Business Information Systems Test 1

magnetic ink character recognition (MICR)

Checks are quickly processed by point-of-sale (POS) stations with the use of

environmental

National Weather Service databases are used by modern supply chain management systems to track weather events that could impact logistics. Which element of a PESTEL analysis does this example represent?

True

SAP (software) stands for Systems, Applications, and Products in Data Processing

Production reports also fully track current levels of production

What is the difference between production reports and forecasting reports about production?

a "backbone" of connected hardware and a suite of Internet protocol software

Which of the following is one of the primary components that enable networks and individual devices to connect to the Internet?

--They involve tasks and choices that are routine and frequently related to operations --They are regularly made by individual employees and teams --They are made easier through the creation of defined processes and procedures

Which of the following statements correctly describe structured management decisions? Select all the correct answer options.

view, edit, and add shared information in real time, from anywhere

Collaboration software is designed to increase collaboration and productivity primarily by enabling team members to

ERP system

Creating efficiencies by ensuring that nearly all aspects of the firm's operations coordinate with each other is why many corporations integrate a SCM system with their

quickly developed and marketed products by Western banks

In the financial world, some Nigerian banks have used a fast-follower strategy. To reap benefits, they have

it explains what motivates people to work: the desire to become personally wealthier

John Locke's labor theory of property is applied to modern management theory because

False

Supply chain management systems are business computer applications that support customer preferences and relationships. Group starts

the spread of high-speed internet and technologies such as telecommunicating and teleconference

The development and growing popularity of flextime arrangements can largely be attributed to

folksonomy

The key feature of Web 2.0 that allows users to collectively classify information, such as by tagging websites and online images, is called

define how email programs and other software communicate within and across networks

The purpose of the application protocol layer of TCP/IP is to

lean manufacturing system

Under what type of system are employees encouraged to halt the manufacturing process in the event of a manufacturing error or safety risk?

--capital budgeting decisions --strategic goal development

Unstructured decisions include which of the following decisions or activities? More than one answer option may be correct.

planning, organizing, staffing, directing, and controlling processes

What did Henri Fayol consider to be the main roles or responsibilities of a manager?

filtering

What function allows managers the ability to search data sets for information that is needed for a given decision?

Student performance is more easily tracked through the gradebook, giving a student a constantly updated view of what their grade will be.

What is a benefit a student gains by using an LMS?

'If you don't have competitive advantage, don't compete"

What is legendary GE CEO Jack Welch quoted as saying about competition?

Telecommuters often must work during regular business hours

What is one major distinction between telecommuting and flexible arrangements?

-Increased sales --increased profit --increased market shares

What is the intended result for a business using customer relationship management (CRM) software? More than one answer may be correct.

cloud computing diminishes the need to store files and software on a local drive

What is the key reason to implement cloud computing into one's personal and/or business data information processing?

to minimize the distance between website users and website servers

What is the main purpose of (CDNs)

with a blue ocean strategy, an organization focuses on both differentiation and price leadership

What is the relationship of blue ocean strategy to price leadership versus product differentiation?

a police force overseen by a local government enforces laws within a community

What was Weber's. view on the use of physical force?

weakened

When a large number of buyers seek to purchase a firm's products even when prices increase, Porter's force of customers can be said to have

red ocean strategies

When competitors seek to gain competitive advantage through price leadership or by making product improvements, Professors W. Chan Kim and Renee Mauborgne would say they are using a(n)

personnel (workforce)

When conducting a SWOT analysis, an organization's human resource management system is used to evaluate the relative strength or weakness of its

--benefits --costs

When deciding on a solution, what criteria should a manager use when evaluating different choices? More than one answer may be selected.

software as a service (SaaS)

Which Web 2.0 feature utilizes application programming interfaces (APIs) to automate web content and/or processes?

customer relationship management (CRM) system

Which business computer application system is focused on helping managers to maintain the business's focus on the individual customer by developing a lasting relationship that promote long-term buying?

bitcoin cash

Which cryptocurrency shares features with a previous cryptocurrency but is technologically enhanced?

economic

Which element of a PESTEL analysis is represented by the use of data mining information from the Bureau of Labor Statistics to gain insight into regional employment figures?

