Question 1

Big data is a view of data at a particular moment in time.

Accepted Answer

A) True 
 B)False

Question 2

What is threat of new entrants?

Accepted Answer

A)   The ability of buyers to affect the price they must pay for an item
B)   The suppliers' ability to influence the prices they charge for supplies (including materials,labor,and services) 
C)   High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market
D)   High when there are many alternatives to a product or service and low when there are few alternatives from which to chooseE) B) and D)
F) B) and C)

Question 3

Which of the following represents the core drives of the information age?

Accepted Answer

A)   Data,information,business intelligence,knowledge
B)   Fact,data,intelligence,experience
C)   Fact,intelligence,business skills,knowledge
D)   Data,intelligence,business information,knowledgeE) A) and B)
F) A) and C)

Question 4

In recruiting lingo,what are perfect MIS candidates sometimes called?

Accepted Answer

A)   Turquoise turtles
B)   Red rabbits
C)   Purple squirrels
D)   White unicornsE) All of the above
F) B) and C)

Question 5

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 booksE) C) and D)
F) A) and C)

Question 6

Greg works for Geneva Steel Corporation.Greg's duties include managing the overall processes for the company and transforming the steel resources into goods.Which department would Greg most likely work in?

Accepted Answer

A)   Accounting
B)   Operations Management
C)   Marketing
D)   CIOE) None of the above
F) C) and D)

Question 7

A SWOT analysis evaluates an organization's strengths,weaknesses,opportunities,and threats to identify significant influences that work for or against business strategies.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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) B) and C)

Question 10

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 11

Lettuce,tomatoes,patty,bun,and ketchup are included in the output of making a hamburger.

Accepted Answer

A) True 
 B)False

Question 12

Who is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS?

Accepted Answer

A)   Chief technology officer (CTO) 
B)   Chief security officer (CSO) 
C)   Chief privacy officer (CPO) 
D)   Chief data officer (CDO) E) A) and D)
F) B) and C)

Question 13

Which of the following analyzes a company's business processes and is useful for determining how to create the greatest possible value for customers?

Accepted Answer

A)   Product analysis
B)   Primary supplier power
C)   Value chain analysis
D)   Buyer chain analysisE) A) and C)
F) A) and B)

Question 14

What is a collection of large complex data sets that cannot be analyzed using traditional database methods and tools?

Accepted Answer

A)   Knowledge
B)   Big data
C)   Snapshot
D)   Internet of ThingsE) C) and D)
F) A) and B)

Question 15

Which data types are typically found in the Finance 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 B)
F) A) and C)

Question 16

The chief security officer (CSO)is responsible for ensuring the security of MIS systems and developing strategies and MIS safeguards against attacks from hackers and viruses.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following provides an example of information?

Accepted Answer

A)   Who is customer number 12345XX?
B)   What is product number 12345XX?
C)   What customer number is Bob Smith?
D)   What is my worst-selling product?E) B) and C)
F) A) and C)

Question 18

There are many different stakeholders found in an organization.Stakeholders drive business strategies,and depending on the stakeholder's perspective,the business strategy can change.Which of the following is a main concern for employees?

Accepted Answer

A)   Exceptional customer service
B)   Fair compensation
C)   Professional associations
D)   Reliable contractsE) B) and C)
F) A) and C)

Question 19

Where would you categorize opportunities 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 20

Which activities belong in the Sales 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 demandE) A) and B)
F) None of the above

Exam 1: Management Information Systems: Business Driven MIS

What is threat of new entrants?

Correct AnswerverifiedShow Answer

The chief security officer (CSO)is responsible for ensuring the security of MIS systems and developing strategies and MIS safeguards against attacks from hackers and viruses.

Correct AnswerverifiedShow Answer

Who is responsible for ensuring the speed,accuracy,availability,and reliability of the MIS?

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

Greg works for Geneva Steel Corporation.Greg's duties include managing the overall processes for the company and transforming the steel resources into goods.Which department would Greg most likely work in?

Correct AnswerverifiedShow Answer

In recruiting lingo,what are perfect MIS candidates sometimes called?

Correct AnswerverifiedShow Answer

A SWOT analysis evaluates an organization's strengths,weaknesses,opportunities,and threats to identify significant influences that work for or against business strategies.

Correct AnswerverifiedShow Answer

Which of the following analyzes a company's business processes and is useful for determining how to create the greatest possible value for customers?

Correct AnswerverifiedShow Answer

Where would you categorize opportunities in a SWOT analysis?

Correct AnswerverifiedShow Answer

What is the Internet of Things?

Correct AnswerverifiedShow Answer

Which of the following represents the core drives of the information age?

Correct AnswerverifiedShow Answer

Big data is a view of data at a particular moment in time.

Correct AnswerverifiedShow Answer

There are many different stakeholders found in an organization.Stakeholders drive business strategies,and depending on the stakeholder's perspective,the business strategy can change.Which of the following is a main concern for employees?

Correct AnswerverifiedShow Answer

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

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

What is a collection of large complex data sets that cannot be analyzed using traditional database methods and tools?

Correct AnswerverifiedShow Answer

Which data types are typically found in the Finance department?

Correct AnswerverifiedShow Answer

Which activities belong in the Sales department?

Correct AnswerverifiedShow Answer

Lettuce,tomatoes,patty,bun,and ketchup are included in the output of making a hamburger.

Correct AnswerverifiedShow Answer

Which of the following provides an example of information?

Correct AnswerverifiedShow Answer

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