You are looking to buy a home that costs less than $700,000, but your real estate agent keeps sending you fliers for homes that cost $1,000,000 or more. This information is likely to be useless because it is

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1. Question
:

You are looking to buy a home that costs less than $700,000,
but your real estate agent keeps sending you fliers for homes that cost
$1,000,000 or more. This information is likely to be useless because it is:

inaccurate.

late.

irrelevant.

not reliable.

Question 2. Question
:

The ________ component of the five-component framework of an
information system includes individuals who maintain the data and support the
networks of computers.

procedural

people

data

networking

Question 3. Question
:

Which of the following is a low-tech information system?

An inventory tracking system that produces
reports every 24 hours

A file of email addresses stored in an email
program

A customer support system that keeps track of
product issues

A decision support system that analyzes
multiple variables

Question 4. Question
:

Which of the following pairs of components constitutes the
human side of information systems?

Software and procedures

Software and people

People
and procedures

Hardware and people

Question 5. Question
:

Which of the following best describes data?

Information presented in a meaningful context

Processed information

Recorded facts or figures

Knowledge derived from facts or figures

Question 6. Question
:

Graham & Hilda Corp. is a firm that offers enterprise
software solutions to independent retailers. The firm recently entered into a
contract with a major national retail chain to develop and implement
proprietary software that tracks inventory, restocking, and supplier
information. Which of the following actions will be most difficult to perform
when implementing the new information system?

Upgrading the computer systems used by the
retail chain

Writing the programs to create the software

Changing the structure of existing databases
that reflect supplier and customer data

Training the employees to use and manage the
new system

Question 7. Question
:

Drudgen Fitness Inc. is a fitness equipment provider that
markets its products through a chain of retail outlets in four states. As part
of its expansion strategy, the company decides to open outlets in four more
states and decides to revise its existing business processes. According to the
five-component model of information systems, which of the following processes
will be the least disruptive to the organization?

Collecting demographic data from the new
markets

Developing new CRM software for the existing
and new outlets

Relocating existing employees and hiring new
employees

Buying and installing new computers in the new
outlets

Question 8. Question
:

Which of the following ratios has fallen as a result of
Moore’s Law?

Price/performance

Demand/supply

Profit/loss

Debt/equity

Question 9. Question
:

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:

inbound logistics.

operations.

internal marketing.

Question 10. Question
:

Focused differentiation occurs when:

a better product is provided within an
industry segment.

there is limited competition in an industry.

the customers are highly price-sensitive.

product quality improves across an entire
industry.

Question 11. Question
:

According to Porter’s five forces model, in which of the
following situations would a supplier have the highest bargaining power?

A Houston-based vendor is the only supplier of
a patented material for many smartphone manufacturers

A fashion brand’s outlet catering to a niche
market

A restaurant that serves only army veterans

A large retailer buying finished goods from
many small suppliers

Question 12. Question
:

The difference between the total value added and the total
costs incurred is called the ________ of the value chain.

actual value

total margin

total revenue

gross turnover

Question 13. Question
:

Which of the following value chain activities involves
inducing buyers to purchase a product and providing a means for them to do so?

Inbound logistics

Operations

Sales and marketing

Outbound logistics

Question 14. Question
:

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

limited edition apparel.

industrial products.

patented drugs.

vintage cars.

Question 15. Question
:

Focused cost leadership is observed when a product has the
lowest cost:

within an industry segment.

across the product range offered by a company.

within
an industry.

within the supply chain of a company.

Question 16. Question
:

FunText is a company that owns an app used for text
messaging. It recently offered a membership extension of six months without any
additional charges to its existing customers who had registered for a
three-year membership. By doing this, which competitive strategy did FunText
implement?

Creation of a new service

Product differentiation

Locking in customers

Locking in suppliers

Question 17. Question
:

________ is used to install and update software, backup, and
restore mobile devices, wipe employer software and data from devices, report
usage, and provide other mobile device management data.

MDM software

A key logger

BYOD manager

A UX application

Question 18. Question
:

Which of the following statements is true of native
applications?

They only run on the operating system for
which they are programmed.

The cost of native applications is low.

They can be developed by less skilled,
lesser-paid employees.

The limits on these applications are usually
technological, not budget.

Question 19. Question
:

Which of the following memory devices is volatile in nature?

Magnetic disk

Cache

Hard drive

Optical disk

Question 20. Question
:

Machine code: