Question 1

Mission statements are a series of statements that express an organization's qualitative and quantitative goals for reaching a desired future position.

Accepted Answer

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Question 2

A company should define its competitive strategy and then define its mission and objectives.

Accepted Answer

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Question 3

Data redundancy and users having little confidence in the quality of data are reasons why improved information systems project identification and selection is needed.

Accepted Answer

Data redundancy and poor data quality can lead to incorrect decision-making and other problems, highlighting the need for better project identification and selection processes for information systems.

Question 4

A low-cost producer competitive strategy reflects competing in an industry on the basis of product or service cost to the consumer.

Accepted Answer

A low-cost producer competitive strategy involves streamlining operations and cutting costs in order to offer products or services at a lower price than competitors. This can attract price-sensitive consumers and allow the company to gain a larger market share.

Question 5

Corporate analysis is an ongoing process that defines the mission,objectives,and strategies of an organization.

Accepted Answer

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Question 6

A disciplined approach,driven by top management commitment,is a prerequisite to most effectively apply information systems in order to reach organizational objectives.

Accepted Answer

A disciplined approach, driven by top management commitment, ensures that information systems are effectively applied to support organizational objectives. Without top management commitment, it is difficult to establish a strategic direction, allocate resources, and ensure that the system is aligned with organizational goals. Therefore, a disciplined approach driven by top management commitment is a prerequisite for effective application of information systems.

Question 7

Objective statements are a series of statements that express an organization's qualitative and quantitative goals for reaching a desired future position.

Accepted Answer

Objective statements outline an organization's goals for the future.

Question 8

Mission statements are often referred to as critical success factors.

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Question 9

Systems requirements planning is an orderly means of assessing the information needs of an organization and defining the systems,databases,and technologies that will best satisfy those needs.

Accepted Answer

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Question 10

A competitive strategy is the method by which an organization attempts to achieve its mission and objectives.

Accepted Answer

A competitive strategy outlines how an organization intends to compete with its rivals and achieve its goals. It involves choosing the right target market, identifying the unique selling proposition (USP), and determining the value chain activities that give a company a competitive advantage over others.

Question 11

"Baker's Fitness Center will increase market share and profitability" is an example of a mission statement.

Accepted Answer

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Question 12

To build the most effective information systems,an organization must clearly understand its mission,objectives,and strategy.

Accepted Answer

Understanding the mission, objectives, and strategy of an organization is crucial in building effective information systems that align with the organization's goals and support its operations.

Question 13

"We are in the business of selling high-quality men's shoes" is an example of a mission statement.

Accepted Answer

This statement outlines the purpose and focus of the business, which is a characteristic of a mission statement.

Question 14

The rising costs of information systems is one reason why improved information systems project identification and selection is needed.

Accepted Answer

The statement is true. As the costs of information systems continue to rise, it becomes increasingly important to identify and select the most impactful and cost-effective projects to invest in. This can help organizations optimize their IT spending and ensure they are getting the best return on their investment.

Question 15

The South Korean-produced Hyundai uses a product focus competitive strategy.

Accepted Answer

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Question 16

Promoting your product as having an ingredient that competing products do not,setting the product apart from the competition,best exemplifies the product differentiation competitive strategy.

Accepted Answer

Promoting a unique ingredient sets the product apart from competitors, which is a key aspect of the product differentiation strategy.

Question 17

A business objective statement is a statement that makes it clear what business the company is in.

Accepted Answer

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Question 18

The product focus or niche competitive strategy is similar to both the low-cost and differentiation strategies,but with a much narrower market focus.

Accepted Answer

The statement is correct. The product focus or niche competitive strategy involves targeting a narrow market segment with a specialized product or service, similar to differentiation strategy. However, the focus is primarily on meeting the specific needs of this market segment rather than on achieving the lowest cost, as in the low-cost strategy.

Question 19

Requirements determination and requirements structuring are two processes that can significantly improve the quality of project identification and selection decisions.

Accepted Answer

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Question 20

During corporate strategic planning,executives typically develop a mission statement,statements of future corporate objectives,and strategies designed to help the organization reach its objectives.

Accepted Answer

This statement accurately describes the typical process of corporate strategic planning.

Quiz 4: Identifying and Selecting Systems Development Projects