Question 1

Gina Brooks works for Aquarium Retail Services selling high-end salt water fish and tank supplies. Aquarium Retail Services is the current market leader in Gina's city. Gina has recently been approached by Deep Blue Incorporated with an opportunity to run its corporate nation-wide marketing and sales division. Gina decides to jump at the opportunity! Deep Blue is attempting to gain a competitive ________ by stealing its competitor's key employees.

Accepted Answer

A)  Power
B)  Entry Barrier
C)  Advantage
D)  LoyaltyE) C) and D)
F) B) and C)

Question 2

In terms of system thinking, what is the computer program that processes the data?

Accepted Answer

A)  Input.
B)  Output.
C)  Process
D)  FeedbackE) B) and D)
F) C) and D)

Question 3

A snapshot is a view of data at a particular moment in time.

Accepted Answer

A) True 
 B)False

Question 4

What 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)  Goods
B)  Services
C)  Production
D)  ProductivityE) All of the above
F) A) and C)

Question 5

What extracts information from data and uses it to predict future trends and identify behavioral patterns?

Accepted Answer

A)  Internet of Things
B)  Predictive Analytics
C)  Machine to Machine
D)  Flat WorldE) C) and D)
F) B) and D)

Question 6

The value chain will group a company's activities into two categories: primary value activities and support value activities.

Accepted Answer

A) True 
 B)False

Question 7

The sales and marketing departments primarily use monetary data.

Accepted Answer

A) True 
 B)False

Question 8

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

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

Question 10

Jeremy Bridges is an executive for Green Web Designs, where his primary role is to ensure the security of business systems and develop strategies to protect the company from online viruses and hackers. What is Jeremy's role within the company?

Accepted Answer

A)  Chief Executive Officer (CEO) .
B)  Chief Security Officer (CSO) .
C)  Chief Procurement Officer (CPO) .
D)  Chief Technology Officer (CTO) .E) A) and B)
F) A) and D)

Question 11

What is a feature of a product or service that customers have come to expect and entering competitors must offer the same if they want to survive?

Accepted Answer

A)  Significant barrier.
B)  Entry barrier.
C)  Product differentiation.
D)  Entry chain.E) B) and C)
F) A) and D)

Question 12

In many instances, an MIS job will remain unfilled for an extended period of time when an employer needs to hire someone who has a very specific set of skills. In recruiting lingo, such candidates are referred to as purple turtles.

Accepted Answer

A) True 
 B)False

Question 13

What is supplier 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 choose.E) A) and D)
F) A) and C)

Question 14

Unstructured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Accepted Answer

A) True 
 B)False

Question 15

What are Porter's three generic strategies?

Accepted Answer

A)  Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
B)  Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
C)  Views a firm as a series of business processes, each of which adds value to the product or service.
D)  Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service.E) A) and B)
F) A) and C)

Question 16

Buyer power is included as one of Porter's three generic strategies.

Accepted Answer

A) True 
 B)False

Question 17

What type of report is created based on data that does not change?

Accepted Answer

A)  Static report.
B)  Dynamic report.
C)  Variable report.
D)  Structured report.E) A) and D)
F) C) and D)

Question 18

Which activities belong in the accounting 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 demand.E) All of the above
F) A) and C)

Question 19

What are business analytics?

Accepted Answer

A)  The scientific process of transforming data into insight for making better decisions.
B)  Uses techniques that describe past performance and history.
C)  Uses techniques that extract information from data and use it to predict future trends and identify behavioral patterns.
D)  Uses techniques that create models indicating the best decision to make or course of action to take.E) A) and B)
F) None of the above

Question 20

What is the confirmation or validation of an event or object?

Accepted Answer

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

Exam 1: Management Information Systems: Business Driven MIS

What is the confirmation or validation of an event or object?

Correct Answer
verified

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).

Correct Answer
verified

What extracts information from data and uses it to predict future trends and identify behavioral patterns?

Correct Answer
verified

Jeremy Bridges is an executive for Green Web Designs, where his primary role is to ensure the security of business systems and develop strategies to protect the company from online viruses and hackers. What is Jeremy's role within the company?

Correct Answer
verified

What are Porter's three generic strategies?

Correct Answer
verified

Buyer power is included as one of Porter's three generic strategies.

Correct Answer
verified

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

Correct Answer
verified

The value chain will group a company's activities into two categories: primary value activities and support value activities.

Correct Answer
verified

What is supplier power?

Correct Answer
verified

Correct Answer
verified

In many instances, an MIS job will remain unfilled for an extended period of time when an employer needs to hire someone who has a very specific set of skills. In recruiting lingo, such candidates are referred to as purple turtles.

Correct Answer
verified

Which activities belong in the accounting department?

Correct Answer
verified

What type of report is created based on data that does not change?

Correct Answer
verified

What is a feature of a product or service that customers have come to expect and entering competitors must offer the same if they want to survive?

Correct Answer
verified

The sales and marketing departments primarily use monetary data.

Correct Answer
verified

In terms of system thinking, what is the computer program that processes the data?

Correct Answer
verified

Unstructured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Correct Answer
verified

What are business analytics?

Correct Answer
verified

What 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 Answer
verified

A snapshot is a view of data at a particular moment in time.

Correct Answer
verified

Exam 1: Management Information Systems: Business Driven MIS

What is the confirmation or validation of an event or object?

Correct AnswerverifiedShow Answer

Supplier power is one of Porter's five forces and it measures the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).

Correct AnswerverifiedShow Answer

What extracts information from data and uses it to predict future trends and identify behavioral patterns?

Correct AnswerverifiedShow Answer

Jeremy Bridges is an executive for Green Web Designs, where his primary role is to ensure the security of business systems and develop strategies to protect the company from online viruses and hackers. What is Jeremy's role within the company?

Correct AnswerverifiedShow Answer

What are Porter's three generic strategies?

Correct AnswerverifiedShow Answer

Buyer power is included as one of Porter's three generic strategies.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The value chain will group a company's activities into two categories: primary value activities and support value activities.

Correct AnswerverifiedShow Answer

What is supplier power?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

In many instances, an MIS job will remain unfilled for an extended period of time when an employer needs to hire someone who has a very specific set of skills. In recruiting lingo, such candidates are referred to as purple turtles.

Correct AnswerverifiedShow Answer

Which activities belong in the accounting department?

Correct AnswerverifiedShow Answer

What type of report is created based on data that does not change?

Correct AnswerverifiedShow Answer

What is a feature of a product or service that customers have come to expect and entering competitors must offer the same if they want to survive?

Correct AnswerverifiedShow Answer

The sales and marketing departments primarily use monetary data.

Correct AnswerverifiedShow Answer

In terms of system thinking, what is the computer program that processes the data?

Correct AnswerverifiedShow Answer

Unstructured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

Correct AnswerverifiedShow Answer

What are business analytics?

Correct AnswerverifiedShow Answer

What 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

A snapshot is a view of data at a particular moment in time.

Correct AnswerverifiedShow Answer

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