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The business decisions made by the Finance department include investment data,monetary data,and reporting data.

A) True
B) False

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What are tasks performed by people that customer's will buy to satisfy a want or need?


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

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

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Which of the following is not a technology company but used technology to revamp the business process of selling shoes?


A) Netflix
B) Dell
C) Zappos
D) Amazon

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

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Which of the following represents the department that maintains policies,plans,and procedures for the effective management of employees?


A) Human Resources
B) Sales
C) Employee Resources
D) Employee Relations

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

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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) True
B) False

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Which of the following describes structured data?


A) A defined length,type,and format
B) Includes numbers,dates,or strings such as customer address
C) Is typically stored in a relational database or spreadsheet
D) All of these choices

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

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According to Porter companies that wish to dominate broad markets should operate using a ________ strategy.


A) cost leadership with a low cost
B) differentiation with a low cost
C) cost leadership with a high cost
D) All of these choices

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

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Eric Eberly holds an executive position at Parker Industries.He has designed and implemented a system to collect,maintain,and share information across the many departments of Parker Industries.He's also instilled an updating protocol requiring department heads to keep the system up-to-date.Based on this description,what position does Eric hold?


A) Chief information officer (CIO)
B) Chief security officer (CSO)
C) Chief data officer (CDO)
D) Chief knowledge officer (CKO)

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

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The threat of substitute products or services refers to the power of customers to purchase alternatives.

A) True
B) False

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Which of the following are included as potential external opportunities in a SWOT analysis that are helpful to an organization?


A) Core competencies,market leaders,cost advantages,excellent management
B) Lack of strategic direction,obsolete technologies,lack of managerial talent,outdated,product line
C) Expanded product line,increase in demand,new markets,new regulations
D) New entrants,substitute products,shrinking markets,costly regulatory,requirements

E) All of the above
F) A) and B)

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What first-ever national appointment was made by President Barack Obama?


A) National Chief Security Officer
B) National Chief Privacy Officer
C) National Chief Technology Officer
D) All of these choices

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

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Order date,amount sold,and customer number are all forms of data.

A) True
B) False

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What executes business strategy?


A) SWOT Analysis
B) The Five Forces Model
C) Value Chain Analysis
D) Three Generic Strategies

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

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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 differentiation 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) B) and C)
F) A) and D)

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The chief data officer (CDO)is responsible for determining the types of information the enterprise will capture,retain,analyze,and share.

A) True
B) False

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Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?


A) Suppliers can drive down profits by charging more for supplies.
B) New market entrants can steal potential investment capital.
C) Substitute products can steal customers.
D) Competition can steal customers.

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

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Which of the following are included as potential internal weaknesses in a SWOT analysis that are harmful to an organization?


A) Core competencies,market leaders,cost advantages,excellent management
B) Lack of strategic direction,obsolete technologies,lack of managerial talent,outdated product line
C) Expanded product line,increase in demand,new markets,new regulations
D) New entrants,substitute products,shrinking markets,costly regulatory,requirements

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

Correct Answer

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The age we live in has infinite quantities of facts that are widely available to anyone who can use a computer.What age is this statement referring to?


A) Data age
B) Information age
C) Business intelligence age
D) Internet of Things

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

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Cooking a patty and putting the ingredients together are included in the process of making a hamburger.

A) True
B) False

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Which strategy below helps an organization choose its business focus?


A) SWOT Analysis
B) The Five Forces Model
C) Value Chain Analysis
D) Three Generic Strategies

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

Correct Answer

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