ANSWER: a
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66. Which decision is supported by a logistics information system (LIS)?
a. Predicting an organization’s future personnel needs
b. Minimizing capital investment risks
c. Determining portfolio structures
d. Selecting the best modes of transportation
ANSWER: d
67. Which information system is used to manage manufacturing resources?
a. An LIS.
b. An FIS.
c. An MFIS.
d. An HRIS.
ANSWER: c
68. Which decision is supported by a manufacturing information system (MFIS)?
a. Determination of portfolio structures
b. Analysis of price changes and discounts
c. Improvement of routing and delivery schedules
d. Monitoring of cost trends
ANSWER: b
69. Which decision is supported by a financial information system (FIS)?
a. Determining portfolio structures
b. Choosing the best job candidate
c. Improving routing and delivery schedules
d. Analyzing sales personnel
ANSWER: a
70. Which system supports sales forecasting?
a. Logistics information systems
b. Personnel information systems
c. Marketing information systems
d. Financial information systems
ANSWER: c
71. According to Michael Porter, which strategy can be followed by an organization to successfully compete in the marketplace?
a. Groupthink
b. Brainstorming
c. Simulation
d. Focus
ANSWER: d
72. _____ strategy was identified by Michael Porter, a professor at Harvard Business School, for successfully competing in the marketplace.
a. Transformational leadership
b. Differentiation
c. Groupthink collaboration
d. Simulation
ANSWER: b
73. In the context of using information technologies for a competitive advantage, which statement is true of a bottom-line strategy?
a. It focuses on improving efficiency by reducing overall costs.
b. It focuses on generating new revenue by offering new products and services.
c. It focuses on enhancing rivalry among existing competitors.
d. It focuses on helping different market segments achieve a cost advantage.
ANSWER: a
74. In the context of using information technologies for a competitive advantage, which statement is true of a top-line strategy?
a. It focuses on generating new revenue by offering new products and services.
b. It focuses on improving efficiency by reducing overall costs.
c. It focuses on refining operations by using latest technologies.
d. It focuses on helping different market segments achieve technological advancement.
ANSWER: a
75. In the context of using information technologies for a competitive advantage, a top-line strategy focuses on:
a. helping different market segments achieve technological advancement.
b. improving efficiency by reducing overall costs.
c. refining operations by using latest technologies.
d. increasing revenue by selling existing products to new customers.
ANSWER: d
76. A _____, identified by Michael Porter, helps organizations make their products and services distinct from their competitors.
a. simulation strategy
b. leadership strategy
c. focus strategy
d. differentiation strategy
ANSWER: d
77. _____ is high when customers have many choices and low when they have few choices.
a. Buyer power
b. Threat of new services
c. Rivalry among existing customers
d. Risk of substitute products
ANSWER: a
78. In the context of Porter’s Five Forces Model, an organization limits buyers’ choices by:
a. encouraging the use of the Internet to gather information about products.
b. launching duplicate products or services in the marketplace.
c. offering services that make it difficult for customers to switch.
d. charging market competitive rates for its products or services.