ISDS 3001 ACTUAL FINAL EXAMS UPDATED
QUESTIONS AND ANSWERS SURE A+
✔✔Competitor - ✔✔which of the following is an entity that does not share the total value
created by a transformation made in your firm?
✔✔Yes. Because iPet is the only firm in the market able to create $5 worth of value -
✔✔You invented the iPet, an app that lets let owners track their animals. There is only
one competitor, iDog, and it produces a similar product. Your analysis shows that SOC
for iPet and iDog is the same $20. But CWP for iPet is $25 and iDog is $23. Do you
have a competitive advantage
✔✔The process by which the total value created in the transaction is split among all the
entities who contributed to creating it - ✔✔We defined the concept of value
appropriation as:
✔✔1$ - ✔✔In Abraham's coffee shop, customers are willing to buy medium coffee for
$3. He says it creates 2 dollars worth of value on each cup. How much is the supplier
opportunity cost?
✔✔False - ✔✔A customer's willingness to pay is the same price they pay (T/F)
, ✔✔True - ✔✔To create value you must increase customer willingness to pay more than
supplier opportunity cost (T/F)
✔✔The threat of substitutes or services for other music players - ✔✔the ipod's entrance
into the music player industry caused the increase threat of which of the following
✔✔Marketing and Sales - ✔✔Which of the following is not a part of the support activities
carried out in a typical value chain
✔✔Evaluate and Accept - ✔✔the CSLC is broken down into 13 stages. One of these
involves making sure that the goods or services that have been purchased actually
meet the applicable specifications. What stage is this?
✔✔True - ✔✔The virtual value chain (VVC) model is designed to map the set of
sequential activities that enable a firm to transform data in input into some output
information that, once distributed to the appropriate user, has higher value than the
original data (T/F)
✔✔the bargaining power of supplier B will increase - ✔✔a small local coffee shop has 2
suppliers, A and B. Supplier A went bankrupt and had to close its business. Assuming
that both suppliers are able to provide the coffee shop with all its needs in term of
suppliers, which of the following is likely to happen
✔✔Inbound logistics - ✔✔Which is following a primary activity
✔✔False - ✔✔Of the five forces, rivalry amongst competitors us the most important
because it represents the best determinant of profitability for an average company
within an industry (T/F)
✔✔Low - ✔✔The pharmaceutical industry is characterized by a substantial need for
capital investments in research and development, strong economies of scale, well-
known brand names with multiple issues on patents and government regulations. Threat
of new entrants can be characterized as one of the following options:
✔✔Your university library electronic system - ✔✔which of the following is an example of
mirroring capabilities
✔✔Customers - ✔✔the CLSC should be viewed from which viewpoint?
✔✔analyze and develop IT-dependent strategic initiatives independently - ✔✔after
evaluating an IT-Dependent strategic initiative using the sustainability framework,
managers are left with three possible decisions. Which of the following is not one of
these decisions?
QUESTIONS AND ANSWERS SURE A+
✔✔Competitor - ✔✔which of the following is an entity that does not share the total value
created by a transformation made in your firm?
✔✔Yes. Because iPet is the only firm in the market able to create $5 worth of value -
✔✔You invented the iPet, an app that lets let owners track their animals. There is only
one competitor, iDog, and it produces a similar product. Your analysis shows that SOC
for iPet and iDog is the same $20. But CWP for iPet is $25 and iDog is $23. Do you
have a competitive advantage
✔✔The process by which the total value created in the transaction is split among all the
entities who contributed to creating it - ✔✔We defined the concept of value
appropriation as:
✔✔1$ - ✔✔In Abraham's coffee shop, customers are willing to buy medium coffee for
$3. He says it creates 2 dollars worth of value on each cup. How much is the supplier
opportunity cost?
✔✔False - ✔✔A customer's willingness to pay is the same price they pay (T/F)
, ✔✔True - ✔✔To create value you must increase customer willingness to pay more than
supplier opportunity cost (T/F)
✔✔The threat of substitutes or services for other music players - ✔✔the ipod's entrance
into the music player industry caused the increase threat of which of the following
✔✔Marketing and Sales - ✔✔Which of the following is not a part of the support activities
carried out in a typical value chain
✔✔Evaluate and Accept - ✔✔the CSLC is broken down into 13 stages. One of these
involves making sure that the goods or services that have been purchased actually
meet the applicable specifications. What stage is this?
✔✔True - ✔✔The virtual value chain (VVC) model is designed to map the set of
sequential activities that enable a firm to transform data in input into some output
information that, once distributed to the appropriate user, has higher value than the
original data (T/F)
✔✔the bargaining power of supplier B will increase - ✔✔a small local coffee shop has 2
suppliers, A and B. Supplier A went bankrupt and had to close its business. Assuming
that both suppliers are able to provide the coffee shop with all its needs in term of
suppliers, which of the following is likely to happen
✔✔Inbound logistics - ✔✔Which is following a primary activity
✔✔False - ✔✔Of the five forces, rivalry amongst competitors us the most important
because it represents the best determinant of profitability for an average company
within an industry (T/F)
✔✔Low - ✔✔The pharmaceutical industry is characterized by a substantial need for
capital investments in research and development, strong economies of scale, well-
known brand names with multiple issues on patents and government regulations. Threat
of new entrants can be characterized as one of the following options:
✔✔Your university library electronic system - ✔✔which of the following is an example of
mirroring capabilities
✔✔Customers - ✔✔the CLSC should be viewed from which viewpoint?
✔✔analyze and develop IT-dependent strategic initiatives independently - ✔✔after
evaluating an IT-Dependent strategic initiative using the sustainability framework,
managers are left with three possible decisions. Which of the following is not one of
these decisions?
