Written: May 20, 2015 6:38 AM – May 20, 2015 6:40 AM<\/p>\n
Submission View<\/p>\n
Your quiz has been submitted successfully.<\/p>\n
Question 1 1 \/ 1 point<\/p>\n
Which of the following is defined as the ability of customers to drive down the price of goods and services?<\/p>\n
A)\u00a0 supplier power<\/p>\n
B)\u00a0 buyer power or the bargaining power of customers<\/p>\n
C)\u00a0 rivalry among competitors<\/p>\n
D)\u00a0 threat of price reduction<\/p>\n
View FeedbackQuestion 2 1 \/ 1 point<\/p>\n
Are there any direct variables that have no effect on a business’ competitive position?<\/p>\n
A)\u00a0 yes<\/p>\n
B)\u00a0 No<\/p>\n
View FeedbackQuestion 3 1 \/ 1 point<\/p>\n
Which of the following are components of an information system?\u00a0 (select all that apply)<\/p>\n
A)\u00a0 data<\/p>\n
B)\u00a0 hardware<\/p>\n
C)\u00a0 people<\/p>\n
D)\u00a0 process<\/p>\n
E)\u00a0 software<\/p>\n
View FeedbackQuestion 4 1 \/ 1 point<\/p>\n
According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company\u2019s standing in an industry, except for which one?<\/p>\n
A)\u00a0 Threat of entry of new competitors<\/p>\n
B)\u00a0 Political and\/or economic factors<\/p>\n
C)\u00a0 Bargaining power of suppliers<\/p>\n
D)\u00a0 Threat of substitute products\/services<\/p>\n
View FeedbackQuestion 5 1 \/ 1 point<\/p>\n
True or false:\u00a0 Early research could not draw any connections between IT and profitability, but later research has shown that the impact can be positive.<\/p>\n
True<\/p>\n
False<\/p>\n
View FeedbackQuestion 6 1 \/ 1 point<\/p>\n
Web 2.0 is exemplified by which of the following?\u00a0 (select all that apply)<\/p>\n
A)\u00a0 blogging<\/p>\n
B)\u00a0 online purchasing<\/p>\n
C)\u00a0 social networking<\/p>\n
D)\u00a0 interactive comments<\/p>\n
View FeedbackQuestion 7 1 \/ 1 point<\/p>\n
In a business like Walmart, which of the following groups of variables has the most impact on their competitive position?<\/p>\n
A)\u00a0 customers, suppliers, government regulations, location<\/p>\n
\u00a0<\/p>\n
B)\u00a0 suppliers, customers, location, employees<\/p>\n
C)\u00a0 location, environmental concerns, suppliers, technology<\/p>\n
D)\u00a0 suppliers, location, technology, competition<\/p>\n
View FeedbackQuestion 8 1 \/ 1 point<\/p>\n
Which use of the Internet could have a negative impact on a company’s competitive position?<\/p>\n
A)\u00a0 allowing potential customers to learn about the company’s products and services<\/p>\n
B)\u00a0 providing an easy method to facilitate product orders to flow to the suppliers<\/p>\n
C)\u00a0 allowing potential customers to find possible substitute products<\/p>\n
D)\u00a0 allowing a company to monitor patent infringement by other companies<\/p>\n
View FeedbackQuestion 9 1 \/ 1 point<\/p>\n
Of the following, which factor is least crucial to the ability of a company to maintain its competitive position?<\/p>\n
A)\u00a0 emerging new technologies that create new products or create efficiencies<\/p>\n
B)\u00a0 patent infringements<\/p>\n
C)\u00a0 employees’ benefits<\/p>\n
D)\u00a0 new international markets<\/p>\n
View FeedbackQuestion 10 1 \/ 1 point<\/p>\n
Which of the following is defined as a series of activities undertaken by the company to produce a product or service?<\/p>\n
business processes<\/p>\n
value chain<\/p>\n
strategic direction<\/p>\n
competitive advantage<\/p>\n
View FeedbackQuestion 11 1 \/ 1 point<\/p>\n
