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IFSM 300 Quiz 1- Questions and Answers
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IFSM 300 Quiz 1- Questions and Answers
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IFSM 300 Quiz 1- Questions andAnswers
What business approach has enabled Walmart to drive prices down and react to market
conditions more quickly? Correct Ans-Supply chain management system
Which use of the Internet could have a negative impact on a company's competitive position?
Correct Ans-allowing potential customers to find possible substitute products
Which of the following are advantages of globalization? (select all that apply) Correct Ans-
Ability to draw from an international labor pool
Expanded market for an organization's products and services
Which of the following statements are true of Decision Support Systems (DSS)? (select all that
apply) Correct Ans-DSSs can exist at different levels of decision-making with the
organization, from the CEO to the first-level managers.
A decision support system (DSS) is an information system built to help an organization make a
specific decision or set of decisions.
DSSs are designed to take inputs regarding a known (or partially-known) decision-making
process and provide the information necessary to make a decision.
Which of the following are components of an information system? (select all that apply)
Correct Ans-hardware
people
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