_____ means that work takes physically wherever in the world it is best accomplished.

• Work shifting

• time shifting

• space shifting

• storage shifting

Answer explanation

Space shifting refers to the ability to perform work from any location in the world where it can be done most effectively. This concept emphasizes flexibility in work environments, making 'space shifting' the correct choice.

____ consists Of the detailed, preprogrammed instructions that control and coordinate the computer hardware components in an information system.

• Computer Hardware

• Computer software

• Computer Network

• Data management

Answer explanation

Computer software consists of the detailed instructions that control and coordinate computer hardware components, making it the correct choice for the question.

____ are major producers of information for the other systems and business functions.

• TPS

• MIS

• DSS

• ESS

Answer explanation

TPS, or Transaction Processing Systems, are designed to handle and process data from transactions, making them major producers of information for other systems and business functions, unlike MIS, DSS, or ESS.

Also known as enterprise resource planning (ERP) systems, to integrate business processes in manufacturing and production, finance and accounting, sales and marketing, and human resources into a single software system.

• Enterprise system

• Customer relationship management system

• Supply chain management system

• Knowledge management system

Answer explanation

The term 'enterprise system' refers to integrated software that combines various business processes, including manufacturing, finance, sales, and human resources, into a single system, which aligns with the description provided.

When the output of some units can be used as inputs to other units, or two organizations pool markets and expertise, these relationships lower costs and generate profits.

• Synergies

• core comptencies

• network-based strategices

• Information system

Answer explanation

The correct answer is 'Synergies' because it refers to the benefits gained when units collaborate, reducing costs and increasing profits through shared resources and expertise.

According to _____ theory, using markets is expensive because of costs such as locating and communicating with distant suppliers, monitoring contract compliance, buying insurance, obtaining information on products, and so forth.

• Michael Porter's

• Flatten firm

• Agency

• Transaction Cost

Answer explanation

The correct choice is 'Transaction Cost' theory, which explains that using markets incurs expenses like locating suppliers and monitoring contracts, making transactions costly.

The management information system receives input from:

• Transaction Processing System (TPS)

• Executive Support System (ESS)

• Decision Support System (DSS)

• Geographical Information System (GIS)

Answer explanation

The management information system primarily receives input from the Transaction Processing System (TPS), which captures and processes daily transactions, providing essential data for management decision-making.

______ provides managers with decisions regarding only the firm's operational activities.

• MIS

• TPS

• DSS

• ESS

Answer explanation

TPS (Transaction Processing System) focuses on managing and processing the firm's operational activities, providing essential data for day-to-day operations, unlike MIS, DSS, or ESS which serve broader decision-making needs.

A combination of MIS and DSS that helps Senior Managers make decisions is known as:

• Executive Support System

• Transaction Processing System

• Geographical Information System

• None of the above

Answer explanation

An Executive Support System (ESS) integrates MIS and DSS to provide senior managers with the tools needed for strategic decision-making, making it the correct choice for this question.

If a person posts an advertisement to sell his product on the OLX website, it is an example of:

• B to B

• B to C

• C to B

• None of the above

Answer explanation

The advertisement on OLX is a transaction from a business (the seller) to a consumer (the buyer), making it a B to C (Business to Consumer) example. This is the correct choice as it reflects the nature of the sale.