Question 1

Briefly explain process implementation in competitive strategies.

Accepted Answer

Organizations can use various process im

Question 2

Which of the following principles of competitive advantage is related to process implementations?

Accepted Answer

A)  create new products 
B)  lock in buyers 
C)  enhance services 
D)  differentiate services 
E)  create new services 
A)  create new products 
B)  lock in buyers 
C)  enhance services 
D)  differentiate services 
E)  create new services

Question 3

As the purchasing manager of a company that designs costumes, Natalie orders yards of fabric in preparation for Halloween. Natalie's duties can be classified under the ________ category of a business process.

Accepted Answer

A)  outbound logistics 
B)  marketing 
C)  operations 
D)  inbound logistics 
E)  sales 
A)  outbound logistics 
B)  marketing 
C)  operations 
D)  inbound logistics 
E)  sales

Question 4

LNG is a large multinational appliance manufacturer. The company gets raw materials from many vendors. In this case, LNG is characterized by ________.

Accepted Answer

A)  very low threat of substitute products 
B)  high bargaining power over its suppliers 
C)  very low threat of new entrants in the market 
D)  very high bargaining power over its customers 
E)  low bargaining power over its suppliers 
A)  very low threat of substitute products 
B)  high bargaining power over its suppliers 
C)  very low threat of new entrants in the market 
D)  very high bargaining power over its customers 
E)  low bargaining power over its suppliers

Question 5

In the value chain, customer service is concerned with inducing buyers to purchase the product and providing a means for them to do so.

Accepted Answer

A) True 
 B)False

Question 6

The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.

Accepted Answer

A)  low threat of substitutions 
B)  high bargaining power of suppliers 
C)  high levels of rivalry 
D)  low bargaining power of customers 
E)  low levels of rivalry 
A)  low threat of substitutions 
B)  high bargaining power of suppliers 
C)  high levels of rivalry 
D)  low bargaining power of customers 
E)  low levels of rivalry

Question 7

The difference between the value that an activity generates and the cost of the activity is called margin.

Accepted Answer

A) True 
 B)False

Question 8

Identify the activity in the value chain that involves receiving and handling of raw materials and other inputs to the product.

Accepted Answer

A)  inbound logistics 
B)  procurement 
C)  manufacturing 
D)  outbound logistics 
E)  optimized ordering 
A)  inbound logistics 
B)  procurement 
C)  manufacturing 
D)  outbound logistics 
E)  optimized ordering

Question 9

Which of the following value chain activities involves assisting users with handling of the products after sale, thus maintaining and enhancing the products' value?

Accepted Answer

A)  inbound logistics 
B)  customer service 
C)  operations 
D)  outbound logistics 
E)  sales and marketing 
A)  inbound logistics 
B)  customer service 
C)  operations 
D)  outbound logistics 
E)  sales and marketing

Question 10

Which of the following paved the way for the creation of a business process design?

Accepted Answer

A)  support activities 
B)  triggers 
C)  linkages 
D)  primary activities 
E)  electronic data interchanges 
A)  support activities 
B)  triggers 
C)  linkages 
D)  primary activities 
E)  electronic data interchanges

Question 11

In a manufacturing business, which of the following transforms finished goods into cash?

Accepted Answer

A)  warehouse operations 
B)  manufacturing process 
C)  sales process 
D)  outbound logistics 
E)  inbound logistics 
A)  warehouse operations 
B)  manufacturing process 
C)  sales process 
D)  outbound logistics 
E)  inbound logistics

Question 12

The cost of the business process is the cost of the inputs plus the cost of the outputs.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following employees performs a support activity in the value chain?

Accepted Answer

A)  Jackson is involved in the development of technological infrastructure. 
B)  Sofia is a member of the recruitment team. 
C)  Nathaniel is in charge of setting up contractual agreements with vendors. 
D)  Nora is a financial analyst who rates and gives investment advice. 
E)  Noah is the corporate accountant who manages tax liabilities. 
A)  Jackson is involved in the development of technological infrastructure. 
B)  Sofia is a member of the recruitment team. 
C)  Nathaniel is in charge of setting up contractual agreements with vendors. 
D)  Nora is a financial analyst who rates and gives investment advice. 
E)  Noah is the corporate accountant who manages tax liabilities.

Question 14

Which of the following statements is consistent with the central idea of business process design?

Accepted Answer

A)  Technology should be used to supplement the existing value chain. 
B)  Business processes should focus on improving individual functional systems. 
C)  Organizations should create new business processes instead of improving existing systems. 
D)  Technology should be used to modify and improve standard business processes. 
E)  Experimental technology can drive innovative business processes. 
A)  Technology should be used to supplement the existing value chain. 
B)  Business processes should focus on improving individual functional systems. 
C)  Organizations should create new business processes instead of improving existing systems. 
D)  Technology should be used to modify and improve standard business processes. 
E)  Experimental technology can drive innovative business processes.

Question 15

The difference between the value that an activity generates and the cost of the activity is called the ________.

