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Chapter 01 Management Information Systems: Business Driven MIS




Question;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 traps for a business.;True False;5. Top managers use social intelligence to define the;future of the business, analyzing markets, industries, and economies to;determine the strategic direction the company must follow to remain;unprofitable.;True False;6. A variable is a business intelligence characteristic;that stands for a value that cannot change over time.;True False;7. Companies update business strategies continuously;as internal and external environments change.;True False;8. For an organization to succeed, every department or;functional area must work independently to be most effective.;True False;9. Porter's Five Forces Model outlines the process for;a sales strategy.;True False;10. With the Five Forces Model, companies should watch;the forces in the market. If the forces are strong, competition generally;increases, and if the forces are weak, competition typically decreases.;True False


Paper#55226 | Written in 18-Jul-2015

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