Question 1

The information age is the present time,during which infinite quantities of facts are widely available to anyone who can use a computer.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following represents a reason why competitive advantages are typically temporary?

Accepted Answer

A)  The competitor will hire away your key employees.
B)  The competitor quickly seeks ways to duplicate your business operations.
C)  The competitor will purchase new technology.
D)  All the answers are correct.E) None of the above
F) B) and C)

Question 3

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

Accepted Answer

Value chain analysis is a useful tool fo...

Question 4

Which role within a company is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives?

Accepted Answer

A)  Chief knowledge officer (CKO) .
B)  Chief privacy officer (CPO) .
C)  Chief information officer (CIO) .
D)  Chief security officer (CSO) .E) A) and C)
F) None of the above

Question 5

Companies update business strategies continuously as internal and external environments change.

Accepted Answer

A) True 
 B)False

Question 6

Paula Logston is the owner and operator of a high-end online custom clothing company.Paula has never heard of Porter's Five Forces Model and she wants to understand why she would perform an analysis using it.If you were tasked with explaining Porter's Five Forces Model to Paula,what would be the primary reason she would want to use this type of analysis?

Accepted Answer

A)  To help Paula choose a clothing business focus.
B)  To help Paula evaluate the attractiveness of the clothing industry.
C)  To help Paula evaluate and execute business goals.
D)  All the answers are correct.E) C) and D)
F) All of the above

Question 7

What is a way of monitoring the entire system in a company by viewing the multiple inputs being processed or transformed to produce outputs?

Accepted Answer

A)  Feedback thinking.
B)  Systems thinking.
C)  Output management.
D)  Operational thinking.E) None of the above
F) A) and B)

Question 8

Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?

Accepted Answer

A)  Suppliers can drive down profits by charging more for supplies.
B)  Greater sales automation can decrease time taken to fulfil sales orders.
C)  Substitute products can steal customers.
D)  Competition can steal customers.E) C) and D)
F) B) and C)

Question 9

Which of the following represents the definition of a variable?

Accepted Answer

A)  A data characteristic that is collected through competitive intelligence and cannot change over time.
B)  A data characteristic that stands for a value that changes or varies over time.
C)  A data characteristic that stands for a value that does not change or vary over time.
D)  A data characteristic that is collected only through competitive intelligence and can change over time.E) All of the above
F) A) and B)

Question 10

Cheryl Steffan is the operations manager for Nature's Bread Company,which specialises in providing natural products for health conscious individuals.Cheryl is responsible for compiling,analysing and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of a piece of data Cheryl would be using to successfully perform her job?

Accepted Answer

A)  Craig Newmark is customer number 15467.
B)  Compare the costs of supplies including energy over the last five years to determine the best-selling product by month.
C)  Best-selling product by day.
D)  Best-selling product changes when Tony the best baker is working.E) A) and B)
F) None of the above

Question 11

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

Accepted Answer

A)  Broad market
B)  Narrow market
C)  Broad range products
D)  Broad range of servicesE) B) and D)
F) A) and C)

Question 12

Describe Porter's Five Forces Model and explain each of the five forces.

Accepted Answer

Porter's Five Forces model is used to de...

Exam 1: Information Systems Are Business

Which role within a company is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives?

Correct Answer
verified

What is a way of monitoring the entire system in a company by viewing the multiple inputs being processed or transformed to produce outputs?

Correct Answer
verified

Which of the following represents a reason why competitive advantages are typically temporary?

Correct Answer
verified

Companies update business strategies continuously as internal and external environments change.

Correct Answer
verified

Which of the following represents the definition of a variable?

Correct Answer
verified

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

Correct Answer
verified
Value chain analysis is a useful tool fo...
View Answer

Correct Answer
verified

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

Correct Answer
verified

Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?

Correct Answer
verified

Describe Porter's Five Forces Model and explain each of the five forces.

Correct Answer
verified
Porter's Five Forces model is used to de...
View Answer

The information age is the present time,during which infinite quantities of facts are widely available to anyone who can use a computer.

Correct Answer
verified

Correct Answer
verified

Exam 1: Information Systems Are Business

Which role within a company is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives?

Correct AnswerverifiedShow Answer

What is a way of monitoring the entire system in a company by viewing the multiple inputs being processed or transformed to produce outputs?

Correct AnswerverifiedShow Answer

Which of the following represents a reason why competitive advantages are typically temporary?

Correct AnswerverifiedShow Answer

Companies update business strategies continuously as internal and external environments change.

Correct AnswerverifiedShow Answer

Which of the following represents the definition of a variable?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedValue chain analysis is a useful tool fo...View AnswerShow Answer

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?

Correct AnswerverifiedShow Answer

Describe Porter's Five Forces Model and explain each of the five forces.

Correct AnswerverifiedPorter's Five Forces model is used to de...View AnswerShow Answer

The information age is the present time,during which infinite quantities of facts are widely available to anyone who can use a computer.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Value chain analysis is a useful tool fo...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Porter's Five Forces model is used to de...
View Answer

Correct Answer
verified

Correct Answer
verified