MIS 180 MIDTERM Exam Questions With Correct Answers
5 views 0 purchase
Course
MIS 180
Institution
MIS 180
ides to jump at the opportunity! Deep Blue is attempting
to gain a competitive ________ by stealing its competitor's key employee. -
answerAdvantage
According to Porter, companies that wish to dominate broad markets should operate using a
________ strategy. - answerCost leadership with a low co...
MIS 180 MIDTERM Exam Questions With
Correct Answers
Feedback is information that returns to its original transmitter and modifies the transmitter's
actions. What would the original transmitter include? - answer✔✔Input, transform, output.
Imagine you are creating a new product to sell in an up-and-coming market. Which of the
following statements indicates that it would be difficult for you to enter this new market? -
answer✔✔The threat of new entrants force is low in the up-and-coming market.
Gina Brooks works for Aquarium Retail Services selling high-end saltwater fish and tank
supplies. Aquarium Retail Services is the current market leader in Gina's city. Gina has recently
been approached by Deep Blue Incorporated with an opportunity to run its corporate nationwide
marketing and sales division. Gina decides to jump at the opportunity! Deep Blue is attempting
to gain a competitive ________ by stealing its competitor's key employee. -
answer✔✔Advantage
According to Porter, companies that wish to dominate broad markets should operate using a
________ strategy. - answer✔✔Cost leadership with a low cost.
Which of the following represents a reason that competitive advantages are typically temporary?
- answer✔✔The competitor will hire away your key employees.
The competitor quickly seeks ways to duplicate your business operations.
The competitor will purchase new technology.
Greg Provenzo owns and runs a Blockbuster video store. Greg is implementing a drive-thru
rental process that is the same as you would find at a fast-food restaurant. Customers can pick-up
and drop-off their videos without leaving their cars. Greg's new system has become so popular
that Videos Plus, a competitor down the street, is attempting to recreate Greg's video drive-thru
rental process. Greg's system is an example of a _________. - answer✔✔First mover advantage
Updating business strategies is a continuous undertaking as internal and external environments
________. - answer✔✔rapidly change
When buyer power is low, supplier power is typically ______. - answer✔✔high
Which of the following represents the definition of a variable? - answer✔✔A data characteristic
that stands for a value that changes or varies over time
Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's Five
Forces Model. Which of the following represents buyer power in the soft-drink industry? -
answer✔✔Walmart negotiates a lower cost per bottle from Coke in exchange for premium shelf
space in every Walmart store.
CSFs and KPIs are the two core metrics used within a business to track progress or success.
What is the relationship between CSFs and KPIs? - answer✔✔Correct CSFs are business
strategy elements, where KPIs measure the progress of the CSFs.
Which of the following represents an example of a technology that actually disrupts and slows
workflow? - answer✔✔email
twitter
Facebook
Which of the following would create transactional information? - answer✔✔making an airline
reservation
Business process modeling, or mapping, is the activity of creating a detailed flowchart or process
map of a work process that shows its inputs, tasks, and activities in a ________ sequence. -
answer✔✔structured
Online transaction processing (OLTP) is the capturing of transaction and event information using
technology to _____________. - answer✔✔Update existing information to reflect the new
information
Store the information
Process the information according to defined business rules
Which of the following is an example of an intelligent system? - answer✔✔The Firefighter
Robot that can extinguish flames at chemical plants
Shell Oil's Smart Pump robot that pumps gas for the customer
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Thebright. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
