1、Question 2 Facts that are collected, recorded, stored and processed by an information systemb. Data Question 3 An access-based strategic position involvesd. serving a subset of customers who differ from other customers. Question 4 Information isb. Data that have been organized and processed to provi
2、de meaning to a user. Question 5 Marks: 1 Information that is free from error or bias and accurately represents the events or activities of the organization isc. Reliable Question 6 Robinson Crusoe has formed a business that sells carved gourmet coconuts. He has hired five employees. The most senior
3、 is Friday, who manages the carving process. Monday is the newest employee. She collects the coconuts. Tuesday, as you might expect, takes calls from curstomers, oops, I mean customers, who are unhappy with their coconuts. Wednesday tosses finished coconuts into the sea, whereupon they drift to the
4、wholesaler. Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay.Which of the following functions in the value chain is Friday performing?b. Operations Question 7 Tri-Anything, Limited, is a British company operati
5、ng in New York state. It offers stylized, boutique public relations services to upscale retailers in quaint New England towns. A major source of revenue is a weekly newsletter that reports on current and projected tourist travel and spending patterns. Preparation of the newsletter requires study and
6、 analysis of weather conditions, economic activity, and travel costs. It is available at an annual subscription rate of $299.99. There are currently 190 subscribers. Preparation and distribution of the newsletter costs $12,000 annually. The value of information to subscribers is:a. At least $300.00
7、Question 8 Seperation of ownership and decision management in firms has occured primary due to:d. the fact that as firms grow larger owners can no longer manage the firm by themselves Question 9 Which of the following steps is NOT part of the decision process (Fama & Jensen, 1983)d. termination Ques
8、tion 10 A business or exchange transaction is best described as:b. any event which effects the firms financial position and can be reliably recorded Regarding decision scope, which statement below is true?b. Strategic planning is concerned with establishing organizational objectives and policies for
9、 accomplishing those objectives. Within the value chain conceptual framework, AIS is shown as a support activity. The AIS is of value to an organization when it provides accurate and timely information to help support the five primary value chain activities. When the AIS provides information in a ti
10、mely and accurate manner, it stands as an example ofa. improved decision making. b. improving efficiency. c. improving the quality and reducing the costs of products or services. d. All of the above A strategic position is important to the success and growth of any organization. Harvard professor Mi
11、chael Porter has identified two basic business strategies. Which statement below is false regarding these basic strategies?b. The two basic strategic positions are mutually exclusive. Balcony Landscaping markets its unique services to condominium residents in West Palm Beach, Florida, who want to ma
12、intain gardens on their balconies. The service includes watering, trimming, weeding, feeding, pest control, and, of course, the design and installation of balcony gardens. Which of the following best describes the strategy and strategic position of this business?c. Product differentiation strategy combined with an access-based strategic position. Budgeting and human resource practices are examples ofd. management control
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