quiz1.docx

quiz1.docx

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quiz1

Question1

HowmanycomponentsarefoundinanAIS?

Chooseoneanswer.

c.six

Question2

Factsthatarecollected,recorded,storedandprocessedbyaninformationsystem

Chooseoneanswer.

b.Data

Question3

Anaccess-basedstrategicpositioninvolves

Chooseoneanswer.

d.servingasubsetofcustomerswhodifferfromothercustomers.

Question4

Informationis

Chooseoneanswer.

b.Datathathavebeenorganizedandprocessedtoprovidemeaningtoauser.

Question5

Marks:

1

Informationthatisfreefromerrororbiasandaccuratelyrepresentstheeventsoractivitiesoftheorganizationis

Chooseoneanswer.

c.Reliable

Question6

Marks:

1

RobinsonCrusoehasformedabusinessthatsellscarvedgourmetcoconuts.Hehashiredfiveemployees.ThemostseniorisFriday,whomanagesthecarvingprocess.Mondayisthenewestemployee.Shecollectsthecoconuts.Tuesday,asyoumightexpect,takescallsfromcurstomers,oops,Imeancustomers,whoareunhappywiththeircoconuts.Wednesdaytossesfinishedcoconutsintothesea,whereupontheydrifttothewholesaler.Thursdaysendssmokesignalstothewholesalerextollingthevirtuesofthelatestproductionrunofnutsthataredriftingacrossthebay.

WhichofthefollowingfunctionsinthevaluechainisFridayperforming?

b.Operations

Question7

Tri-Anything,Limited,isaBritishcompanyoperatinginNewYorkstate.Itoffersstylized,boutiquepublicrelationsservicestoupscaleretailersinquaintNewEnglandtowns.Amajorsourceofrevenueisaweeklynewsletterthatreportsoncurrentandprojectedtouristtravelandspendingpatterns.Preparationofthenewsletterrequiresstudyandanalysisofweatherconditions,economicactivity,andtravelcosts.Itisavailableatanannualsubscriptionrateof$299.99.Therearecurrently190subscribers.Preparationanddistributionofthenewslettercosts$12,000annually.Thevalueofinformationtosubscribersis:

Chooseoneanswer.

a.Atleast$300.00

Question8

Seperationofownershipanddecisionmanagementinfirmshasoccuredprimarydueto:

d.thefactthatasfirmsgrowlargerownerscannolongermanagethefirmbythemselves

Question9

Marks:

1

WhichofthefollowingstepsisNOTpartofthedecisionprocess（Fama&Jensen,1983）

Chooseoneanswer.

d.termination

Question10

Abusinessorexchangetransactionisbestdescribedas:

Chooseoneanswer.

b.anyeventwhicheffectsthefirm'sfinancialpositionandcanbereliablyrecorded

Question1

Marks:

1

Regardingdecisionscope,whichstatementbelowistrue?

b.Strategicplanningisconcernedwithestablishingorganizationalobjectivesandpoliciesforaccomplishingthoseobjectives.

Question2

Withinthevaluechainconceptualframework,AISisshownasasupportactivity.TheAISisofvaluetoanorganizationwhenitprovidesaccurateandtimelyinformationtohelpsupportthefiveprimaryvaluechainactivities.WhentheAISprovidesinformationinatimelyandaccuratemanner,itstandsasanexampleof

a.improveddecisionmaking.

b.improvingefficiency.

c.improvingthequalityandreducingthecostsofproductsorservices.

d.Alloftheabove

Question3

Astrategicpositionisimportanttothesuccessandgrowthofanyorganization.HarvardprofessorMichaelPorterhasidentifiedtwobasicbusinessstrategies.Whichstatementbelowisfalseregardingthesebasicstrategies?

b.Thetwobasicstrategicpositionsaremutuallyexclusive.

Question4

BalconyLandscapingmarketsitsuniqueservicestocondominiumresidentsinWestPalmBeach,Florida,whowanttomaintaingardensontheirbalconies.Theserviceincludeswatering,trimming,weeding,feeding,pestcontrol,and,ofcourse,thedesignandinstallationofbalconygardens.Whichofthefollowingbestdescribesthestrategyandstrategicpositionofthisbusiness?

Chooseoneanswer.

c.Productdifferentiationstrategycombinedwithanaccess-basedstrategicposition.

Question5

Budgetingandhumanresourcepracticesareexamplesof

Chooseoneanswer.

d.managementcontrol

Question6

Tri-Anything,Limited,isaBritishcompanyoperatinginNewYorkstate.Itoffersstylized,boutiquepublicrelationsservicestoupscaleretailersinquaintNewEnglandtowns.Amajorsourceofrevenueisaweeklynewsletterthatreportsoncurrentandprojectedtouristtravelandspendingpatterns.Preparationofthenewsletterrequiresstudyandanalysisofweatherconditions,economicactivity,andtravelcosts.Itisavailableatanannualsubscriptionrateof$299.99.Therearecurrently190subscribers.Preparationanddistributionofthenewslettercosts$12,000annually.Thevalueofinformationtosubscribersis: