Management 3300 Final Exam UPDATED
Exam Questions and CORRECT Answers
Business intelligence refers to all the information available to managers from sources beyond the
organization's own information systems. T or F? - CORRECT ANSWER - True
Who is responsible for ensuring enterprise goals are supported?
A. CISO
B. CPO
C. CIO
D. CTO - CORRECT ANSWER - CIO
Which of the following statements is true of information systems (IS)?
A. Information systems are not a fundamental part of a company's strategic vision.
B. IS, although versatile, is not beneficial for government agencies or voluntary organizations.
C. Despite the success of social networking, information systems have failed at improving virtual
collaboration.
D. The ability to provide companies with competitive advantage makes IS a core feature of a
company's strategic vision. - CORRECT ANSWER - D. The ability to provide companies
with competitive advantage makes IS a core feature of a company's strategic vision.
Information systems support data-driven decision making which draws on a large amount of data
to reveal important trends and patterns.
T or F? - CORRECT ANSWER - True
What is a question to ask if doing research for IT in organizations?
A. How should businesses promote online sales?
B. How can managers use social networking to promote innovation?
C. What kinds of interfaces are easiest for people to use?
,D. How should managers introduce change when new systems are implemented? - CORRECT
ANSWER - I answered B- it says it is not correct
Which of the following statements is true of information systems that support collaborative
human activities?
A. These information systems do not yet have tools for document management, project updates,
issue tracking, and shared calendars.
B. These systems are equipped with enough sophisticated technology to replace mature and
complex systems such as decision support systems.
C. These systems, being in their early stages, offer a framework for more improvements and
features to be included.
D. These systems, besides being complex and difficult to implement, offer minimal returns on
investment. - CORRECT ANSWER - C. These systems, being in their early stages, offer a
framework for more improvements and features to be included.
Which of the following is a factor that affects Porter's Five Forces?
A. Bandwagon Effect
B. Complementary Products and Services
C. None of the Above
D. All of the Above
E. Integrated Innovation - CORRECT ANSWER - I answered C. and it said this was incorrect
What is NOT one of the six major roles of information systems?
A.Supporting Supplier Interactions
B. Collaborating on Teams
C. Making Decisions
D. Managing Operations - CORRECT ANSWER - A. Supporting Supplier Interactions
,Which of the following refers to individual facts or pieces of information?
A. Knowledge
B. Bytes
C. Data
D. Insight - CORRECT ANSWER - C. Data
Anything that gives a firm a lead over its rivals is called ________.
A. business growth
B. competitive advantage
C. break-even
D. economies of scale - CORRECT ANSWER - B. Competitive advantage
A disruptive innovation is ________.
A. a new product or service that is harmful to society
B. a method used in production that raises environmental concerns
C. a technology that increases switching costs and entry barriers for newcomers
D. a new product or service that has the potential to reshape an industry - CORRECT
ANSWER - D. A new product or service that has the potential to reshape a industry
The power of suppliers is high when there are many suppliers in a market.
True
, False - CORRECT ANSWER - False
Which of the following companies will have the highest buying power?
A. a company that procures IT services from a large software company
B. a firm that is an exclusive dealer for an automotive company
C. a company that sells agricultural products procured from numerous farmers
D. a bank that borrows from the Federal Reserve - CORRECT ANSWER - C. A company that
sells agricultural products procured from numerous farmers
Network effects refer to the ________.
A. additional costs incurred by customers when they change suppliers
B leveraging influence of customers over suppliers
C. increased value of a product or service because there are more people using it
D. ability of suppliers to charge more due to a lack of competition - CORRECT ANSWER -
C. Increased value of a product or service because there are more people using it
Rivalry within an industry will be high if firms compete mainly on price.
True
False - CORRECT ANSWER - True
Exam Questions and CORRECT Answers
Business intelligence refers to all the information available to managers from sources beyond the
organization's own information systems. T or F? - CORRECT ANSWER - True
Who is responsible for ensuring enterprise goals are supported?
A. CISO
B. CPO
C. CIO
D. CTO - CORRECT ANSWER - CIO
Which of the following statements is true of information systems (IS)?
A. Information systems are not a fundamental part of a company's strategic vision.
B. IS, although versatile, is not beneficial for government agencies or voluntary organizations.
C. Despite the success of social networking, information systems have failed at improving virtual
collaboration.
D. The ability to provide companies with competitive advantage makes IS a core feature of a
company's strategic vision. - CORRECT ANSWER - D. The ability to provide companies
with competitive advantage makes IS a core feature of a company's strategic vision.
Information systems support data-driven decision making which draws on a large amount of data
to reveal important trends and patterns.
T or F? - CORRECT ANSWER - True
What is a question to ask if doing research for IT in organizations?
A. How should businesses promote online sales?
B. How can managers use social networking to promote innovation?
C. What kinds of interfaces are easiest for people to use?
,D. How should managers introduce change when new systems are implemented? - CORRECT
ANSWER - I answered B- it says it is not correct
Which of the following statements is true of information systems that support collaborative
human activities?
A. These information systems do not yet have tools for document management, project updates,
issue tracking, and shared calendars.
B. These systems are equipped with enough sophisticated technology to replace mature and
complex systems such as decision support systems.
C. These systems, being in their early stages, offer a framework for more improvements and
features to be included.
D. These systems, besides being complex and difficult to implement, offer minimal returns on
investment. - CORRECT ANSWER - C. These systems, being in their early stages, offer a
framework for more improvements and features to be included.
Which of the following is a factor that affects Porter's Five Forces?
A. Bandwagon Effect
B. Complementary Products and Services
C. None of the Above
D. All of the Above
E. Integrated Innovation - CORRECT ANSWER - I answered C. and it said this was incorrect
What is NOT one of the six major roles of information systems?
A.Supporting Supplier Interactions
B. Collaborating on Teams
C. Making Decisions
D. Managing Operations - CORRECT ANSWER - A. Supporting Supplier Interactions
,Which of the following refers to individual facts or pieces of information?
A. Knowledge
B. Bytes
C. Data
D. Insight - CORRECT ANSWER - C. Data
Anything that gives a firm a lead over its rivals is called ________.
A. business growth
B. competitive advantage
C. break-even
D. economies of scale - CORRECT ANSWER - B. Competitive advantage
A disruptive innovation is ________.
A. a new product or service that is harmful to society
B. a method used in production that raises environmental concerns
C. a technology that increases switching costs and entry barriers for newcomers
D. a new product or service that has the potential to reshape an industry - CORRECT
ANSWER - D. A new product or service that has the potential to reshape a industry
The power of suppliers is high when there are many suppliers in a market.
True
, False - CORRECT ANSWER - False
Which of the following companies will have the highest buying power?
A. a company that procures IT services from a large software company
B. a firm that is an exclusive dealer for an automotive company
C. a company that sells agricultural products procured from numerous farmers
D. a bank that borrows from the Federal Reserve - CORRECT ANSWER - C. A company that
sells agricultural products procured from numerous farmers
Network effects refer to the ________.
A. additional costs incurred by customers when they change suppliers
B leveraging influence of customers over suppliers
C. increased value of a product or service because there are more people using it
D. ability of suppliers to charge more due to a lack of competition - CORRECT ANSWER -
C. Increased value of a product or service because there are more people using it
Rivalry within an industry will be high if firms compete mainly on price.
True
False - CORRECT ANSWER - True
