question

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

answer

internet of things

question

___ is the confirmation or validation of an event or object

answer

fact

question

___ is not a technology company but used technology to revamp the business process of renting videos

answer

Netflix

question

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

answer

business intelligence

question

to be successful in the information age, the text recommends that a company operate in a specific way. What way does the text recommend a company operate?

answer

interdependently between departments

question

Which department manages the process of converting or transforming resources into goods or services

answer

operation management

question

Which date types are typically found in the marketing department

answer

promotion data, sales data, advertising data

question

Which data types are typically found in the human resources department?

answer

employee data, promotion data, vacation data

question

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

answer

goods

question

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

answer

productivity

question

What does MIS stand for?

answer

Management Information System

question

___ is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses

answer

Chief Security Office (CSO)

question

If you were thinking about a washing machine as a system, which of the following represents the outputs?

answer

the clean clothes

question

Identifying competitive advantages can be difficult and explains why they are typically

answer

temporary

question

Which group of stakeholders primary interest include adhering to regulations.laws, increasing employment, and ethical taxation reporting?

answer

government

question

__ advantage features a product or service on which customers place a greater value than they do on similar offering from competitors

answer

competitive

question

___ strategy evaluates a projects position

answer

SWOT analysis

question

__ executes the business strategy

answer

Value chain analysis

question

Which of the following statements is correct when considering a SWOT analysis

answer

Opportunities and threats originate outside an organization

question

Strengths would be categorized as ____ in a typical SWOT analysis

answer

internal, helpful

question

___ are costs that make customers reluctant to switch to another product or service

answer

switching cost

question

Which of the following describes how a company can reduce the threat of substitute products or services

answer

Offer additional value through wider product distribution

question

___ consists of al parties involved, directly or indirectly, in obtaining raw materials or a product

answer

supply chain

question

___ is the suppliers ability to influence the prices they charge for suppliers (including materials, labor, and services)

answer

supplier power

question

___ is high when there are many alternatives to a product or service and low when there a few alternative from which to choose

answer

threat of substitute products or services

question

__ is a standardized set of activities that accomplishes a specific task

answer

business process

question

___ analyzes a company's business processes and is useful for determining how to create the greatest possible value for customers

answer

value chain analysis

question

When evaluating the value chain, all of the following are included in the primary value activities except

answer

MIS development

question

the core drivers of the information age include

answer

information business intelligence knowledge data

question

which of the following is considered data

answer

quantity sold customer number order data

question

which of the following is considered information

answer

best customer by month best selling item by month

question

which of the following are common departments found in an organization

answer

accounting operations management marketing

question

which of the following are MIS roles found in organization

answer

CIO CFO

question

Choose porter's five forces

answer

buyer power supplier power threat of substitute products and services threat of new entrants rivalry among existing competitors

question

porter identified three generic strategies that a business could follow after identifying a market it wanted to enter. Included porters 3 generic strategies

answer

broad differentiation narrow focused strategy broad cost leadership

MIS-Chap 1 – Flashcards

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