MGCR 331 - Sample exam questions for midterm These questions come from different previous exams. 1. Which of the following is not included in Friedman's 10 major forces of globalization? A) outsourcing B) supply chain management C) unification of Germany D) wireless technologies E) growth of China's economy 2. Friedman's ten forces, or \"flatteners,\" contributed to the emergence of era 3.0 and the flat world. What is he referring to by the word \"flat\"? A) the world is not round. B) the deserts of the world C) economic growth is becoming flat D) the global competitive playing field is being leveled E) none of the above 3. Which of the following has been made possible only through IT? A) register for classes from home B) research class papers and presentations C) perform banking transactions D) pay your bills E) make travel reservations (hotel, airline, rental car). 4. The major capabilities of information systems in organizations would not include: A) performing high-speed, high-volume, numerical computations B) providing effective communication and collaboration within organizations C) storing huge amounts of data efficiently D) permitting everyone with easy access to their hardware and data E) increasing the effectiveness and efficiency of employees' work 5. Today, competitors may only need to set up a website to enter a particular market. Because of this facility, we say that the web: A) can make the companies smarter B) can make the companies look small C) can eliminate the entry barriers D) can be used to give wrong impressions E) all of the above 6. Porter's competitive forces model identifies five major forces that could threaten a company's position in a given industry. These forces do not include: A) the threat of new technology B) the bargaining power of suppliers C) the bargaining power of customers D) the threat of substitute products or services E) the rivalries among existing firms in the industry 7. In this type of e-commerce, the sellers are organizations and the buyers are individuals. A) government-to-citizen B) consumer-to-consumer C) business-to-business D) business-to-consumer E) none of the above 8. What is the main difference between vertical and horizontal exchanges? A) Horizontal exchanges are for a given industry; vertical exchanges are for across many industries. B) Vertical exchanges are for a given industry; horizontal exchanges are for across many industries. C) Vertical exchanges are for returning products; horizontal exchanges are for refunding money. D) A vertical exchange is in a multi-story building; a horizontal exchange is in a single-story building. E) There is no difference; both refer to exchanging goods. 9. True smart cards contain a ______that can store a considerable amount of information. A) picture of the bank B) magnetic strip C) card number D) chip E) all of the above 10. _______________attempts to predict the impact of a change in the assumptions (input data) on the proposed solution. A) Input analysis B) Goal-Seek analysis C) Information analysis D) Opportunity analysis E) What-if analysis 11. The \"explanation subsystem\" or \"justifier\" of an Expert System is used to: A) explain its recommendations B) justify the expenditures C) determine the answers to questions D) justify the documents' alignments E) none of the above 12. The flow of knowledge from an expert to an expert system and then to the user involves all of the following activities, except: A) acquire the knowledge from experts B) make inferences from the stored knowledge C) transfer the knowledge to the user D) organize the knowledge as rules E) determine the value of the knowledge 13. What does Porter's Five Forces Model determine? A. The relative attractiveness/profitability of an industry B. The competitive advantage of a competitor C. The distribution chain of a competitor D. The relative attractiveness of another business E. None of the above 14. Which statement describes switching costs? A. There are many alternatives to using the product or service B. There are few alternatives to using the product or service C. High costs that make customers reluctant to switch to another product or service D. Low costs that make customers want to switch to another product or service E. None of the above 5. In Excel cell reference, $ indicates that the letter or number next to $ is not changed while dragging the bottom right edge of the cell in any direction. A. True B. False 16. Consider the worksheet below, the formula in curser cell is =B$1 . If the edge of curser cell is dragged to next cell in the direction of arrow, the next cell will have _____. A. B. C. D. E. Formula Formula Formula Formula Formula =B$1 and value 2 =B$2 and value 5 =$C$1 and value 3 =C$2 and value 6 =C$1 and value 3 17. Consider the worksheet below, the formula in curser cell is \"=B$1\" . If the edge of curser cell is dragged to next cell in the direction of arrow, the next cell will have _____. A. B. C. D. E. Formula Formula Formula Formula Formula =B$1 and value 3 =B$2 and value 5 =B$1 and value 2 =$B$1 and value 2 =C$1 and value 3 18. In the Excel sheet on right, the formula =IF(A2=\"apple\