MIS Chapters 1-3

What is business intelligence?

Information collected from multiple sources that analyze patterns, trends, and relationships for strategic decision making.

What is data?

Raw facts that describe the characteristics of an event or object.

What represents the process of a home theatre system?

Spinning the disk to play, pause, rewind, or fast forward

Sandy Fiero works as the Chief Knowledge Officer for Bend Lumbar Company. SHe has been given the responsibility to create a product or service that will bring an added value to its customers to increase the companys revenue. Sandy determines that the best value she can add is by creating a servive that offers free nect day shipping on any order over $50. Where in the value chain is Sandy adding value?

The primary value activity outbound logistics

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

True

What is considered information?

best selling item by month

What is not a core driver of the information age?

competitive intelligence

What is not a core driver in the information age?

fact

Firm infrastructure and human resource management are part of the primary value activities.

False

What is not considered a category within the support value activities in a value chain analysis?

Outbound logistics

Identifying competitive advantages can be difficult and explains why they are typically...

Temporary

Imagine you are creating a new product to sell in an up and coming market. Which of the below statements indicates that it would be easy for you as the new entrants to compete in this market?

The threat of new entrants force is high in the up and coming market

A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books.

True

FedEx created a first-mover advantage by developing its customer self-service software, which allows people to request parcel pickups, print mailing slips, and track parcels online.

True

Firm infrastructure and human resource management are part of the support value activities.

True

What makes a typical supply chain?

suppliers, company, customers

A business process is a standardized set of activities that accomplish a specific task, such as processing a customers order.

true