Chapter 01 Management Information Systems: Business Driven MIS

1. Companies today are successful when they combine
the power of the information age with traditional business methods.
True False

2. Competitive intelligence is information collected
from multiple sources such as suppliers, customers, competitors, partners, and
industries that analyzes patterns, trends, and relationships for strategic
decision making.
True False

3. The information age is the present time, during
which infinite quantities of facts are widely available to anyone who can use a
computer.
True False

4. Technology provides countless business
opportunities, but can also lead to pitfalls and traps for a business.
True False

5. Top managers use social intelligence to define the
future of the business, analyzing markets, industries, and economies to
determine the strategic direction the company must follow to remain
unprofitable.
True False

6. A variable is a business intelligence characteristic
that stands for a value that cannot change over time.
True False

7. Companies update business strategies continuously
as internal and external environments change.
True False

8. For an organization to succeed, every department or
functional area must work independently to be most effective.
True False

9. Porter’s Five Forces Model outlines the process for
a sales strategy.
True False

10. With the Five Forces Model, companies should watch
the forces in the market. If the forces are strong, competition generally
increases, and if the forces are weak, competition typically decreases.
True False