Business Intelligence | Midterm 1 Test
Bank with 100% Verified Answers
A business model describes how a company produces, delivers, and sells a product or
service to create wealth. - Answer-True
Information Technology (IT) consists of all the hardware a firm needs to use in order to
achieve its business objectives, where as information systems consist of all of the
software and business processes needed. - Answer-False
Information systems literacy describes the behavioral approach to information systems,
whereas computer literacy describes the technical approach. - Answer-False
The dimensions of information systems are management, organizations and information
technology. - Answer-True
There are four major business functions: sales and marketing; manufacturing and
production; finance and accounting; and information technology. - Answer-False
Business processes are logically related tasks for accomplishing tasks that have been
formally encoded by an organization. - Answer-False
Extranets allow companies to work easily with third party suppliers and vendors. -
Answer-True
Studies have consistently shown that firms who invest greater amounts in information
technology receive greater benefits than firms that invest less. - Answer-False
A substantial part of management responsibility creative work driven by new knowledge
and information. - Answer-True
Knowledge workers assist with paperwork at all levels of the firm. - Answer-False
You would use an MIS to help decide whether to introduce a new product line. -
Answer-False
Online collaboration tools eliminate the need for global firms to have synchronous
collaboration. - Answer-True
Transaction processing systems are most often used by the senior management level of
an organization. - Answer-False
, Management information systems typically support non-routine decision making. -
Answer-False
Managers need TPS to monitor the status of internal operations and the firm's
relationship with the external environment. - Answer-True
Decision support systems use internal information as well as information from external
sources. - Answer-True
ESS are designed to serve the middle management of an organization. - Answer-False
Information supplied by an enterprise system is structured around cross-functional
business processes. - Answer-True
Supply chain management systems are more externally oriented than enterprise
systems. - Answer-True
Decision support systems help managers make decisions that are unique, rapidly
changing, and not easily specified in advance. - Answer-True
From the point of view of economics, information systems technology can be viewed as
a factor of production that can be substituted for traditional capital and labor. - Answer-
True
The competitive forces model was created for today's digital firm. - Answer-False
Customers are one of the competitive forces that affect an organization's ability to
compete. - Answer-True
In an efficient customer response system, digital answering systems are used to
monitor and respond to customer inquiries. - Answer-False
Strong linkages to customers and suppliers decrease switching costs - Answer-False
In the value chain model, primary activities are most directly related to the production
and distribution of the firm's products and services that create value for the customer. -
Answer-True
The use of Internet technologies allows companies to more easily sustain competitive
advantage. - Answer-False
In a demonstration of network economics, the more people that use Adobe software
and related products, the greater the value of the software. - Answer-True
The term business ecosystem describes the interplay between the various
organizational forces within a firm. - Answer-False
Bank with 100% Verified Answers
A business model describes how a company produces, delivers, and sells a product or
service to create wealth. - Answer-True
Information Technology (IT) consists of all the hardware a firm needs to use in order to
achieve its business objectives, where as information systems consist of all of the
software and business processes needed. - Answer-False
Information systems literacy describes the behavioral approach to information systems,
whereas computer literacy describes the technical approach. - Answer-False
The dimensions of information systems are management, organizations and information
technology. - Answer-True
There are four major business functions: sales and marketing; manufacturing and
production; finance and accounting; and information technology. - Answer-False
Business processes are logically related tasks for accomplishing tasks that have been
formally encoded by an organization. - Answer-False
Extranets allow companies to work easily with third party suppliers and vendors. -
Answer-True
Studies have consistently shown that firms who invest greater amounts in information
technology receive greater benefits than firms that invest less. - Answer-False
A substantial part of management responsibility creative work driven by new knowledge
and information. - Answer-True
Knowledge workers assist with paperwork at all levels of the firm. - Answer-False
You would use an MIS to help decide whether to introduce a new product line. -
Answer-False
Online collaboration tools eliminate the need for global firms to have synchronous
collaboration. - Answer-True
Transaction processing systems are most often used by the senior management level of
an organization. - Answer-False
, Management information systems typically support non-routine decision making. -
Answer-False
Managers need TPS to monitor the status of internal operations and the firm's
relationship with the external environment. - Answer-True
Decision support systems use internal information as well as information from external
sources. - Answer-True
ESS are designed to serve the middle management of an organization. - Answer-False
Information supplied by an enterprise system is structured around cross-functional
business processes. - Answer-True
Supply chain management systems are more externally oriented than enterprise
systems. - Answer-True
Decision support systems help managers make decisions that are unique, rapidly
changing, and not easily specified in advance. - Answer-True
From the point of view of economics, information systems technology can be viewed as
a factor of production that can be substituted for traditional capital and labor. - Answer-
True
The competitive forces model was created for today's digital firm. - Answer-False
Customers are one of the competitive forces that affect an organization's ability to
compete. - Answer-True
In an efficient customer response system, digital answering systems are used to
monitor and respond to customer inquiries. - Answer-False
Strong linkages to customers and suppliers decrease switching costs - Answer-False
In the value chain model, primary activities are most directly related to the production
and distribution of the firm's products and services that create value for the customer. -
Answer-True
The use of Internet technologies allows companies to more easily sustain competitive
advantage. - Answer-False
In a demonstration of network economics, the more people that use Adobe software
and related products, the greater the value of the software. - Answer-True
The term business ecosystem describes the interplay between the various
organizational forces within a firm. - Answer-False
