CIS105 - Midterm Exam (Arizona State
University UPDATED ACTUAL Questions
and CORRECT Answers
An annual list compiled and published about the largest United States corporations by total
revenue for their respective fiscal years is called: - CORRECT ANSWER - 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 _____. - CORRECT ANSWER -
operations
Should the formula for calculating balance in Row 13 be same for every week? - CORRECT
ANSWER - Yes
The closing balance for march equals the total outflow. Possible, but is the formula correct? -
CORRECT ANSWER - No
Is the closing balance for May too high? - CORRECT ANSWER - 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. - CORRECT ANSWER - fast follower
In markets where commodity products are sold, the ___________ can increase buyer power by
increasing price transparency. - CORRECT ANSWER - internet
Operational effectiveness is usually not enough to yield sustainable competitive advantage
because: - CORRECT ANSWER - it is unprofitable to perform tasks that are different
from those of rivals.
University UPDATED ACTUAL Questions
and CORRECT Answers
An annual list compiled and published about the largest United States corporations by total
revenue for their respective fiscal years is called: - CORRECT ANSWER - 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 _____. - CORRECT ANSWER -
operations
Should the formula for calculating balance in Row 13 be same for every week? - CORRECT
ANSWER - Yes
The closing balance for march equals the total outflow. Possible, but is the formula correct? -
CORRECT ANSWER - No
Is the closing balance for May too high? - CORRECT ANSWER - 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. - CORRECT ANSWER - fast follower
In markets where commodity products are sold, the ___________ can increase buyer power by
increasing price transparency. - CORRECT ANSWER - internet
Operational effectiveness is usually not enough to yield sustainable competitive advantage
because: - CORRECT ANSWER - it is unprofitable to perform tasks that are different
from those of rivals.
