COMM 226 Final Exam Questions and
Answers Verified Solutions Latest
Update
Question:
What are the BTM nonroutine skills?
Answer:
1. Abstract Reasoning
Question:
Systems thinking
Question:
collaboration
Question:
Ability to experiment
Question:
abstract reasoning
Answer:
Using models (ability to create and manipulate models) to make analytics
Question:
System thinking
Answer:
A way of monitoring the entire system by viewing multiple inputs being processed or
transformed to produce outputs. like a databases
,Question:
Collaboration
Answer:
Giving and receiving feedback, a data analyst communicates with users to get the right
data into and out of a database (group work)
Question:
Ability to Experiment
Answer:
Use reasoned analysis of ideas and develop them into something useful
Question:
Management Information Systems
Answer:
The management of processes, information systems and information to help
organizations achieve their strategies
Question:
3 elements of MIS
Answer:
1. processes, information systems and information
Question:
management and use (create, monitor and adapt part 1)
Question:
achieve organizational strategies
Question:
What are Porter's Five Forces (industry structure)
Answer:
1. competition from substitutes (not the same product/industry)
, Question:
competition from new entrants
Question:
competition from existing rivals
Question:
Bargaining power of suppliers
Question:
Bargaining power of customers
Question:
2 Porter's generic competitive strategies: Scope
Answer:
1. Industry-wide: sell to anyone, seek the mass market, and anyone can use the
product they offer
Question:
Focus: specific type of consumer (age, group, lifestyle, geographical area)
Question:
2 Porter's generic competitive strategies: Competitve Advantage
Answer:
1. Cost (low): wins by offering the cheapest option; you fail if yours is not the cheapest
Question:
Differentiation: offer something unique, superior or premium
Question:
5 primary activities
Answer:
1. Inbound logistics: receiving and storing
Answers Verified Solutions Latest
Update
Question:
What are the BTM nonroutine skills?
Answer:
1. Abstract Reasoning
Question:
Systems thinking
Question:
collaboration
Question:
Ability to experiment
Question:
abstract reasoning
Answer:
Using models (ability to create and manipulate models) to make analytics
Question:
System thinking
Answer:
A way of monitoring the entire system by viewing multiple inputs being processed or
transformed to produce outputs. like a databases
,Question:
Collaboration
Answer:
Giving and receiving feedback, a data analyst communicates with users to get the right
data into and out of a database (group work)
Question:
Ability to Experiment
Answer:
Use reasoned analysis of ideas and develop them into something useful
Question:
Management Information Systems
Answer:
The management of processes, information systems and information to help
organizations achieve their strategies
Question:
3 elements of MIS
Answer:
1. processes, information systems and information
Question:
management and use (create, monitor and adapt part 1)
Question:
achieve organizational strategies
Question:
What are Porter's Five Forces (industry structure)
Answer:
1. competition from substitutes (not the same product/industry)
, Question:
competition from new entrants
Question:
competition from existing rivals
Question:
Bargaining power of suppliers
Question:
Bargaining power of customers
Question:
2 Porter's generic competitive strategies: Scope
Answer:
1. Industry-wide: sell to anyone, seek the mass market, and anyone can use the
product they offer
Question:
Focus: specific type of consumer (age, group, lifestyle, geographical area)
Question:
2 Porter's generic competitive strategies: Competitve Advantage
Answer:
1. Cost (low): wins by offering the cheapest option; you fail if yours is not the cheapest
Question:
Differentiation: offer something unique, superior or premium
Question:
5 primary activities
Answer:
1. Inbound logistics: receiving and storing
