CIS105 – MIDTERM EXAM 2025
QUESTIONS AND ANSWERS
An annual list compiled and published about the largest United States corporations by total
revenue for their respective fiscal years is called: - ANS The Fortune 500
A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is
an example of the impact of technology in the area of _____. - ANS operations
Should the formula for calculating balance in Row 13 be same for every week? - ANS Yes
The closing balance for march equals the total outflow. Possible, but is the formula correct? -
ANS No
Is the closing balance for May too high? - ANS Yes, the formula for G24 = G3 + G10 - G22
The _____ problem exists when rivals watch a pioneer's efforts, learn from their successes and
missteps, and then enter the market quickly with a comparable or superior product at a lower
cost. - ANS fast follower
In markets where commodity products are sold, the ___________ can increase buyer power by
increasing price transparency. - ANS internet
Operational effectiveness is usually not enough to yield sustainable competitive advantage
because: - ANS it is unprofitable to perform tasks that are different from those of rivals.
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 1
QUESTIONS AND ANSWERS
An annual list compiled and published about the largest United States corporations by total
revenue for their respective fiscal years is called: - ANS The Fortune 500
A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is
an example of the impact of technology in the area of _____. - ANS operations
Should the formula for calculating balance in Row 13 be same for every week? - ANS Yes
The closing balance for march equals the total outflow. Possible, but is the formula correct? -
ANS No
Is the closing balance for May too high? - ANS Yes, the formula for G24 = G3 + G10 - G22
The _____ problem exists when rivals watch a pioneer's efforts, learn from their successes and
missteps, and then enter the market quickly with a comparable or superior product at a lower
cost. - ANS fast follower
In markets where commodity products are sold, the ___________ can increase buyer power by
increasing price transparency. - ANS internet
Operational effectiveness is usually not enough to yield sustainable competitive advantage
because: - ANS it is unprofitable to perform tasks that are different from those of rivals.
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 1
