IFSM 300 UMUC Quiz 1 Latest Update 2024-2025
Actual Exam with Questions and 100% Verified
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A strategic information system is one that attempts to do one or more of the following:
(select all that apply) - CORRECT ANSWER: *help an organization focus on a specific
market segment
*deliver a product or a service at a lower cost
*enable innovation
*deliver a product or service that is differentiated
According to the Five Forces Model developed by Harvard Business professor Michael
Porter, all of the following are major factors that determine a company's standing in an
industry, except for which one? - CORRECT ANSWER: Political and/or economic
factors
Are there any direct variables that have no effect on a business' competitive position? -
CORRECT ANSWER: No
Highly qualified vendors, consultants, and IT departments are the most important
elements for the successful implementation of enterprise
technologies. - CORRECT ANSWER: False
In a business like Walmart, which of the following groups of variables has the most
impact on their competitive position? - CORRECT ANSWER: suppliers, customers,
location, employees
Of the following, which factor is least crucial to the ability of a company to maintain its
competitive position? - CORRECT ANSWER: Employees benefits
True or False: According to Michael Porter, the Internet has the effect of lowering overall
profitability. - CORRECT ANSWER: True
, True or false: Early research could not draw any connections between IT and
profitability, but later research has shown that the impact can be positive - CORRECT
ANSWER: True
True or False: The data show that IT has reduced the differences among companies. -
CORRECT ANSWER: False
Web 2.0 is exemplified by which of the following? (select all that apply) - CORRECT
ANSWER: Blogging, social networking, interactive comments
Which of the following are components of an information system? (select all that apply) -
CORRECT ANSWER: Data, Hardware, People, Process, Software
Which of the following are the two primary methods for obtaining competitive advantage
described by Michael Porter? - CORRECT ANSWER: *cost advantage
*differentiation advantage
Which of the following groups of variables are all direct variables? - CORRECT
ANSWER: supplier, customers, employees, location
Which of the following is defined as a series of activities undertaken by the company to
produce a product or service? - CORRECT ANSWER: value chain
Which of the following is defined as the ability of customers to drive down the price of
goods and services? - CORRECT ANSWER: buyer power or the bargaining power of
customers
Which of the following is exemplified by customers finding a different way to get the
product or service? - CORRECT ANSWER: threat of substitute product or services
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