Question 1

According to agency theory,the firm is viewed as a(n):

Accepted Answer

A) unified,profit-maximizing entity. 
B) task force organization that must respond to rapidly changing environments. 
C) entrepreneurial endeavor. 
D) "nexus of contracts" among self-interested individuals. 
A) unified,profit-maximizing entity. 
B) task force organization that must respond to rapidly changing environments. 
C) entrepreneurial endeavor. 
D) "nexus of contracts" among self-interested individuals.

Question 2

How are information systems used at the industry level to achieve strategic advantage?

Accepted Answer

A) by building industry-wide,IT-supported consortia and symposia 
B) by raising the bargaining power of suppliers 
C) by encouraging the entry of new competitors 
D) by enforcing standards that reduce the differences between competitors 
A) by building industry-wide,IT-supported consortia and symposia 
B) by raising the bargaining power of suppliers 
C) by encouraging the entry of new competitors 
D) by enforcing standards that reduce the differences between competitors

Question 3

Benchmarking

Accepted Answer

A) compares the efficiency and effectiveness of your business processes against strict standards. 
B) allows industry participants to influence industry-wide standards. 
C) is used to measure the speed and responsiveness of information technology. 
D) synchronizes the business processes of customers,suppliers,and trading partners. 
A) compares the efficiency and effectiveness of your business processes against strict standards. 
B) allows industry participants to influence industry-wide standards. 
C) is used to measure the speed and responsiveness of information technology. 
D) synchronizes the business processes of customers,suppliers,and trading partners.

Question 4

The most successful solutions or methods for achieving a business objective are called

Accepted Answer

A) value activities. 
B) best processes. 
C) core competencies. 
D) best practices. 
A) value activities. 
B) best processes. 
C) core competencies. 
D) best practices.

Question 5

As a ________ you will be the one to decide which systems will be developed,what they will do,and how they will be implemented.

Accepted Answer

A) manager 
B) programmer 
C) systems analyst 
D) secretary 
A) manager 
B) programmer 
C) systems analyst 
D) secretary

Question 6

From the point of view of economics,IT changes both the relative costs of ________ and the costs of ________.

Accepted Answer

The answer of From the point of view of economics,IT...

Question 7

Which of the following is NOT one of the competitive forces?

Accepted Answer

A) suppliers 
B) other competitors 
C) external environment 
D) customers 
A) suppliers 
B) other competitors 
C) external environment 
D) customers

Question 8

Because IT reduces both agency and ________ costs for firms,we should expect firm size to shrink over time as more capital is invested in IT.

Accepted Answer

The answer of Because IT reduces both agency and ________...

Question 9

A firm can use information systems to achieve the ________ operational costs and the ________ prices.

Accepted Answer

The answer of A firm can use information systems to...

Question 10

An ________ is a stable,formal social structure that takes resources from the environment and processes them to produce outputs.

Accepted Answer

The answer of An ________ is a stable,formal social structure...

Question 11

Postindustrial theories based more on history and sociology than economics also support the notion that IT should ________ hierarchies.

Accepted Answer

The answer of Postindustrial theories based more on history and...

Question 12

A substitute product of most concern for a cable TV distributor is

Accepted Answer

A) satellite TV. 
B) broadcast TV. 
C) satellite radio. 
D) the Internet. 
A) satellite TV. 
B) broadcast TV. 
C) satellite radio. 
D) the Internet.

Question 13

________ is the ability to offer individually tailored products or services using the same production resources as bulk production.

Accepted Answer

A) Mass customization 
B) Size customization 
C) Magnitude customization 
D) Dimension customization 
A) Mass customization 
B) Size customization 
C) Magnitude customization 
D) Dimension customization

Question 14

Capital and labour are primary production factors provided by the environment.

Accepted Answer

A) True 
 B)False

Question 15

Information systems make it possible for companies such as ________ to outsource their production to contract manufacturers such as Flextronics instead of making their products themselves.

Accepted Answer

A) Cisco Systems and Dell Inc. 
B) Microsoft and Dell Inc. 
C) Cisco Systems and Google 
D) Cisco Systems and Microsoft 
A) Cisco Systems and Dell Inc. 
B) Microsoft and Dell Inc. 
C) Cisco Systems and Google 
D) Cisco Systems and Microsoft

Question 16

________ strategies include the use of network economics,a virtual company model,and business ecosystems.

Accepted Answer

The answer of ________ strategies include the use of network...

Question 17

Value chain analysis is useful at the business level to highlight specific activities in the business where information systems are most likely to have a strategic impact.Discuss this model,identify the activities,and describe how the model can be applied to the concept of information technology.

Accepted Answer

The value chain model identifies specifi

Question 18

Walmart is an example of a manufacturer using information systems to create products and services that are customized and personalized to fit the precise specifications of individual customers.