--imprinters ("knuckle busters") --credit card verification books --travelers checks

Which of the following have been made nearly obsolete by business applications technology? More than one answer may be correct.

a transaction is verified

Which of the four criteria is occurring when a network confirms that a transaction has not yet occurred on the blockchain?

legal considerations

Which of these is the "L" factor that managers examine while conducting a PESTEL analysis?

Stripe

Which software company has expanded its credit card payment processing products to also sell point-of-sale (POS) stations?

scalable cloud-based ERP systems

smaller businesses are able to get the benefits of an enterprise recourse (ERP) system through

the cash register

the first modern transaction processing system

suppliers

Apple uses Corning's glass products for all its devices, such as the Gorilla Glass 6 used in the iPhone 11 series. To ensure that it continues to have a strong relationship with this glass industry leader, Apple has invested nearly $500 million toward Corning's advanced glass research division. By building up this relationship, Apple seeks to maintain some control over which of Porter's 5 forces?

--A staggering amount of money is lost as a result of bad data --According to the Data Management Body of Knowledge, the process of data quality management assured data is "fit for consumption and meet the needs of data consumers" --To avoid costly errors, organizational decisions need to be based on high-quality information

Describe the importance of information quality. More than one answer may be correct.

supply.

During the 1950s, automobile manufacturers had little control over labor costs because the United Auto Workers union (UAW) exercised considerable control over labor

--exception reports --production reports --forecasting reports

Which of these reports are commonly provided by Management Information Systems (MIS) to assist in making structured decisions? More than one answer may be correct.

They use multiple management information systems to examine the key factors that influence the internal strengths and weaknesses of any business

Which statement best describes how managers use management information systems to develop SWOT analyses?

They have vastly improved organizations' ability to communicate effectively and efficiently

Which statement best describes the impact of management information systems (MIS) for communication?

cloud based forums, messaging, and meeting apps

Which type of collaboration software could best help an organization increase engagement between remote employees and those who are "in-house" or organization-based?

proximity location

While using her phone's GPS to drive to her vacation destination, Siena needs to find a gas station. She enters into her phone's GPS that she is looking for a gas station that is no more than five miles away from the route she is currently on. What is this an example of?

smarter and more capable, given the improved support for the internet of Things (IoT)

With Web 3.0, everyday devices connected to the Web will become

increased

With the increasing presence of Internet e-commerce sites, the force of customers has

--Point of sale (POS) device --near field communications (NFC)

From the following list, select the technologies that are required for businesses to accept payment via Apple Pay and Google Wallet.

Managers will be freed from tasks performed by online services or staff using collaboration tools

How are managers' jobs expected to change as management information system (MIS) technology and tools improve?

-The availability of credit or funds is electronically verified --The transaction is automatically recorded

How do Internet-connected, point-of-sale (POS) terminals save time for retailers and other businesses? More than one answer may be correct.

blue ocean

Kim and Mauborgne further refined Porter's price leadership vs. product differentiation concept by highlighting two strategies. Which strategy do they assign to Cirque d'Soleil?

first-mover advantage

Lieberman and Montgomery examined the advantages and disadvantages of being the first firm to enter a product into the market. They coined this phenomenon

fast-follower

Making use of the research and development conducted by the market innovator and then developing a competing product at a lower price is referred to as the ________ strategy.

helping managers communicate, obtain, discuss, and understand the information necessary for strategic decisions.

Management information systems (MIS) for communication directly support organizational decision making by

transaction verification

What is the second criteria necessary for adding a block to the blockchain

assemble the data packet

What is the second step in the process of sending a message via the Internet?

