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What is the confirmation or validation of an event or object?


A) Fact
B) Data
C) Information technology
D) Business Intelligence

E) B) and C)
F) A) and B)

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There are many different stakeholders found in an organization.Stakeholders drive business strategies,and depending on the stakeholder's perspective,the business strategy can change.Which of the following is a main concern for the community?


A) Exceptional customer service
B) Fair compensation
C) Professional associations
D) Reliable contracts

E) A) and D)
F) C) and D)

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Your boss,Penny Dirks,has asked you to analyze the airline industry using Porter's Three Generic Strategies.Which of the following companies are using a focused strategy?


A) Southwest,Horizon,Frontier,JetBlue
B) British Airways,Singapore Airlines,Virgin Atlantic
C) Sky Taxi - a rent by the hour personal plane service
D) All of these choices

E) A) and C)
F) A) and B)

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Zappos is not a technology company; its primary business focus is to sell books.

A) True
B) False

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Recently,150 of the Fortune 500 companies added this position to their list of senior executives.


A) Chief technology officer (CTO)
B) Chief data officer (CDO)
C) Chief privacy officer (CPO)
D) Chief knowledge officer (CKO)

E) C) and D)
F) B) and C)

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Tiffany & Company competes in the marketplace by offering high cost custom jewelry.Tiffany & Company is following a broad market and cost leadership strategy.

A) True
B) False

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The threat of substitute products or services refers to the power of competitors to enter a new market.

A) True
B) False

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There are many different stakeholders found in an organization.Stakeholders drive business strategies,and depending on the stakeholder's perspective,the business strategy can change.Which of the following is a main concern for the government?


A) Maximize profits
B) Adhere to regulations/laws
C) Exceptional customer service
D) Reliable contracts

E) C) and D)
F) All of the above

Correct Answer

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The lettuce,tomatoes,patty,bun,and ketchup are included in which category of making a hamburger?


A) Input
B) Process
C) Output
D) All of these choices

E) A) and D)
F) B) and C)

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It is not uncommon to find stakeholders' business strategies have conflicting interests such as investors looking to increase profits by eliminating employee jobs.

A) True
B) False

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What is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services?


A) Goods
B) Services
C) Production
D) Productivity

E) B) and C)
F) A) and C)

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Jim Coleman holds an executive position at Keck-Howes Group.Jim has improved the quality of the data gathered by the organization,and has also created a model to decrease the cost of managing data while increasing the value of the data gathered.Based on this description,what position does Jim hold at Keck-Howes Group?


A) Chief security officer (CSO)
B) Chief technology officer (CTO)
C) Chief data officer (CDO)
D) Chief privacy officer (CPO)

E) C) and D)
F) A) and C)

Correct Answer

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Which of the following is considered a service?


A) Teaching
B) Waiting tables
C) Cutting hair
D) All of these choices

E) None of the above
F) A) and C)

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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.

A) True
B) False

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A static report can include updating daily stock market prices or the calculation of available inventory.

A) True
B) False

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The banking industry has implemented several competitive advantages including ATM's,online bill pay services,and electronic statements.Of course,these competitive advantages were quickly duplicated by any competitor that wanted to remain in the banking industry.These were all examples of ___________ competitive advantages.


A) acquiring new technology products and services
B) hiring new employees
C) reducing expenses
D) gaining invaluable feedback from customers

E) C) and D)
F) A) and D)

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According to Fast Company magazine,chief user experience officer is a new executive level we might see created over the next decade.Which of the following includes the roles and responsibilities of this officer?


A) Manage and defend intellectual property,copy-rights and patents
B) Determines if a person or business process can be replaced by a robot or software
C) Create the optimal relationship between user and technology
D) Ensure the ethical and legal use of information within an organization

E) B) and C)
F) A) and D)

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Unstructured data is data that is not defined and does not follow a specified format and is typically free-form text such as emails,Twitter tweets,and text messages.

A) True
B) False

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What is the primary responsibility of the CTO?


A) Overseeing all uses of MIS
B) Ensuring the security of business systems
C) Ensuring speed,accuracy,and reliability for MIS
D) Collecting and distributing company information

E) A) and B)
F) B) and C)

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What are Porter's Three Generic Strategies?


A) Evaluates an organization's strengths,weaknesses,opportunities,and threats to identify significant influences that work for or against business strategies
B) Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
C) Views a firm as a series of business processes,each of which adds value to the product or service
D) Generic business strategies that are neither organization nor industry specific and can be applied to any business,product,or service

E) C) and D)
F) None of the above

Correct Answer

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