Competitive Strategies, ERP Systems
What is the duration of the MIS 200 midterm exam?
1 hour and 30 minutes
How many questions will be on the MIS 200 midterm exam?
40 questions
What types of questions will be on the exam?
Multiple choice or true/false
What materials are allowed on the desk during the exam?
Only the exam, scantron, pencil, and eraser
What must you show when leaving the classroom after the exam?
Your Dragoncard
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,What topics are covered in the MIS 200 midterm exam?
Introduction to MIS, Process Modeling, Competitive Advantage,
Enterprise Resource Planning, assignments 1 and 2
What is required for swimlane diagrams on the exam?
You will be shown a process description and a diagram with missing
information to fill in.
What should you focus on when studying the slides?
Understanding concepts rather than memorizing details.
What is the significance of Porter's 5 forces in competitive advantage?
They help analyze the stressors in business.
What is the difference between Red and Blue Ocean competition?
Red Ocean competition focuses on existing markets, while Blue Ocean
competition seeks to create new markets.
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, What is a first mover advantage?
The competitive advantage gained by being the first to enter a market.
What is SWOT analysis?
A strategic planning tool that evaluates strengths, weaknesses,
opportunities, and threats.
What does PESTEL analysis stand for?
Political, Economic, Social, Technological, Environmental, and Legal
factors.
What is the purpose of enterprise resource planning (ERP) systems?
To integrate and manage core business processes.
When should an ERP system be used?
When a business needs to streamline processes and improve efficiency.
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