Question 1

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):&#10;A) Increased the threat of new entrants.&#10;B) Increased the threat of substitute products.&#10;C) Increased the supplier's bargaining power.&#10;D) Decreased the buyer's bargaining power.

Accepted Answer

The introduction of streaming videos by companies like Walmart and Amazon.com has increased the threat of new entrants by lowering barriers to entry in the digital content market. It has also increased the threat of substitute products as consumers have more options for streaming services, reducing reliance on traditional media.

Question 2

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

Accepted Answer

Business processes can involve multiple functional areas and should be reviewed and optimized collaboratively across different teams to ensure efficiency and effectiveness.

Question 3

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

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

Question 4

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

Accepted Answer

The internet can provide suppliers with increased access to markets and potential customers, which can increase their bargaining power. However, it can also increase competition and provide buyers with more information and options, which can reduce the bargaining power of suppliers. The impact of the internet on supplier bargaining power will depend on the industry, market, and specific circumstances.

Question 5

Business-IT alignment refers to the synchronization of a company's IT operations with its:&#10;A) Business processes.&#10;B) Business objectives.&#10;C) Infrastructure.&#10;D) Business environment.

Accepted Answer

Business-IT alignment is about ensuring that the technology strategies and systems enable the business to achieve its objectives. Therefore, the synchronization of IT operations must always be aligned with the business's long-term goals, and its activities must support and enhance these goals.

Question 6

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

Accepted Answer

IT has become a critical component of organizations' operations, allowing them to communicate, operate, and coordinate with other parts of the world more efficiently. Therefore, IT plays an essential role in facilitating the globalization of organizations.

Question 7

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:&#10;A) Social responsibility.&#10;B) Technological pressures.&#10;C) Government regulations.&#10;D) None of these.

Accepted Answer

The trend of having a significant Web presence is primarily driven by technological pressures - the increasing use of technology and the internet in everyday life and the need for businesses to adapt and compete in a digital landscape. It is not primarily driven by social responsibility or government regulations.

Question 8

A(n) _____ is a collection of related activities that produce a product or a service of value to an organization.&#10;A) workflow pattern&#10;B) business process&#10;C) supply chain&#10;D) information system&#10;E) management technique

Accepted Answer

A business process is a collection of related activities that produce a product or a service of value to an organization. A workflow pattern refers to the sequence of steps involved in completing a task, a supply chain is a network of organizations and processes involved in the creation and delivery of a product or service, an information system is a collection of hardware, software, data, people, and procedures that work together to produce information, and a management technique is a method or tool used to achieve a specific goal or objective.

Question 9

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

While selecting and adhering to a competitive strategy is an important part of a company's success, it is not sufficient to counter all of Porter's five forces. To be truly successful and sustainable in the long term, companies must also continuously analyze and adapt to changes in the market and their competitors. Additionally, other factors such as macroeconomic trends and technological advancements can also impact a company's success.

Question 10

The goals of business process reengineering are to (check all that apply):&#10;A) Reduce waste.&#10;B) Increase customer satisfaction.&#10;C) Increase cycle time.&#10;D) Increase productivity.&#10;E) Optimize operations.

Accepted Answer

The goals of business process reengineering are to reduce waste, increase customer satisfaction, increase productivity, and optimize operations. Increasing cycle time would be counterproductive to these goals, so C is not a correct choice.

Question 11

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

Accepted Answer

The answer of Business process management includes methods and tools...

Question 12

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

Accepted Answer

The answer of The Internet reduces the barriers of entry...

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