Question 1

A(n)  _____ is a collection of related activities that produce a product or a service of value to an organization.

Accepted Answer

A)   workflow pattern
B)   business process
C)   supply chain
D)   information system
E)   management techniqueF) A) and E)
G) C) and D)

Question 2

According to McKinsey & Co, the root cause of companies' inability to align their IT and their business goals is the lack of knowledge and communication.

Accepted Answer

A) True 
 B)False

Question 3

In recent years, companies such as Walmart and Amazon.com have offered streaming videos for rent on their Web sites. This is another example of how new technology has (check all that apply) :

Accepted Answer

A)   Increased the threat of new entrants.
B)   Increased the threat of substitute products.
C)   Increased the supplier's bargaining power.
D)   Decreased the buyer's bargaining power.E) B) and C)
F) B) and D)

Question 4

The Internet can both reduce and increase the bargaining power of suppliers, depending on the specific circumstances.

Accepted Answer

A) True 
 B)False

Question 5

All business processes must be owned by one and only one functional area in any organization.

Accepted Answer

A) True 
 B)False  False

Question 6

Organizations depend on IT to facilitate their transition to the globalization of their operations.

Accepted Answer

A) True 
 B)False

Question 7

Selecting and adhering to a single competitive strategy is sufficient to counter all of Porter's five forces and be successful in the long term.

Accepted Answer

A) True 
 B)False  False

Question 8

In today's business environment, it is rare for a company not to have a significant Web presence. This trend can be attributed primarily to:

Accepted Answer

A)   Social responsibility.
B)   Technological pressures.
C)   Government regulations.
D)   None of these.E) A) and B)
F) All of the above

Question 9

Business process management includes methods and tools to support the design, analysis, implementation, management, and optimization of business processes.

Accepted Answer

A) True 
 B)False  True

Question 10

The goals of business process reengineering are to (check all that apply) :

Accepted Answer

A)   Reduce waste.
B)   Increase customer satisfaction.
C)   Increase cycle time.
D)   Increase productivity.
E)   Optimize operations.F) B) and D)
G) B) and E)

Question 11

Business-IT alignment refers to the synchronization of a company's IT operations with its:

Accepted Answer

A)   Business processes.
B)   Business objectives.
C)   Infrastructure.
D)   Business environment.E) C) and D)
F) A) and B)

Question 12

The Internet reduces the barriers of entry for new competitors in an established industry.

Accepted Answer

A) True 
 B)False

Exam 2: Organizational Strategy, Competitive Advantage, and Information Systems

A(n) _____ is a collection of related activities that produce a product or a service of value to an organization.

Correct Answer
verified

According to McKinsey & Co, the root cause of companies' inability to align their IT and their business goals is the lack of knowledge and communication.

Correct Answer
verified

In recent years, companies such as Walmart and Amazon.com have offered streaming videos for rent on their Web sites. This is another example of how new technology has (check all that apply) :

Correct Answer
verified

The Internet can both reduce and increase the bargaining power of suppliers, depending on the specific circumstances.

Correct Answer
verified

All business processes must be owned by one and only one functional area in any organization.

Correct Answer
verified
False

Organizations depend on IT to facilitate their transition to the globalization of their operations.

Correct Answer
verified

Selecting and adhering to a single competitive strategy is sufficient to counter all of Porter's five forces and be successful in the long term.

Correct Answer
verified
False

In today's business environment, it is rare for a company not to have a significant Web presence. This trend can be attributed primarily to:

Correct Answer
verified

Business process management includes methods and tools to support the design, analysis, implementation, management, and optimization of business processes.

Correct Answer
verified
True

The goals of business process reengineering are to (check all that apply) :

Correct Answer
verified

Business-IT alignment refers to the synchronization of a company's IT operations with its:

Correct Answer
verified

The Internet reduces the barriers of entry for new competitors in an established industry.

Correct Answer
verified

Exam 2: Organizational Strategy, Competitive Advantage, and Information Systems

A(n) _____ is a collection of related activities that produce a product or a service of value to an organization.

Correct AnswerverifiedShow Answer

According to McKinsey & Co, the root cause of companies' inability to align their IT and their business goals is the lack of knowledge and communication.

Correct AnswerverifiedShow Answer

In recent years, companies such as Walmart and Amazon.com have offered streaming videos for rent on their Web sites. This is another example of how new technology has (check all that apply) :

Correct AnswerverifiedShow Answer

The Internet can both reduce and increase the bargaining power of suppliers, depending on the specific circumstances.

Correct AnswerverifiedShow Answer

All business processes must be owned by one and only one functional area in any organization.

Correct AnswerverifiedFalse

Organizations depend on IT to facilitate their transition to the globalization of their operations.

Correct AnswerverifiedShow Answer

Selecting and adhering to a single competitive strategy is sufficient to counter all of Porter's five forces and be successful in the long term.

Correct AnswerverifiedFalse

In today's business environment, it is rare for a company not to have a significant Web presence. This trend can be attributed primarily to:

Correct AnswerverifiedShow Answer

Business process management includes methods and tools to support the design, analysis, implementation, management, and optimization of business processes.

Correct AnswerverifiedTrue

The goals of business process reengineering are to (check all that apply) :

Correct AnswerverifiedShow Answer

Business-IT alignment refers to the synchronization of a company's IT operations with its:

Correct AnswerverifiedShow Answer

The Internet reduces the barriers of entry for new competitors in an established industry.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
False

Correct Answer
verified

Correct Answer
verified
False

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
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