Accepted Answer

A)  margin 
B)  turnover 
C)  revenue 
D)  profit 
E)  quick ratio 
A)  margin 
B)  turnover 
C)  revenue 
D)  profit 
E)  quick ratio

Question 16

Which of the following factors determines the structure, features, and functions of an information system used in a company?

Accepted Answer

A)  the competitive strategy 
B)  the value of its brands 
C)  the size of the company 
D)  the number of competitors 
E)  the company's PE ratio 
A)  the competitive strategy 
B)  the value of its brands 
C)  the size of the company 
D)  the number of competitors 
E)  the company's PE ratio

Question 17

Madison, the project manager of a sports apparel company, estimates that the demand for jogging shoes is likely to decline in the coming months. He advises the procurement department to order raw material accordingly to ensure minimum wastage. This intercommunication that facilitates smooth operations is called ________.

Accepted Answer

A)  market research 
B)  outbound logistics 
C)  strategizing 
D)  linkages 
E)  interoperation 
A)  market research 
B)  outbound logistics 
C)  strategizing 
D)  linkages 
E)  interoperation

Question 18

Which of the following defines a repository?

Accepted Answer

A)  a backup plan of action in case of emergencies 
B)  a department devoted specifically for market research 
C)  a place where finished goods undergo a quality check before shipment 
D)  a collection of something, such as data or raw materials 
E)  a financial center for storing overnight balances 
A)  a backup plan of action in case of emergencies 
B)  a department devoted specifically for market research 
C)  a place where finished goods undergo a quality check before shipment 
D)  a collection of something, such as data or raw materials 
E)  a financial center for storing overnight balances

Question 19

The collective technical capability of an organization determines its competitive strategy.

Accepted Answer

A) True 
 B)False

Question 20

An automobile manufacturer focusing on low-end buyers is following an industry-wide differentiation strategy.

Accepted Answer

A) True 
 B)False

Briefly explain process implementation in competitive strategies.

Which of the following principles of competitive advantage is related to process implementations?

As the purchasing manager of a company that designs costumes, Natalie orders yards of fabric in preparation for Halloween. Natalie's duties can be classified under the ________ category of a business process.

LNG is a large multinational appliance manufacturer. The company gets raw materials from many vendors. In this case, LNG is characterized by ________.

In the value chain, customer service is concerned with inducing buyers to purchase the product and providing a means for them to do so.

The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.

The difference between the value that an activity generates and the cost of the activity is called margin.

Identify the activity in the value chain that involves receiving and handling of raw materials and other inputs to the product.

Which of the following value chain activities involves assisting users with handling of the products after sale, thus maintaining and enhancing the products' value?

Which of the following paved the way for the creation of a business process design?

In a manufacturing business, which of the following transforms finished goods into cash?

The cost of the business process is the cost of the inputs plus the cost of the outputs.

Which of the following employees performs a support activity in the value chain?

Which of the following statements is consistent with the central idea of business process design?

The difference between the value that an activity generates and the cost of the activity is called the ________.

Which of the following factors determines the structure, features, and functions of an information system used in a company?

Which of the following defines a repository?

The collective technical capability of an organization determines its competitive strategy.

An automobile manufacturer focusing on low-end buyers is following an industry-wide differentiation strategy.

The Importance of Mis

Collaboration Information Systems

Hardware, Software, and Mobile Systems

Database Processing

The Cloud

Processes, Organizations, and Information Systems

Social Media Information Systems

Business Intelligence Systems

Information Systems Security

Information Systems Management

Information Systems Development

Filters

Exam 3: Strategy and Information Systems

Briefly explain process implementation in competitive strategies.

Which of the following principles of competitive advantage is related to process implementations?

As the purchasing manager of a company that designs costumes, Natalie orders yards of fabric in preparation for Halloween. Natalie's duties can be classified under the ________ category of a business process.

LNG is a large multinational appliance manufacturer. The company gets raw materials from many vendors. In this case, LNG is characterized by ________.

In the value chain, customer service is concerned with inducing buyers to purchase the product and providing a means for them to do so.

The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.

The difference between the value that an activity generates and the cost of the activity is called margin.

Identify the activity in the value chain that involves receiving and handling of raw materials and other inputs to the product.

Which of the following value chain activities involves assisting users with handling of the products after sale, thus maintaining and enhancing the products' value?

Which of the following paved the way for the creation of a business process design?

In a manufacturing business, which of the following transforms finished goods into cash?

The cost of the business process is the cost of the inputs plus the cost of the outputs.

Which of the following employees performs a support activity in the value chain?

Which of the following statements is consistent with the central idea of business process design?

The difference between the value that an activity generates and the cost of the activity is called the ________.

Which of the following factors determines the structure, features, and functions of an information system used in a company?

Which of the following defines a repository?

The collective technical capability of an organization determines its competitive strategy.

An automobile manufacturer focusing on low-end buyers is following an industry-wide differentiation strategy.

The Importance of Mis

Collaboration Information Systems

Hardware, Software, and Mobile Systems

Database Processing

The Cloud

Processes, Organizations, and Information Systems

Social Media Information Systems

Business Intelligence Systems

Information Systems Security

Information Systems Management

Information Systems Development

Filters