Question 1

The chief knowledge officer is responsible for collecting,maintaining,and distributing company knowledge.

Accepted Answer

A) True 
 B)False

Question 2

What is a snapshot?

Accepted Answer

A)   A world where interconnected,Internet-enabled devices or "things" can collect and share data without human intervention
B)   A view of data at a particular moment in time
C)   Refers to devices that connect directly to other devices
D)   Opportunities to change the way people purchase booksE) A) and B)
F) C) and D)

Question 3

What is production?

Accepted Answer

A)   Material items or products that customer's will buy to satisfy a want or need
B)   Tasks performed by people that customer's will buy to satisfy a want or need
C)   The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services
D)   The rate at which goods and services are produced based upon total output given total inputsE) B) and C)
F) A) and D)

Question 4

To combat business challenge,leaders communicate and execute business strategies from the Greek words stratus for army and ago for leading.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following does not describe structured data?

Accepted Answer

A)   A defined length
B)   Emails,twitter tweets,and text messages are examples of structured data
C)   Is typically stored in a relational database or spreadsheet
D)   A defined formatE) B) and D)
F) C) and D)

Question 6

The Sales department needs to rely on information from operations to understand _________.

Accepted Answer

A)   Inventory
B)   Customer orders
C)   Demand forecasts
D)   All of these choicesE) B) and C)
F) A) and D)

Question 7

Business intelligence is information collected from multiple sources.Which of the following provides an example of a source that would be included in business intelligence?

Accepted Answer

A)   Suppliers
B)   Customers
C)   Competitors
D)   All of these choicesE) All of the above
F) A) and D)

Question 8

Amazon.com uses a customer profiling system whenever a customer visits its website.Using this system,Amazon can offer products tailored to that particular customer's profile and buying pattern.What is Amazon using to achieve this competitive advantage?

Accepted Answer

A)   Rivalry
B)   Buyer power
C)   Product differentiation
D)   Substitute productE) A) and B)
F) A) and C)

Question 9

Imagine you are creating a new product to sell in an up-and-coming market.Which of the below statements indicates that it would be easy for you as the new entrants to compete in this market?

Accepted Answer

A)   The threat of new entrants' force is high in the up-and-coming market.
B)   The threat of new entrants' force is low in the up-and-coming market.
C)   The threat of new entrants' force is impossible to define in the up-and-coming market.
D)   All of these choices,depending on the time of year.E) A) and B)
F) B) and D)

Question 10

Which activities belong in the Finance 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 demandE) B) and D)
F) B) and C)

Question 11

Trina Hauger 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) A) and D)
F) A) and B)

Question 12

Which of the following is considered a good?

Accepted Answer

A)   Cars
B)   Groceries
C)   Clothing
D)   All of these choicesE) A) and B)
F) A) and C)

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

There are many different stakeholders found in an organization.Stakeholders drive business strategies,and depending on the stakeholder's perspective,the business strategy can change.Which of the following is a main concern for shareholders/investors?

Accepted Answer

A)   Maximize profits
B)   Adhere to regulations/laws
C)   Exceptional customer service
D)   Reliable contractsE) A) and B)
F) A) and C)

Question 15

When analyzing the book store industry,some of today's businesses compete with different business strategies and cost strategies.Which of the following is using a broad market competitive scope along with a low cost strategy?

Accepted Answer

A)   Amazon.com
B)   Any local independent book store that specializes in antique books
C)   Barnes & Noble
D)   Borders booksE) None of the above
F) All of the above

Question 16

The chief technology officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

Accepted Answer

A) True 
 B)False

Question 17

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)   fused strategy
D)   None of these choicesE) All of the above
F) A) and C)

Question 18

Which group of stakeholder's primary interests include reliable contracts,ethical materials handling,and responsible production?

Accepted Answer

A)   Partners/suppliers
B)   Shareholders/investors
C)   Community
D)   GovernmentE) B) and D)
F) B) and C)

Question 19

What are material items or products that customer's will buy to satisfy a want or need?

Accepted Answer

A)   Goods
B)   Services
C)   Production
D)   ProductivityE) B) and D)
F) A) and B)

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 1: Management Information Systems: Business Driven MIS

Broad differentiation,broad cost leadership,and _________ create the Three Generic Strategies identified by Porter.

Correct AnswerverifiedShow Answer

Which activities belong in the Finance department?

Correct AnswerverifiedShow Answer

Trina Hauger 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

Which of the following is considered a good?

Correct AnswerverifiedShow Answer

The chief technology officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

Correct AnswerverifiedShow Answer

Amazon.com uses a customer profiling system whenever a customer visits its website.Using this system,Amazon can offer products tailored to that particular customer's profile and buying pattern.What is Amazon using to achieve this competitive advantage?

Correct AnswerverifiedShow Answer

Imagine you are creating a new product to sell in an up-and-coming market.Which of the below statements indicates that it would be easy for you as the new entrants to compete in this market?

Correct AnswerverifiedShow Answer

What are material items or products that customer's will buy to satisfy a want or need?

Correct AnswerverifiedShow Answer

The Sales department needs to rely on information from operations to understand _________.

Correct AnswerverifiedShow Answer

Which of the following does not describe structured data?

Correct AnswerverifiedShow Answer

There are many different stakeholders found in an organization.Stakeholders drive business strategies,and depending on the stakeholder's perspective,the business strategy can change.Which of the following is a main concern for shareholders/investors?

Correct AnswerverifiedShow Answer

When analyzing the book store industry,some of today's businesses compete with different business strategies and cost strategies.Which of the following is using a broad market competitive scope along with a low cost strategy?

Correct AnswerverifiedShow Answer

What is a snapshot?

Correct AnswerverifiedShow Answer

What is production?

Correct AnswerverifiedShow Answer

To combat business challenge,leaders communicate and execute business strategies from the Greek words stratus for army and ago for leading.

Correct AnswerverifiedShow Answer

Business intelligence is information collected from multiple sources.Which of the following provides an example of a source that would be included in business intelligence?

Correct AnswerverifiedShow Answer

The chief knowledge officer is responsible for collecting,maintaining,and distributing company knowledge.

Correct AnswerverifiedShow Answer

Which group of stakeholder's primary interests include reliable contracts,ethical materials handling,and responsible production?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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