Strategic Management and Value Chain Analysis Essay example

28614 Words Sep 15th, 2012 115 Pages
Chapter 01
Management Information Systems: Business Driven MIS

True / False Questions

1. Companies today are successful when they combine the power of the information age with traditional business methods.
True False

2. Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making.
True False

3. The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer.
True False

4. Technology provides countless business opportunities, but can also lead to pitfalls and
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A. Quantity sold
B. Date sold
C. Best selling item by month
D. All of the above

35. Which of the following is considered data?
A. Quantity sold
B. Best customer by month
C. Best selling item by month
D. Worst selling item by month

36. Cheryl Steffan is the operations manager for Nature's Bread Company, which specializes in providing natural products for health conscious individuals. Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day. Which of the following is an example of a piece of data Cheryl would be using to successfully perform her job?
A. Craig Newmark is customer number 15467.
B. Compare the costs of supplies including energy over the last five years to determine the best-selling product by month.
C. Best-selling product by day.
D. Best-selling product changes when Tony the best baker is working.

37. Cheryl Steffan is the operations manager for Nature's Bread Company, which specializes in providing natural products for health conscious individuals. Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day. Which of the following is an example of the type of information Cheryl would be using to successfully perform her job?
A. Craig Newmark is customer number 15467.
B. Compare the costs of

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