MS265 Exam with Questions & Answers (Grade A+)
SECTION 1: INTRODUCTION TO INFORMATION MANAGEMENT & IT (Questions 1-
25)
Question 1: What is the definition of information management?
A) Using computer hardware only
B) Collection, management, and distribution of information
C) Managing employee records
D) Storing paper documents
Answer: B) Collection, management, and distribution of information
Rationale: Information management is defined as the collection, management,
and distribution of information .
Question 2: The "4 R's of Information Management" include all of the following
EXCEPT:
A) Right information
B) Right person
,C) Right price
D) Right time
Answer: C) Right price
Rationale: The 4 R's are: Right information, Right person, Right place, and Right
time .
Question 3: Information Management encompasses which four components?
A) Hardware, software, networks, data
B) People, processes, technology, and content
C) Planning, organizing, leading, controlling
D) Input, processing, output, storage
Answer: B) People, processes, technology, and content
Rationale: Information Management encompasses people, processes, technology
(hardware + software), and content (data resource management) .
Question 4: Information Technology (IT) is defined as:
,A) Managing people in organizations
B) Using computer hardware and software to convert, store, protect, process,
transmit, and retrieve information
C) Selling computer equipment
D) Writing business reports
Answer: B) Using computer hardware and software to convert, store, protect,
process, transmit, and retrieve information
Rationale: This is the standard definition of Information Technology .
Question 5: Why study Information Technology in business?
A) It is required for graduation only
B) It plays an important role in global business; business environment and tech
capabilities are changing
C) It replaces the need for managers
D) It only applies to large corporations
Answer: B) It plays an important role in global business; business environment
and tech capabilities are changing
, Rationale: IT is studied because of its critical role in global business, the changing
business environment, and evolving technology capabilities .
Question 6: Which of the following is NOT one of Porter's 4 Competitive
Strategies?
A) Cost leadership
B) Differentiation
C) Market penetration
D) Cost-focus
Answer: C) Market penetration
Rationale: Porter's 4 Competitive Strategies are: cost leadership, differentiation,
cost-focus, and focused differentiation .
Question 7: Competitive advantages with information systems related to
PRODUCTS include:
A) Lock in customers and suppliers
B) Create product, enhance product, and differentiate
SECTION 1: INTRODUCTION TO INFORMATION MANAGEMENT & IT (Questions 1-
25)
Question 1: What is the definition of information management?
A) Using computer hardware only
B) Collection, management, and distribution of information
C) Managing employee records
D) Storing paper documents
Answer: B) Collection, management, and distribution of information
Rationale: Information management is defined as the collection, management,
and distribution of information .
Question 2: The "4 R's of Information Management" include all of the following
EXCEPT:
A) Right information
B) Right person
,C) Right price
D) Right time
Answer: C) Right price
Rationale: The 4 R's are: Right information, Right person, Right place, and Right
time .
Question 3: Information Management encompasses which four components?
A) Hardware, software, networks, data
B) People, processes, technology, and content
C) Planning, organizing, leading, controlling
D) Input, processing, output, storage
Answer: B) People, processes, technology, and content
Rationale: Information Management encompasses people, processes, technology
(hardware + software), and content (data resource management) .
Question 4: Information Technology (IT) is defined as:
,A) Managing people in organizations
B) Using computer hardware and software to convert, store, protect, process,
transmit, and retrieve information
C) Selling computer equipment
D) Writing business reports
Answer: B) Using computer hardware and software to convert, store, protect,
process, transmit, and retrieve information
Rationale: This is the standard definition of Information Technology .
Question 5: Why study Information Technology in business?
A) It is required for graduation only
B) It plays an important role in global business; business environment and tech
capabilities are changing
C) It replaces the need for managers
D) It only applies to large corporations
Answer: B) It plays an important role in global business; business environment
and tech capabilities are changing
, Rationale: IT is studied because of its critical role in global business, the changing
business environment, and evolving technology capabilities .
Question 6: Which of the following is NOT one of Porter's 4 Competitive
Strategies?
A) Cost leadership
B) Differentiation
C) Market penetration
D) Cost-focus
Answer: C) Market penetration
Rationale: Porter's 4 Competitive Strategies are: cost leadership, differentiation,
cost-focus, and focused differentiation .
Question 7: Competitive advantages with information systems related to
PRODUCTS include:
A) Lock in customers and suppliers
B) Create product, enhance product, and differentiate
