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IFSM 300 All Quizzes # 1-8 Answered Fall 2024 (Answered). $20.04
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IFSM 300 All Quizzes # 1-8 Answered Fall 2024 (Answered).
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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...

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  • August 27, 2024
  • 42
  • 2024/2025
  • Exam (elaborations)
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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


Available Technology, Goals, Mission, Objectives


Mission, Environmental Analysis, Goals, Objectives



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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