LSU ISDS 3100 Final Exam questions with verified
answers
According to the Resource Based View (RBV), a firm's resources need to
be: Ans✓✓✓ Valuable, rare, inimitable, and non substitutable
Andy is in the business of buying Ford vans and medical equipment to
make ambulances. The materials have $50,000 value total for the
suppliers, and customers are willing to pay $100,000 for the finished
ambulance. How much value does Andy create by making an
ambulance? Ans✓✓✓ $50,000
Ann's upscale boutique in New York creates custom-made dresses for
clients. One of them is willing to pay extra to get the order completed
urgently. Ann, who was considering a vacation at this time, will stay to
complete this project first. This is creating new values for her business.
Ans✓✓✓ True
April is a shift manager at a Starbucks in Lyon, France. She wants to
pitch an idea for a bio-coffee to her boss and is working out the total
value created from each cup of bio-coffee. The eco-friendly coffee
beans for a standard coffee cup cost $1. The rest of the raw materials
and expenses per cup are $0.85. Using a survey, she has determined
that the customers are willing to pay $5 per cup. What is the total value
created? Ans✓✓✓ $3.15
, Barriers to entry are strong if the threat of new entrants into an
industry is low Ans✓✓✓ True
Economic value is generated when worthwhile things that did not exist
before are created. Ans✓✓✓ True
Email applications, human resources systems, and point-of-scale
systems are examples of which type of information system? Ans✓✓✓
Tactical
Even if a competitor is able to replicate an IT-dependent strategic
initiative, the response may bear no valuable fruit of laggard. Ans✓✓✓
True
Forcing managers to write a business case strictly based in fact is
counterproductive. it will simply force the managers to make many
assumptions and result is a very unreliable business case document.
Ans✓✓✓ True
In an effort to improve customer service and customer satisfaction,
Amazon deploys ~80 highly automated fulfillment centers - with a staff
of robot supporting employees - in the United States. Which of the
following statements regarding Amazon's initiative is more likely to be
true? Ans✓✓✓ Amazon's initiative is difficult to replicate by its
competitors because it is time consuming and expensive.
answers
According to the Resource Based View (RBV), a firm's resources need to
be: Ans✓✓✓ Valuable, rare, inimitable, and non substitutable
Andy is in the business of buying Ford vans and medical equipment to
make ambulances. The materials have $50,000 value total for the
suppliers, and customers are willing to pay $100,000 for the finished
ambulance. How much value does Andy create by making an
ambulance? Ans✓✓✓ $50,000
Ann's upscale boutique in New York creates custom-made dresses for
clients. One of them is willing to pay extra to get the order completed
urgently. Ann, who was considering a vacation at this time, will stay to
complete this project first. This is creating new values for her business.
Ans✓✓✓ True
April is a shift manager at a Starbucks in Lyon, France. She wants to
pitch an idea for a bio-coffee to her boss and is working out the total
value created from each cup of bio-coffee. The eco-friendly coffee
beans for a standard coffee cup cost $1. The rest of the raw materials
and expenses per cup are $0.85. Using a survey, she has determined
that the customers are willing to pay $5 per cup. What is the total value
created? Ans✓✓✓ $3.15
, Barriers to entry are strong if the threat of new entrants into an
industry is low Ans✓✓✓ True
Economic value is generated when worthwhile things that did not exist
before are created. Ans✓✓✓ True
Email applications, human resources systems, and point-of-scale
systems are examples of which type of information system? Ans✓✓✓
Tactical
Even if a competitor is able to replicate an IT-dependent strategic
initiative, the response may bear no valuable fruit of laggard. Ans✓✓✓
True
Forcing managers to write a business case strictly based in fact is
counterproductive. it will simply force the managers to make many
assumptions and result is a very unreliable business case document.
Ans✓✓✓ True
In an effort to improve customer service and customer satisfaction,
Amazon deploys ~80 highly automated fulfillment centers - with a staff
of robot supporting employees - in the United States. Which of the
following statements regarding Amazon's initiative is more likely to be
true? Ans✓✓✓ Amazon's initiative is difficult to replicate by its
competitors because it is time consuming and expensive.
