Question 1

In mass customization, companies produce items in large quantity, but they tailor the items to meet the desires and needs of individual customers.

Accepted Answer

A) True 
 B)False

Question 2

Productivity is the result of optimizing operations and supplier processes.

Accepted Answer

A) True 
 B)False

Question 3

For many organizations, business process reengineering:

Accepted Answer

A)  is easy to implement.
B)  is not disruptive to implement.
C)  has little impact on facilities.
D)  is inexpensive.
E)  has a major impact on the corporate culture.F) C) and D)
G) B) and C)

Question 4

WestJet's low-cost, short-haul strategy is an example of which strategy for competitive advantage?

Accepted Answer

A)  Cost leadership
B)  Differentiation
C)  Innovation
D)  Operational effectiveness
E)  Customer-orientationF) A) and B)
G) None of the above

Question 5

Business pressures on organizations are created when there are changes in:

Accepted Answer

A)  Social factors
B)  Economic factors
C)  Legal factors
D)  Political factors
E)  Changes in all of these will create business pressures.F) A) and D)
G) C) and E)

Question 6

Which of the following is not a cause of inadequate alignment between IT and business?

Accepted Answer

A)  Lack of communication
B)  Different objectives
C)  Not understanding each group's expertise
D)  Lack of IT knowledge on the part of the business executives
E)  Lack of fundsF) A) and B)
G) A) and E)

Question 7

Applying copyrights and trademarks is an example of a(n) :

Accepted Answer

A)  Accounting business process
B)  Finance business process
C)  Marketing business process
D)  Production business process
E)  Management information systems business processF) A) and B)
G) B) and E)

Question 8

Explain what a business environment is and what factors within the environment put pressure on the business.

Accepted Answer

The answer of Explain what a business environment is and...

Question 9

Spending to protect against terrorism is an example of __________ pressure.

Accepted Answer

A)  economic
B)  market
C)  social
D)  technologyE) B) and C)
F) B) and D)

Question 10

Customer satisfaction is the result of optimizing and aligning business processes to fulfill customers' needs, wants, and desires.

Accepted Answer

A) True 
 B)False

Question 11

One of the key benefits of the App developed by NASCAR is the cumulative value of the collected data that includes information on the pre-race inspections of all vehicles is collected and stored in real time. What can NASCAR executives identify with this data?

Accepted Answer

A)  Trends and patterns to help maintain a level playing field for all racers
B)  Information that can lead to a better tax strategy
C)  Identification of customer profiles
D)  Marketing information for better pricing strategy
E)  Financial information for cost analysisF) A) and E)
G) B) and C)

Question 12

If there are ______ substitutes for an organization's products or services, then the threat of substitutes is _______.

Accepted Answer

A)  many, high
B)  few, low
C)  few, high
D)  many, low
E)  few, negligibleF) B) and D)
G) B) and E)

Question 13

Discuss why the variable cost of digital products is extremely low.

Accepted Answer

The answer of Discuss why the variable cost of digital...

Question 14

The business environment refers to the industry that a company is in.

Accepted Answer

A) True 
 B)False

Question 15

An entry barrier is a long-term competitive advantage.

Accepted Answer

A) True 
 B)False

Question 16

A business process can be a liability.

Accepted Answer

A) True 
 B)False

Question 17

The bargaining power of suppliers is low when their buyers have few choices.

Accepted Answer

A) True 
 B)False

Question 18

The threat of competitors' entering a market is very high in industries that perform a(n) _____ role and in industries where the primary product or service is _____.

Accepted Answer

A)  intermediation, physical
B)  broker, physical
C)  sales, financial
D)  financial, digital
E)  intermediation, digitalF) A) and D)
G) C) and D)

Question 19

The visibility of Internet applications on the Web makes proprietary systems more difficult to keep secret. This is an example of which of Porter's five forces?

Accepted Answer

A)  Threat of entry of new competitors
B)  Bargaining power of suppliers
C)  Bargaining power of customers
D)  Threat of substitute products
E)  Rivalry among existing firms in an industryF) All of the above
G) B) and D)

Question 20

Which strategy for competitive advantage improves the manner in which internal business processes are executed so that a firm performs similar activities better than its rivals?

Accepted Answer

A)  Cost leadership
B)  Differentiation
C)  Innovation
D)  Operational effectivenessE) B) and C)
F) All of the above

Exam 2: Organizational Strategy, Competitive Advantage, and Information Systems

An entry barrier is a long-term competitive advantage.

Correct AnswerverifiedShow Answer

In mass customization, companies produce items in large quantity, but they tailor the items to meet the desires and needs of individual customers.

Correct AnswerverifiedShow Answer

Discuss why the variable cost of digital products is extremely low.

Correct AnswerverifiedShow Answer

The threat of competitors' entering a market is very high in industries that perform a(n) _____ role and in industries where the primary product or service is _____.

Correct AnswerverifiedShow Answer

For many organizations, business process reengineering:

Correct AnswerverifiedShow Answer

Which strategy for competitive advantage improves the manner in which internal business processes are executed so that a firm performs similar activities better than its rivals?

Correct AnswerverifiedShow Answer

Customer satisfaction is the result of optimizing and aligning business processes to fulfill customers' needs, wants, and desires.

Correct AnswerverifiedShow Answer

The visibility of Internet applications on the Web makes proprietary systems more difficult to keep secret. This is an example of which of Porter's five forces?

Correct AnswerverifiedShow Answer

If there are ______ substitutes for an organization's products or services, then the threat of substitutes is _______.

Correct AnswerverifiedShow Answer

Applying copyrights and trademarks is an example of a(n) :

Correct AnswerverifiedShow Answer

A business process can be a liability.

Correct AnswerverifiedShow Answer

The business environment refers to the industry that a company is in.

Correct AnswerverifiedShow Answer

WestJet's low-cost, short-haul strategy is an example of which strategy for competitive advantage?

Correct AnswerverifiedShow Answer

Explain what a business environment is and what factors within the environment put pressure on the business.

Correct AnswerverifiedShow Answer

Productivity is the result of optimizing operations and supplier processes.

Correct AnswerverifiedShow Answer

Business pressures on organizations are created when there are changes in:

Correct AnswerverifiedShow Answer

One of the key benefits of the App developed by NASCAR is the cumulative value of the collected data that includes information on the pre-race inspections of all vehicles is collected and stored in real time. What can NASCAR executives identify with this data?

Correct AnswerverifiedShow Answer

Which of the following is not a cause of inadequate alignment between IT and business?

Correct AnswerverifiedShow Answer

Spending to protect against terrorism is an example of __________ pressure.

Correct AnswerverifiedShow Answer

The bargaining power of suppliers is low when their buyers have few choices.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

The threat of competitors' entering a market is very high in industries that perform a(n) _ role and in industries where the primary product or service is _.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

If there are substitutes for an organization's products or services, then the threat of substitutes is _.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified