Question 1

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

Accepted Answer

A)   Monetary data
B)   Technology data
C)   Production data
D)   Employee dataE) A) and C)
F) A) and B)

Question 2

Susan Stewart is an executive at Equity Title where she is responsible for collecting,maintaining,and distributing knowledge for the company.What is Susan's role at Equity Title?

Accepted Answer

A)   Chief knowledge officer (CKO) 
B)   Chief technology officer (CTO) 
C)   Chief information officer (CIO) 
D)   Chief security officer (CSO) E) All of the above
F) A) and C)

Question 3

The business decisions made by the Accounting department include transactional data,purchasing data,payroll data,and tax data.

Accepted Answer

A) True 
 B)False

Question 4

What type of report can include updating daily stock market prices or the calculation of available inventory?

Accepted Answer

A)   Static report
B)   Dynamic report
C)   Variable report
D)   Structured reportE) A) and C)
F) B) and D)

Question 5

Common approaches to closing an MIS skills gap include social recruiting,off-site training,mentoring services,and competitive salaries.

Accepted Answer

A) True 
 B)False

Question 6

Today's workers are referred to as _______________ and they use BI along with personal experience to make decisions based on both information and intuition,a valuable resource for any company.

Accepted Answer

A)   knowledge workers
B)   knowledge thinkers
C)   knowledge resources
D)   knowledge playersE) A) and D)
F) A) and B)

Question 7

The business decisions made by the Marketing department include transactional data,purchasing data,payroll data and tax data.

Accepted Answer

A) True 
 B)False

Question 8

A first-mover advantage is the process of gathering information about the competitive environment,including competitors' plans,activities,and products,to improve a company's ability to succeed.

Accepted Answer

A) True 
 B)False

Question 9

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's Five Forces model.Which of the following represents supplier power in the music industry?

Accepted Answer

A)   Established record labels like EMI,Sony,Universal
B)   Walmart,Target,iTunes
C)   Game systems like Wii,social networks like Facebook
D)   Taylor Swift,Beyoncé,The Beatles,The StonesE) None of the above
F) A) and B)

Question 10

Who is responsible for ensuring the speed,accuracy,availability,and reliability of the management information systems?

Accepted Answer

A)   Chief knowledge officer (CKO) 
B)   Chief privacy officer (CPO) 
C)   Chief technology officer (CTO) 
D)   Chief information officer (CIO) E) C) and D)
F) All of the above

Question 11

Which group of stakeholder's primary interests include exceptional customer service,high-quality products,and ethical dealings?

Accepted Answer

A)   Partners/suppliers
B)   Shareholders/investors
C)   Community
D)   CustomersE) B) and C)
F) A) and D)

Question 12

Buyer power is the ability of buyers to affect the price they must pay for an item.

Accepted Answer

A) True 
 B)False

Question 13

According to Porter's Three Generic Strategies,Walmart is following a business strategy that focuses on "broad market and low cost."

Accepted Answer

A) True 
 B)False

Question 14

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 B)
F) A) and C)

Question 15

MIS can add value to both primary and support activities within a business.Which of the following is not an example of a company adding value by the use of MIS in a support activity?

Accepted Answer

A)   Netflix creating a business strategy for the video rental market that delivers videos via the mail
B)   The human resources department creates a tracking system to efficiently reward employees based on their performance
C)   Scottrade Corp.creating an online system for employees to track paychecks,benefits,wellness rewards program,and other employee benefit items
D)   The University of Forks creates a program to automatically order office supplies such as pens and pads of paper for its employeesE) None of the above
F) All of the above

Question 16

In many instances,an MIS job will remain unfilled for an extended period of time when an employer needs to hire someone who has a very specific set of skills.In recruiting lingo,such candidates are referred to as "purple turtles."

Accepted Answer

A) True 
 B)False

Question 17

Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's Five Forces model.Which of the following represents buyer power in the soft drink industry?

Accepted Answer

A)   Pepsi requires stores that carry Pepsi products to commit to minimum orders of 1,000 cases.
B)   Walmart negotiates a lower cost per bottle from Coke in exchange for premium shelf space in every Walmart store.
C)   Zevia Natural Diet Soda begins selling directly over the Internet.
D)   Vitamin water,fruit juice,coffee.E) None of the above
F) A) and B)

Question 18

Bread,cheese,and butter are included in the process of making a grilled cheese sandwich.

Accepted Answer

A) True 
 B)False

Question 19

If you were thinking about a home theater system which of the following represents the process?

Accepted Answer

A)   The DVD player,DVD movie,speakers,TV,and electricity
B)   Playing the movie including the audio through the speakers and the video on the TV
C)   A message stating that the disk is dirty and cannot be played
D)   Spinning the disk to play,pause,rewind,or fast forwardE) C) and D)
F) B) and C)

Question 20

What data is data that humans,in interaction with computers,generate?

Accepted Answer

A)   Human-generated
B)   Machine-generated
C)   Machine-to-machine (M2M) 
D)   Static reportE) B) and C)
F) A) and C)

Exam 1: Management Information Systems: Business Driven MIS

The business decisions made by the Marketing department include transactional data,purchasing data,payroll data and tax data.

Correct AnswerverifiedShow Answer

Which group of stakeholder's primary interests include exceptional customer service,high-quality products,and ethical dealings?

Correct AnswerverifiedShow Answer

What data is data that humans,in interaction with computers,generate?

Correct AnswerverifiedShow Answer

According to Porter's Three Generic Strategies,Walmart is following a business strategy that focuses on "broad market and low cost."

Correct AnswerverifiedShow Answer

MIS can add value to both primary and support activities within a business.Which of the following is not an example of a company adding value by the use of MIS in a support activity?

Correct AnswerverifiedShow Answer

In terms of system thinking,what is input?

Correct AnswerverifiedShow Answer

What type of report can include updating daily stock market prices or the calculation of available inventory?

Correct AnswerverifiedShow Answer

Susan Stewart is an executive at Equity Title where she is responsible for collecting,maintaining,and distributing knowledge for the company.What is Susan's role at Equity Title?

Correct AnswerverifiedShow Answer

Bread,cheese,and butter are included in the process of making a grilled cheese sandwich.

Correct AnswerverifiedShow Answer

Common approaches to closing an MIS skills gap include social recruiting,off-site training,mentoring services,and competitive salaries.

Correct AnswerverifiedShow Answer

Buyer power is the ability of buyers to affect the price they must pay for an item.

Correct AnswerverifiedShow Answer

In many instances,an MIS job will remain unfilled for an extended period of time when an employer needs to hire someone who has a very specific set of skills.In recruiting lingo,such candidates are referred to as "purple turtles."

Correct AnswerverifiedShow Answer

Who is responsible for ensuring the speed,accuracy,availability,and reliability of the management information systems?

Correct AnswerverifiedShow Answer

The business decisions made by the Accounting department include transactional data,purchasing data,payroll data,and tax data.

Correct AnswerverifiedShow Answer

Today's workers are referred to as _______________ and they use BI along with personal experience to make decisions based on both information and intuition,a valuable resource for any company.

Correct AnswerverifiedShow Answer

Your boss,Kerry Miller,has asked you to analyze the soft drink industry using Porter's Five Forces model.Which of the following represents buyer power in the soft drink industry?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's Five Forces model.Which of the following represents supplier power in the music industry?

Correct AnswerverifiedShow Answer

A first-mover advantage is the process of gathering information about the competitive environment,including competitors' plans,activities,and products,to improve a company's ability to succeed.

Correct AnswerverifiedShow Answer

If you were thinking about a home theater system which of the following represents the process?

Correct AnswerverifiedShow Answer

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