Your voice is converted by your phone to an electrical signal that is transmitted via radio waves to the nearest cell tower

What is the second step that occurs when placing a call on a cellular network?

high-velocity

What type of decision-making software can identify issues and find and implement solutions at transactional speed?

Decision support system

What type of system is used to assist with processes that rely on a large number of inputs that frequently change?

make the business as prosperous as possible

According to Frederick Taylor, the purpose of management is to

wide area network (WAN)

An investment firm creates a network designed to facilitate information exchange between devices at its offices in New York City and New Haven, Connecticut. Which type of network would the company use to exchange information?

mobile software development kit

A PaaS vendor offers its clients the ability to quickly build a customer loyalty app that allows customers to earn points for every purchase. The client chooses what features they'd like the app to have from a predetermined list of choices. What is this an example of?

cloud services security

A company just received a government contract to provide onboarding services targeted towards people who want to sign up for Medicare. They will be handling sensitive information, including the users' Social Security numbers and home addresses and will host the login page where people will access their Medicare account online. Which of the following are considered major cloud service providers?

In addition to "meeting" others through video, documents can be shown, screens shared, and nonverbal messages can be conveyed.Correct

A company's annual sales conference has been cancelled, but the sales force still needs to receive new product information as soon as possible. An international firm is looking to hire the best candidates worldwide. A consulting firm must conduct remote training. Which of these statements explain what videoconferencing can uniquely provide in these situations?

Supply chain planning

A manager wants to accurately predict how many light-up three-wheeled scooters they'll need to meet holiday demand. Which component of supply chain management would the manager be using to determine the appropriate number to produce?

workers who specialize in a task perform it more efficiently and can help identify ways to mechanize it

Adam Smith argued for the division of labor because he believed that

an integrated MIS system for agility and a competitive edge

An enterprise resource planning (ERP) system is

Porter's 5 Forces

Professor Michael E. Porter published "How Competitive Forces Shape Strategy" in the Harvard Business Review. In this paper, he described how all organizations must develop plans to deal with certain factors if they wish to succeed, or even continue to exist. These became known as

reliability of handling transactions

mainframes were originally developed for their

make it difficult for employees to steal money

mechanical cash registers were first created to

infrastructure as a service (IaaS)

An educational startup has already written its proprietary "Homework Helper" code, using AI to help high school students with homework. While their data storage needs are currently small, they expect their needs to grow exponentially as they increase their user base. Which of the following could help them with this?

lean techniques

Manufacturing practices that emphasize developing efficient and smooth supply lines and minimizing excess inventory, delays, and waste are

True

Structured decisions are management decisions that involve tasks and choices facilitated by prescribed and definite procedures for how they should be handled.

-The call was unable to be relayed from the tower it initially connected with to a network of other cell towers --The mobile switching station that your phone connected to was unable to maintain a connection with the mobile switching station of the person you're calling

What is occurring when a call placed on a cellular network is "dropped?" More than one answer may be correct.

Recruiting

An electrical company has decided to open a new location in California. While it will be relocating a small percentage of executives to this new location, most employees will need to be hired from the local area. The company uses its human resource information system to sort resumes based on key words used to describe skills, college attended, and number of years' experience. Any resumes that do not fit within these parameters are not scheduled for in-person interviews. What function is this HR management system helping the company perform?

--supply chain management --human resources management --customer relationship management

If a hotel restaurant is expecting a sudden influx of customers, which business software system/s would enterprise resource planning (ERP) software coordinate to not only manage the additional guests, but also maximize profits? More than one answer may be correct.

disruptive innovation

Karl Benz invented the internal combustion automobile in 1885. More than a century before, Adam Smith had described how division of labor creates efficiencies. When Henry Ford set up Model T production on an assembly line in 1908, he combined technology and efficiency to produce an inexpensive automobile. Ford transformed the personal transportation market. Christensen called this process