SGMA 217 MIDTERM 2 WITH QUESTIONS
AND WELL VERIFIED ANSWERS ACTUAL
EXAM!!! 2026
Management of Information Systems (MIS) - ANSWER -a discipline that involves the
management of people, process, and technology around the care of information
Information Systems - ANSWER -The combination of technology, people, and process
that an organization uses to produce and manage information
Competitive Advantage - ANSWER -a set of unique features of a company and its
products that are perceived by the target market as significant and superior to those of the
competition; also called differential advantage
SWOT Analysis - ANSWER -A SWOT analysis looks at the strengths and weaknesses of
the company itself and the opportunities and threats for the company and its external
environment.
Porter's Five Forces Model - ANSWER -a model that focuses on the five forces that
shape competition within an industry
Five Forces that Shape Competition within an Industry - ANSWER -1. The risk of new
entry by potential competitors
2. the degree of rivalry among established companies within an industry
3. the bargaining power of buyers
4. the bargaining power of suppliers
5. the threat of substitute products
Industry Life Cycle Model - ANSWER -A useful tool for analyzing the effects of an
industry's evolution on competitive forces.
,Five Stages of Industry Evolution - ANSWER -introduction, growth, cost or shakeout,
maturity, decline
Vision Statement - ANSWER -a clear, concise picture of the company's future direction
in terms of its values and purpose that is used to guide and inspire
Mission Statement - ANSWER -A clear, concise articulation of how the company intends
to achieve its vision- how it is different from its competition and the keys to its success.
Management - ANSWER -the process of guiding and directing the development,
maintenance, and allocation of resources to attain organizational goals.
Efficiency - ANSWER -using the least amount of resources to accomplish the
organization's goals (doing things right)
Effectiveness - ANSWER -The ability to produce the desired results or goods (doing the
right thing)
Leadership - ANSWER -the relationship between a leader and the followers who want
real changes, resulting in outcomes that reflect their shared purposes
Planning - ANSWER -the process of deciding what needs to be done to achieve
organizational objectives, knowing what is needed to accomplish these objectives (i.e
resources), identifying when and how it will be done, and determining by whom it should be
done
Strategic Planning - ANSWER -the process of creating long-range (one to five years)
broad goals for the organization and determining what resources will be needed to accomplish
those goals
Mission - ANSWER -an organization's purpose and reason for existing; its long term
goals
Tactical Planning - ANSWER -the process of beginning to implement a strategic plan by
addressing issues of coordination and allocation of resources to different parts of the
, organization; has a shorter time frame (less than one year) and more specific objectives than
strategic planning
Operational Planning - ANSWER -the process of creating specific standards, methods,
policies, and procedures that are used in specific functional areas of the organization; helps
guide and control the implementation of tactical plans.
Contingency Plans - ANSWER -plans that identify alternative courses of action for very
unusual or unforeseen situations and simply when the assumptions on which the original plan
is built do not hold true
Organizing - ANSWER -the process of coordinating and allocating a company's resources
to carry out its plans.
Top Management - ANSWER -the highest level of managers, including CEO's, presidents,
and vice presidents; they develop strategic plans and address long-range issues
Middle Management - ANSWER -Managers who design and carry out tactical plans in
specific areas of the company
Supervisory Management (Operational Management) - ANSWER -managers who design
and carry out operational plans for the ongoing daily activities of the company
Leading - ANSWER -the process of directing, guiding, and motivating others toward the
achievement of organizational goals
Power - ANSWER -the ability to influence others to behave in a particular way
Legitimate Power - ANSWER -Power that is derived from an individual's position in an
organization
Reward Power - ANSWER -Power that is derived from an individual's control over
rewards.
AND WELL VERIFIED ANSWERS ACTUAL
EXAM!!! 2026
Management of Information Systems (MIS) - ANSWER -a discipline that involves the
management of people, process, and technology around the care of information
Information Systems - ANSWER -The combination of technology, people, and process
that an organization uses to produce and manage information
Competitive Advantage - ANSWER -a set of unique features of a company and its
products that are perceived by the target market as significant and superior to those of the
competition; also called differential advantage
SWOT Analysis - ANSWER -A SWOT analysis looks at the strengths and weaknesses of
the company itself and the opportunities and threats for the company and its external
environment.
Porter's Five Forces Model - ANSWER -a model that focuses on the five forces that
shape competition within an industry
Five Forces that Shape Competition within an Industry - ANSWER -1. The risk of new
entry by potential competitors
2. the degree of rivalry among established companies within an industry
3. the bargaining power of buyers
4. the bargaining power of suppliers
5. the threat of substitute products
Industry Life Cycle Model - ANSWER -A useful tool for analyzing the effects of an
industry's evolution on competitive forces.
,Five Stages of Industry Evolution - ANSWER -introduction, growth, cost or shakeout,
maturity, decline
Vision Statement - ANSWER -a clear, concise picture of the company's future direction
in terms of its values and purpose that is used to guide and inspire
Mission Statement - ANSWER -A clear, concise articulation of how the company intends
to achieve its vision- how it is different from its competition and the keys to its success.
Management - ANSWER -the process of guiding and directing the development,
maintenance, and allocation of resources to attain organizational goals.
Efficiency - ANSWER -using the least amount of resources to accomplish the
organization's goals (doing things right)
Effectiveness - ANSWER -The ability to produce the desired results or goods (doing the
right thing)
Leadership - ANSWER -the relationship between a leader and the followers who want
real changes, resulting in outcomes that reflect their shared purposes
Planning - ANSWER -the process of deciding what needs to be done to achieve
organizational objectives, knowing what is needed to accomplish these objectives (i.e
resources), identifying when and how it will be done, and determining by whom it should be
done
Strategic Planning - ANSWER -the process of creating long-range (one to five years)
broad goals for the organization and determining what resources will be needed to accomplish
those goals
Mission - ANSWER -an organization's purpose and reason for existing; its long term
goals
Tactical Planning - ANSWER -the process of beginning to implement a strategic plan by
addressing issues of coordination and allocation of resources to different parts of the
, organization; has a shorter time frame (less than one year) and more specific objectives than
strategic planning
Operational Planning - ANSWER -the process of creating specific standards, methods,
policies, and procedures that are used in specific functional areas of the organization; helps
guide and control the implementation of tactical plans.
Contingency Plans - ANSWER -plans that identify alternative courses of action for very
unusual or unforeseen situations and simply when the assumptions on which the original plan
is built do not hold true
Organizing - ANSWER -the process of coordinating and allocating a company's resources
to carry out its plans.
Top Management - ANSWER -the highest level of managers, including CEO's, presidents,
and vice presidents; they develop strategic plans and address long-range issues
Middle Management - ANSWER -Managers who design and carry out tactical plans in
specific areas of the company
Supervisory Management (Operational Management) - ANSWER -managers who design
and carry out operational plans for the ongoing daily activities of the company
Leading - ANSWER -the process of directing, guiding, and motivating others toward the
achievement of organizational goals
Power - ANSWER -the ability to influence others to behave in a particular way
Legitimate Power - ANSWER -Power that is derived from an individual's position in an
organization
Reward Power - ANSWER -Power that is derived from an individual's control over
rewards.
