Question 1

Decreasing customer loyalty, increasing costs, and decreasing sales are all examples of business strategies.

Accepted Answer

Increasing customer loyalty, decreasing costs, and increasing sales are all examples of business strategies.

Question 2

Bread, cheese, and butter are included in the process of making a grilled cheese sandwich.

Accepted Answer

Bread, cheese, and butter are included as the inputs of making a grilled cheese sandwich.

Question 3

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

Accepted Answer

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

Question 4

A first-mover advantage is the process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed.

Accepted Answer

Competitive intelligence is the process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed.

Question 5

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

Accepted Answer

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

Question 6

When a company is the first to market with a competitive advantage, it gains a particular benefit known as competitive intelligence.

Accepted Answer

When a company is the first to market with a competitive advantage, it gains a particular benefit known as a first-mover advantage.

Question 7

In a SWOT analysis potential external opportunities are helpful when they identify all significant trends along with how the organization can benefit from each, including new markets, additional customer groups, legal changes, innovative technologies, population changes, competitor issues, and so on.

Accepted Answer

Potential external opportunities are helpful when they identify all significant trends along with how the organization can benefit from each, including new markets, additional customer groups, legal changes, innovative technologies, population changes, competitor issues, and so on.

Question 8

If a business could produce the same hamburger with less expensive inputs it would probably see a decrease in profits.

Accepted Answer

If a business could produce the same hamburger with less expensive inputs it would probably see an increase in profits.

Question 9

Attracting new customers, decreasing costs, and entering new markets are all examples of successful business strategies.

Accepted Answer

Attracting new customers, decreasing costs, and entering new markets are all examples of business strategies.

Question 10

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Accepted Answer

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

Question 11

A SWOT analysis will evaluate potential internal strengths, internal weaknesses, and external opportunities.

Accepted Answer

A SWOT analysis will evaluate potential internal strengths, internal weaknesses, and external opportunities.

Question 12

To combat business challenges leaders communicate and execute business strategies from the Greek word stratus for army and ago for leading.

Accepted Answer

To combat business challenges leaders communicate and execute business strategies from the Greek word stratus for army and ago for leading.

Question 13

FedEx created a first-mover advantage by developing its customer self-service software, which allows people to request parcel pickups, print mailing slips, and track parcels online.

Accepted Answer

FedEx created a first-mover advantage by developing its customer self-service software, which allows people to request parcel pickups, print mailing slips, and track parcels online.

Question 14

A SWOT analysis evaluates an organization's strengths, worries, opportunities, and technologies to identify significant influences that work for or against business strategies.

Accepted Answer

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

Question 15

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Accepted Answer

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Question 16

Businesses rarely need to update business strategies as the business environment remains relatively stable.

Accepted Answer

Businesses constantly need to update business strategies as the business environment rapidly changes.

Question 17

A SWOT analysis evaluates an organization's strengths, weaknesses, objectives, and threats.

Accepted Answer

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

Question 18

In a SWOT analysis potential internal strengths are helpful when they identify all key strengths associated with the competitive advantage including cost advantages, new and/or innovative services, special expertise and/or experience, proven market leader, improved marketing campaigns, and so on.

Accepted Answer

Potential internal strengths are helpful when they identify all key strengths associated with the competitive advantage including cost advantages, new and/or innovative services, special expertise and/or experience, proven market leader, improved marketing campaigns, and so on.

Question 19

In a SWOT analysis potential internal weaknesses are harmful when they identify all key areas that require improvement. Weaknesses focus on the absence of certain strengths, including absence of an Internet marketing plan, damaged reputation, problem areas for service, outdated technology, employee issues, and so on.

Accepted Answer

In a SWOT analysis potential internal weaknesses are harmful when they identify all key areas that require improvement. Weaknesses focus on the absence of certain strengths, including absence of an Internet marketing plan, damaged reputation, problem areas for service, outdated technology, employee issues, and so on.

Question 20

In a SWOT analysis strengths and weaknesses originate inside an organization, or internally. Opportunities and threats originate outside an organization, or externally and cannot always be anticipated or controlled.

Accepted Answer

Strengths and weaknesses originate inside an organization, or internally. Opportunities and threats originate outside an organization, or externally and cannot always be anticipated or controlled.

Quiz 1: Management Information Systems: Business Driven MIS

Decreasing customer loyalty, increasing costs, and decreasing sales are all examples of business strategies.

Bread, cheese, and butter are included in the process of making a grilled cheese sandwich.

A leadership plan that achieves a specific set of goals or objectives is a business strategy.

A first-mover advantage is the process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed.

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

When a company is the first to market with a competitive advantage, it gains a particular benefit known as competitive intelligence.

If a business could produce the same hamburger with less expensive inputs it would probably see a decrease in profits.

Attracting new customers, decreasing costs, and entering new markets are all examples of successful business strategies.

If a business could produce more hamburgers with the same inputs it would see a rise in productivity and possibly an increase in profits.

A SWOT analysis will evaluate potential internal strengths, internal weaknesses, and external opportunities.

To combat business challenges leaders communicate and execute business strategies from the Greek word stratus for army and ago for leading.

FedEx created a first-mover advantage by developing its customer self-service software, which allows people to request parcel pickups, print mailing slips, and track parcels online.

A SWOT analysis evaluates an organization's strengths, worries, opportunities, and technologies to identify significant influences that work for or against business strategies.

A grilled cheese sandwich is considered the final output of a making-a-sandwich process.

Businesses rarely need to update business strategies as the business environment remains relatively stable.

A SWOT analysis evaluates an organization's strengths, weaknesses, objectives, and threats.

In a SWOT analysis potential internal strengths are helpful when they identify all key strengths associated with the competitive advantage including cost advantages, new and/or innovative services, special expertise and/or experience, proven market leader, improved marketing campaigns, and so on.

In a SWOT analysis strengths and weaknesses originate inside an organization, or internally. Opportunities and threats originate outside an organization, or externally and cannot always be anticipated or controlled.