MIST 2611 MIS Final Exam Prep- Porter’s Five Forces,
Value Chain Analysis, & Strategic Information Systems
(2026)
1. What is the information age?
a) The time period when information was scarce and difficult to access
b) The present time when information is widely available to anyone with a
computer
c) The time period before computers and the internet: b) The present time when information
is widely available to anyone with a computer
2. What is data?
a) Meaningful and useful context
b) Raw facts that describe the characteristics of an event or object
c) Information collected from multiple sources to analyze patterns, trends, and
relationships: b) Raw facts that describe the characteristics of an event or object
3. What is knowledge?
a) Raw facts that describe the characteristics of an event or object
b) Skills, experience, and expertise coupled with information and intelligence
c) Information converted into a meaningful and useful context: b) Skills, experience,
and expertise coupled with information and intelligence
4. What is systems thinking?
a) A way of understanding complex systems by analyzing their components
and their interactions with each other and with their environment
b) The process of analyzing data to derive useful insights
c) The process of collecting and disseminating information across an organiza-
tion: a) A way of understanding complex systems by analyzing their components and their interactions with each
other and with their environment
5. How do management information systems enable business communica-
tions?
a) By providing a platform for collecting, storing, analyzing, and disseminating
,information across the organization
b) By emphasizing the interconnectivity and interdependence of various parts
of a system
c) By supporting decision-making processes, facilitating communication and
collaboration, and supporting knowledge management and sharing: a) By providing
a platform for collecting, storing, analyzing, and disseminating information across the organization
, 6. Why are competitive advantages temporary?
a) Because competitors cannot duplicate them
b) Because competitors often find ways to duplicate them through acquiring
new technology, copying business operations, and hiring away key employees
c) Because competitive advantages are protected by intellectual property laws-
: b) Because competitors often find ways to duplicate them through acquiring new technology, copying business
operations, and hiring away key employees
7. What is Porter's Five Forces Model?
a) A model for analyzing the competitive forces within the environment in which
a company operates
b) A model for analyzing the strengths, weaknesses, opportunities, and threats
of a company
c) A model for analyzing the internal and external factors that affect a compa-
ny's profitability: a) A model for analyzing the competitive forces within the environment in which a company
operates
8. What is the bargaining power of suppliers?
a) The power of competitors to enter a market
b) The power of suppliers to drive up prices of materials
c) The power of customers to purchase alternatives: b) The power of suppliers to drive up
prices of materials
9. What is Porter's Broad Cost Leadership strategy?
a) A strategy in which a company aims to become the lowest-cost producer in
its industry
b) A strategy in which a company aims to differentiate its products or services
from those of its competitors
c) A strategy in which a company focuses on a specific customer group, market
segment, or niche: a) A strategy in which a company aims to become the lowest-cost producer in its industry
10. Define business intelligence.: Information collected from multiple sources such as suppliers, cus-
tomers, competitors, partners, and industries that analyze patterns, trends, and relationships for strategic decision
making.
11. Define data: Raw facts that describe the characteristics of an event or object.
Value Chain Analysis, & Strategic Information Systems
(2026)
1. What is the information age?
a) The time period when information was scarce and difficult to access
b) The present time when information is widely available to anyone with a
computer
c) The time period before computers and the internet: b) The present time when information
is widely available to anyone with a computer
2. What is data?
a) Meaningful and useful context
b) Raw facts that describe the characteristics of an event or object
c) Information collected from multiple sources to analyze patterns, trends, and
relationships: b) Raw facts that describe the characteristics of an event or object
3. What is knowledge?
a) Raw facts that describe the characteristics of an event or object
b) Skills, experience, and expertise coupled with information and intelligence
c) Information converted into a meaningful and useful context: b) Skills, experience,
and expertise coupled with information and intelligence
4. What is systems thinking?
a) A way of understanding complex systems by analyzing their components
and their interactions with each other and with their environment
b) The process of analyzing data to derive useful insights
c) The process of collecting and disseminating information across an organiza-
tion: a) A way of understanding complex systems by analyzing their components and their interactions with each
other and with their environment
5. How do management information systems enable business communica-
tions?
a) By providing a platform for collecting, storing, analyzing, and disseminating
,information across the organization
b) By emphasizing the interconnectivity and interdependence of various parts
of a system
c) By supporting decision-making processes, facilitating communication and
collaboration, and supporting knowledge management and sharing: a) By providing
a platform for collecting, storing, analyzing, and disseminating information across the organization
, 6. Why are competitive advantages temporary?
a) Because competitors cannot duplicate them
b) Because competitors often find ways to duplicate them through acquiring
new technology, copying business operations, and hiring away key employees
c) Because competitive advantages are protected by intellectual property laws-
: b) Because competitors often find ways to duplicate them through acquiring new technology, copying business
operations, and hiring away key employees
7. What is Porter's Five Forces Model?
a) A model for analyzing the competitive forces within the environment in which
a company operates
b) A model for analyzing the strengths, weaknesses, opportunities, and threats
of a company
c) A model for analyzing the internal and external factors that affect a compa-
ny's profitability: a) A model for analyzing the competitive forces within the environment in which a company
operates
8. What is the bargaining power of suppliers?
a) The power of competitors to enter a market
b) The power of suppliers to drive up prices of materials
c) The power of customers to purchase alternatives: b) The power of suppliers to drive up
prices of materials
9. What is Porter's Broad Cost Leadership strategy?
a) A strategy in which a company aims to become the lowest-cost producer in
its industry
b) A strategy in which a company aims to differentiate its products or services
from those of its competitors
c) A strategy in which a company focuses on a specific customer group, market
segment, or niche: a) A strategy in which a company aims to become the lowest-cost producer in its industry
10. Define business intelligence.: Information collected from multiple sources such as suppliers, cus-
tomers, competitors, partners, and industries that analyze patterns, trends, and relationships for strategic decision
making.
11. Define data: Raw facts that describe the characteristics of an event or object.
