Question 1

Updating business strategies is a continuous undertaking as internal and external environments ________.

Accepted Answer

A)  become less competitive
B)  remain stagnant
C)  rapidly change
D)  become more consistentE) A) and B)
F) A) and C)

Question 2

The sales and marketing departments primarily use monetary data.

Accepted Answer

A) True 
 B)False

Question 3

Which data types are typically found in the human resources department?

Accepted Answer

A)  promotion data, sales data, advertising data
B)  employee data, promotion data, vacation data
C)  investment data, monetary data, reporting data
D)  transactional data, purchasing data, payroll data, tax dataE) A) and D)
F) A) and C)

Question 4

The business decisions made by the human resources department include investment data, monetary data, and reporting data.

Accepted Answer

A) True 
 B)False

Question 5

In a SWOT analysis, potential external threats are harmful when they identify all threats or risks detrimental to your organization, including new market entrants, substitute products, employee turnover, differentiating products, shrinking markets, adverse changes in regulations, economic shifts, and so on.

Accepted Answer

A) True 
 B)False

Question 6

Which group of stakeholder's primary interests include maximizing profits, growing market share, and high return on investment?

Accepted Answer

A)  partners/suppliers
B)  shareholders/investors
C)  community
D)  governmentE) A) and D)
F) C) and D)

Question 7

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 8

Competitive advantages provide the same product or service either at a lower price or with additional value that can fetch premium prices.

Accepted Answer

A) True 
 B)False

Question 9

Machine to machine (M2M) extracts information from data and uses it to predict future trends and identify behavioral patterns.

Accepted Answer

A) True 
 B)False

Question 10

What is business intelligence?

Accepted Answer

A)  raw facts that describe the characteristics of an event or object
B)  data converted into a meaningful and useful context
C)  information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making
D)  skills, experience, and expertise, coupled with information and intelligence, which creates a person's intellectual resourcesE) All of the above
F) A) and B)

Question 11

Teaching, waiting tables, and cutting hair belong in which category?

Accepted Answer

A)  goods
B)  services
C)  production
D)  productivityE) A) and B)
F) None of the above

Question 12

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Accepted Answer

A)  sales
B)  operations management
C)  accounting
D)  financeE) C) and D)
F) B) and C)

Question 13

What is data?

Accepted Answer

A)  raw facts that describe the characteristics of an event or object
B)  data converted into a meaningful and useful context
C)  information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making
D)  skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resourcesE) B) and C)
F) All of the above

Question 14

If you were thinking about an oven as a system, which of the following represents the process?

Accepted Answer

A)  the uncooked food
B)  the cooked food
C)  a light indicating that the oven has reached the preheated temperature
D)  the oven running at 350 degrees for 20 minutesE) A) and B)
F) All of the above

Question 15

The challenge that companies today sometimes have is that they are departmentalized and act independently of each other.Which of the following provides solutions that can help a company work interdepartmentally to make decisions and solve problems?

Accepted Answer

A)  marketing
B)  human resource data
C)  management information systems
D)  resource information systemsE) A) and C)
F) None of the above

Question 16

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger, Safeway, and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is this an example of in terms of Porter's Five Forces?

Accepted Answer

A)  rivalry among new entrants
B)  rivalry among existing competitors
C)  threat of substitute products or services
D)  buyer powerE) B) and D)
F) A) and B)

Question 17

All of the following are common tools used in industry to analyze and develop competitive advantages, except _________.

Accepted Answer

A)  the Five Forces Model
B)  the three generic strategies
C)  the competitive analysis model
D)  value chain analysisE) B) and D)
F) C) and D)

Question 18

Gina works for Aquarium Retail Services selling high-end saltwater fish and tank supplies.Aquarium Retail Services is the current market leader in Gina's city.Gina has recently been approached by Deep Blue Incorporated with an opportunity to run its corporate nationwide marketing and sales division.Gina decides to jump at the opportunity! Deep Blue is attempting to gain a competitive ________ by stealing its competitor's key employees.

