Chapter 1 BIS

What is the primary purpose of a Business Management Information System (BMIS)?

• To generate profits

• To manage human resources

• To facilitate decision-making through information management

• To conduct market research

Which of the following is NOT a component of a typical BMIS?

• Hardware

• Software

• Data

• Marketing

How does Business Intelligence (BI) contribute to a BMIS?

• By providing real-time information on business operations

• By automating routine tasks within the organization

• By facilitating communication among employees

• By managing financial transactions

What is the purpose of Customer Relationship Management (CRM) software in a BMIS?

• To manage internal communication within the organization

• To track and analyze interactions with customers

• To automate manufacturing processes

• To monitor employee performance

What is the significance of a Database Management System (DBMS) in a BMIS?

• To organize and store data efficiently

• To manage employee schedules

• To conduct market research

• To create promotional materials

How does the concept of 'Big Data' relate to Business Management Information Systems?

• It refers to the large size of organizations that use BMIS.

• It highlights the importance of extensive market research in BMIS

• It involves the analysis of massive and complex datasets to extract valuable insights.

• It signifies the use of oversized hardware in BMIS.

What is the role of a Supply Chain Management (SCM) system in a BMIS?

• To manage financial transactions

• To optimize the production process

• To coordinate the flow of goods and services from suppliers to customers

• To analyze employee performance

How does Cloud Computing impact Business Management Information Systems?

• It increases the cost of BMIS implementation.

• It enhances accessibility and flexibility by providing on-demand resources over the internet.

• It reduces the need for cybersecurity measures in BMIS

• It only benefits large corporations, not small businesses

What is the Five Forces Model in the context of business strategy?

• A framework for analyzing the competitive forces in an industry

• A model for managing internal business processes

• A tool for assessing customer satisfaction

• A framework for financial analysis

Which of the following is NOT one of the five forces in Porter's Five Forces Model?

• Bargaining Power of Buyers

• Threat of New Entrants

• Bargaining Power of Employees

• Availability of Substitutes