Saint GBA 327 E xam 1 M odule 3 L atest 2015 Question Exam 1 Question 1. Question : Which of the following ratios has fallen as a result of Moore's Law? Price/performance Demand/supply Profit/loss Debt/equity Question 2. Question : You have a spreadsheet that provides the airfares to different cities from Chicago. If the contents of the spreadsheet are used to make a decision, it will be considered: knowledge. data. information. intuition. Question 3. Question : Which of the following is categorized as a non - routine cognitive skill? Computer programming Marketing knowledge Tax accounting Systems thinking Question 4. Question : Which of the following statements is true of data characteristics in the context of information systems? Data generated should be in excess of what is required. An appropriate relationship should exist between the cost of data and its value. Data should be relevant to the context, not necessarily to the subject. Freely available data is always accurate and timely. Question 5. Question : Melissa wants to create a password. Which of the following is the strongest password that she could use? Melissa@123 Melissa@Melissa NewYork NOOCSmyPw$42 Question 6. Question : Meredith constantly analyzes her work in terms of her individual contribution that she makes to the overall output of the organization. This shows her ________ skills. collaboration experimentation systems thinking problem - solving Question 7. Question : ________ states that the number of transistors per square inch on an integrated chip doubles every 18 months. Nielsen's Law Faraday's Law Moore's Law Newton's Law Question 8. Question : Graham & Hilda Corp. is a firm that offers enterprise software solutions to independent retailers. The firm recently entered into a contract with a major national retail chain to develop and implement proprietary software that tracks inventory, restocking, and supplier information. Which of the following actions will be most difficult to perform when implementing the new information system? Upgrading the computer systems used by the retail chain Writing the programs to create the software Changing the structure of existing databases that reflect supplier and customer data Training the employees to use and manage the new system Question 9. Question : An automobile company decides to improve the quality of all its products and bring more variety into its product line. The company has decided to adopt: focused cost leadership. industry - wide differentiation. industry - wide cost leadership. focused differentiation. Question 10. Question : According to Porter's five forces model, in which of the following situations would a supplier have the highest bargaining power? A Houston - based vendor is the only supplier of a patented material for many smartphone manufacturers A fashion brand's outlet catering to a niche market A restaurant that serves only army veterans A large retailer buying finished goods from many small suppliers Question 11. Question : FunText is a company that owns an app used for text messaging. It recently offered a membership extension of six months without any additional charges to its existing customers who had registered for a three - year membership. By doing this, which competitive strategy did FunText implement? Creation of a new service Product differentiation Locking in customers Locking in suppliers Question 12. Question : Which of the following statements is consistent with the central idea of business process design? Technology should be used to supplement the existing value chain. Business processes should not focus on the core competencies of organizations. Organizations should create new business processes rather than improve existing systems. Technology should be used to modify and improve standard business processes. Question 13. Question : Bargaining power of customers is likely to be the highest for markets involving: limited edition apparel. industrial products. patented drugs. vintage cars. Question 14. Question : Locking in customers by making it difficult or expensive for customers to move to another product is called establishing high: entry barriers. switching costs. product standards. value differentiation. Question 15. Question : A(n) ________ is a network of activities that generate value by transforming inputs into outputs. business process competitive strategy linkage information system Question 16. Question : Focused cost leadership is observed when a product has the lowest cost: within an industry segment. across the product range offered by a company. within an industry. within the supply chain of a company. Question 17. Question : Which of the following statements is true of closed - source projects? Only users and developers are allowed to alter the source code in closed - source projects. Anyone can obtain the source code for a closed - source project. Only trusted programmers are allowed to make changes to a closed - source project.