Question 1

Explain why competitive advantages are temporary.

Accepted Answer

A competitive advantage is a feature of ...

Question 2

Who is responsible for ensuring the speed,accuracy,availability,and reliability of the management information systems?

Accepted Answer

A)  Chief Knowledge Officer (CKO) .
B)  Chief Privacy Officer (CPO) .
C)  Chief Technology Officer (CTO) .
D)  Chief Information Officer (CIO) .E) C) and D)
F) A) and D)

Question 3

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 power.E) A) and C)
F) All of the above

Question 4

Apple utilized the first-mover ________ with its iPod product.

Accepted Answer

The answer of Apple utilized the first-mover ________ with its...

Question 5

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

Accepted Answer

A) True 
 B)False

Question 6

A business process is a standardized set of activities that accomplish a specific task,such as processing a customer's order.

Accepted Answer

A) True 
 B)False

Question 7

Top managers use __________ intelligence to define the future of the business,analyzing markets,industries,and economies.

Accepted Answer

The answer of Top managers use __________ intelligence to define...

Question 8

A primary value activity is a standardized set of activities that accomplish a specific task,such as processing a customer's order.

Accepted Answer

A) True 
 B)False

Question 9

The Chief ___________ Officer is responsible for collecting,maintaining,and distributing company knowledge.

Accepted Answer

The answer of The Chief ___________ Officer is responsible for...

Question 10

Broad differentiation,broad cost leadership,and _________ create the three generic strategies identified by Porter.

Accepted Answer

A)  Narrow market leadership
B)  High cost versus low cost
C)  Focused strategy
D)  None of the aboveE) C) and D)
F) B) and C)

Question 11

Which of the following offers an example where Porter's five forces are mostly weak and competition is low?

Accepted Answer

A)  An international hotel chain purchasing milk.
B)  A coffee shop.
C)  A single consumer purchasing milk.
D)  A dog walking business.E) C) and D)
F) All of the above

Question 12

Why do students need to study information technology?

Accepted Answer

A)  Information technology is everywhere in business
B)  Information technology is frequently discussed in business
C)  Information technology is frequently used in organizations
D)  All of the above.E) All of the above
F) A) and C)

Question 13

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

Question 14

__________ value activities found at the bottom of the value chain,these include business processes that acquire raw materials and manufacture,deliver,market,sell,and provide after-sales services.

Accepted Answer

The answer of __________ value activities found at the bottom...

Question 15

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

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 forward.E) B) and C)
F) None of the above

Question 16

Your boss,Ty Jacob,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,Beyonce,The Beatles,The Stones.E) A) and B)
F) A) and C)

Question 17

__________ power measures the ability of buyers to affect the price they must pay for an item.

Accepted Answer

The answer of __________ power measures the ability of buyers...

Question 18

Which of the following is considered data?

Accepted Answer

A)  Quantity sold
B)  Best customer by month
C)  Best selling item by month
D)  Worst selling item by monthE) A) and B)
F) C) and D)

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is considered a core driver of the information age?

Accepted Answer

A)  Information.
B)  Business Intelligence.
C)  Knowledge.
D)  All of the above.E) A) and D)
F) B) and D)

Exam 1: Management Information Systems: Business Driven MIS

A business process is a standardized set of activities that accomplish a specific task,such as processing a customer's order.

Correct AnswerverifiedShow Answer

Which of the following offers an example where Porter's five forces are mostly weak and competition is low?

Correct AnswerverifiedShow Answer

Your boss,Ty Jacob,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

Explain why competitive advantages are temporary.

Correct AnswerverifiedA competitive advantage is a feature of ...View AnswerShow Answer

Which of the following is considered data?

Correct AnswerverifiedShow Answer

Apple utilized the first-mover ________ with its iPod product.

Correct AnswerverifiedShow Answer

Who is responsible for ensuring the speed,accuracy,availability,and reliability of the management information systems?

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

__________ value activities found at the bottom of the value chain,these include business processes that acquire raw materials and manufacture,deliver,market,sell,and provide after-sales services.

Correct AnswerverifiedShow Answer

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

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

A primary value activity is a standardized set of activities that accomplish a specific task,such as processing a customer's order.

Correct AnswerverifiedShow Answer

__________ power measures the ability of buyers to affect the price they must pay for an item.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Top managers use __________ intelligence to define the future of the business,analyzing markets,industries,and economies.

Correct AnswerverifiedShow Answer

Broad differentiation,broad cost leadership,and _________ create the three generic strategies identified by Porter.

Correct AnswerverifiedShow Answer

The Chief ___________ Officer is responsible for collecting,maintaining,and distributing company knowledge.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is considered a core driver of the information age?

Correct AnswerverifiedShow Answer

Why do students need to study information technology?

Correct AnswerverifiedShow Answer

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A competitive advantage is a feature of ...
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