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Exam 1: Management Information Systems: Business Driven MIS

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Question 31

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Focused strategies concentrate on either cost leadership or __________.

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Question 32

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When a company is the first to market with a competitive advantage,this is called a first-mover advantage.All of the following companies were first-movers except ___________.

A) FedEx - the online self-service software
B) Apple - iPad
C) Apple - iPod
D) Microsoft - Bing Search Engine

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

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Question 33

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What is business intelligence?

Susan Stewart is an executive at Equity Title where she is responsible for collecting,maintaining and distributing knowledge for the company.What is Susan's role at Equity Title?

The operations management department manages the process of converting or transforming resources into goods or services.

When a company is the first to market with a competitive advantage,it gains a particular benefit known as competitive intelligence.

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

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

Kevin Campbell is an incoming freshman at your college.Kevin is frustrated by the cost of books,tuition,and expenses and he also needs to purchase a rather expensive laptop.In an effort to save money,Kevin beings a Facebook group finding other college students who need to purchase laptops.Soon,Kevin's Facebook group has close to 100,000 students.Kevin decides to collectively approach different computer companies to see if his group qualifies for a special discount.What business strategy is Kevin using to purchase laptops?

What is the rate at which goods and services are produced based upon total output given total inputs.

When buyer power is low,supplier power is typically _____.

Which of the following is not considered a category within the primary value activities in a value chain analysis?

Describe Porter's Five Forces Model and explain each of the five forces.

The Chief ___________ Officer is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS.

Which of the following is considered a good?

John Cleaver is the CEO of Tech World,which is a retail store that sells computers,monitors,cameras,televisions and many other electronic products.John and his executive team are meeting to brainstorm new ideas on how to grow the business.One idea is to mimic a competitor's product that is attempting to sell a new product in a different industry.After performing a Porter's Five Forces analysis John determines that all of the forces are high in this new industry.What should John do?

Which of the following represents the department that maintains policies,plans,and procedures for the effective management of employees?

Business strategies that match _______ company competencies to opportunities result in a competitive advantage.

If you were thinking about a washing machine as a system which of the following represents the inputs?

Which of the following is considered a service?