ISDS 3100 FINAL EXAM QUESTIONS AND ANSWERS
The analysis of added value is only useful when a company is innovating (creating value in new ways and offering things no competitor is currently offering).
Select one:
True
False - AnswerFALSE
/.Input resources in a firm's transformatio...
ISDS 3100 FINAL EXAM QUESTIONS AND ANSWERS
2024\2025
The analysis of added value is only useful when a company is innovating (creating
value in new ways and offering things no competitor is currently offering).
Select one:
True
False - AnswerFALSE
/.Input resources in a firm's transformation process can be any factor of production,
such as raw materials, labor, equity and debt capital, managerial talent, support
services like storage and transport, etc.
Select one:
True
False - AnswerTRUE
/.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?
Select one:
a.
$2,000
b.
$7,000
c.
$5,000
d. $3,000 - Answer$3,000
/.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?
Select one:
a.
, $50,000
b.
$200,000
c.
$100,000
d.
$0 - Answer$50,000
/.Email applications, human resources systems, and point-of-sale systems are
examples of which type of information system?
Select one:
a.
Competitive
b.
Strategic
c.
Decision-Making
d.
Tactical - AnswerTACTICAL
/.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.
Select one:
True
False - AnswerTRUE
/.Which of the following is a valid method of improving one's competitive advantage?
Select one:
a.
Reduce total value created
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