Question 1

Structured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not considered a core driver of the information age?

Accepted Answer

A) Information. 
B) Business Intelligence. 
C) Knowledge. 
D) Variables. 
A) Information. 
B) Business Intelligence. 
C) Knowledge. 
D) Variables.

Question 3

A SWOT analysis will evaluate potential internal strengths, internal weaknesses, and external opportunities.

Accepted Answer

A) True 
 B)False

Question 4

Descriptive analytics is the scientific process of transforming data into insight for making better decisions.

Accepted Answer

A) True 
 B)False

Question 5

Demonstrate how a company can add value by using Porter's value chain analysis.

Accepted Answer

To identify competitive advantages, Mich

Question 6

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 books. 
A) Amazon.com. 
B) Any local independent book store that specializes in antique books. 
C) Barnes & Noble. 
D) Borders books.

Question 7

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

Accepted Answer

A) Technology development. 
B) Outbound logistics. 
C) Human resource management. 
D) Firm infrastructure. 
A) Technology development. 
B) Outbound logistics. 
C) Human resource management. 
D) Firm infrastructure.

Question 8

Machine to machine (M2M)refers to devices that connect directly to other devices.

Accepted Answer

A) True 
 B)False

Question 9

A standardized set of activities that accomplish a specific task is called a supply chain component.

Accepted Answer

A) True 
 B)False

Question 10

The chief intellectual property officer (CIPO)is responsible for collecting, maintaining, and distributing the organization's knowledge.

Accepted Answer

A) True 
 B)False

Question 11

Who is responsible for ensuring the ethical and legal use of information within a company?

Accepted Answer

A) Chief technology officer (CTO). 
B) Chief security officer (CSO). 
C) Chief privacy officer (CPO). 
D) Chief knowledge officer (CKO). 
A) Chief technology officer (CTO). 
B) Chief security officer (CSO). 
C) Chief privacy officer (CPO). 
D) Chief knowledge officer (CKO).

Question 12

Many CPOs are lawyers by training, enabling them to understand the often complex legal issues surrounding the use of information.

Accepted Answer

A) True 
 B)False

Question 13

What is a value chain analysis?

Accepted Answer

A) Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies. 
B) Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry. 
C) Views a firm as a series of business processes, each of which adds value to the product or service. 
D) Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service. 
A) Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies. 
B) Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry. 
C) Views a firm as a series of business processes, each of which adds value to the product or service. 
D) Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service.

Question 14

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Accepted Answer

A) Sales. 
B) Operations Management. 
C) Accounting. 
D) Finance. 
A) Sales. 
B) Operations Management. 
C) Accounting. 
D) Finance.

Question 15

Tiffany & Company competes in the marketplace by offering high cost custom jewelry. Tiffany & Company is following a broad market and cost leadership strategy.

Accepted Answer

A) True 
 B)False

Question 16

A primary value activity is a standardized set of activities that accomplish a specific task, such as processing a customer's order.

Accepted Answer

A) True 
 B)False

Question 17

In a SWOT analysis potential external opportunities are helpful when they identify all significant trends along with how the organization can benefit from each, including new markets, additional customer groups, legal changes, innovative technologies, population changes, competitor issues, and so on.

Accepted Answer

A) True 
 B)False

Question 18

What refers to devices that connect directly to other devices?

Accepted Answer

A) Internet of Things 
B) Predictive Analytics 
C) Machine to Machine 
D) Flat World 
A) Internet of Things 
B) Predictive Analytics 
C) Machine to Machine 
D) Flat World

Question 19

Which data types are typically found in the finance department?

Accepted Answer

A) Promotion data, sales data, advertising data. 
B) Employee data, promotion data, vacation data. 
C) Investment data, monetary data, reporting data. 
D) Transactional data, purchasing data, payroll data, tax data. 
A) Promotion data, sales data, advertising data. 
B) Employee data, promotion data, vacation data. 
C) Investment data, monetary data, reporting data. 
D) Transactional data, purchasing data, payroll data, tax data.

Question 20

According to Fast Company magazine, which of the following executive levels might we see created over the next decade?

Accepted Answer

A) Chief intellectual property officer. 
B) Chief automation officer. 
C) Chief user experience officer. 
D) All of the above. 
A) Chief intellectual property officer. 
B) Chief automation officer. 
C) Chief user experience officer. 
D) All of the above.

Structured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

Which of the following is not considered a core driver of the information age?

A SWOT analysis will evaluate potential internal strengths, internal weaknesses, and external opportunities.

Descriptive analytics is the scientific process of transforming data into insight for making better decisions.

Demonstrate how a company can add value by using Porter's value chain analysis.

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?

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

Machine to machine (M2M)refers to devices that connect directly to other devices.

A standardized set of activities that accomplish a specific task is called a supply chain component.

The chief intellectual property officer (CIPO)is responsible for collecting, maintaining, and distributing the organization's knowledge.

Who is responsible for ensuring the ethical and legal use of information within a company?

Many CPOs are lawyers by training, enabling them to understand the often complex legal issues surrounding the use of information.

What is a value chain analysis?

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Tiffany & Company competes in the marketplace by offering high cost custom jewelry. Tiffany & Company is following a broad market and cost leadership strategy.

A primary value activity is a standardized set of activities that accomplish a specific task, such as processing a customer's order.

What refers to devices that connect directly to other devices?

Which data types are typically found in the finance department?

According to Fast Company magazine, which of the following executive levels might we see created over the next decade?

Decisions and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: MIS Business Concerns

Infrastructures: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporate Responsibility

Hardware and Software Basics

Networks and Telecommunications

Designing Databases

Emerging Trends and Technologies

Filters

Exam 1: Management Information Systems: Business Driven MIS

Structured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

Which of the following is not considered a core driver of the information age?

A SWOT analysis will evaluate potential internal strengths, internal weaknesses, and external opportunities.

Descriptive analytics is the scientific process of transforming data into insight for making better decisions.

Demonstrate how a company can add value by using Porter's value chain analysis.

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?

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

Machine to machine (M2M)refers to devices that connect directly to other devices.

A standardized set of activities that accomplish a specific task is called a supply chain component.

The chief intellectual property officer (CIPO)is responsible for collecting, maintaining, and distributing the organization's knowledge.

Who is responsible for ensuring the ethical and legal use of information within a company?

Many CPOs are lawyers by training, enabling them to understand the often complex legal issues surrounding the use of information.

What is a value chain analysis?

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

Tiffany & Company competes in the marketplace by offering high cost custom jewelry. Tiffany & Company is following a broad market and cost leadership strategy.

A primary value activity is a standardized set of activities that accomplish a specific task, such as processing a customer's order.

What refers to devices that connect directly to other devices?

Which data types are typically found in the finance department?

According to Fast Company magazine, which of the following executive levels might we see created over the next decade?

Decisions and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: MIS Business Concerns

Infrastructures: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporate Responsibility

Hardware and Software Basics

Networks and Telecommunications

Designing Databases

Emerging Trends and Technologies

Filters