COMM 226 TEST ACTUAL QUESTIONS WITH
VERIFIED SOLUTIONS
◉ What are the results of cheaper technology?
Answer: Costs for storing, processing, and communicating data are
almost $0. Helps new tech grow: AI, blockchain, VR, Big Data, etc.
Most jobs now need IT knowledge.
◉ What is the Information Age and how does it affect jobs?
Answer: Businesses must keep up with fast-changing tech. Data is
growing fast, and decisions are data-driven. Success requires
adaptable, tech-savvy workers.
◉ What 4 skills does MIS help you develop?
Answer: Abstract reasoning (create models)
Systems thinking (see how everything connects)
Collaboration (work with others effectively)
Experimentation (test ideas, learn from failure)
◉ Why is IT important for every business area?
Answer: IT is used in marketing, accounting, finance, management.
It's not just for "IT people" — all business students need to
understand it.
,◉ What are processes, info systems, and information?
Answer: Processes: Steps to do business tasks (like taking orders)
Information systems: Tools and systems that collect, store, and
process data
Information: What we learn from the data to make decisions
◉ What does MIS help businesses do?
Answer: MIS helps businesses create, monitor, and adapt processes
and systems to support strategies. All three — processes, systems,
and info — need constant improvement.
◉ What does MIS stand for and why is it important?
Answer: MIS = Management Information Systems. It's essential for
helping businesses use technology to run efficiently, make decisions,
and stay competitive. Every business student should understand it.
◉ How does MIS help with business strategy?
Answer: It aligns tech with business goals. Bad example: starting a
social media page just to copy others. Good strategy: use tech that
serves a purpose and adds value.
◉ What are the 5 forces that shape industries?
Answer: Threat of substitutes
, Threat of new entrants
Existing rivals
Bargaining power of suppliers
Bargaining power of customers
◉ What is a competitive strategy?
Answer: It's how a business responds to competition. Porter says
there are 4 options:
Lowest cost across the whole industry
Best product across the whole industry
Lowest cost in a niche
Best product in a niche
◉ What are the 4 competitive strategies?
Answer: Cheap for all (like Walmart)
Best for all (like Apple)
Cheap for a niche (like Ryanair)
Best for a niche (like Lululemon) Choose one only! Don't mix
strategies.
◉ How does a company's strategy affect its MIS?
VERIFIED SOLUTIONS
◉ What are the results of cheaper technology?
Answer: Costs for storing, processing, and communicating data are
almost $0. Helps new tech grow: AI, blockchain, VR, Big Data, etc.
Most jobs now need IT knowledge.
◉ What is the Information Age and how does it affect jobs?
Answer: Businesses must keep up with fast-changing tech. Data is
growing fast, and decisions are data-driven. Success requires
adaptable, tech-savvy workers.
◉ What 4 skills does MIS help you develop?
Answer: Abstract reasoning (create models)
Systems thinking (see how everything connects)
Collaboration (work with others effectively)
Experimentation (test ideas, learn from failure)
◉ Why is IT important for every business area?
Answer: IT is used in marketing, accounting, finance, management.
It's not just for "IT people" — all business students need to
understand it.
,◉ What are processes, info systems, and information?
Answer: Processes: Steps to do business tasks (like taking orders)
Information systems: Tools and systems that collect, store, and
process data
Information: What we learn from the data to make decisions
◉ What does MIS help businesses do?
Answer: MIS helps businesses create, monitor, and adapt processes
and systems to support strategies. All three — processes, systems,
and info — need constant improvement.
◉ What does MIS stand for and why is it important?
Answer: MIS = Management Information Systems. It's essential for
helping businesses use technology to run efficiently, make decisions,
and stay competitive. Every business student should understand it.
◉ How does MIS help with business strategy?
Answer: It aligns tech with business goals. Bad example: starting a
social media page just to copy others. Good strategy: use tech that
serves a purpose and adds value.
◉ What are the 5 forces that shape industries?
Answer: Threat of substitutes
, Threat of new entrants
Existing rivals
Bargaining power of suppliers
Bargaining power of customers
◉ What is a competitive strategy?
Answer: It's how a business responds to competition. Porter says
there are 4 options:
Lowest cost across the whole industry
Best product across the whole industry
Lowest cost in a niche
Best product in a niche
◉ What are the 4 competitive strategies?
Answer: Cheap for all (like Walmart)
Best for all (like Apple)
Cheap for a niche (like Ryanair)
Best for a niche (like Lululemon) Choose one only! Don't mix
strategies.
◉ How does a company's strategy affect its MIS?
