67.
Which of the following auto manufacturers use an overall cost leadership
strategy?
68.
If you were to create a unique industry Web site for your customers that
allowed them to build virtual communities with other customers by sharing
information, how would you be enhancing your competitive strategy?
69.
Carrio Arrento, a car rental company, operates in two cities and offers low-
rental cars specifically to college students from these areas. This is an
example of a(n) _______.
70.
_____ is an approach in which you allocate in terms of percentages how you
will spend your IT dollars on various types of business strategies.
71.
Your business had two strategic initiatives this year. One initiative focused
on improving customer satisfaction. The second focused on providing
customers with their purchase history from any Internet site in the world. If
you were to allocate 15% of your IT budget to the first initiative and 25% to
the second initiative, what type of strategy are you applying?
72.
Under the RGT framework, which of the following strategies applies to a
business that offers products and services faster and cheaper than the
competition?
73.
Under the RGT framework, which of the following strategies applies to a
business that increases their customer base by taking it from the
competition?
74.
Under the RGT framework, which of the following strategies innovates
business processes and/or products and services in a completely new way,
moving into seemingly different markets?
75.
The “run” strategy in the RGT framework is similar in many ways to which
of Porter’s generic strategies?
True / False Questions
76.
Management information systems deal with the use of information
technology tools to help people perform tasks related to information
processing.
77.
The three important organizational resources involved in management
information systems include – information, information technology, and
people.
78.
Data and information are the same.
79.
Data is information that has been processed in some way.
80.
A statement that the average daily wage of all the construction workers in
New York is $350 is an example of information.
81.
Business intelligence refers solely to information about your competitors.
82.
Information exhibits high quality only if it is pertinent, relevant, and useful
to you.
83.
Information is of no value to you if you can’t access it.
84.
If the information coming into your decision-making process is in bad form,
you’ll more than likely make a poor decision.
85.
At upper organizational levels, information exhibits fine granularity because
people need to work with information in great detail.
86.
The horizontal flow of information consists of information that is
communicated to customers, suppliers, distributors, and other partners for
the purpose of doing business.
87.
Objective information attempts to describe something that is unknown.
88.
A technology-literate knowledge worker knows how and when to apply
technology.
89.
An information-literate knowledge worker can transform the information
into business intelligence.
90.
Copying software so that your neighbor can install it on his/her machine is
completely legal and ethical, unless you charge a fee for the software.
91.
Hardware consists of the instructions executed by the computer to
complete a specific task.
92.
Output devices include such tools as printer, monitor, and speakers.
93.
DVD is a temporary holding space for data and software.
94.
If you connect to the Internet using a modem, the modem is a
telecommunications device.
95.
Software such as Microsoft Word, Excel, PowerPoint, or Access are
examples of utility software.
96.
Fixed costs can include utilities, insurance, and employee salaries.
97.
VoIP allows you to use the Internet for making phone calls instead of
leasing traditional telephone lines from the phone company.