Wiley Business Technology Quiz Question Answer
Q1. “Business Process” is defined as an ongoing collection of related activities that create a product/service to an organization? True
Q2. BPR stands for Business Process Recovery? False
Q3. An example of globalization is NAFTA? True
Q4. Cost Leadership Strategy is one strategy to gain a competitive advantage? True
Q5. There are six (6) characteristics of effective Business-IT Alignment. True
Q6. 85% of Business and IT executives agree that their companies have adequate alignment between IT and their business. False
Q7. Which of the following are examples of Business Processes?
- Managing cash receipts.
- Collecting sales tax.
- Processing bills of material.
- Applying healthcare benefits.
- None of these.
- All of these.
Q8. Business environment pressures can come from which of the following?
- Management.
- Cost reductions.
- Political changes.
- Quality control
Q9. The best known framework for analyzing competitiveness is?
- Michael Porter’s value chain model.
- Freidman’s ten flatteners.
- Michael Porter’s competitive forces model.
- Competitive globalization model.
Q10. Two strategies that a company can use to gain a competitive advantage are?
- Customer-Orientation and Operational Effective Strategy.
- Protection and Innovation Strategy.
- Mass Customization and Cost Leadership Strategy.
- Compliance and Innovation Strategy.
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