Question 1

Cooking a patty and putting the ingredients together are included in which category of making a hamburger?

Accepted Answer

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

Question 2

Which activities belong in the marketing department?

Accepted Answer

A)  Records, measures, and reports monetary transactions.
B)  Tracks strategic financial issues, including money, banking, credit, investments, and assets.
C)  Supports the sales by planning, pricing, and promoting goods or services is marketing.
D)  Relies on information from operations to understand inventory, place orders, and forecast consumer demand.E) B) and D)
F) None of the above

Question 3

Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable. Tony will set the strategic direction for his firm, which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments.

Accepted Answer

A) True 
 B)False

Question 4

What is machine to machine?

Accepted Answer

A)  A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
B)  Extracts information from data and uses it to predict future trends and identify behavioral patterns.
C)  Refers to devices that connect directly to other devices.
D)  Opportunities to change the way people purchase books.E) C) and D)
F) None of the above

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

What is the Internet of Things?

Accepted Answer

A)  A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
B)  Extracts information from data and uses it to predict future trends and identify behavioral patterns.
C)  Refers to devices that connect directly to other devices.
D)  Opportunities to change the way people purchase books.E) None of the above
F) All of the above

Question 7

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

Accepted Answer

A)  Goods
B)  Services
C)  Production
D)  ProductivityE) A) and B)
F) B) and D)

Question 8

Which of the following includes the roles and responsibilities of the CSO?

Accepted Answer

A)  Ensuring the speed, accuracy, availability, and reliability of the MIS.
B)  Ensuring the ethical and legal use of information within a company.
C)  Ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses.
D)  Ensuring that MIS strategically aligns with business goals and objectives.E) B) and C)
F) None of the above

Question 9

What is the scientific process of transforming data into insight for making better decisions?

Accepted Answer

A)  Business analytics.
B)  Descriptive analytics.
C)  Prescriptive analytics.
D)  Predictive analytics.E) B) and D)
F) A) and D)

Question 10

Assume you are in the business of producing and selling hamburgers. If you could produce more hamburgers with the same input what would happen to your productivity and profits assuming the price of your hamburgers 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) All of the above
F) C) and D)

Question 11

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 B)
F) None of the above

Question 12

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) A) and B)
F) A) and C)

Question 13

Knowledge assets reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

Accepted Answer

A) True 
 B)False

Question 14

Cars, groceries, and clothing belong in which category?

Accepted Answer

A)  Goods
B)  Services
C)  Production
D)  ProductivityE) C) and D)
F) A) and C)

Question 15

Which one of Porter's five forces is high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market?

Accepted Answer

A)  Threat of new entrants.
B)  Threat of substitute products or services.
C)  Threat of buyer power.
D)  Supply chain competition.E) A) and B)
F) A) and C)

Question 16

What is a person or group that has an interest or concern in an organization?

Accepted Answer

A)  Stakeholder
B)  Business strategy
C)  Supplier
D)  PartnerE) A) and B)
F) All of the above

Question 17

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

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

Question 19

Which of the below is similar to focused strategy versus broad strategy?

Accepted Answer

A)  Large market versus leadership.
B)  Large market versus uniqueness.
C)  Niche market versus large market.
D)  Niche market versus generic.E) All of the above
F) A) and D)

Question 20

Assume you are in the business of producing and selling t-shirts. If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts 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) A) and D)
F) B) and C)

Exam 1: Management Information Systems: Business Driven MIS

What is the scientific process of transforming data into insight for making better decisions?

Correct Answer
verified

Which activities belong in the marketing department?

Correct Answer
verified

Correct Answer
verified

Cooking a patty and putting the ingredients together are included in which category of making a hamburger?

Correct Answer
verified

Which one of Porter's five forces is high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market?

Correct Answer
verified

Which of the below is similar to focused strategy versus broad strategy?

Correct Answer
verified

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

Correct Answer
verified

Knowledge assets reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

Correct Answer
verified

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 Answer
verified

What is a person or group that has an interest or concern in an organization?

Correct Answer
verified

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

Correct Answer
verified

What is machine to machine?

Correct Answer
verified

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

Correct Answer
verified

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Correct Answer
verified

Which of the following includes the roles and responsibilities of the CSO?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

What is the Internet of Things?

Correct Answer
verified

Cars, groceries, and clothing belong in which category?

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

What is the scientific process of transforming data into insight for making better decisions?

Correct AnswerverifiedShow Answer

Which activities belong in the marketing department?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Cooking a patty and putting the ingredients together are included in which category of making a hamburger?

Correct AnswerverifiedShow Answer

Which one of Porter's five forces is high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market?

Correct AnswerverifiedShow Answer

Which of the below is similar to focused strategy versus broad strategy?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Knowledge assets reside within the minds of members, customers, and colleagues and include physical structures and recorded media.

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

What is a person or group that has an interest or concern in an organization?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What is machine to machine?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Correct AnswerverifiedShow Answer

Which of the following includes the roles and responsibilities of the CSO?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What is the Internet of Things?

Correct AnswerverifiedShow Answer

Cars, groceries, and clothing belong in which category?

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
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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