Question 1

What are material items or products that customer's will buy to satisfy a want or need?

Accepted Answer

A)  Goods
B)  Services
C)  Production
D)  ProductivityE) A) and B)
F) All of the above

Question 2

The Victory Wireless store in Denver is currently offering a fabulous marketing strategy for potential new iPhone customers.Victory Wireless offers customers who purchase an iPhone with a 2-year subscription,a free Otter phone case,car charger,ear phones,and speakers.In terms of Porter's Five Forces what is Victory Wireless attempting to achieve with this marketing strategy?

Accepted Answer

A)  Increase buyer power.
B)  Increase substitute products.
C)  Decrease supplier power.
D)  Decrease buyer power.E) A) and B)
F) None of the above

Question 3

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 4

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger,Safeway,and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is this an example of in terms of Porter's Five Forces?

Accepted Answer

A)  Rivalry among new entrants.
B)  Rivalry among existing competitors.
C)  Threat of substitute products or services.
D)  Buyer power.E) B) and C)
F) A) and D)

Question 5

Which of the following demonstrates a company that has implemented a low cost,broad market strategy?

Accepted Answer

A)  Neiman Marcus.
B)  Payless Shoes.
C)  The Sharper Image.
D)  Walmart.E) A) and B)
F) A) and C)

Question 6

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

Accepted Answer

A)  Information.
B)  Knowledge.
C)  Fact.
D)  Data.E) All of the above
F) A) and D)

Question 7

Best-selling product by month compared to sports season and city team wins and losses is considered a type of business _________________.

Accepted Answer

The answer of Best-selling product by month compared to sports...

Question 8

Porter has identified three generic business strategies including focused,broad cost leadership,and switching strategy.

Accepted Answer

A) True 
 B)False

Question 9

Compare Porter's three generic strategies.

Accepted Answer

Organizations typically follow one of Po...

Question 10

Why do students need to study information technology?

Accepted Answer

A)  Information technology is everywhere in business
B)  Information technology is rarely discussed in business
C)  Information technology is rarely used in organizations
D)  Information technology is found in only a few businessesE) All of the above
F) C) and D)

Question 11

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

Accepted Answer

A)  Monetary datA.
B)  Technology data.
C)  Production data.
D)  Employee data.E) A) and D)
F) A) and C)

Question 12

Focused strategies concentrate on either cost leadership or ___________.

Accepted Answer

The answer of Focused strategies concentrate on either cost leadership...

Question 13

Which of the below represents procurement as part of the support value activities in a value chain analysis?

Accepted Answer

A)  Purchases inputs such as raw materials,resources,equipment and supplies.
B)  Applies MIS to processes to add value.
C)  Distributes goods and services to customers.
D)  Promotes,prices,and sells products to customers.E) A) and B)
F) A) and C)

Question 14

What is a competitive advantage?

Accepted Answer

A)  A product that an organization's customers place a lesser value on than similar offerings from a competitor.
B)  A feature of a product or service on which customers place a lesser value than they do on similar offerings from a supplier.
C)  A service that an organization's customers place a lesser value on than similar offerings from a supplier.
D)  A feature of a product or service on which customers place a greater value than they do on similar offerings from competitors.E) None of the above
F) A) and D)

Question 15

In the center of Porter's Five Forces model is competition.Which of the below represents the four outer boxes?

Accepted Answer

A)  Buyer power,systems power,threat of false entrants,and threat of substitute products or services
B)  Buyer power,systems power,threat of new entrants,and threat of substitute products or services
C)  Buyer power,supplier power,threat of new entrants,and threat of substitute products or services
D)  Business power,supplier power,threat of new entrants,and threat of powerful servicesE) A) and C)
F) B) and D)

Question 16

Who is responsible for ensuring the ethical and legal use of information within a company?

