IS 4410 Quiz #3

27 November 2022
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10 test answers

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question
The structure of business processes determines the design of supporting information systems. A. True B. False
answer
A. True
question
A business that selects a differentiation strategy would necessarily structure itself around least-cost activities. A. True B. False
answer
B. False
question
Supporting functions of the value chain generally do not add value to the product. A. True B. False
answer
B. False
question
Which of the following represent the correct sequence of events in the value chain? A. competitive strategy; value chain; business process; information systems B. business process; information systems; value chain; competitive strategy C. value chain; competitive strategy; information process; business process D. information systems; business process; competitive strategy; value chain
answer
A. competitive strategy; value chain; business process; information systems
question
An organization responds to the structure of its industry by choosing a competitive strategy. A. True B. False
answer
A. True
question
Porter defined ________ as the amount of money that a customer is willing to pay for a resource, product, or service. A. price B. premium C. value D. markup
answer
C. value
question
The net result of the difference between the total value added and the total costs incurred is the ________ of the chain. A. value B. total margin C. total premium D. profit
answer
B. total margin
question
A generic value chain consists of five primary activities and four support activities. A. True B. False
answer
A. True
question
An organization's goals and objectives are determined by its ________. A. information systems B. business processes C. competitive strategy D. brand image
answer
C. competitive strategy
question
Business process design favors the creation of new, more efficient business processes that integrate the activities of all departments involved in a value chain. A. True B. False
answer
A. True