Which of the following statements are true of Decision Support Systems (DSS)?\u00a0 (select all that apply)<\/p>\n
A)\u00a0 A decision support system (DSS) is an information system built to help an organization make a specific decision or set of decisions. <\/p>\n
B)\u00a0 DSSs are used only at the executive level and are used to make all strategic decisions.<\/p>\n
C)\u00a0 DSSs are designed to take inputs regarding a known (or partially-known) decision-making process and provide the information necessary to make a decision.<\/p>\n
D)\u00a0 DSSs can exist at different levels of decision-making with the organization, from the CEO to the first-level managers.<\/p>\n
View FeedbackQuestion 12 1 \/ 1 point<\/p>\n
Which of the following groups of variables are all direct variables?<\/p>\n
A)\u00a0 customers, suppliers, government regulations, technology<\/p>\n
B)\u00a0 suppliers, time, politics, owners.<\/p>\n
C)\u00a0 supplier, customers, employees, location<\/p>\n
D)\u00a0 employees, location, technology, organizational components<\/p>\n
View FeedbackQuestion 13 1 \/ 1 point<\/p>\n
Strategic issues related to business processes and the value chain are addressed at which organizational level?<\/p>\n
corporate level<\/p>\n
business unit level<\/p>\n
functional level<\/p>\n
strategic level<\/p>\n
View FeedbackQuestion 14 1 \/ 1 point<\/p>\n
Which of the following are the two primary methods for obtaining competitive advantage described by Michael Porter? (select the two that apply)<\/p>\n
A)\u00a0 advantage of bringing new products to market<\/p>\n
B)\u00a0 cost advantage<\/p>\n
C)\u00a0 differentiation advantage<\/p>\n
D)\u00a0 value chain creation<\/p>\n
View FeedbackQuestion 15 1 \/ 1 point<\/p>\n
Highly qualified vendors, consultants, and ITdepartments are the most important elements for the successful implementation of enterprisetechnologies.<\/p>\n
True<\/p>\n
False<\/p>\n
View FeedbackQuestion 16 1 \/ 1 point<\/p>\n
Which of the following are Porter’s three generic strategies?\u00a0 (select all that apply)<\/p>\n
A)\u00a0 cost leadership<\/p>\n
B)\u00a0 differentiation<\/p>\n
C)\u00a0 focus<\/p>\n
D)\u00a0 competitive advantage<\/p>\n
View FeedbackQuestion 17 1 \/ 1 point<\/p>\n
Which of the following is exemplified by customers finding a different way to get the product or service?<\/p>\n
A)\u00a0 customer disloyalty<\/p>\n
B)\u00a0 threat of substitute product or services<\/p>\n
C)\u00a0 rivalry among competitors<\/p>\n
D)\u00a0 barriers to entry<\/p>\n
View FeedbackQuestion 18 1 \/ 1 point<\/p>\n
True or False:\u00a0 According to Michael Porter, the Internet has the effect of lowering overall profitability.<\/p>\n
True<\/p>\n
False<\/p>\n
View FeedbackQuestion 19 1 \/ 1 point<\/p>\n
A strategic information system is one that attempts to do one or more of the following: (select all that apply)<\/p>\n
A)\u00a0 help an organization focus on a specific market segment<\/p>\n
B)\u00a0 deliver a product or a service at a lower cost<\/p>\n
C)\u00a0 enable innovation<\/p>\n
D)\u00a0 deliver a product or service that is differentiated<\/p>\n
View FeedbackQuestion 20 1 \/ 1 point<\/p>\n
True or False:\u00a0 The data show that IT has reduced the differences among companies.<\/p>\n
True<\/p>\n
False<\/p>\n","protected":false},"excerpt":{"rendered":"
Written: May 20, 2015 6:38 AM – May 20, 2015 6:40 AM Submission View Your quiz has been submitted successfully.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-43738","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n