MISY Final Exam
a ____ involves finding potential customers, contacting them, and assigning a sales person. - Answer-
business process
which of the following statements regarding an information system is true? - Answer-it stores and
retrieves data
which of the following appropriately justifies a company's decision to develop an information system? -
Answer-to achieve organizational strategy
____ determines the structure, features, and functions of every information system. - Answer-
competitive strategy
which of the following is the first stage in the sequence of how organizational strategy determines MIS?
- Answer-determining the industry structure
according to porter's five forces model, established companies face stronger threats from substitutes if
the substitute's ______. - Answer-price is lower
which of the following is an industry barrier for new entrants in an established market? - Answer-
government policies
Porter defined ________ as the amount of money that a customer is willing to pay for a resource,
product, or service. - Answer-value
, the difference between the value that an activity generates and the cost of the activity is called the ___.
- Answer-margin
a ________ is defined as a network of value-creating activities. - Answer-value chain
which activity of the value chain includes ordering and receiving raw materials for manufacturing? -
Answer-inbound logistics
which activity of the value chain includes inducing a customer to purchase a product? - Answer-sales
and marketing
the difference between the total value added and the total costs incurred is called the _____ of the
value chain. - Answer-total margin
which of the following is a support activity in the value chain that includes activities within the firm for
developing new techniques, methods, and procedures? - Answer-technology
according to porter, ______ includes recruiting, compensation, evaluation, and training of full- and part-
time employees. - Answer-human resources
according to porter's model of business activities, _____ are interactions across value activities. -
Answer-linkages
what changes must a company make if its value chain's margin is negative? - Answer-the value must be
increased so that it exceeds the cost
MIS is defined as the management and use of processes, information systems, and information to help
organizations achieve their strategies. - Answer-true
a ____ involves finding potential customers, contacting them, and assigning a sales person. - Answer-
business process
which of the following statements regarding an information system is true? - Answer-it stores and
retrieves data
which of the following appropriately justifies a company's decision to develop an information system? -
Answer-to achieve organizational strategy
____ determines the structure, features, and functions of every information system. - Answer-
competitive strategy
which of the following is the first stage in the sequence of how organizational strategy determines MIS?
- Answer-determining the industry structure
according to porter's five forces model, established companies face stronger threats from substitutes if
the substitute's ______. - Answer-price is lower
which of the following is an industry barrier for new entrants in an established market? - Answer-
government policies
Porter defined ________ as the amount of money that a customer is willing to pay for a resource,
product, or service. - Answer-value
, the difference between the value that an activity generates and the cost of the activity is called the ___.
- Answer-margin
a ________ is defined as a network of value-creating activities. - Answer-value chain
which activity of the value chain includes ordering and receiving raw materials for manufacturing? -
Answer-inbound logistics
which activity of the value chain includes inducing a customer to purchase a product? - Answer-sales
and marketing
the difference between the total value added and the total costs incurred is called the _____ of the
value chain. - Answer-total margin
which of the following is a support activity in the value chain that includes activities within the firm for
developing new techniques, methods, and procedures? - Answer-technology
according to porter, ______ includes recruiting, compensation, evaluation, and training of full- and part-
time employees. - Answer-human resources
according to porter's model of business activities, _____ are interactions across value activities. -
Answer-linkages
what changes must a company make if its value chain's margin is negative? - Answer-the value must be
increased so that it exceeds the cost
MIS is defined as the management and use of processes, information systems, and information to help
organizations achieve their strategies. - Answer-true
