Question 1

Explain the power of suppliers with an example.

Accepted Answer

The answer of Explain the power of suppliers with an...

Question 2

Which of the following is based on the cloud computing concept?

Accepted Answer

A)  MS Access 
B)  Google Docs 
C)  Acrobat Reader 
D)  Internet Explorer

Question 3

________ are the costs that customers incur when they change suppliers.

Accepted Answer

A)  Network costs 
B)  Switching costs 
C)  Capital expenditures 
D)  Opportunity costs

Question 4

ABC Company supplies milk to retail customers in the U.S. There are many sellers offering milk and price is a major determinant of market success. Which of the following predictions about ABC Company is most likely to be true?

Accepted Answer

A)  It will have strong control over its suppliers. 
B)  It will be in a position to dictate terms with the buyers. 
C)  It will have to face powerful buyers. 
D)  It will have strong control over the market.

Question 5

The ecosystem in which a company is embedded is a(n) ________.

Accepted Answer

A)  natural community that is restricted to the members of its value chain 
B)  economic community that includes related industries 
C)  economic community that focuses entirely on the company and its immediate competitors 
D)  community constituted by markets that are not related to the company

Question 6

Explain various competitive strategies in business, with examples.

Accepted Answer

The answer of Explain various competitive strategies in business, with...

Question 7

List Porter's five forces.

Accepted Answer

The answer of List Porter's five forces....

Question 8

Which of the following is a valid observation of the rivalry among existing competitors?

Accepted Answer

A)  It is damaging for the competitors. 
B)  It leads to perfect competition. 
C)  It results in losses for the customers. 
D)  It helps the market grow in terms of quality.

Question 9

Do you think the strategic importance of IT has reduced? Explain your answer.

Accepted Answer

The answer of Do you think the strategic importance of...

Question 10

Which of the following is most closely associated with sustaining technologies?

Accepted Answer

A)  improvements that streamline existing processes 
B)  radical breakthrough that replaces low-end products 
C)  potential to reshape and reform an industry 
D)  association with new product or service led by technology

Question 11

Videoconferencing has evolved as an alternative for business travelling. This is an example of ________.

Accepted Answer

A)  the threat of substitutes in a market 
B)  intensification of rivalry among competitors 
C)  monopolistic competition in markets 
D)  increased power of the suppliers

Question 12

Which of the following is a major difference between a government's IT mission and the IT mission of a nonprofit organization?

Accepted Answer

A)  Governmental issues involve financial transactions, whereas nonprofits do not perform financial transactions using technology. 
B)  Governmental issues will include aspects such as regulation and defense, whereas such issues will not concern nonprofit organizations. 
C)  Governmental issues are limited to e-governance and tax collection, whereas nonprofits involve a variety of issues such as education and health. 
D)  Governmental issues are strategic in nature, whereas the nonprofits' issues are operational in nature.

Question 13

Sustaining technologies streamline existing processes and give companies marginal advantages.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is a major ethical issue arising out of value chain extension?

Accepted Answer

A)  Who is responsible when there is damage? 
B)  How many members should there be in the chain? 
C)  What should be the marketing strategy? 
D)  Should the company make revenue by expansion?

Question 15

Which of the following is the best example of the strategic use of IT?

Accepted Answer

A)  maintaining the IT systems of a company 
B)  establishing a data center to store key information 
C)  transforming the business model of an organization 
D)  licensing the software that a company will use

Question 16

Which of the following is one of the five competitive forces proposed by Porter?

Accepted Answer

A)  employee productivity 
B)  threat of substitutes 
C)  market volatility 
D)  governmental influence

Question 17

Which of the following is a primary activity of an automobile manufacturer?

Accepted Answer

A)  procurement management 
B)  administrative infrastructure management 
C)  human resource management 
D)  inventory tracking

Question 18

All types of organizational strategies leverage information systems to succeed.

Accepted Answer

A) True 
 B)False

Question 19

Southwest Airlines offers better fares compared to most of its competitors. This helps the company attract customers who care for economic travelling. Which of the following strategies is being used by Southwest Airlines?

Accepted Answer

A)  product differentiation 
B)  focused strategy 
C)  focused differentiation 
D)  low-cost leadership strategy

Question 20

Which of the following governmental actions will increase the threat of new entrants in a market?

Accepted Answer

A)  The Federal Reserve reduces the interest rates on credit for small businesses. 
B)  The Department of Commerce offers a patent to an existing player. 
C)  The Government squeezes money from the market through open-market operations. 
D)  The Federal Reserve increases the cash reserve ratio to tackle inflation.

Exam 2: Information Systems and Strategy

Explain the power of suppliers with an example.

Which of the following is based on the cloud computing concept?

________ are the costs that customers incur when they change suppliers.

ABC Company supplies milk to retail customers in the U.S. There are many sellers offering milk and price is a major determinant of market success. Which of the following predictions about ABC Company is most likely to be true?

The ecosystem in which a company is embedded is a(n) ________.

Explain various competitive strategies in business, with examples.

List Porter's five forces.

Which of the following is a valid observation of the rivalry among existing competitors?

Do you think the strategic importance of IT has reduced? Explain your answer.

Which of the following is most closely associated with sustaining technologies?

Videoconferencing has evolved as an alternative for business travelling. This is an example of ________.

Which of the following is a major difference between a government's IT mission and the IT mission of a nonprofit organization?

Sustaining technologies streamline existing processes and give companies marginal advantages.

Which of the following is a major ethical issue arising out of value chain extension?

Which of the following is the best example of the strategic use of IT?

Which of the following is one of the five competitive forces proposed by Porter?

Which of the following is a primary activity of an automobile manufacturer?

All types of organizational strategies leverage information systems to succeed.

Southwest Airlines offers better fares compared to most of its competitors. This helps the company attract customers who care for economic travelling. Which of the following strategies is being used by Southwest Airlines?

Which of the following governmental actions will increase the threat of new entrants in a market?