Question 1

The threat of substitute products or services refers to the power of competitors to enter a new market.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

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

Question 3

Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A)  Information.
B)  Knowledge.
C)  Fact.
D)  Data.E) A) and D)
F) A) and C)

Question 5

Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's five forces model.Which of the following represents buyer power 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,coffee.
E)  Coke and Pepsi submit bids to the owner of a football stadium for the exclusive sale of their products during games.F) D) and E)
G) None of the above

Question 6

The __________ department tracks strategic financial issues including money,banking,credit,investments,and assets.

Accepted Answer

The answer of The __________ department tracks strategic financial issues...

Question 7

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) None of the above
F) All of the above

Question 8

The Chief Security Officer is responsible for ensuring the __________ of business systems and developing strategies and safeguards against attacks by hackers and viruses.

Accepted Answer

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

Question 9

What are services?

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 10

MIS can add value to both primary activities and support activities in the value chain.Which of the following is not an example of a company adding value by the use of MIS in a primary activity?

Accepted Answer

A)  Scottrade Corp.creating an online system for employees to track paychecks,benefits,wellness rewards program,and other employee benefit items.
B)  A system for the sales and marketing departments to track specific sales targets and follow up processes.
C)  An easy electronic survey,similar to the survey monkey,to be sent to the customer right after a service was completed.
D)  Royal Crest Dairy using their custom order and delivery system through an easily accessible Web portal for the customer to track delivery status.E) A) and C)
F) C) and D)

Question 11

Which of the following is included in Porter's Five Forces Model?

Accepted Answer

A)  Loyalty expenses.
B)  Supply chain management.
C)  The power of competitors.
D)  Systems thinking.E) A) and B)
F) C) and D)

Question 12

The age we live in has infinite quantities of facts that are widely available to anyone who can use a computer.What age is this statement referring to?

Accepted Answer

A)  Data age.
B)  Information age.
C)  Business intelligence age.
D)  All of the above.E) B) and D)
F) A) and B)

Question 13

When evaluating the value chain,all of the following are included in the primary value activities except:

Accepted Answer

A)  Inbound activities.
B)  Operations.
C)  Service.
D)  MIS development.E) A) and C)
F) C) and D)

Question 14

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)  Service.E) B) and C)
F) C) and D)

Question 15

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

Question 16

Who is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses?

Accepted Answer

A)  Chief Knowledge Officer (CKO) .
B)  Chief Security Office (CSO) .
C)  Chief Technology Officer (CTO) .
D)  Chief Information Officer (CIO) .E) A) and B)
F) B) and C)

Question 17

The information age is the present time,during which infinite quantities of facts are widely available to anyone who can use a computer.

Accepted Answer

A) True 
 B)False

Question 18

The accounting and finance departments primarily use monetary data.

Accepted Answer

A) True 
 B)False

Question 19

Your boss,Tom Repicci,has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a cost leadership strategy?

Accepted Answer

A)  Southwest,Horizon,Frontier,JetBlue.
B)  British Airways,Singapore Airlines,Virgin Atlantic.
C)  Sky Taxi - a rent by the hour personal plane service.
D)  All of the above.E) A) and B)
F) A) and C)

Question 20

Information is data converted into a meaningful and useful context.The truth about information is that its value is only as good as the people who use it.People using the same information can make different decisions depending on how they interpret or analyze the information.

Accepted Answer

A) True 
 B)False

Exam 1: Management Information Systems: Business Driven MIS

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

Correct AnswerverifiedShow Answer

Information is data converted into a meaningful and useful context.The truth about information is that its value is only as good as the people who use it.People using the same information can make different decisions depending on how they interpret or analyze the information.

Correct AnswerverifiedShow Answer

Who is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses?

Correct AnswerverifiedShow Answer

The information age is the present time,during which infinite quantities of facts are widely available to anyone who can use a computer.

Correct AnswerverifiedShow Answer

The accounting and finance departments primarily use monetary data.

Correct AnswerverifiedShow Answer

Which of the following is included in Porter's Five Forces Model?

Correct AnswerverifiedShow Answer

When evaluating the value chain,all of the following are included in the primary value activities except:

Correct AnswerverifiedShow Answer

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

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

The threat of substitute products or services refers to the power of competitors to enter a new market.

Correct AnswerverifiedShow Answer

What are services?

Correct AnswerverifiedShow Answer

The Chief Security Officer is responsible for ensuring the __________ of business systems and developing strategies and safeguards against attacks by hackers and viruses.

Correct AnswerverifiedShow Answer

The __________ department tracks strategic financial issues including money,banking,credit,investments,and assets.

Correct AnswerverifiedShow Answer

MIS can add value to both primary activities and support activities in the value chain.Which of the following is not an example of a company adding value by the use of MIS in a primary activity?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems is a form of knowledge.

Correct AnswerverifiedShow Answer

Your boss,Tom Repicci,has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a cost leadership strategy?

Correct AnswerverifiedShow Answer

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

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 buyer power in the soft drink industry?

Correct AnswerverifiedShow Answer

The age we live in has infinite quantities of facts that are widely available to anyone who can use a computer.What age is this statement referring to?

Correct AnswerverifiedShow Answer

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