IFSM 300 IFSM300 WEEK 1 QUIZ RESULTS (2020) - UMUC

 IFSM 300 IFSM300 WEEK 1 QUIZ RESULTS (2020) - UMUC

 

 

 

DOWNLOAD HERE⬊

https://studentoffortunefix.com/collections/papers/products/ifsm-300-ifsm300-week-1-quiz-results-2020-umuc

 

UMUC IFSM 300 Week 1 Quiz Results (2020)

Which of the following is exemplified by customers finding a different way to get the product or service?

	barriers to entry
	rivalry among competitors
	customer disloyalty
	threat of substitute product or services

 

Question 2

1 / 1 point

Which of the following is defined as the ability of customers to drive down the price of goods and services?

	buyer power or the bargaining power of customers
	threat of price reduction
	rivalry among competitors
	supplier power
View Feedback

 

Question 3

1 / 1 point

Which of the following are advantages of globalization?  (select all that apply)

	Ability to draw from an international labor pool
	Seamless ability to ship world-wide
	Compatible world-wide infrastructure
	Expanded market for an organization's products and services.
View Feedback

 

Question 4

1 / 1 point

Identify the correct sequence of events in organizational strategic planning.

	Mission, Available Technology, Objectives, Environmental Analysis
	Available Technology, Goals, Mission, Objectives
	Mission, Environmental Analysis, Goals, Objectives
	Goals, Processes, Technology, Profits
View Feedback

 

Question 5

1 / 1 point

A strategic information system is one that attempts to do one or more of the following: (select all that apply)

	enable innovation
	deliver a product or service that is differentiated
	help an organization focus on a specific market segment
	deliver a product or a service at a lower cost
View Feedback

 

Question 6

1 / 1 point

Which of the following are components of an information system?  (select all that apply)

	people
	process
	data
	hardware
	software
View Feedback

 

Question 7

1 / 1 point

Which use of the Internet could have a negative impact on a company's competitive position?

	allowing potential customers to find possible substitute products
	allowing potential customers to learn about the company's products and services
	providing an easy method to facilitate product orders to flow to the suppliers
	allowing a company to monitor patent infringement by other companies
View Feedback

 

Question 8

1 / 1 point

Which of the following is defined as a series of activities undertaken by the company to add worth or importance to a product or service?

	value chain
	competitive advantage
	business processes
	strategic direction
View Feedback

 

Question 9

1 / 1 point

The term "digital divide" refers to:

	Global access to the Internet
	The separation of those who have access to the global network and those who do not
	Equal access to technology solutions
	City-wide Internet access
View Feedback

 

Question 10

1 / 1 point

What business approach has enabled Walmart to drive prices down and react to market conditions more quickly?

	Store location
	Supply chain management system
	Increased direct marketing
	Employee benefit packages
View Feedback

 

Question 11

1 / 1 point

Which of the following are critical in today’s business world?  (select all that apply)

	Identifying how an information system can provide competitive advantage
	Understanding how businesses use technology for strategic advantage
	Ability to identify business opportunities that can be supported by information technology.
	Understanding how organizations translate their high-level mission into specific objectives and align with technology solutions
View Feedback

 

Question 12

1 / 1 point

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?

	Political and/or economic factors
	Threat of substitute products/services
	Threat of entry of new competitors
	Bargaining power of suppliers
View Feedback

 

Question 13

1 / 1 point

Which of the following are the two primary methods for obtaining competitive advantage described by Michael Porter? (select the two that apply)

	A)  cost advantage
	B)  advantage of bringing new products to market
	C)  differentiation advantage
	D)  value chain creation
View Feedback

 

Question 14

1 / 1 point

True or false:  Highly qualified vendors, consultants, and IT departments are the most important elements for the successful implementation of enterprise technologies.

		True
		False
View Feedback

 

Question 15

1 / 1 point

Which of the following statements are true of Decision Support Systems (DSS)?  (select all that apply)

	DSSs are used only at the executive level and are used to make all strategic decisions.
	DSSs are designed to take inputs regarding a known (or partially-known) decision-making process and provide the information necessary to make a decision.
	A decision support system (DSS) is an information system built to help an organization make a specific decision or set of decisions.
	DSSs can exist at different levels of decision-making with the organization, from the CEO to the first-level managers.