EBTM TEST 1 QUESTIONS WITH CORRECT ANSWERS!!

EBTM TEST 1
QUESTIONS WITH
CORRECT
ANSWERS!!
Evatee
EBTM
10/23/24

, EBTM TEST 1 QUESTIONS WITH CORRECT
ANSWERS!!


define management information systems and describe the three important
organizational resources within it- people, information and information
technology Answer - - MIS deals with planning for, development,
management, and use of information of information technology tools to help
people perform all tasks related to information processing and management
- people are most important, to be successful in use of tech people must be
information literate and technology literate
- information goes by data, BI, and knowledge
- IT is any computer based tool that people use to work with information and
support the info and info-processing needs of organization


describe how to use breakeven analysis to asses financial impact of information
technology Answer - - breakeven analysis considers and charts three pieces of
financial information: fixed costs, variable costs, and revenue
- breakeven analysis can be used to determine financial impact of information
technology by assessing
1. how tech can help reduce fixed costs
2. how tech can help reduce variable costs
3. how tech can help increase revenue


describe how to use porters 5 forces model to evaluate the relative
attractiveness and competitive pressures in an industry Answer - 1. buyer
power: high when buyers have many choices and low when choices are few
2. supplier power: high when buyers have few choices and high when choices
are many