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quiz1 - Quiz 1 Name ID 1 What is a general name for the...

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Unformatted text preview: ' Quiz 1: Name: ID 1. What is a general name for the business function and academic discipline covering the application of people, technologies, and procedures to solve business problems? A. Information technology @2 Management information systems C Data D. Information’ 2. Which of the following represents the order of priority for the three primary organizational key resources? A. Information, people, information technology eople, information, information technology _ Information, information technology, people D‘ Information technology, people, information 3. What is data that has been converted into meaningful and useful context? a? Information B. Information technology C. Information systems D. All of the above 4. What does the Five Forces Model help determine the relative attractiveness of? A. An organization B. A company @An industry D. An investment 5. Which of the following is not one of Porter's Five Forces? A; Buyer power B. Supplier power @El‘hreat of substitute buyers D. Rivalry among existing competitors 6. Which of the following forces is commonly reduced through the use of a loyalty rogram? Buyer power B. Supplier power C. Threat of new entrants D. Rivalry among existing competitors 7. Which of the following represents buyer power in Porter's Five Forces Model? A. Low when buyers have many choices of Whom to buy from and high when their c oices are few . High when buyers have many choices of Whom to buy from and low when their choices are few C. Low when buyers have many customers of whom to buy from and low when their customers are few I). High when buyers have many customers of whom to buy from and low when their customers are few 8. 'ch of the following forces is commonly reduced through the use of switching costs? . uyer power B. Supplier power Threat of substitute products or services D. Rivalry among existing competitors 9. All of the following are part of Porter's Three Generic Strategies, except: A. Broad cost leadership Broad differentiation C. Focused strategy usiness process strategy 10. Which of the following can an orgamzation use to evaluate the effectiveness of its business processes? t A. Porter's Five Forces Model 8. Three generic strategies @ Value chain D. F irst-mover advantage strategy Number of correct answers: ...
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