UMGC: IFSM 300 Week 1 Quiz – First Attempt 100%| updated latest 2025.

IFSM 300 Week 1 Quiz – First Attempt 100% data software people process hardware Week 1 Quiz – First Attempt 100% Question 1 (1 point) Saved Which of the following are components of an information system? (select all that apply) Question 1 options: Question 2 (1 point) Saved Which of the following is exemplified by customers finding a different way to get the product or service? Question 2 options: rivalry among competitors customer disloyalty barriers to entry Question 3 (1 point) Identify the correct sequence of events in organizational strategic planning. threat of substitute product or servicesQuestion 3 options: Mission, Available Technology, Objectives, Environmental Analysis Available Technology, Goals, Mission, Objectives Mission, Environmental Analysis, Goals, Objectives Goals, Processes, Technology, Profits Question 4 (1 point) The term "digital divide" refers to: Question 4 options: Global access to the Internet City-wide Internet access The separation of those who have access to the global network and those who do not Equal access to technology solutions Question 5 (1 point) What business approach has enabled Walmart to drive prices down and react to market conditions more quickly? Question 5 options: Employee benefit packages Supply chain management system Increased direct marketing Store location Question 6 (1 point)According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except for which one? Question 6 options: Threat of substitute products/services Political and/or economic factors Bargaining power of suppliers Threat of entry of new competitors Question 7 (1 point) Which of the following are critical in today's business world? (select all that apply) Question 7 options: Ability to identify business opportunities that can be supported by information technology. Understanding how businesses use technology for strategic advantage Identifying how an information system can provide competitive advantage Understanding how organizations translate their high-level mission into specific objectives and align with technology solutions Question 8 (1 point) A strategic information system is one that attempts to do one or more of the following: (select all that apply) Question 8 options: deliver a product or a service at a lower cost deliver a product or service that is differentiatedhelp an organization focus on a specific market segment enable innovation Question 9 (1 point) Which of the following are the two primary methods for obtaining competitive advantage described by Michael Porter? (select the two that apply) Question 9 options: A) value chain creation B) advantage of bringing new products to market C) differentiation advantage D) cost advantage Question 10 (1 point) Which of the following statements are true of Decision Support Systems (DSS)? (select all that apply) Question 10 options: DSSs are designed to take inputs regarding a known (or partially-known) decisionmaking process and provide the information necessary to make a decision. A decision support system (DSS) is an information system built to help an organization make a specific decision or set of decisions. DSSs can exist at different levels of decision-making with the organization, from the CEO to the first-level managers. DSSs are used only at the executive level and are used to make all strategic decisions. Question 11 (1 point)Which of the following is defined as the ability of customers to drive down the price of goods and services? Question 11 options: rivalry among competitors threat of price reduction supplier power buyer power or the bargaining power of customers Question 12 (1 point) True or false: Highly qualified vendors, consultants, and IT departments are the most important elements for the successful implementation of enterprise technologies. Question 12 options: True False Question 13 (1 point) Which use of the Internet could have a negative impact on a company's competitive position? Question 13 options: providing an easy method to facilitate product orders to flow to the suppliers allowing potential customers to find possible substitute products allowing a company to monitor patent infringement by other companies allowing potential customers to learn about the company's products and services Question 14 (1 point)Compatible world-wide infrastructure Which of the following is defined as a series of activities undertaken by the company to add worth or importance to a product or service? Question 14 options: value chain competitive advantage business processes strategic direction Question 15 (1 point) Which of the following are advantages of globalization? (select all that apply) Question 15 options: Ability to draw from an international labor pool Expanded market for an organization's products and services. Seamless ability to ship world-wide