MGT 300 TESTBANK QUESTIONS
WITH 100% CORRECT ANSWERS
When businesses transact with each other through information technology they are
engaging in ______ electronic commerce. - Answer- business-to-business
An agreement in which managers pool or share their organization's resources and
know-how with a foreign company, and the two organizations share the rewards and
risks of starting a new venture is a ______ alliance. - Answer- strategic
When IT is used by companies to trade with other companies, and when customers use
the Internet to purchase goods or services, this is called ______. - Answer- e-commerce
Increasing globalization and the use of new IT have resulted in: - Answer- electronically
managed strategic alliances.
B2B network structures.
The goal of the B2B marketplace includes: - Answer- using Internet-based trading
platforms to connect buyers and sellers. Adopting a common software standard to allow
companies to work together, over time.
Finding ways to reduce costs.
Participating in a(n) ______ means that companies are willing to be part of an Internet-
based trading platform that connects them as buyers and or sellers within their industry.
- Answer- B2B marketplace
Increasing globalization and the use of new IT have brought about strategic alliances
and B2B network structures that are sweeping through ______ companies. - Answer-
U.S.
European
ERP systems are software packages that allow a company to link and coordinate the
entire set of functional activities to move products from ______. - Answer- product
design to the customer
What is it called when two or more companies who share similar interests enter into a
formal agreement to exchange resources in order to produce or market a product? -
Answer- A strategic alliance
, Systems that enable employees to share their knowledge and expertise and provide
them with virtual access to other employees with expertise to help solve problems, are
______ systems. - Answer- knowledge management
A company that has an online reporting structure, assignments distributed electronically,
and employees and managers linked via a centralized database is referred to as
a(n)______ organization. - Answer- virtual
A company-specific virtual information system that systematizes the expertise of its
employees and facilitates the sharing and integrating of their expertise is a(n) ______
system. - Answer- knowledge management
A virtual information system that systematizes the knowledge of its employees and
facilitates the sharing and integrating of their expertise is a(n) ______ system. - Answer-
knowledge management
Liana has established a staff meeting for every Wednesday at 11:00 U.S., EST so she
can keep track of any issues that might arise. Sometimes she will videoconference;
other times, phone conference. The meetings were hard to schedule at a time where
everyone could attend because her staff is located in many different regions of the
world. Everyone in the department is linked by a central database. This company is a
______ organization. - Answer- virtual
The four factors of quality, timeliness, completeness, and relevance help determine the
______ to a manager. - Answer- usefulness of information
Reliability and ______ determine the quality of ______. - Answer- accuracy; information
The university's planned expansion was put on hold for another month due to some
possible environmental concerns that had been discovered. The administration's
decisions were based on ______ information that was coming to them on a week-to
week basis. - Answer- real-time
timely
Information technology systems that are specific to managers' needs in order to provide
the information they need to acquire, share, organize, and manipulate is referred to as
______. - Answer- management information systems (MIS)
Facts that are raw, unsummarized, or unanalyzed are defined as ______; when
organized in a meaningful way, these facts become useful ______. - Answer-
data;information
The factors that determine the usefulness of information to a manager are: - Answer-
quality
timeliness
WITH 100% CORRECT ANSWERS
When businesses transact with each other through information technology they are
engaging in ______ electronic commerce. - Answer- business-to-business
An agreement in which managers pool or share their organization's resources and
know-how with a foreign company, and the two organizations share the rewards and
risks of starting a new venture is a ______ alliance. - Answer- strategic
When IT is used by companies to trade with other companies, and when customers use
the Internet to purchase goods or services, this is called ______. - Answer- e-commerce
Increasing globalization and the use of new IT have resulted in: - Answer- electronically
managed strategic alliances.
B2B network structures.
The goal of the B2B marketplace includes: - Answer- using Internet-based trading
platforms to connect buyers and sellers. Adopting a common software standard to allow
companies to work together, over time.
Finding ways to reduce costs.
Participating in a(n) ______ means that companies are willing to be part of an Internet-
based trading platform that connects them as buyers and or sellers within their industry.
- Answer- B2B marketplace
Increasing globalization and the use of new IT have brought about strategic alliances
and B2B network structures that are sweeping through ______ companies. - Answer-
U.S.
European
ERP systems are software packages that allow a company to link and coordinate the
entire set of functional activities to move products from ______. - Answer- product
design to the customer
What is it called when two or more companies who share similar interests enter into a
formal agreement to exchange resources in order to produce or market a product? -
Answer- A strategic alliance
, Systems that enable employees to share their knowledge and expertise and provide
them with virtual access to other employees with expertise to help solve problems, are
______ systems. - Answer- knowledge management
A company that has an online reporting structure, assignments distributed electronically,
and employees and managers linked via a centralized database is referred to as
a(n)______ organization. - Answer- virtual
A company-specific virtual information system that systematizes the expertise of its
employees and facilitates the sharing and integrating of their expertise is a(n) ______
system. - Answer- knowledge management
A virtual information system that systematizes the knowledge of its employees and
facilitates the sharing and integrating of their expertise is a(n) ______ system. - Answer-
knowledge management
Liana has established a staff meeting for every Wednesday at 11:00 U.S., EST so she
can keep track of any issues that might arise. Sometimes she will videoconference;
other times, phone conference. The meetings were hard to schedule at a time where
everyone could attend because her staff is located in many different regions of the
world. Everyone in the department is linked by a central database. This company is a
______ organization. - Answer- virtual
The four factors of quality, timeliness, completeness, and relevance help determine the
______ to a manager. - Answer- usefulness of information
Reliability and ______ determine the quality of ______. - Answer- accuracy; information
The university's planned expansion was put on hold for another month due to some
possible environmental concerns that had been discovered. The administration's
decisions were based on ______ information that was coming to them on a week-to
week basis. - Answer- real-time
timely
Information technology systems that are specific to managers' needs in order to provide
the information they need to acquire, share, organize, and manipulate is referred to as
______. - Answer- management information systems (MIS)
Facts that are raw, unsummarized, or unanalyzed are defined as ______; when
organized in a meaningful way, these facts become useful ______. - Answer-
data;information
The factors that determine the usefulness of information to a manager are: - Answer-
quality
timeliness
