Practice Exam 1

Question 1

According to Moore’s Law, the

Answer 1

number of transistors per square inch on an integrated chip doubles every 18 months

Question 2

skill that is most likely to outsourced to the lowest bidder

Answer 2

accounting skills

Question 3

A manager will essentially require ________ skills to test ideas clearly on a small scale, before taking bigger risks or committing significant resources to a larger project.

Answer 3

experimentation

Question 4

Meredith constantly analyzes her work in terms of her individual contribution that she makes to the overall output of the organization. This shows her ________ skills.

Answer 4

systems thinking

Question 5

Erin is a manager for a reputed software firm. She typically monitors and evaluates the existing working procedures of her subordinates. She constantly changes these working procedures so that they are consistent with the company’s resources. This shows her ability to ________.

Answer 5

experiment

Question 6

An operating system like Windows or Linux is an example of the ________ component of an information system.

Answer 6

software

Question 7

Adobe Acrobat is an application that allows users to create and edit digital documents. This is an example of ________.

Answer 7

software

Question 8

A student fills an online admission form to register for a particular course. This is an example of the ________ component of the information system.

Answer 8

data

Question 9

what pair of components constitutes the computer side of information systems?

Answer 9

hardware and software

Question 10

What pair of components constitutes the human side of information systems?

Answer 10

people and procedures

Question 11

It is generally more difficult to make changes to the ________ of an information system than to the database itself.

Answer 11

procedures

Question 12

Identify a statement that differentiates information technology from information systems.

Answer 12

One can buy information technology, but not information systems.

Question 13

what is a component of an information system but not part of information technology

Answer 13

people

Question 14

description of information

Answer 14

knowledge derived from data

Question 15

data should be a relationship between

Answer 15

the cost of data and its value

Question 16

key difference between collaboration and cooperation

Answer 16

Unlike cooperation, collaboration emphasizes iteration and feedback.

Question 17

A student team, which is assigned a term project, works together to achieve results. They provide continuous feedback to each other and thus, complete the project. Which of the following is being illustrated in this activity?

Answer 17

collaboration

Question 18

Project leaders have to make decisions on the allocation and utilization of materials and labor. Such decisions are called ________ decisions.

Answer 18

managerial

Question 19

an example of a strategic decision

Answer 19

deciding to open a centralized distribution system

Question 20

key difference between strategic decisions and managerial decisions?

Answer 20

Managerial decisions concern allocation and utilization of resources, whereas strategic decisions concern broad organizational issues.

Question 21

The directors of a company meet to decide if they should start a new product line or not. This is an example of a(n) ________ decision.

Answer 21

managerial

Question 22

Identify a key difference between managerial decisions and operational decisions.

Answer 22

Managerial decisions concern the allocation of resources, whereas operational decisions concern day-to-day activities

Question 23

An organization uses a formula to compute the reorder quantity of an item in inventory. This is an example of a(n) ________ decision process.

Answer 23

structured

Question 24

example of a question that is best answered through unstructured decision making?

Answer 24

Should we continue to outsource our bookkeeping processes?

Question 25

Identify a task that should be performed during the planning phase of project management.

Answer 25

determining the schedule

Question 26

Project data is data that is ________.

Answer 26

part of the collaboration’s work product

Question 27

According to Hackman’s three criteria for team success, which of the following IS requirements will be categorized under the growth in team capability criterion?

Answer 27

supporting intra-team training

Question 28

Version management systems provide ________.

Answer 28

features and functions to accommodate concurrent work

Question 29

example of comprehensive tool for communication?

Answer 29

Microsoft Lync

Question 30

According to Hackman’s three criteria for team success, which of the following IS requirements will be categorized under the meaningful and satisfying experience criterion?

Answer 30

rewarding accomplishment

Question 31

Project teams should document project results and information for future teams. Which of the following is the project management phase in which the teams perform this function?

Answer 31

finalizing

Question 32

what factor determines the structure, features, and functions of an information system used in a company?

Answer 32

the competitive strategy

Question 33

Porter’s five forces model is used to assess ________.

Answer 33

industry structures

Question 34

A new drug that has shown promise in curing skin cancer has been discovered by a famous chemical laboratory. This is the only known drug effective for treatment of this disease. The laboratory obtains a patent for the product and decides to sell it. This situation is characterized by

Answer 34

low threat of substitutions

Question 35

According to Porter’s five forces model, a group of grain farmers in a surplus year will have reduced ________.

Answer 35

bargaining power

Question 36

Bargaining power of customers is likely to be the highest for markets involving ________.

Answer 36

industrial products

Question 37

The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter’s five forces model, this statement illustrates ________.

Answer 37

high levels of rivalry

Question 38

Dynotrix Motors is a large car-manufacturing company. The company purchases raw materials from many small-sized sellers across the globe. In this case, Dynotrix Motors is characterized by ________.

Answer 38

high bargaining power over its suppliers

Question 39

Focused differentiation occurs when ________.

Answer 39

a better product is provided within an industry segment

Question 40

Focused cost leadership is observed when a product has the lowest cost ________.

Answer 40

within an industry segment

Question 41

Porter defined value as the ________.

Answer 41

amount of money that a customer is willing to pay for an offering

Question 42

A retail company sells products such as agricultural produce and consumer products. The company procures materials from farmers and local producers. This process of obtaining the inputs needed for a business is called ________.

Answer 42

inbound logistics

Question 43

Which value chain activity involves transforming raw materials into a finished product or service?

Answer 43

operations

Question 44

Which value chain activity involves inducing buyers to purchase a product and providing a means for them to do so?

Answer 44

sales and marketing

Question 45

Which value chain activity involves assisting users with handling of the products after sale, thus maintaining and enhancing the products’ value?

Answer 45

customer service

Question 46

A ________ is a collection of something, such as data and raw materials.

Answer 46

repository