Question 1

What evaluates industry attractiveness?

Accepted Answer

A)   SWOT Analysis
B)   The Five Forces Model
C)   Value Chain Analysis
D)   Three Generic StrategiesE) A) and B)
F) A) and C)

Question 2

A system is a collection of parts that link to achieve a common purpose.Systems thinking is a way of monitoring ________________.

Accepted Answer

A)   the entire system
B)   a division within the sales role
C)   the executive team
D)   the company's competitorsE) A) and B)
F) None of the above

Question 3

Unstructured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Accepted Answer

A) True 
 B)False

Question 4

Which group of stakeholder's primary interests include fair compensation,job security,and ethical conduct/treatment?

Accepted Answer

A)   Employees
B)   Shareholders/investors
C)   Community
D)   CustomersE) A) and B)
F) A) and C)

Question 5

In a SWOT analysis,strengths and weaknesses originate __________ an organization.

Accepted Answer

A)   inside (internally) 
B)   outside (externally) 
C)   Both inside and outside
D)   None of these choicesE) A) and B)
F) A) and C)

Question 6

There are many challenges to changing doctors,including transferring medical records and losing the doctor-patient relationship along with the doctor's knowledge of the patient's history.Changing doctors provides a great example of switching costs.

Accepted Answer

A) True 
 B)False

Question 7

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 customerE) None of the above
F) All of the above

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's Five Forces model.Which of the following represents a threat of a new entrant 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) A) and C)
F) A) and B)

Question 10

The chief intellectual property officer (CIPO)is responsible for collecting,maintaining,and distributing the organization's knowledge.

Accepted Answer

A) True 
 B)False

Question 11

In terms of system thinking,what is the computer program that processes the data?

Accepted Answer

A)   Input
B)   Output
C)   Process
D)   FeedbackE) None of the above
F) A) and B)

Question 12

According to Fast Company magazine,chief intellectual property officer is a new executive level we might see created over the next decade.Which of the following includes the roles and responsibilities of this officer?

Accepted Answer

A)   Manage and defend intellectual property,copy-rights and patents
B)   Determines if a person or business process can be replaced by a robot or software
C)   Create the optimal relationship between user and technology
D)   Ensure the ethical and legal use of information within an organizationE) A) and B)
F) C) and D)

Question 13

Which of the following is a tool a manager can use to analyze competitive intelligence and identify competitive advantages?

Accepted Answer

A)   The Three Generic Strategies
B)   The threat of substitute buyer power
C)   Differentiated costs
D)   Supplier loyaltyE) A) and C)
F) None of the above

Question 14

In terms of system thinking,what controls to ensure correct processes?

Accepted Answer

A)   Input
B)   Output
C)   Process
D)   FeedbackE) A) and B)
F) C) and D)

Question 15

Where would you categorize threats in a SWOT analysis?

Accepted Answer

A)   Internal,helpful
B)   Internal,harmful
C)   External,helpful
D)   External,harmfulE) All of the above
F) A) and D)

Question 16

A snapshot is a view of data at a particular moment in time.

Accepted Answer

A) True 
 B)False

Question 17

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 inputsE) B) and D)
F) All of the above

Question 18

What refers to devices that connect directly to other devices?

Accepted Answer

A)   Internet of Things
B)   Predictive analytics
C)   Machine to machine
D)   Flat worldE) None of the above
F) All of the above

Question 19

In terms of system thinking,what is process?

Accepted Answer

A)   Data entered in a computer
B)   Controls to ensure correct processes
C)   The resulting information from the computer program
D)   The computer program that processes the dataE) B) and C)
F) All of the above

Question 20

What is a value chain analysis?

Accepted Answer

A)   Evaluates an organization's strengths,weaknesses,opportunities,and threats to identify significant influences that work for or against business strategies.
B)   Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
C)   Views a firm as a series of business processes,each of which adds value to the product or service.
D)   Generic business strategies that are neither organization nor industry specific and can be applied to any business,product,or service.E) A) and D)
F) B) and D)

Exam 1: Management Information Systems: Business Driven MIS

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

Correct AnswerverifiedShow Answer

Where would you categorize threats in a SWOT analysis?

Correct AnswerverifiedShow Answer

What are services?

Correct AnswerverifiedShow Answer

What refers to devices that connect directly to other devices?

Correct AnswerverifiedShow Answer

What evaluates industry attractiveness?

Correct AnswerverifiedShow Answer

The chief intellectual property officer (CIPO)is responsible for collecting,maintaining,and distributing the organization's knowledge.

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 a threat of a new entrant in the soft drink industry?

Correct AnswerverifiedShow Answer

There are many challenges to changing doctors,including transferring medical records and losing the doctor-patient relationship along with the doctor's knowledge of the patient's history.Changing doctors provides a great example of switching costs.

Correct AnswerverifiedShow Answer

Which of the following is a tool a manager can use to analyze competitive intelligence and identify competitive advantages?

Correct AnswerverifiedShow Answer

In terms of system thinking,what is the computer program that processes the data?

Correct AnswerverifiedShow Answer

In a SWOT analysis,strengths and weaknesses originate __________ an organization.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In terms of system thinking,what is process?

Correct AnswerverifiedShow Answer

Unstructured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Correct AnswerverifiedShow Answer

According to Fast Company magazine,chief intellectual property officer is a new executive level we might see created over the next decade.Which of the following includes the roles and responsibilities of this officer?

Correct AnswerverifiedShow Answer

A system is a collection of parts that link to achieve a common purpose.Systems thinking is a way of monitoring ________________.

Correct AnswerverifiedShow Answer

A snapshot is a view of data at a particular moment in time.

Correct AnswerverifiedShow Answer

In terms of system thinking,what controls to ensure correct processes?

Correct AnswerverifiedShow Answer

Which group of stakeholder's primary interests include fair compensation,job security,and ethical conduct/treatment?

Correct AnswerverifiedShow Answer

What is a value chain analysis?

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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified