Question 1

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

Question 2

What is included in a SWOT analysis?

Accepted Answer

A)  strengths, weaknesses, organizations, and technology
B)  strengths, weaknesses, opportunities, and threats
C)  success, willingness, opportunities, and technology
D)  success, weaknesses, organizations, and threatsE) B) and C)
F) A) and C)

Question 3

Compare Porter's three generic strategies.

Accepted Answer

Organizations typically follow one of Po...

Question 4

Which of the following are included as potential external weaknesses in a SWOT analysis that are harmful to an organization?

Accepted Answer

A)  core competencies, market leaders, cost advantages, excellent management
B)  lack of strategic direction, obsolete technologies, lack of managerial talent, outdated, product line
C)  expanded product line, increase in demand, new markets, new regulations
D)  new entrants, substitute products, shrinking markets, costly regulatory requirementsE) C) and D)
F) All of the above

Question 5

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 ____________.

Accepted Answer

A)  FedEx - online self-service software
B)  Apple - iPad
C)  Apple - iPod
D)  Microsoft - Bing Search EngineE) B) and C)
F) A) and B)

Question 6

Your boss has asked you to analyze the music industry using Porter's five forces model.Which of the following represents supplier power in the music industry?

Accepted Answer

A)  established record labels like EMI, Sony, Universal
B)  Walmart, Target, iTunes
C)  game systems like Wii, social networks like Facebook
D)  Taylor Swift, Beyoncé, The Beatles, The StonesE) A) and B)
F) B) and C)

Question 7

MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving.What does MIS stands for?

Accepted Answer

A)  Management Information Strategy
B)  Management Intelligence System
C)  Management Information System
D)  Management Information StrategistE) C) and D)
F) B) and C)

Question 8

What are the two main categories in a value chain analysis?

Accepted Answer

A)  primary value activities and secondary value activities
B)  primary value activities and support value activities
C)  primary value activities and strengthening value activities
D)  None of these are correct.E) A) and D)
F) None of the above

Question 9

The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Accepted Answer

A) True 
 B)False

Question 10

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

Question 11

Where would you categorize weaknesses in a SWOT analysis?

Accepted Answer

A)  internal, helpful
B)  internal, harmful
C)  external, helpful
D)  external, harmfulE) B) and C)
F) A) and D)

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 these are correct.E) A) and C)
F) A) and D)

Question 13

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

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

Question 14

Callie owns and operates one of the most successful local coffee shops in Denver called The Edgewater Café.Each time a customer purchases their 100th cup of coffee at The Edgewater Café, they receive a free pound of coffee of their choice.What is Callie attempting to create with her unique "Free Pound of Coffee" marketing program?

Accepted Answer

A)  reducing buyer power with a loyalty program
B)  increasing buyer power with a loyalty program
C)  decreasing supplier power with a differentiated product
D)  creating a substitute productE) A) and B)
F) All of the above

Question 15

Your boss has asked you to analyze the music industry using Porter's five forces model.Which of the following represents the threat of substitute products or services in the music industry?

Accepted Answer

A)  established record labels like EMI, Sony, Universal
B)  independent record labels
C)  game systems like Wii, social networks like Facebook
D)  Taylor Swift, Beyoncé, The Beatles, The StonesE) B) and D)
F) A) and B)

Question 16

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

Accepted Answer

A)  tax data
B)  payroll data
C)  transactional data
D)  All of these are correct.E) B) and D)
F) A) and B)

Question 17

What is the name of a company's internal computer department?

Accepted Answer

A)  Management Information Systems (MIS) 
B)  Information Systems (IS) 
C)  Information Technology (IT) 
D)  All of these are correct.E) C) and D)
F) B) and D)

Question 18

MIS is a business function.Which of the following does MIS perform to help aid the company in decision making and problem solving?

Accepted Answer

A)  moves information about people
B)  moves processes across the company to improve systems
C)  moves information about products
D)  All of these are correct.E) A) and B)
F) A) and C)

Question 19

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

Accepted Answer

A)  monetary data
B)  technology data
C)  production data
D)  employee dataE) B) and C)
F) B) and D)

Question 20

Cheryl is the operations manager for Nature's Bread Company, which specializes in providing natural products for health conscious individuals.Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of the type of information Cheryl would be using to successfully perform her job?

Accepted Answer

A)  Craig Newmark is customer number 15467.
B)  Flour Power is supplier number 8745643.
C)  best-selling product by day
D)  Best-selling product changes when Tony the best baker is working.E) A) and B)
F) A) and C)

Exam 1: Management Information Systems: Business Driven MIS

What is the name of a company's internal computer department?

Correct Answer
verified

Where would you categorize weaknesses in a SWOT analysis?

Correct Answer
verified

MIS is a business function.Which of the following does MIS perform to help aid the company in decision making and problem solving?

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

Your boss has asked you to analyze the music industry using Porter's five forces model.Which of the following represents the threat of substitute products or services in the music industry?

Correct Answer
verified

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 ____________.

Correct Answer
verified

Compare Porter's three generic strategies.

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

The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Correct Answer
verified

MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving.What does MIS stands for?

Correct Answer
verified

Your boss has asked you to analyze the soft drink industry using Porter's five forces model.Which of the following represents rivalry in the soft drink industry?

Correct Answer
verified

Which of the following are included as potential external weaknesses in a SWOT analysis that are harmful to an organization?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

What are the two main categories in a value chain analysis?

Correct Answer
verified

What is included in a SWOT analysis?

Correct Answer
verified

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

Correct Answer
verified

Your boss has asked you to analyze the music industry using Porter's five forces model.Which of the following represents supplier power in the music industry?

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

What is the name of a company's internal computer department?

Correct AnswerverifiedShow Answer

Where would you categorize weaknesses in a SWOT analysis?

Correct AnswerverifiedShow Answer

MIS is a business function.Which of the following does MIS perform to help aid the company in decision making and problem solving?

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

Your boss has asked you to analyze the music industry using Porter's five forces model.Which of the following represents the threat of substitute products or services in the music industry?

Correct AnswerverifiedShow Answer

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 ____________.

Correct AnswerverifiedShow Answer

Compare Porter's three generic strategies.

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

The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Correct AnswerverifiedShow Answer

MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving.What does MIS stands for?

Correct AnswerverifiedShow Answer

Your boss has asked you to analyze the soft drink industry using Porter's five forces model.Which of the following represents rivalry in the soft drink industry?

Correct AnswerverifiedShow Answer

Which of the following are included as potential external weaknesses in a SWOT analysis that are harmful to an organization?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What are the two main categories in a value chain analysis?

Correct AnswerverifiedShow Answer

What is included in a SWOT analysis?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Your boss has asked you to analyze the music industry using Porter's five forces model.Which of the following represents supplier power in the music industry?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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

Correct Answer
verified

Correct Answer
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Correct Answer
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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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