KEYWORDS:
Remember
DATE CREATED:
6/6/2018 3:56 PM
DATE MODIFIED:
7/23/2018 12:50 PM
77. A comprehensive framework called the ____ was created by Harvard Business School’s Michael Porter for analyzing an organization, its position in the marketplace, and how information systems could be used to make the organization more competitive.
a.
Five Forces Model
b.
Six Sigma Model
c.
Three Pyramid Model
d.
Four Resources Model
ANSWER:
a
RATIONALE:
Harvard Business School’s Michael Porter created a comprehensive framework called the Five Forces Model for analyzing an organization, its position in the marketplace, and how information systems could be used to make the organization more competitive. See 1-6: Using Information Systems and Information Technologies
POINTS:
1
DIFFICULTY:
Easy
REFERENCES:
Explain the Five Forces Model and strategies for gaining a competitive advantage.
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
MIS9.BIDG.19.01.09
TOPICS:
Five Forces Model
KEYWORDS:
Remember
DATE CREATED:
6/6/2018 3:56 PM
DATE MODIFIED:
7/23/2018 12:24 PM
78. ____ is one of the forces of the Five Forces Model created by Michael Porter.
a.
Rivalry among customers
b.
Government regulations
c.
Threat of new entrants
d.
Taxable services
ANSWER:
c
RATIONALE:
The five forces in the Five Forces Model created by Michael Porter are buyer power, supplier power, threat of substitute products or services, threat of new entrants, and rivalry among existing competitors. See 1-6: Using Information Systems and Information Technologies
POINTS:
1
DIFFICULTY:
Easy
REFERENCES:
Explain the Five Forces Model and strategies for gaining a competitive advantage.
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
MIS9.BIDG.19.01.09
TOPICS:
Five Forces Model
KEYWORDS:
Remember
DATE CREATED:
6/6/2018 3:56 PM
DATE MODIFIED:
7/23/2018 12:24 PM
79. According to Porter’s Five Forces Model, ____ is low when customers have more options.
a.
supplier power
b.
buyer power
c.
new entrant power
d.
competitor power
ANSWER:
a
RATIONALE:
According to Porter’s Five Forces Model, supplier power is high when customers have fewer options and low when customers have more options. Organizations might use information systems to make their products and services cheaper or to offer more services in order to distinguish themselves from competitors. See 1-6: Using Information Systems and Information Technologies
POINTS:
1
DIFFICULTY:
Easy
REFERENCES:
Explain the Five Forces Model and strategies for gaining a competitive advantage.
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
MIS9.BIDG.19.01.09
TOPICS:
Five Forces Model
KEYWORDS:
Remember
DATE CREATED:
6/6/2018 3:56 PM
DATE MODIFIED:
7/23/2018 12:24 PM
80. In the context of the IT job market, the top information systems job belongs to the ____.
a.
computer programmer
b.
systems analyst
c.
webmaster
d.
chief technology officer
ANSWER:
d
RATIONALE:
The top information systems job belongs to either the chief technology officer or the chief information officer. This person oversees long-range planning and keeps an eye on new developments in the field that can affect a company’s success. See 1-7: The IT Job Market