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Exam 1: Management Information Systems: Business Driven MIS

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Question 81

True/False

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Goods are material items or products that customers will buy to satisfy a want or need.

A) True
B) False

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Question 82

Multiple Choice

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Jennifer is writing a paper and she must determine which of Porter's three generic strategies The Museum Company has implemented.Jennifer finds out that The Museum Company offers specialty products found only in museums around the world to affluent customers.What would Jennifer determine The Museum Company is using as its generic strategy?

A) broad market, low cost
B) narrow market, high cost
C) broad market, high cost
D) narrow market, low cost

E) C) and D)
F) B) and D)

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Question 83

Multiple Choice

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Which department maintains policies, plans, and procedures for the effective management of employees?

The banking industry has implemented several competitive advantages including ATMs, online bill pay services, and electronic statements.Of course, these competitive advantages were quickly duplicated by any competitor that wanted to remain in the banking industry.These were all examples of which competitive advantage?

Businesses rarely need to update business strategies as the business environment remains relatively stable.

What is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making?

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

The business decisions made by the finance department include investment data, monetary data, and reporting data.

If you were thinking about a home theater system, which of the following represents the process?

Which of the following represents a typical supply chain?

The chief knowledge officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

Which of the following is not considered a category within the primary value activities in a value chain analysis?

Which department records, measures, and reports monetary transactions?

Where would you categorize strengths in a SWOT analysis?

Susan is an executive at Equity Title where she is responsible for collecting, maintaining and distributing knowledge for the company.What is Susan's role at Equity Title?

Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable.

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

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

When evaluating the value chain, which of the following is included in the support value activities?

What is data converted into a meaningful and useful context?