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MIS 301 Exam Review Question and answers correctly solved 2024

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MIS 301 Exam Review Question and answers correctly solved 2024 Which company earns more advertising revenue than any other media company? - correct answer Google Some of the radical changes brought about by new technologies include - correct answer the creation of an unprecedented set of ...

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  • August 27, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • MIC 301
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MIS 301 Exam Review (2)
Which company earns more advertising revenue than any other media company? -
correct answer ✔Google

Some of the radical changes brought about by new technologies include - correct
answer ✔the creation of an unprecedented set of security and espionage threats

Tech impact is reaching even beyond the confines of Earth itself. According to an
example in your chapter, how was a tool on the International Space Station recently
acquired? - correct answer ✔it was printed on-demand using 3D printing technology

Linux creator Linus Torvalds and his firm - correct answer ✔From Finland and did not
develop the product in the United States, Linux is used in cell phones and for
supercomputers, Linux is considered and "open source" product

One contributor to the ease with which young entrepreneurs can have success is low-
cost distribution to massive markets worldwide - correct answer ✔this is enabled by
app stores

a company uses radio frequency identification (RFID) tags to keep track of its inventory
- correct answer ✔this is an example of the impact of technology in the area of
operations

Crowdsourcing tools and Q/A sites, such as _____ allow firms to reach out for expertise
beyond their organizations - correct answer ✔Quora

_____ has risen to become the most profitable media company on the planet - correct
answer ✔Google

_____ stock trading is larger than stock trading between human brokers - correct
answer ✔computer-automated

Researchers in the US and China have showed an AI approach that performed _____
major trading indices as well as traditional investment portfolio allocation strategies -
correct answer ✔better than

the dominant email provider today - correct answer ✔gmail

_____ which are also known as the Industry and Competitive Analysis, are a popular
framework for examining a firm's competitive environment - correct answer ✔Porter's
five forces

, When a firm performs the same tasks better than its rivals, it is known as - correct
answer ✔operational effectiveness

Michael Porter says that the reason many firms suffer margin-eroding competition is
because they have defined themselves according to operational effectiveness rather
than - correct answer ✔strategic positioning

The business model of the firm _____ crushes costs that plague traditional grocers -
correct answer ✔FreshDirect

An approach known as the _____ of competitive advantage shows that if a firm is to
maintain sustainable competitive advantage, it must control a set of exploitable
resources with four critical characteristics. These resources must be (1) valuable, (2)
rare, (3) imperfectly imitable, and (4) non substitutable - correct answer ✔resource-
based view

According to the text, Amazon, along with many other firms that have risen during the
digital age, has a highly _____ cost structure when compared to traditional rivals -
correct answer ✔scalable

When products are commodities, technology can most often - correct answer
✔increase price competition

When a firm's financial performance consistently outperforms its industry's peers, it can
be said that the firm benefits from - correct answer ✔sustainable competitive
advantage

One of the most popular frameworks for examining a firm's competitive environment is -
correct answer ✔Porter's five forces

involves outsourcing production to third-party firms - correct answer ✔contract
manufacturing

In retail, generally, and in the fashion industry, particularly, having _____ is considered
the kiss of death - correct answer ✔excess inventory

personal digital assistants are - correct answer ✔handheld computing devices meant
largely for mobile use outside an office setting

Factors such as weather, natural disaster, terrorism, labor strife, or political unrest can
shut down a firm's operations. Which of the following is one of the measures taken by
firms to hedge such risks? - correct answer ✔spreading productions facilities across
the globe

Zara is susceptible to any disruption in northern Spain because: - correct answer ✔it
moves all of its deliveries through just two locations, both in Spain

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