Accepted Answer

A)  Chief Knowledge Officer (CKO) .
B)  Chief Privacy Officer (CPO) .
C)  Chief Technology Officer (CTO) .
D)  Chief Information Officer (CIO) .E) A) and B)
F) C) and D)

Question 17

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

Accepted Answer

A)  Monetary datA.
B)  Transactional data.
C)  Production data.
D)  Employee data.E) B) and D)
F) A) and B)

Question 18

The __________ management department in a company manages the process of converting or transforming of resources into goods or services.

Accepted Answer

The answer of The __________ management department in a company...

Question 19

The department within a company that supports the sales by planning,pricing,and promoting goods or services is called ___________.

Accepted Answer

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

Question 20

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Accepted Answer

A)  Supplier power.
B)  Operations management.
C)  Porter's Five Forces Model.
D)  The Value Chain analysis.E) A) and C)
F) B) and C)

Exam 1: Management Information Systems: Business Driven MIS

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

Correct Answer
verified

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Correct Answer
verified

Which of the following demonstrates a company that has implemented a low cost,broad market strategy?

Correct Answer
verified

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger,Safeway,and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is this an example of in terms of Porter's Five Forces?

Correct Answer
verified

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

Correct Answer
verified

Which of the below represents procurement as part of the support value activities in a value chain analysis?

Correct Answer
verified

What is a competitive advantage?

Correct Answer
verified

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

Correct Answer
verified
We live in the information age,when infi...
View Answer

The department within a company that supports the sales by planning,pricing,and promoting goods or services is called ___________.

Correct Answer
verified

Focused strategies concentrate on either cost leadership or ___________.

Correct Answer
verified

What are material items or products that customer's will buy to satisfy a want or need?

Correct Answer
verified

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

Correct Answer
verified

Porter has identified three generic business strategies including focused,broad cost leadership,and switching strategy.

Correct Answer
verified

Who is responsible for ensuring the ethical and legal use of information within a company?

Correct Answer
verified

Why do students need to study information technology?

Correct Answer
verified

Compare Porter's three generic strategies.

Correct Answer
verified
Organizations typically follow one of Po...
View Answer

In the center of Porter's Five Forces model is competition.Which of the below represents the four outer boxes?

Correct Answer
verified

The __________ management department in a company manages the process of converting or transforming of resources into goods or services.

Correct Answer
verified

Best-selling product by month compared to sports season and city team wins and losses is considered a type of business _________________.

Correct Answer
verified

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

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

Correct AnswerverifiedShow Answer

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Correct AnswerverifiedShow Answer

Which of the following demonstrates a company that has implemented a low cost,broad market strategy?

Correct AnswerverifiedShow Answer

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger,Safeway,and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is this an example of in terms of Porter's Five Forces?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the below represents procurement as part of the support value activities in a value chain analysis?

Correct AnswerverifiedShow Answer

What is a competitive advantage?

Correct AnswerverifiedShow Answer

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

The department within a company that supports the sales by planning,pricing,and promoting goods or services is called ___________.

Correct AnswerverifiedShow Answer

Focused strategies concentrate on either cost leadership or ___________.

Correct AnswerverifiedShow Answer

What are material items or products that customer's will buy to satisfy a want or need?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Porter has identified three generic business strategies including focused,broad cost leadership,and switching strategy.

Correct AnswerverifiedShow Answer

Who is responsible for ensuring the ethical and legal use of information within a company?

Correct AnswerverifiedShow Answer

Why do students need to study information technology?

Correct AnswerverifiedShow Answer

Compare Porter's three generic strategies.

Correct AnswerverifiedOrganizations typically follow one of Po...View AnswerShow Answer

In the center of Porter's Five Forces model is competition.Which of the below represents the four outer boxes?

Correct AnswerverifiedShow Answer

The __________ management department in a company manages the process of converting or transforming of resources into goods or services.

Correct AnswerverifiedShow Answer

Best-selling product by month compared to sports season and city team wins and losses is considered a type of business _________________.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
We live in the information age,when infi...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Organizations typically follow one of Po...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified