Information, Variables & Competitive Strategy in MIS
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Information, Variables & Competitive Strategy
Question 1: Which represents information?
Which of the below represents information?
- A) Data converted into a meaningful and useful context
- B) Data characteristic that stands for a value that changes or varies over time
- C) Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making
- D) Skills, experience, and expertise, coupled with information and intelligence that creates a person's intellectual resources
Question 2: Which represents a variable?
Which of the below represents a variable?
- A) Data converted into a meaningful and useful context
- B) Data characteristic that stands for a value that changes or varies over time
- C) Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making
- D) Skills, experience, and expertise, coupled with information and intelligence that creates a person's intellectual resources
Question 3: Integration of company operations
Successful companies operate ______________, integrating the operations of all departments.
- A) independently
- B) cross-functionally
- C) departmentally
- D) dependently
Question 4: What returns and modifies actions?
What is information that returns to its original transmitter and modifies the transmitter's actions?
- A) Feedback
- B) Input
- C) Management information systems
- D) Systems thinking
Question 5: Who manages company knowledge?
Who is responsible for collecting, maintaining, and distributing company knowledge?
- A) CIO
- B) CKO
- C) CSO
- D) CPO
Question 6: Not part of Porter's Five Forces
Which of the below is not one of Porter's Five Forces?
- A) Buyer power
- B) Supplier power
- C) Threat of substitute products or services
- D) Threat of managers
Question 7: One of Porter's generic strategies
Which of the following is one of Porter's three generic strategies?
- A) Supplier power
- B) Focused strategy
- C) Value chain analysis
- D) Business process