Exam 14: Understanding Information and E-Business

In your own words, describe the relationship between information and risk and how this relationship could impact the business decision-making process.

A management information system must perform three specific functions: collect data, store and update them as necessary, and present information.

Tabular displays generally have less impact than visual displays.

Marty is a financial manager at Wheeler Corporation.He must be concerned about all except which of the following areas?

The Wall Street Journal's online edition is not provided free to Internet users.Therefore, the primary revenue stream for this online version is probably

A(n) ____ is a single collection of data stored in one place and used by employees throughout an organization to make decisions.

Which of the following is not an internal force affecting e-business?

What is the difference between the World Wide Web and the Internet?

Which of the following specialized business models would perform e-business activities to generate revenues by matching online buyers and sellers to facilitate exchanges?

The specific types of information that managers need depends on their area of management and on their level within the firm.

Globalization, convergence of technologies, and demographic forces are considered external forces that affect e-business.

The growth of the Internet has created some new customer needs that did not exist before the creation of the Internet.

Describe the ways the Internet can reduce the cost associated with recruiting and training employees while at the same time improve the quality of employees that the firm employs.

When is it estimated that there will be over 2 billion Internet users worldwide?

An information technology officer is a middle- or lower-level manager who is responsible for maintaining a firm's information system.

The ABC Auto Supply Company of Burlington, Vermont, uses an e-commerce software program on its website to allow customers such as Quickeeze Body Shop to enter their own orders for auto parts.ABC is following a(n) ____ business model.

Most business data is in the form of _____.

A software package that allows users to combine text and graphics in reports, newsletters, and pamphlets in professional reports is called a(n) ______ program.

Academic Standard, Inc.(ASI) Academic Standard, Inc., sells its products through the Internet.Amanda is one of the biggest buyers of the company's products for her business.Susan, who is Amanda's sales representative, recently suggested that ASI classify Amanda as a preferred customer. Although ASI has been successful in the past, the company recently encountered the problem of high production costs.Jonathan, a veteran employee of the company, suggested to senior management that certain aspects of production may need to be handled by other, more efficient companies.Jonathan also suggested that the company might want to create a physical store to possibly increase its visibility and potential profits.He explained many disadvantages of operating solely through the Internet. -Refer to Academic Standard, Inc.Amanda's interaction with ASI is an a example of _____.

Before deciding to train its employees in website design, Hartman Co.conducts a careful analysis of how this training will help the company.This is a _____.