CIS 490 Quiz Chapter 2&3 - C IS 490 Answers Correct 1....

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CIS 490 – Answers Correct 1. (Points: 0.5)      The physical resources of the firm include personnel, material, machines, and money. a. a. True b. b. False  2. (Points: 0.5)      Management is guided in its decision making by the firm's physical resource flow. a. a. True b. b. False  3. (Points: 0.5)      The firm exists for the purpose of making a profit. a. a. True b. b. False  4. (Points: 0.5)      The only resource that connects the firm with all of the environmental elements is information. a. a. True b. b. False  5. (Points: 0.5)      Competitive advantage refers to the use of data to gain leverage over the competitors. a. a. True b. b. False  6. (Points: 0.5)      Firms create value by performing value activities.
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a. a. True b. b. False  7. (Points: 0.5)      The firm's business partners work together to create synergy. a. a. True b. b. False  8. (Points: 0.5)      A strategic advantage is one that has a fundamental effect in shaping the firm's products. a. a. True b. b. False  9. (Points: 0.5)      Tactical advantage is achieved when a firm implements a strategy in a better way than its competitors. a. a. True b. b. False  10. (Points: 0.5)      Cookies are small files of information on the firm's computers that store customer information. a.
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This note was uploaded on 04/03/2010 for the course CIS 490 taught by Professor Slusky during the Spring '10 term at California State University , Monterey Bay.

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CIS 490 Quiz Chapter 2&3 - C IS 490 Answers Correct 1....

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