Exam (elaborations)
management 3300 mizzou exam 1 questions and answers
- Course
- Institution
management 3300 mizzou exam 1 questions and answers
[Show more]
Content preview
management 3300 mizzou exam 1questions and answers
The threat of new entrants in an industry is very high when startups can open a
business with little capital and few employees - Answers -true
The chief information officer heads the IT department in most organizations - Answers -
true
The power of suppliers is high when there are many suppliers in a market - Answers -
false
The presence of loyalty programs reduces the switching costs of a product or service -
Answers -false
Government action can influence how Porter's five forces operate in industries -
Answers -true
Creative destruction refers to an innovation that fails miserably and leads to huge losses
within the industry - Answers -false
Walking Together, an NGO, uses historical trends to determine in which month the
amount given as donations is the highest, and then it sets the dates for its donation
drives based on the trends. This is an example of ________.
A: business process reengineering
B: customer relationship management
C: intuitive decision making
D: data-driven decision making - Answers -D: data-driven decision making
Which of the following is true according to Porter's model?
A: the power of suppliers is high when constant competition forces them to innovate
B: when start-up costs are low, the threat of new entrants to existing businesses is high
C: the power of buyers reduces when deep discounts can be demanded of suppliers
D: the threat of substitutes is high when there are very few alternative products -
Answers -B
Which of the following statements is true of information systems (IS)?
A: information systems are not a fundamental part of a company's strategic vision
B: despite the success of social networking, information systems have failed at
improving virtual collaboration
, C: IS, although versatile, is not beneficial for government agencies or voluntary
organizations
D: the ability to provide companies with competitive advantage makes IS a core feature
of a company's strategic vision - Answers -D
Orange, an online-gaming site, has millions of users. The site has many games which
pit users against each other. The relative standing of each user is presented in the form
of an elaborate ranking system for each game. Users pride themselves on gaining the
highest points and the highest rank possible. This rise in user participation has
increased the value of Orange significantly. This is an example of ________.
A: network effects
B: monopolistic competition
C: guerilla marketing
D: internal marketing - Answers -A: network effects
Which of the following companies will have the highest buying power?
A: a company that procures IT services from a large software company
B: a bank that borrows from the Federal Reserve
C: a company that sells agricultural products procured from numerous farmers
D: a firm that is an exclusive dealer for an automative company - Answers -C
________ plays a leading role in managing efforts to improve an organization's ability to
capture, nurture, and disseminate expertise.
A: chief information security officer
B: chief knowledge officer
C: chief technology officer
D: chief privacy officer - Answers -B
Which of the following refers to individual facts or pieces of information?
A: data
B: knowledge
C: bytes
D: insights - Answers -A: data
Which of the following refers to facts that are assembled and analyzed to add meaning
and usefulness?
A: information
B: knowledge
C: insights
D: systems - Answers -A: information
Robert, a stockbroker, recommends that his clients buy and hold stock of Andersonz
Corp for a minimum period of six months and then sell them. His recommendation is
based on a graph of the firm's fluctuating performance for the past three quarters and
an analysis of other information. The basis of Robert's recommendations can be termed
as ________.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now