Question 1

Sandy works as the Chief Knowledge Officer for Bend Lumbar Company.She has been given the responsibility to create a product or service that will bring an added value to its customers to increase the company's revenue.Sandy determines that the best value she can add is by creating a service that offers free next day shipping on any order over $50.Where in the value chain is Sandy adding value?

Accepted Answer

A)  the primary value activity outbound logistics
B)  the primary value activity inbound logistics
C)  the primary value activity marketing and sales
D)  the primary value activity operationsE) All of the above
F) A) and D)

Question 2

If a business is following a focused strategy, then its competitive scope is ________.

Accepted Answer

A)  broad market
B)  narrow market
C)  broad range products
D)  broad range of servicesE) None of the above
F) A) and B)

Question 3

The business decisions made by the accounting department include employee data, promotion data, and vacation data.

Accepted Answer

A) True 
 B)False

Question 4

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) B) and C)
F) All of the above

Question 5

Inbound logistics and operations are part of the primary value activities.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

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

Question 7

Which of the following is considered a service?

Accepted Answer

A)  teaching
B)  waiting tables
C)  cutting hair
D)  All of these are correct.E) A) and C)
F) B) and C)

Question 8

For an organization to succeed, every department or functional area must work independently to be most effective.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is considered a service?

Accepted Answer

A)  selling groceries
B)  managing a team
C)  cutting hair
D)  All of these are correct.E) A) and B)
F) A) and C)

Question 10

Which of the following is the key term that defines the confirmation or validation of an event or object?

Accepted Answer

A)  buyer power
B)  data
C)  fact
D)  entry barrierE) A) and C)
F) C) and D)

Question 11

Which of the following is not a technology company but used technology to revamp the business process of selling books?

Accepted Answer

A)  Netflix
B)  Dell
C)  Zappos
D)  AmazonE) A) and B)
F) A) and D)

Question 12

What is buyer power?

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

Question 13

Explain why competitive advantages are temporary.

Accepted Answer

A competitive advantage is a feature of ...

Question 14

How are the majority of companies today typically organized?

Accepted Answer

A)  by departments or functional areas
B)  by departments or financial areas
C)  by degree or financial areas
D)  by manager or knowledge areaE) None of the above
F) A) and B)

Question 15

MIS can be an important enabler of business success and innovation.Which of the below statements is accurate when referring to MIS?

Accepted Answer

A)  MIS equals business success and innovation.
B)  MIS represents business success and innovation.
C)  MIS is not a valuable tool that leverages talent.
D)  MIS is a valuable tool that can leverage the talents of people who know how to use and manage it effectively.E) None of the above
F) B) and C)

Question 16

Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod, iPhone, and iPad.What are these all examples of?

Accepted Answer

A)  competitive advantage
B)  first-mover advantage
C)  All of these are correct.
D)  None of these are correct.E) A) and B)
F) B) and C)

Question 17

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) A) and B)
F) None of the above

Question 18

Demonstrate how a company can add value by using Porter's value chain analysis.

Accepted Answer

To identify competitive advantages, Mich...

Question 19

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

Accepted Answer

A) True 
 B)False

Question 20

Trina works for Johnson Electric as a corporate lawyer, and part of her duties are to ensure the ethical and legal use of information within the company.Which of the following represents Trina's role at Johnson Electric?

Accepted Answer

A)  Chief Knowledge Officer (CKO) 
B)  Chief Privacy Officer (CPO) 
C)  Chief Technology Officer (CTO) 
D)  Chief Information Officer (CIO) E) B) and D)
F) All of the above

Exam 1: Management Information Systems: Business Driven MIS

Trina works for Johnson Electric as a corporate lawyer, and part of her duties are to ensure the ethical and legal use of information within the company.Which of the following represents Trina's role at Johnson Electric?

Correct Answer
verified

Demonstrate how a company can add value by using Porter's value chain analysis.

Correct Answer
verified
To identify competitive advantages, Mich...
View Answer

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

Correct Answer
verified

How are the majority of companies today typically organized?

Correct Answer
verified

If a business is following a focused strategy, then its competitive scope is ________.

Correct Answer
verified

Which of the following is the key term that defines the confirmation or validation of an event or object?

Correct Answer
verified

Which of the following is considered data?

Correct Answer
verified

Which of the following is considered a service?

Correct Answer
verified

MIS can be an important enabler of business success and innovation.Which of the below statements is accurate when referring to MIS?

Correct Answer
verified

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 Answer
verified

Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod, iPhone, and iPad.What are these all examples of?

Correct Answer
verified

Explain why competitive advantages are temporary.

Correct Answer
verified
A competitive advantage is a feature of ...
View Answer

The business decisions made by the accounting department include employee data, promotion data, and vacation data.

Correct Answer
verified

What is buyer power?

Correct Answer
verified

Correct Answer
verified

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

Correct Answer
verified

Which of the following is not a technology company but used technology to revamp the business process of selling books?

Correct Answer
verified

Inbound logistics and operations are part of the primary value activities.

Correct Answer
verified

Which of the following is considered a service?

Correct Answer
verified

For an organization to succeed, every department or functional area must work independently to be most effective.

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

Trina works for Johnson Electric as a corporate lawyer, and part of her duties are to ensure the ethical and legal use of information within the company.Which of the following represents Trina's role at Johnson Electric?

Correct AnswerverifiedShow Answer

Demonstrate how a company can add value by using Porter's value chain analysis.

Correct AnswerverifiedTo identify competitive advantages, Mich...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

How are the majority of companies today typically organized?

Correct AnswerverifiedShow Answer

If a business is following a focused strategy, then its competitive scope is ________.

Correct AnswerverifiedShow Answer

Which of the following is the key term that defines the confirmation or validation of an event or object?

Correct AnswerverifiedShow Answer

Which of the following is considered data?

Correct AnswerverifiedShow Answer

Which of the following is considered a service?

Correct AnswerverifiedShow Answer

MIS can be an important enabler of business success and innovation.Which of the below statements is accurate when referring to MIS?

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

Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod, iPhone, and iPad.What are these all examples of?

Correct AnswerverifiedShow Answer

Explain why competitive advantages are temporary.

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

The business decisions made by the accounting department include employee data, promotion data, and vacation data.

Correct AnswerverifiedShow Answer

What is buyer power?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

Correct AnswerverifiedShow Answer

Which of the following is not a technology company but used technology to revamp the business process of selling books?

Correct AnswerverifiedShow Answer

Inbound logistics and operations are part of the primary value activities.

Correct AnswerverifiedShow Answer

Which of the following is considered a service?

Correct AnswerverifiedShow Answer

For an organization to succeed, every department or functional area must work independently to be most effective.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
To identify competitive advantages, Mich...
View 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
A competitive advantage is a feature of ...
View 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