©THEBRIGHT 2024
MIS 111 Exam Questions With Correct
Answers
The trading price for a share of your company's common stock would determine which of the
following? - answer✔✔Market Value
Accounting value (or book value) = - answer✔✔Equity= Assets - Liabilities
Market value - answer✔✔= share price* number of common shares outstanding
Assets - answer✔✔Liabilities + Equity
As reported on a company's balance sheet, which of the following would be equal to the sum of
the company's liabilities and shareholder equity? - answer✔✔Total assets
What term is used to describe the 12-month accounting period that a business uses when
determining its annual financial performance? - answer✔✔fiscal year
MARKET VALUE of a company is equal the number of common shares outstanding (also called
the float) times what other value? - answer✔✔The stock's trading price
What document is a financial snapshot of a company's overall performance at a given point time?
- answer✔✔Balance sheet
Michael Porter commented that the airports control of gates represented the impact of which of
the five forces? - answer✔✔Bargaining power of suppliers
When barriers to entry are low, which of porters forces would be a major driver for competition?
* - answer✔✔Threat of new entrants
WalMart has a(n) ___________ strategy. - answer✔✔cost leadership
..... industries experience the greatest threat from substitutes - answer✔✔Information - based
car and technology companies are currently competing over who can offer the first self-driving
car. This is an example of a....strategy - answer✔✔innovation
Which of the following strategies "I am better because I am different" - answer✔✔Differentation
, ©THEBRIGHT 2024
The web....buyer power - answer✔✔has a mixed impact
Current information systems have evolved to focus on what role with respect to their services? -
answer✔✔Value creation
Porter's forces describes which of the following business issues? - answer✔✔Competition
What technology was invented in 1657 that redefined our perception of time? -
answer✔✔Balance spring
Who said MIS "solves real problems for real people" - answer✔✔Dr. Jay Nunamaker
Requiring users to take responsibility for ensuing the security of a residence hall is an example of
what aspect of MIS - answer✔✔People
In 2000, operating a basic internet application costs businesses approximately ________ per
month. In mid-2016, operating the same application in Amazon's cloud cost approximately
________ per month. - answer✔✔150,000, 1,000
Which of the following is the fastest-growing company that is disrupting the traditional job
recruiting industry - answer✔✔Linked-in
IT has changed the manager's job in many ways. Which of the following is NOT the result of this
change? - answer✔✔Easier to make a decision
IT makes managers ________ productive and ________ the number of employees who can
report to a single manager. - answer✔✔more, increases
IT __________ be used to create a competitive advantage ___________. - answer✔✔can, when
it is used effectively
Understandability, capability and acceptance are all related to what aspects of MIS? -
answer✔✔People
What term is used to describe when information systems are used beyond their initial objectives?
- answer✔✔Mission creep
Which of these security threats presents the most difficult threat for business organisations? -
answer✔✔Actions by employees
The requirement for everyone at the uofa to use net ID + is an example of what type of security?
- answer✔✔Defense-in-depth
rank the following security controls from highest to lowest - answer✔✔fingerprint, password,
signature
MIS 111 Exam Questions With Correct
Answers
The trading price for a share of your company's common stock would determine which of the
following? - answer✔✔Market Value
Accounting value (or book value) = - answer✔✔Equity= Assets - Liabilities
Market value - answer✔✔= share price* number of common shares outstanding
Assets - answer✔✔Liabilities + Equity
As reported on a company's balance sheet, which of the following would be equal to the sum of
the company's liabilities and shareholder equity? - answer✔✔Total assets
What term is used to describe the 12-month accounting period that a business uses when
determining its annual financial performance? - answer✔✔fiscal year
MARKET VALUE of a company is equal the number of common shares outstanding (also called
the float) times what other value? - answer✔✔The stock's trading price
What document is a financial snapshot of a company's overall performance at a given point time?
- answer✔✔Balance sheet
Michael Porter commented that the airports control of gates represented the impact of which of
the five forces? - answer✔✔Bargaining power of suppliers
When barriers to entry are low, which of porters forces would be a major driver for competition?
* - answer✔✔Threat of new entrants
WalMart has a(n) ___________ strategy. - answer✔✔cost leadership
..... industries experience the greatest threat from substitutes - answer✔✔Information - based
car and technology companies are currently competing over who can offer the first self-driving
car. This is an example of a....strategy - answer✔✔innovation
Which of the following strategies "I am better because I am different" - answer✔✔Differentation
, ©THEBRIGHT 2024
The web....buyer power - answer✔✔has a mixed impact
Current information systems have evolved to focus on what role with respect to their services? -
answer✔✔Value creation
Porter's forces describes which of the following business issues? - answer✔✔Competition
What technology was invented in 1657 that redefined our perception of time? -
answer✔✔Balance spring
Who said MIS "solves real problems for real people" - answer✔✔Dr. Jay Nunamaker
Requiring users to take responsibility for ensuing the security of a residence hall is an example of
what aspect of MIS - answer✔✔People
In 2000, operating a basic internet application costs businesses approximately ________ per
month. In mid-2016, operating the same application in Amazon's cloud cost approximately
________ per month. - answer✔✔150,000, 1,000
Which of the following is the fastest-growing company that is disrupting the traditional job
recruiting industry - answer✔✔Linked-in
IT has changed the manager's job in many ways. Which of the following is NOT the result of this
change? - answer✔✔Easier to make a decision
IT makes managers ________ productive and ________ the number of employees who can
report to a single manager. - answer✔✔more, increases
IT __________ be used to create a competitive advantage ___________. - answer✔✔can, when
it is used effectively
Understandability, capability and acceptance are all related to what aspects of MIS? -
answer✔✔People
What term is used to describe when information systems are used beyond their initial objectives?
- answer✔✔Mission creep
Which of these security threats presents the most difficult threat for business organisations? -
answer✔✔Actions by employees
The requirement for everyone at the uofa to use net ID + is an example of what type of security?
- answer✔✔Defense-in-depth
rank the following security controls from highest to lowest - answer✔✔fingerprint, password,
signature
