MIS-Chap 1

Strengths would be categorized as ____ in a typical SWOT analysis

internal, helpful

which of the following is considered data

quantity sold customer number order data

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

Chief Security Office (CSO)

When evaluating the value chain, all of the following are included in the primary value activities except

MIS development

What does MIS stand for?

Management Information System

___ is not a technology company but used technology to revamp the business process of renting videos

Netflix

Which of the following describes how a company can reduce the threat of substitute products or services

Offer additional value through wider product distribution

Which of the following statements is correct when considering a SWOT analysis

Opportunities and threats originate outside an organization

___ strategy evaluates a projects position

SWOT analysis

__ executes the business strategy

Value chain analysis

which of the following are common departments found in an organization

accounting operations management marketing

which of the following are MIS roles found in organization

CIO CFO

which of the following is considered information

best customer by month best selling item by month

porter identified three generic strategies that a business could follow after identifying a market it wanted to enter. Included porters 3 generic strategies

broad differentiation narrow focused strategy broad cost leadership

What is the information collected form multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making?

business intelligence

__ is a standardized set of activities that accomplishes a specific task

business process

Choose porter's five forces

buyer power supplier power threat of substitute products and services threat of new entrants rivalry among existing competitors

__ advantage features a product or service on which customers place a greater value than they do on similar offering from competitors

competitive

Which data types are typically found in the human resources department?

employee data, promotion data, vacation data

___ is the confirmation or validation of an event or object

fact

___ are material items or products that customers will buy to satisfy a want or need

goods

Which group of stakeholders primary interest include adhering to regulations.laws, increasing employment, and ethical taxation reporting?

government

the core drivers of the information age include

information business intelligence knowledge data

to be successful in the information age, the text recommends that a company operate in a specific way. What way does the text recommend a company operate?

interdependently between departments

_____ is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention

internet of things

Which department manages the process of converting or transforming resources into goods or services

operation management

___ is the rate at which goods and services are produced based upon total output given total inputs

productivity

Which date types are typically found in the marketing department

promotion data, sales data, advertising data

___ is the suppliers ability to influence the prices they charge for suppliers (including materials, labor, and services)

supplier power

___ consists of al parties involved, directly or indirectly, in obtaining raw materials or a product

supply chain

___ are costs that make customers reluctant to switch to another product or service

switching cost

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

temporary

If you were thinking about a washing machine as a system, which of the following represents the outputs?

the clean clothes

___ is high when there are many alternatives to a product or service and low when there a few alternative from which to choose

threat of substitute products or services

___ analyzes a company's business processes and is useful for determining how to create the greatest possible value for customers

value chain analysis