Exam 1: Business Driven Technology

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Which of the following does not describe structured data?

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In terms of system thinking, what control ensures correct processes?

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The business decisions made by the human resources department include investment data, monetary data, and reporting data.

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For an organization to succeed, every department or functional area must work independently to be most effective.

(True/False)
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What is a snapshot?

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Which of the following represents the types of data commonly found in the accounting department?

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What are descriptive analytics?

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Richard Dowdall is the operations manager for Dowdall Meats, which specializes in providing deli meats and prepared foods for its local customers. Richard is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day. Which of the following is an example of the type of information Richard would be using to successfully perform his job?

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Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.

(True/False)
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Companies today are successful when they combine the power of the information age with traditional business methods.

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The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

(True/False)
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What refers to devices that connect directly to other devices?

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Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable. Tony will set the strategic direction for his firm, which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments.

(True/False)
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Structured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

(True/False)
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Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business.

(True/False)
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What is a report?

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What helps acquire and catalog the knowledge assets in an organization?

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Unstructured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

(True/False)
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What is big data?

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The business decisions made by the finance department include promotion data, sales data, and advertising data.

(True/False)
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