Information Systems Management Quiz
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Questions and Answers

What is the first step in creating an Internal Factor Evaluation (IFE) Matrix?

  • Assign a weight ranging from 0.0 to 1.0
  • Multiply the weight times the rating
  • Sum the weighted scores
  • List key internal factors (correct)

    • How often should data in an information system be updated for effective management?

  • Once a year
  • Regularly (correct)
  • Only when new information is available
  • Half-yearly

    • Which of the following represents a common measure of a firm's information system user-friendliness?

  • Computer training workshops for users (correct)
  • Number of passwords required
  • Frequency of system upgrades
  • Availability of competitive analysis tools

    • What rating scale is used for each factor in the IFE Matrix?

    <p>1 to 4</p> Signup and view all the answers

    Which aspect of an information system is important to ensure that all users understand its benefits?

    <p>User training on competitive advantages</p> Signup and view all the answers

    What is the primary purpose of an internal audit?

    <p>To identify strengths and weaknesses within the organization</p> Signup and view all the answers

    Which of the following is NOT identified as a category for assessment in an internal audit?

    <p>Customer service</p> Signup and view all the answers

    What are distinctive competencies in the context of strategic management?

    <p>Unique strengths that provide a competitive advantage</p> Signup and view all the answers

    In the internal audit process, information is gathered from all areas EXCEPT:

    <p>Sales Strategy</p> Signup and view all the answers

    Which aspect is evaluated in a management audit checklist?

    <p>Is organizational structure appropriate?</p> Signup and view all the answers

    How do internal strengths relate to the development of strategies?

    <p>They provide a basis for objectives and strategies</p> Signup and view all the answers

    What question does NOT typically appear on a management audit checklist?

    <p>Is employee morale assessed regularly?</p> Signup and view all the answers

    What statement best describes the relationship between distinctive competencies and competitive advantage?

    <p>Distinctive competencies are essential for building competitive advantage</p> Signup and view all the answers

    Which aspect is NOT part of a marketing audit?

    <p>Employee turnover</p> Signup and view all the answers

    What is assessed to determine the effectiveness of reward mechanisms in an organization?

    <p>Employee absenteeism</p> Signup and view all the answers

    Which financial decision relates to the distribution of earnings to shareholders?

    <p>Dividend decision</p> Signup and view all the answers

    Which of the following is NOT a function of marketing?

    <p>Investment analysis</p> Signup and view all the answers

    What is one of the elements evaluated in the finance/accounting audit?

    <p>Availability of working capital</p> Signup and view all the answers

    Which factor is crucial for assessing a firm's competitive position?

    <p>Market share increase</p> Signup and view all the answers

    What does a low employee turnover rate typically indicate?

    <p>Effective management practices</p> Signup and view all the answers

    Which of these is a component of the marketing function regarding products/services?

    <p>Product sales</p> Signup and view all the answers

    What is a key function of production and operations in a firm?

    <p>Managing the workforce and quality</p> Signup and view all the answers

    Which factor is NOT evaluated in a production/operations audit?

    <p>Debt situation of the firm</p> Signup and view all the answers

    What is one function of research and development within a firm?

    <p>Improving manufacturing processes</p> Signup and view all the answers

    In an audit of research and development, which of the following is assessed?

    <p>Adequacy of R&amp;D facilities</p> Signup and view all the answers

    Which statement about management information systems is accurate?

    <p>They improve performance by enhancing decision quality.</p> Signup and view all the answers

    What is one aspect that should be evaluated regarding the R&D personnel?

    <p>Their qualifications and experience</p> Signup and view all the answers

    What should be considered in a production/operations audit regarding suppliers?

    <p>Reliability and reasonableness of suppliers</p> Signup and view all the answers

    Which element is essential for R&D to remain competitive?

    <p>Technological competencies in present products</p> Signup and view all the answers

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