Quiz 1 Submission View

Quiz Submissions - Quiz 1 Submission View Your quiz has been submitted successfully. Question 1 1 / 1 point Which of the following is defined as the ability of customers to drive down the price of goods and services? rivalry among competitors buyer power or the bargaining power of customer threat of price reduction supplier power Question 2 1 / 1 point What business approach has enabled Walmart to drive prices down and react to market conditions more quickly? Supply chain management system Increased direct marketing Employee benefit packages Store location Question 3 1 / 1 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 Question 4 1 / 1 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) value chain creation C) advantage of bringing new products to market D) cost advantage Question 5 1 / 1 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 value chain competitive advantage strategic direction Question 6 1 / 1 point Which use of the Internet could have a negative impact on a company's competitive position? allowing potential customers to learn about the company's products and services allowing a company to monitor patent infringement by other companies allowing potential customers to find possible substitute products providing an easy method to facilitate product orders to flow to the suppliers Question 7 1 / 1 point Which of the following statements are true of Decision Support Systems (DSS)? (select all that apply) 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 firstlevel managers. 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. Question 8 1 / 1 point Which of the following are critical in today’s business world? (select all that apply) Identifying how an information system can provide competitive advantage Ability to identify business opportunities that can be supported by information technology. Understanding how organizations translate their high-level mission into specific objectives and align with technology solutions Understanding how businesses use technology for strategic advantage Question 9 1 / 1 point Which of the following are components of an information system? (select all that apply) people software process data hardware Question 10 1 / 1 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 Question 11 1 / 1 point Which of the following are advantages of globalization? (select all that apply) Seamless ability to ship world-wide Compatible world-wide infrastructure Ability to draw from an international labor pool Expanded market for an organization's products and services. Question 12 1 / 1 point A strategic information system is one that attempts to do one or more of the following: (select all that apply) deliver a product or a service at a lower cost deliver a product or service that is differentiated enable innovation help an organization focus on a specific market segment Question 13 1 / 1 point The term "digital divide" refers to: 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 Equal access to technology solutions Question 14 0 / 1 point Which of the following is exemplified by customers finding a different way to get the product or service? customer disloyalty rivalry among competitors threat of substitute product or services barriers to entry View Feedback Question 15 1 / 1 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? Threat of entry of new competitors Political and/or economic factors Bargaining power of suppliers Threat of substitute products/services