Accepted Answer

A)  power
B)  entry barrier
C)  advantage
D)  loyaltyE) B) and D)
F) A) and B)

Question 19

Who is responsible for collecting, maintaining, and distributing company knowledge?

Accepted Answer

A)  Chief Knowledge Officer (CKO) 
B)  Chief Privacy Officer (CPO) 
C)  Chief Technology Officer (CTO) 
D)  Chief Information Officer (CIO) E) None of the above
F) A) and B)

Question 20

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 developmentE) None of the above
F) C) and D)

Exam 1: Management Information Systems: Business Driven MIS

Teaching, waiting tables, and cutting hair belong in which category?

Correct Answer
verified

Competitive advantages provide the same product or service either at a lower price or with additional value that can fetch premium prices.

Correct Answer
verified

The business decisions made by the human resources department include investment data, monetary data, and reporting data.

Correct Answer
verified

Cars, groceries, and clothing belong in which category?

Correct Answer
verified

What is business intelligence?

Correct Answer
verified

If you were thinking about an oven as a system, which of the following represents the process?

Correct Answer
verified

Updating business strategies is a continuous undertaking as internal and external environments ________.

Correct Answer
verified

What is data?

Correct Answer
verified

The sales and marketing departments primarily use monetary data.

Correct Answer
verified

All of the following are common tools used in industry to analyze and develop competitive advantages, except _________.

Correct Answer
verified

The challenge that companies today sometimes have is that they are departmentalized and act independently of each other.Which of the following provides solutions that can help a company work interdepartmentally to make decisions and solve problems?

Correct Answer
verified

Which data types are typically found in the human resources department?

Correct Answer
verified

Correct Answer
verified

Machine to machine (M2M) extracts information from data and uses it to predict future trends and identify behavioral patterns.

Correct Answer
verified

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Correct Answer
verified

Who is responsible for collecting, maintaining, and distributing company knowledge?

Correct Answer
verified

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger, Safeway, and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is this an example of in terms of Porter's Five Forces?

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified

Which group of stakeholder's primary interests include maximizing profits, growing market share, and high return on investment?

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

Teaching, waiting tables, and cutting hair belong in which category?

Correct AnswerverifiedShow Answer

Competitive advantages provide the same product or service either at a lower price or with additional value that can fetch premium prices.

Correct AnswerverifiedShow Answer

The business decisions made by the human resources department include investment data, monetary data, and reporting data.

Correct AnswerverifiedShow Answer

Cars, groceries, and clothing belong in which category?

Correct AnswerverifiedShow Answer

What is business intelligence?

Correct AnswerverifiedShow Answer

If you were thinking about an oven as a system, which of the following represents the process?

Correct AnswerverifiedShow Answer

Updating business strategies is a continuous undertaking as internal and external environments ________.

Correct AnswerverifiedShow Answer

What is data?

Correct AnswerverifiedShow Answer

The sales and marketing departments primarily use monetary data.

Correct AnswerverifiedShow Answer

All of the following are common tools used in industry to analyze and develop competitive advantages, except _________.

Correct AnswerverifiedShow Answer

The challenge that companies today sometimes have is that they are departmentalized and act independently of each other.Which of the following provides solutions that can help a company work interdepartmentally to make decisions and solve problems?

Correct AnswerverifiedShow Answer

Which data types are typically found in the human resources department?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Machine to machine (M2M) extracts information from data and uses it to predict future trends and identify behavioral patterns.

Correct AnswerverifiedShow Answer

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Correct AnswerverifiedShow Answer

Who is responsible for collecting, maintaining, and distributing company knowledge?

Correct AnswerverifiedShow Answer

Some industries' competition is much more intense than others.Retail grocery stores such as Kroger, Safeway, and Albertson's in the United States experience fierce competition and offer similar marketing campaigns to compete.What is this an example of in terms of Porter's Five Forces?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which group of stakeholder's primary interests include maximizing profits, growing market share, and high return on investment?

Correct AnswerverifiedShow Answer

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