K190-ind-ny - Why Industry Information Matters

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    Complete the following sentence: No industry operates in _________.

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Please take 10 minutes to complete the following self-assessment quiz on 'Why Industry Information Matters'

K190-ind-ny - Why Industry Information Matters - Quiz

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  • 2. 

    Banks use IBISWorld to help understand and score the difficulty of current and forecast industry operating conditions. Globally, Commercial Banks comprise the largest segment of our client market in terms of revenue. True or False?

    • True

    • False

    Correct Answer
    A. True
  • 3. 

    Which of the following is not a characteristic of a core client or ideal prospect?

    • Time poor

    • B2B - they are a business, not a consumer

    • They understand the power of information

    • Exposure to lots of industries or categories

    • High employee turnover

    • Our information is needed many times throughout the year

    • Strategic mindset

    Correct Answer
    A. High employee turnover
  • 4. 

    Which of the following position types is not a key user group?

    • Librarians

    • Consultants

    • Marketing

    • Procurement

    • Human Resources

    Correct Answer
    A. Human Resources
  • 5. 

    IBISWorld is recognized as the world's leading industry information provider, and enables clients to make better informed decisions to give them a strategic and competitive advantage in the marketplace. Which of the following is least likely to be a factor contributing to the success of our Industry Reports?

    • Reports are comprehensive

    • Reports provide independent information

    • Reports are cost effective and allow for productivity gains

    • Reports provide otherwise confidential information about key industry players

    • Reports contain consistent and comparable information

    • Reports contain credible information

    • Reports are regularly updated and contain current information

    Correct Answer
    A. Reports provide otherwise confidential information about key industry players
  • 6. 

    What is the best description of how our Industry Reports benefit Consulting clients?

    • Save hours of research time, helps measure 6 of the 14 factors in valuation model.

    • Cuts down research time, immediate understanding of client’s industry.

    • Help businesses create more loans, less riskier loans and more diversified loans.

    • Help to formulate policies and help with economic development initiatives.

    Correct Answer
    A. Cuts down research time, immediate understanding of client’s industry.
  • 7. 

    What is the key difference between financial statement analysis and the analysis in our Industry Reports?

    • Financial statement analysis tends to be based on data, while IBISWorld analysis is based on unquantifiable drivers.

    • Financial statement analysis tends to take external drivers into account, while IBISWorld analysis is dedicated to company-level factors.

    • Financial statement analysis tends to be "backward-looking" while IBISWorld analysis is dynamic and forward-looking.

    Correct Answer
    A. Financial statement analysis tends to be "backward-looking" while IBISWorld analysis is dynamic and forward-looking.
  • 8. 

    Companies operate within industries, and industries are affected by their operating environments. Operating environments can be a source of revenue or a cost center. Changes in operating environments can have a direct impact on the industry, and in turn, the companies. Which of the following are classified as direct operating environments (not influential environments)? Mark all four that apply.

    • Marketplace

    • World

    • Labor market

    • Finance market

    • Government

    Correct Answer(s)
    A. Marketplace
    A. Labor market
    A. Finance market
    A. Government
  • 9. 

    “…When an industry with a reputation for difficult economics meets a manager with a reputation for excellence, it is usually the industry that keeps its reputation intact...”Who can this quote be attributed to? 

    • Michael E Porter

    • Warren Buffet

    • Phil Ruthven

    • Steve Jobs

    Correct Answer
    A. Warren Buffet
  • 10. 

    Influential environments do not directly affect revenue, costs or profits, but impact on results via the operating environments. Which of the following are classified as influential (not operating) environments? Mark all three that apply.

    • Finance market

    • World

    • Community

    • Resources

    Correct Answer(s)
    A. World
    A. Community
    A. Resources
  • 11. 

    What is the best description of how our Industry Reports benefit Commercial Banking clients?

    • Support of due diligence, monitoring risks for policies and portfolios.

    • Help banks create more loans, less riskier loans and more diversified loans.

    • Help to formulate policies and help with economic development initiatives.

    • Help save valuable time when researching projects and be better informed when buying, selling, raising capital or providing advice to clients.

    Correct Answer
    A. Help banks create more loans, less riskier loans and more diversified loans.
  • 12. 

    The most successful companies emulate or surpass world's best practice benchmarks to ensure a competitive edge in the marketplace. They do this by hedging against the factors they can control, and taking advantage of the factors that can't be controlled. True or False?

    • True

    • False

    Correct Answer
    A. False
  • 13. 

    Which of the following factors generally has the greatest influence on the profitability of a company?

    • Government regulation

    • Macroeconomic factors

    • Demographic variables

    • Company-level factors

    Correct Answer
    A. Company-level factors
  • 14. 

    What is the best description of how our Industry Reports benefit Accounting clients?

    • Save hours of research time, helps measure 6 of the 14 factors in valuation model.

    • Support of due diligence, monitoring risks for policies and portfolios.

    • Supports firms across all service lines by increasing revenue, reduce risk, improve focus and productivity.

    • Help to formulate policies and help with economic development initiatives.

    Correct Answer
    A. Supports firms across all service lines by increasing revenue, reduce risk, improve focus and productivity.
  • 15. 

    Industries in the same sector often behave very differently. True or False?

    • True

    • False

    Correct Answer
    A. True

Quiz Review Timeline (Updated): Mar 18, 2022 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 18, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Jan 05, 2016
    Quiz Created by
    Damian Mills
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