Accepted Answer

A) True 
 B)False

Question 19

In network economics,the value of a commercial software vendor's software products

Accepted Answer

A) increases as more people use them. 
B) decreases as more people use them. 
C) increases due to higher marginal gain in output. 
D) decreases according to the law of diminishing returns. 
A) increases as more people use them. 
B) decreases as more people use them. 
C) increases due to higher marginal gain in output. 
D) decreases according to the law of diminishing returns.

Question 20

Internet technology

Accepted Answer

A) makes it easy for rivals to compete on price alone. 
B) imposes a significant cost of entry,due to infrastructure requirements. 
C) increases the difference between competitors because of the wide availability of information. 
D) makes it easy to sustain operational advantages. 
A) makes it easy for rivals to compete on price alone. 
B) imposes a significant cost of entry,due to infrastructure requirements. 
C) increases the difference between competitors because of the wide availability of information. 
D) makes it easy to sustain operational advantages.

According to agency theory,the firm is viewed as a(n):

How are information systems used at the industry level to achieve strategic advantage?

Benchmarking

The most successful solutions or methods for achieving a business objective are called

As a ________ you will be the one to decide which systems will be developed,what they will do,and how they will be implemented.

From the point of view of economics,IT changes both the relative costs of and the costs of .

Which of the following is NOT one of the competitive forces?

Because IT reduces both agency and ________ costs for firms,we should expect firm size to shrink over time as more capital is invested in IT.

A firm can use information systems to achieve the operational costs and the prices.

An ________ is a stable,formal social structure that takes resources from the environment and processes them to produce outputs.

Postindustrial theories based more on history and sociology than economics also support the notion that IT should ________ hierarchies.

A substitute product of most concern for a cable TV distributor is

________ is the ability to offer individually tailored products or services using the same production resources as bulk production.

Capital and labour are primary production factors provided by the environment.

Information systems make it possible for companies such as ________ to outsource their production to contract manufacturers such as Flextronics instead of making their products themselves.

________ strategies include the use of network economics,a virtual company model,and business ecosystems.

Value chain analysis is useful at the business level to highlight specific activities in the business where information systems are most likely to have a strategic impact.Discuss this model,identify the activities,and describe how the model can be applied to the concept of information technology.

Walmart is an example of a manufacturer using information systems to create products and services that are customized and personalized to fit the precise specifications of individual customers.

In network economics,the value of a commercial software vendor's software products

Internet technology

Information Systems in Global Business Today

How Businesses Use Information Systems

Social, ethical, and Legal Issues in Information Systems

It Infrastructure and Emerging Technologies

Databases and Information Management

Telecommunications, the Internet, and Wireless Technology

Securing Information Systems

Enterprise Applications to Manage Supply Chains and Respond to Customers

E-Commerce: Digital Markets and Digital Goods

Managing Knowledge

Enhancing Decision Making

Developing Information Systems

Project Management, business Value, and Managing Change

Managing Global Systems

Filters

Exam 3: Information Systems, organizations, and Strategy

According to agency theory,the firm is viewed as a(n):

How are information systems used at the industry level to achieve strategic advantage?

Benchmarking

The most successful solutions or methods for achieving a business objective are called

As a ________ you will be the one to decide which systems will be developed,what they will do,and how they will be implemented.

From the point of view of economics,IT changes both the relative costs of ________ and the costs of ________.

Which of the following is NOT one of the competitive forces?

Because IT reduces both agency and ________ costs for firms,we should expect firm size to shrink over time as more capital is invested in IT.

A firm can use information systems to achieve the ________ operational costs and the ________ prices.

An ________ is a stable,formal social structure that takes resources from the environment and processes them to produce outputs.

Postindustrial theories based more on history and sociology than economics also support the notion that IT should ________ hierarchies.

A substitute product of most concern for a cable TV distributor is

________ is the ability to offer individually tailored products or services using the same production resources as bulk production.

Capital and labour are primary production factors provided by the environment.

Information systems make it possible for companies such as ________ to outsource their production to contract manufacturers such as Flextronics instead of making their products themselves.

________ strategies include the use of network economics,a virtual company model,and business ecosystems.

Value chain analysis is useful at the business level to highlight specific activities in the business where information systems are most likely to have a strategic impact.Discuss this model,identify the activities,and describe how the model can be applied to the concept of information technology.

Walmart is an example of a manufacturer using information systems to create products and services that are customized and personalized to fit the precise specifications of individual customers.

In network economics,the value of a commercial software vendor's software products

Internet technology

Information Systems in Global Business Today

How Businesses Use Information Systems

Social, ethical, and Legal Issues in Information Systems

It Infrastructure and Emerging Technologies

Databases and Information Management

Telecommunications, the Internet, and Wireless Technology

Securing Information Systems

Enterprise Applications to Manage Supply Chains and Respond to Customers

E-Commerce: Digital Markets and Digital Goods

Managing Knowledge

Enhancing Decision Making

Developing Information Systems

Project Management, business Value, and Managing Change

Managing Global Systems

Filters

From the point of view of economics,IT changes both the relative costs of and the costs of .

A firm can use information systems to achieve the operational costs and the prices.