value activities.

Accepted Answer

A) True 
 B)False

Question 11

A business process is a standardized set of activities that accomplish a specific task,such as processing a customer's order.

Accepted Answer

A) True 
 B)False

Question 12

The department within a company that records,measures,and reports monetary transactions is called _______________.

Accepted Answer

A)  Accounting.
B)  Marketing.
C)  Finance.
D)  Operations Management.E) B) and C)
F) B) and D)

Question 13

Which of the following represents the core drivers of the information age?

Accepted Answer

A)  Data,Information,Business Intelligence,Knowledge.
B)  Fact,Data,Intelligence,Experience.
C)  Fact,Intelligence,Business Skills,Knowledge.
D)  Data,Intelligence,Business Information,Knowledge.E) C) and D)
F) A) and D)

Question 14

What is the primary responsibility of the CTO?

Accepted Answer

A)  Overseeing all uses of MIS.
B)  Ensuring the security of business systems.
C)  Ensuring speed,accuracy,and reliability for MIS.
D)  Collecting and distributing company information.E) A) and B)
F) C) and D)

Question 15

The chief technology officer is responsible for ensuring the speed,accuracy,availability,and reliability for MIS.

Accepted Answer

A) True 
 B)False

Question 16

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).

Accepted Answer

A) True 
 B)False

Question 17

When evaluating the value chain,which of the following is included in the support value activities?

Accepted Answer

A)  Inbound activities.
B)  Marketing and sales.
C)  Firm infrastructure.
D)  Finance and sales.E) All of the above
F) A) and D)

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Explain systems thinking and how management information systems enable business communications.

Accepted Answer

A system is a collection of parts that l...

Question 20

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

Exam 1: Management Information Systems: Business Driven MIS

Attracting new customers,decreasing costs,and entering new markets are all examples of business strategies.

Correct AnswerverifiedShow Answer

What is one of the most common ways a company can decrease supplier power?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A business process is a standardized set of activities that accomplish a specific task,such as processing a customer's order.

Correct AnswerverifiedShow Answer

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).

Correct AnswerverifiedShow Answer

Which of the following represents the core drivers of the information age?

Correct AnswerverifiedShow Answer

What is the primary responsibility of the CTO?

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

The chief technology officer is responsible for ensuring the speed,accuracy,availability,and reliability for MIS.

Correct AnswerverifiedShow Answer

Explain systems thinking and how management information systems enable business communications.

Correct AnswerverifiedA system is a collection of parts that l...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

When evaluating the value chain,which of the following is included in the support value activities?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

When analyzing Porter's three generic strategies for entering a market,if you have a focused strategy what market should you target?

Correct AnswerverifiedShow Answer

Companies today are successful when they combine the power of the information age with traditional business methods.

Correct AnswerverifiedShow Answer

If a supplier has high power what can it do to influence its industry?

Correct AnswerverifiedShow Answer

MIS is a tool that is most valuable when it leverages the talents of people who know how to use and manage it effectively.

Correct AnswerverifiedShow Answer

The department within a company that records,measures,and reports monetary transactions is called _______________.

Correct AnswerverifiedShow Answer

The value chain will group a company's activities into two categories: primary value activities and support value activities.

Correct AnswerverifiedShow Answer

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A system is a collection of parts that l...
View Answer

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