IFSM 300 All Quizzes # 1-8 Answered Fall 2024.
Quiz Submissions - Quiz 1
1 / 1 point
The term "digital divide" refers to:
Equal access to technology solutions
City-wide Internet access
Global access to the Internet
The separation of those who have access to the global network and those who...
Quiz Submissions - Quiz 1
point
The term "digital divide" refers to:
Equal access to technology solutions
City-wide Internet access
Global access to the Internet
The separation of those who have access to the global network and those who do not
point
True or false: Highly qualified vendors, consultants, and IT
departments are the most important elements for the successful
implementation of enterprise technologies.
True
False
point
Which 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 are used only at the executive level and are used to make all strategic decisions.
A decision support system (DSS) is an information system built to help an organization
make a specific decision or set of decisions.
DSSs can exist at different levels of decision-making with the organization, from the CEO
to the first-level managers.
, point
Which of the following are components of an information
system? (select all that apply)
hardware
data
software
process
people
point
Which of the following is defined as the ability of customers to drive
down the price of goods and services?
rivalry among competitors
threat of price reduction
buyer power or the bargaining power of customers
supplier power
point
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?
Political and/or economic factors
, Bargaining power of suppliers
Threat of entry of new competitors
Threat of substitute products/services
point
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?
business processes
strategic direction
value chain
competitive advantage
point
What business approach has enabled Walmart to drive prices down and
react to market conditions more quickly?
Supply chain management system
Employee benefit packages
Increased direct marketing
Store location
point
, Identify the correct sequence of events in organizational strategic
planning.
Goals, Processes, Technology, Profits
Mission, Available Technology, Objectives, Environmental Analysis
point
Which use of the Internet could have a negative impact on a company's
competitive position?
allowing potential customers to find possible substitute products
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 learn about the company's products and services
point
Which of the following are the two primary methods for obtaining
competitive advantage described by Michael Porter? (select the two that
apply)
A) differentiation advantage
B) advantage of bringing new products to market
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