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ISDS 3100 Final Exam with correct Answers
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ISDS 3100 Final Exam with correct Answers
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ISDS 3100 Final Exam with correctAnswers
_________ information systems guidelines focus on the technical components of a
firm's information systems - Answers -Technical
Which of the following is a common benefit of the strategic information systems
planning process? - Answers -Communication, unity of purpose, and simplified decision
making
Companies that compete within the same industry usually have similar information
systems visions, particularly when these companies are head-to-head competitors. -
Answers -False
Due to the rapid pace of technological innovations, most successful organizations rely
on productive partnerships between IT executives and their functional counterparts. -
Answers -True
Which phase of the IS planning process consists of defining the organization's mission,
future direction, performance targets, and strategy? - Answers -Strategic business
planning
Which phase of the IS planning process consists of developing a concise statement that
captures what the planning team believes should be the role of IS resources in the firm?
- Answers -Information systems vision
Which phase of the IS planning process consists of developing proposals that identify
new systems, projects, or directions for the IS organization - Answers -Strategic
initiatives
The first step in the strategic information systems planning process involves: - Answers
-Strategic business planning
Strategic alignment has been achieved when the priorities and activities of the IS
function and the strategic direction of the firm are aligned. - Answers -True
__________ can be thought of as blueprints that enable the firm to achieve its
information vision. - Answers -Information systems guidelines
Which of the following is a valid method of improving one's competitive advantage? -
Answers -Reduce supplier opportunity cost
, Input resources in a transformation process can be any element of production,
including: raw materials, labor, and support services like storage and transport, etc. -
Answers -True
The analysis of added value is only useful when a company is planning for new
innovations - Answers -False
The price of coffee beans to make a standard coffee cup cost $1. The rest of the raw
materials and expenses per cup are $0.85. If its determined that customers are willing
to pay $5 per cup for the coffee, what is the total value created? - Answers -$3.15
Andy is in the business of buying Ford vans and medical equipment to make
ambulances. The materials have $50,000 value total for the suppliers, and customers
are willing to pay $100,000 for the finished ambulance. How much value does Andy
create by making an ambulance? - Answers -$50,000
Leslie sells daily planners which consumers are willing to buy for $25. A competing
company entered the market recently that uses the exact same materials and
specifications that consumers will buy for the same price. How much added value does
Leslie contribute in this competitive market? - Answers -$0
Ron, a skilled woodcrafter, creates $2,000 value from each of his artisan tables. If
customers are willing to spend $5,000 for the table, what is the supplier opportunity cost
involved in Ron's operation? - Answers -$3,000
Ann's upscale boutique in New York creates custom-made dresses for clients. One of
them is willing to pay extra to get the order completed urgently. Ann, who was
considering a vacation at this time, will stay to complete this project first. This is creating
new value for her business. - Answers -True
Email applications, human resources systems, and point-of-sale systems are examples
of which type of information system? - Answers -Tactical
Economic value is generated when worthwhile things that did not exist before are
created. - Answers -True
In the fast food industry, a lot of substitutes products (like Burger King, McDonald's,
KFC, Subway and others) exist therefore the threat of substitutes for the fast food
industry can be termed as one of the following options: - Answers -High
Barriers to entry are strong if the threat of new entrants into an industry is low. -
Answers -True
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