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Exam (elaborations)

MIS 2020: Practice Exam Questions and Correct Answers the Latest Update and Recommended Version

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  • MIS 2020

With the increasing presence of Internet e-commerce sites, the force of customers has leveled off. To evaluate an organization's internal opportunities and threats, management can conduct a PESTEL (political, economic, sociocultural, technological, environmental, and legal) analysis. False ...

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  • October 24, 2024
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  • MIS 2020
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MIS 2020: Practice Exam Questions and
Correct Answers the Latest Update and
Recommended Version
With the increasing presence of Internet e-commerce sites, the force of customers has

✓ leveled off.


To evaluate an organization's internal opportunities and threats, management can conduct a

PESTEL (political, economic, sociocultural, technological, environmental, and legal) analysis.

✓ False


A branch manager for a national car rental company is in the process of conducting a SWOT

analysis for her location. Which of the 5 Ps can she examine using the company's inventory

management system for its rental fleet?

✓ processes (activities that create value)


Actively encouraging any employee to halt production if a manufacturing error or safety risk

is observed is part of the training associated with the disruptive innovation model.

✓ False


In order to gain market share, a business must differentiate itself from its

✓ competitors.


Which of these is the "L" factor that managers examine while conducting a PESTEL analysis?




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✓ legal considerations


Which of the following do modern inventory systems ensure? More than one answer may be

selected.

✓ shelf-space optimization, minimization of stock obsolescence,profitability of product lines


When a large number of buyers seek to purchase a firm's products even when prices increase,

Porter's force of customers can be said to have

✓ weakened.


A business must not only look at its direct competitors, but also must contend with those firms

that offer a product that a consumer might alternatively choose. For example, McDonald's and

Burger King can be considered competitors and if one firm raises prices the other firm might

gain its customers. However, if both firms raise their prices, customers may choose to purchase

pizza instead. Porter refers to this as the force of

✓ substitutes.


Which element of a PESTEL analysis is represented by the use of data mining information from

the Bureau of Labor Statistics to gain insight into regional employment figures?

✓ economic


Which of the following is an example of something that would occur during the Measure and

Analyze steps of the Six Sigma process? More than one answer may be selected.




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✓ Determine the number of imperfect products that occurred at a manufacturing plant every
month

✓ Compare the number of imperfect products produced at two different manufacturing
plant locations and describe any procedural differences between the locations.

✓ Determine the different types of training that occur at different corporate locations.


Lean manufacturing techniques seek to eliminate waste in the production process; in contrast,

Six Sigma seeks to eliminate disruption.

✓ False


When conducting a SWOT analysis, an organization's human resource management system is

used to evaluate the relative strength or weakness of its

✓ personnel (workforce).


If McDonald's and Burger King raise prices too high, customers may switch from burgers to

tacos. This illustrates Porter's force of

✓ substitutes.


Just-in-time manufacturing and inventory management gained popularity in the 1980s and

sought to emulate the efficiencies of Korean automobile manufacturers.

✓ False


An international automobile manufacturer is concerned about how its global operations will be

impacted by changing government standards for auto emissions and fuel efficiency. Which




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