IFSM 300 UMUC Quiz 1 Latest Update -

IFSM 300 UMUC Quiz 1 Latest Update - Actual Exam with Questions and 100% Verified Correct Answers Guaranteed A+ 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 1 / 2

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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