IFSM300 Quiz 1 Latest 2020 November

IFSM300 Information systems in Organization

Quiz 1

Question 1          Which of the following are the two primary methods for obtaining competitive advantage described by Michael Porter? (select the two that apply)

A) value chain creation

B) differentiation advantage

C) advantage of bringing new products to market

D) cost advantage

Question 2          Which of the following are critical in today’s business world?  (select all that apply)

Identifying how an information system can provide competitive advantage

Understanding how organizations translate their high-level mission into specific objectives and align with technology solutions

Understanding how businesses use technology for strategic advantage

Ability to identify business opportunities that can be supported by information technology.

Question 3A strategic information system is one that attempts to do one or more of the following: (select all that apply)

deliver a product or a service at a lower cost

help an organization focus on a specific market segment

deliver a product or service that is differentiated

enable innovation

Question 4Which of the following are advantages of globalization?  (select all that apply)

Ability to draw from an international labor pool

Seamless ability to ship world-wide

Expanded market for an organization’s products and services.

Compatible world-wide infrastructure

Question 5Which of the following statements are true of Decision Support Systems (DSS)?  (select all that apply)

DSSs are designed to take inputs regarding a known (or partially-known) decision-making process and provide the information necessary to make a decision.

DSSs can exist at different levels of decision-making with the organization, from the CEO to the first-level managers.

A decision support system (DSS) is an information system built to help an organization make a specific decision or set of decisions.

DSSs are used only at the executive level and are used to make all strategic decisions.

Question 6          True or false:  Highly qualified vendors, consultants, and IT departments are the most important elements for the successful implementation of enterprise technologies.

                True

                False

Question 7          Which of the following is exemplified by customers finding a different way to get the product or service?

rivalry among competitors

customer disloyalty

threat of substitute product or services

barriers to entry

Question 8          According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company’s standing in an industry, except for which one?

Bargaining power of suppliers

Political and/or economic factors

Threat of entry of new competitors

Threat of substitute products/services

Question 9          What business approach has enabled Walmart to drive prices down and react to market conditions more quickly?

Employee benefit packages

Supply chain management system

Increased direct marketing

Store location

Question 10        The term “digital divide” refers to:

Equal access to technology solutions

City-wide Internet access

The separation of those who have access to the global network and those who do not

Global access to the Internet

Question 11Which use of the Internet could have a negative impact on a company’s competitive position?

 

allowing a company to monitor patent infringement by other companies

providing an easy method to facilitate product orders to flow to the suppliers

allowing potential customers to find possible substitute products

allowing potential customers to learn about the company’s products and services

Question 12        Which of the following is defined as the ability of customers to drive down the price of goods and services?

supplier power

rivalry among competitors

threat of price reduction

buyer power or the bargaining power of customers

Question 13        Which of the following are components of an information system?  (select all that apply)

hardware

people

process

software

data

Question 14        Which of the following is defined as a series of activities undertaken by the company to add worth or importance to a product or service?

strategic direction

competitive advantage

value chain

business processes

Question 15        Identify the correct sequence of events in organizational strategic planning.

Mission, Available Technology, Objectives, Environmental Analysis

Mission, Environmental Analysis, Goals, Objectives

Goals, Processes, Technology, Profits

Available Technology, Goals, Mission, Objectives