WGU C724 Information Systems Management Practice Exam Questions and Answers Latest Updated 2024, 100% Verified

In a recent department meeting an employee suggested that perhaps the company could save money if they re-evaluated the demand for their products based on regional weather patterns. Their goal is to improve decision making concerning pricing strategies in light of demand. Which department (i.e. business function) benefits from this technology? - ️️️Sales/ Marketing The CEO has asked that each department reduce their budget by 5%. This department is charged with providing ROI numbers to other units within the company to aid them in making the best decisions on where to trim their budgets. Which department (i.e. business function) benefits from this technology? - ️️️Finance/ Accounting An edge router is considered which of the following components of an Information System? - ️️️Hardware A CEO is considered which of the following components of an Information System? - ️️️People Issuing invoices to customers is considered which of the following components of an Information System? - ️️️Processes WGU C724 Information Systems Management Practice Exam Questions and Answers Latest Updated 2024, 100% Verified An Android operating system is considered which of the following components of an Information System? - ️️️Software Customer buying history is considered which of the following components of an Information System? - ️️️Data Bob's Country Bunker has decided that they need to be able to track buying behavior and strategically determine how much of a discount (i.e., $5, $10, $15, etc.) to offer customers to maximize customer spending. Which of the following is a strategic benefit provided to the company - ️️️Improved Decision Making Sally is the CEO of an auto parts manufacturing firm and she knows that price is the main criteria her customers consider when deciding who to buy from. As a result, she is looking for ways to drive down costs. She is considering an extranet to increase efficiencies when working with corporate partners. Which of the following is a strategic benefit provided to the company? - ️️️Strong Supplier Relations Fred operates a sub shop and knows that he has many competitors, so he is always focused on making sure that customers have a good experience and feel a connection with his brand. Fred begins utilizing a strategy where he provides customers with frequent buyer cards and gives them rewards for return trips and for completing surveys about their experience. Which of the following is a strategic benefit provided to the company? - ️️️Customer Satisfaction A large retailer has developed a supply chain management system that is the envy of their competitors. However, their competitors have been unable to replicate their SCM despite having tried for years. The SCM allows them to move product to the right location at the right time while minimizing cost. Which of the following is a strategic benefit provided to the company? - ️️️Competitive Advantage A University has decided to look at student pass rates in comparison to time spent in online textbooks. In order to look for patterns in the data they are utilizing data mining. They hope to identify best practices that can be used to recommend study strategies that will increase student success. Which of the following is a strategic benefit provided to the company? - ️️️Operational Excellence Company A has found that their biggest competitor will be releasing a new version of their phone. This competitor's smartphone is superior and includes two features that so unique that customers are willing to pay a premium. Which of the following is a strategic benefit provided to the company? - ️️️Product Differentiation Company A has realized that they are in a mature industry. As a result, there is a good deal of competitive rivalry. This rivalry is driving profits down and they realize that they cannot continue to compete. They decide that they need to develop new products or services to enter a new industry that is more profitable. In order to identify the industry, they would like to enter, they need to analyze data from various industries as well as data related to their current strengths and weaknesses. Does this scenario represent a structured or unstructured decision? - ️️️Unstructured