Question 1

Which of the following is considered a good?

Accepted Answer

A)  Milk and eggs
B)  Managing a team
C)  Selling groceries
D)  All of the aboveE) A) and B)
F) A) and C)

Question 2

In terms of system thinking, what is input?

Accepted Answer

A)  Data entered in a computer
B)  Controls to ensure correct processes
C)  The resulting information from the computer program
D)  The computer program that processes the dataE) A) and C)
F) B) and C)

Question 3

In a SWOT analysis, which of the following could you discover as potential inner weaknesses (harmful) ?

Accepted Answer

A)  Cost advantages.
B)  Damaged reputation.
C)  New markets.
D)  Competitor issues.E) B) and C)
F) A) and C)

Question 4

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

Accepted Answer

A)  Chief Knowledge Officer (CKO) .
B)  Chief Security Office (CSO) .
C)  Chief Technology Officer (CTO) .
D)  Chief Information Officer (CIO) .E) B) and D)
F) C) and D)

Question 5

Teaching, waiting tables, and cutting hair belong in which category?

Accepted Answer

A)  Goods
B)  Services
C)  Production
D)  ProductivityE) A) and B)
F) A) and C)

Question 6

Where would you categorize weaknesses in a SWOT analysis?

Accepted Answer

A)  Internal, helpful
B)  Internal, harmful
C)  External, helpful
D)  External, harmfulE) C) and D)
F) B) and D)

Question 7

Who is responsible for collecting, maintaining, and distributing company knowledge?

Accepted Answer

A)  Chief Knowledge Officer (CKO) .
B)  Chief Privacy Officer (CPO) .
C)  Chief Technology Officer (CTO) .
D)  Chief Information Officer (CIO) .E) B) and C)
F) A) and C)

Question 8

Which of the following is not a common approach to closing an MIS skills gap?

Accepted Answer

A)  Social recruiting.
B)  Off-site training.
C)  Competitive salary.
D)  Mentoring services.E) B) and C)
F) C) and D)

Question 9

What is a report?

Accepted Answer

A)  A document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information.
B)  A collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.
C)  A view of data at a particular moment in time.
D)  A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.E) B) and D)
F) B) and C)

Question 10

Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence. The firm went bankrupt when people began taking digital pictures. Polaroid provides a great example of Porter's supplier power.

Accepted Answer

A) True 
 B)False

Question 11

What is production?

Accepted Answer

A)  Material items or products that customers will buy to satisfy a want or need.
B)  Tasks performed by people that customers will buy to satisfy a want or need.
C)  The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.
D)  The rate at which goods and services are produced based upon total output given total inputs.E) All of the above
F) C) and D)

Question 12

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for employees?

Accepted Answer

A)  Exceptional customer service.
B)  Fair compensation.
C)  Professional associations.
D)  Reliable contracts.E) A) and B)
F) A) and C)

Question 13

Which of the following is not a typical way that a company would duplicate a competitive advantage?

Accepted Answer

A)  Acquiring the new technology.
B)  Copying the business operations.
C)  Hiring away key employees.
D)  Carrying large product inventories.E) A) and D)
F) None of the above

Question 14

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Accepted Answer

A)  Supplier power.
B)  Operations management.
C)  Porter's Five Forces Model.
D)  The Value Chain analysis.E) B) and C)
F) A) and D)

Question 15

Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business.

Accepted Answer

A) True 
 B)False

Question 16

What helps acquire and catalog the knowledge assets in an organization?

Accepted Answer

A)  Knowledge assets.
B)  Knowledge facilitators.
C)  Predictive analytics.
D)  Business analytics.E) C) and D)
F) None of the above

Question 17

Why do students need to study information technology?

Accepted Answer

A)  Information technology is everywhere in business
B)  Information technology is rarely discussed in business
C)  Information technology is rarely used in organizations
D)  Information technology is found in only a few businessesE) All of the above
F) C) and D)

Question 18

The chief technology officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

Accepted Answer

A) True 
 B)False

Question 19

In recruiting lingo, what are perfect MIS candidates sometimes called?

Accepted Answer

A)  Turquoise turtles.
B)  Red rabbits.
C)  Purple squirrels.
D)  White unicorns.E) B) and D)
F) C) and D)

Question 20

Which of the following represents the types of data commonly found in the accounting department?

Accepted Answer

A)  Tax data.
B)  Payroll data.
C)  Transactional data.
D)  All of the above.E) None of the above
F) C) and D)

Exam 1: Management Information Systems: Business Driven MIS

Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence. The firm went bankrupt when people began taking digital pictures. Polaroid provides a great example of Porter's supplier power.

Correct AnswerverifiedShow Answer

What is production?

Correct AnswerverifiedShow Answer

Which of the following is not a common approach to closing an MIS skills gap?

Correct AnswerverifiedShow Answer

What is a report?

Correct AnswerverifiedShow Answer

Where would you categorize weaknesses in a SWOT analysis?

Correct AnswerverifiedShow Answer

In terms of system thinking, what is input?

Correct AnswerverifiedShow Answer

In recruiting lingo, what are perfect MIS candidates sometimes called?

Correct AnswerverifiedShow Answer

Which of the following represents the types of data commonly found in the accounting department?

Correct AnswerverifiedShow Answer

Which of the following is considered a good?

Correct AnswerverifiedShow Answer

Why do students need to study information technology?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business.

Correct AnswerverifiedShow Answer

In a SWOT analysis, which of the following could you discover as potential inner weaknesses (harmful) ?

Correct AnswerverifiedShow Answer

What helps acquire and catalog the knowledge assets in an organization?

Correct AnswerverifiedShow Answer

What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?

Correct AnswerverifiedShow Answer

There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for employees?

Correct AnswerverifiedShow Answer

The chief technology officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

Correct AnswerverifiedShow Answer

Which of the following is not a typical way that a company would duplicate a competitive advantage?

Correct AnswerverifiedShow Answer

Teaching, waiting tables, and cutting hair belong in which category?

Correct AnswerverifiedShow Answer

Who is responsible for collecting, maintaining, and distributing company knowledge?

Correct AnswerverifiedShow Answer

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