Question 1

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a differentiation strategy?

Accepted Answer

A)  Southwest, Horizon, Frontier, JetBlue
B)  British Airways, Singapore Airlines, Virgin Atlantic
C)  Sky Taxi - a rent by the hour personal plane service
D)  All of these are correct.E) B) and D)
F) C) and D)

Question 2

Which of the following is not considered a core driver of the information age?

Accepted Answer

A)  information
B)  usiness Intelligence
C)  competitive Intelligence
D)  dataE) A) and B)
F) All of the above

Question 3

Waiting tables, teaching, and cutting hair are all examples of services that people pay for to fulfill a need.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A)  fact
B)  goods
C)  competitive Intelligence
D)  dataE) C) and D)
F) B) and C)

Question 5

When reviewing Porter's value chain analysis, which of the following provides customer support after the sale of goods and services?

Accepted Answer

A)  inbound logistics
B)  outbound logistics
C)  operations
D)  serviceE) All of the above
F) A) and B)

Question 6

Which of the following is considered information?

Accepted Answer

A)  quantity sold
B)  date sold
C)  best-selling item by month
D)  product soldE) C) and D)
F) None of the above

Question 7

What is the rate at which goods and services are produced based upon total output given total inputs?

Accepted Answer

A)  goods
B)  services
C)  production
D)  productivityE) B) and C)
F) A) and B)

Question 8

Which of the following offers an example of a company operating in a narrow focused-market operating as the low-cost provider?

Accepted Answer

A)  Walmart.
B)  Tiffany and Co.
C)  Neiman Marcus
D)  Payless ShoesE) A) and B)
F) A) and C)

Question 9

When a company is the first to market with a competitive advantage, it gains a particular benefit known as competitive intelligence.

Accepted Answer

A) True 
 B)False

Question 10

Which activities belong in the marketing department?

Accepted Answer

A)  records, measures, and reports monetary transactions
B)  tracks strategic financial issues, including money, banking, credit, investments, and assets
C)  supports 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) C) and D)

Question 11

It is not uncommon to find stakeholders' business strategies have conflicting interests such as investors looking to increase profits by eliminating employee jobs.

Accepted Answer

A) True 
 B)False

Question 12

MIS can add value to both primary and support activities within a business.Which of the following is not an example of a company adding value by the use of MIS in a support activity?

Accepted Answer

A)  Netflix creating a business strategy for the video rental market that delivers videos via the mail
B)  the human resources department creates a tracking system to efficiently reward employees based on their performance
C)  Scottrade Corp.creating an online system for employees to track paychecks, benefits, wellness rewards program, and other employee benefit items
D)  the University of Forks creates a program to automatically order office supplies such as pens and pads of paper for its employeesE) B) and C)
F) A) and D)

Question 13

Decreasing customer loyalty, increasing costs, and decreasing sales are all examples of business strategies.

Accepted Answer

A) True 
 B)False

Question 14

Knowledge workers are individuals valued for their ability to mitigate risk and implement critical human resource rules and regulations.

Accepted Answer

A) True 
 B)False

Question 15

When analyzing Porter's three generic strategies for entering a market, if you have a focused strategy, what market should you target?

Accepted Answer

A)  a niche market
B)  a broad market
C)  neither niche or broad markets
D)  both niche and broad marketsE) B) and C)
F) C) and D)

Question 16

The accounting and finance departments primarily use monetary data.

Accepted Answer

A) True 
 B)False

Question 17

To combat business challenges, leaders communicate and execute business strategies, a term deriving from the Greek word stratus for army and ago for leading.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is an example of data?

Accepted Answer

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

Question 19

What are tasks performed by people that customers will buy to satisfy a want or need?

Accepted Answer

A)  goods
B)  services
C)  production
D)  productivityE) B) and C)
F) B) and D)

Question 20

Predictive analytics is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Accepted Answer

A) True 
 B)False

Exam 1: Management Information Systems: Business Driven MIS

To combat business challenges, leaders communicate and execute business strategies, a term deriving from the Greek word stratus for army and ago for leading.

Correct AnswerverifiedShow Answer

When analyzing Porter's three generic strategies for entering a market, if you have a focused strategy, what market should you target?

Correct AnswerverifiedShow Answer

Predictive analytics is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Correct AnswerverifiedShow Answer

What is the rate at which goods and services are produced based upon total output given total inputs?

Correct AnswerverifiedShow Answer

Knowledge workers are individuals valued for their ability to mitigate risk and implement critical human resource rules and regulations.

Correct AnswerverifiedShow Answer

When a company is the first to market with a competitive advantage, it gains a particular benefit known as competitive intelligence.

Correct AnswerverifiedShow Answer

Which of the following is an example of data?

Correct AnswerverifiedShow Answer

Your boss has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a differentiation strategy?

Correct AnswerverifiedShow Answer

MIS can add value to both primary and support activities within a business.Which of the following is not an example of a company adding value by the use of MIS in a support activity?

Correct AnswerverifiedShow Answer

Which activities belong in the marketing department?

Correct AnswerverifiedShow Answer

When reviewing Porter's value chain analysis, which of the following provides customer support after the sale of goods and services?

Correct AnswerverifiedShow Answer

The accounting and finance departments primarily use monetary data.

Correct AnswerverifiedShow Answer

Which of the following is considered information?

Correct AnswerverifiedShow Answer

What are tasks performed by people that customers will buy to satisfy a want or need?

Correct AnswerverifiedShow Answer

It is not uncommon to find stakeholders' business strategies have conflicting interests such as investors looking to increase profits by eliminating employee jobs.

Correct AnswerverifiedShow Answer

Waiting tables, teaching, and cutting hair are all examples of services that people pay for to fulfill a need.

Correct AnswerverifiedShow Answer

Decreasing customer loyalty, increasing costs, and decreasing sales are all examples of business strategies.

Correct AnswerverifiedShow Answer

Which of the following is not considered a core driver of the information age?

Correct AnswerverifiedShow Answer

Which of the following offers an example of a company operating in a narrow focused-market operating as the low-cost provider?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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