Exam 17: Managing Information

A firm can establish a sustainable competitive advantage over competitors if:

Identify a difference between raw data and information.

Matt goes to an Internet café and tries to access his emails. The email service provider asks Matt to enter his email address along with the password associated with it. By asking for the email address and the password, the email service provider is _____ Matt.

Verdure Westerns, a retailer, recently employed a unique data management system that automatically transfers order information to the relevant vendor. Unlike its competitors, this system enables the company to smoothly convey information without any manual effort, thereby reducing the labor costs of the company. By employing this new data management system, Verdure Westerns has most likely achieved _____.

Powell Motors, an automobile manufacturing company, spent $30 million to purchase new servers to archive all its data safely. In this scenario, the cost incurred by Powell Motors is an example of _____.

Magnira Corp., a small-scale e-learning firm, recently bought a three-year license of a cloud-based software. The software provides email services and social networking services on a secure platform. In this scenario, it is evident that Magnira Corp. has incurred _____.

Data mining is the process of discovering patterns and relationships in large amounts of data.

One-Stop, a national bank, conducted a survey on how long a customer usually has to wait at its bank. According to the survey, on an average, customers waited five to ten minutes in the queue to deposit their cash into a deposit machine. Based on the survey results, the bank decided to add five more deposit machines. A month later, the management realized that the bank had more machines than it required. Which of the following is most likely the reason for the bank to add more machines than required?

To manage its inventories efficiently, KC Mart, a supermarket, enters into a five-year contract with Ziff Corp., an information technology firm. As per the contract, KC Mart has to pay $125,000 per year to Ziff Corp. in exchange for the information regarding consumer purchase behaviors. In the given scenario, the cost that KC Mart has to incur is the _____.

Which of the following is a difference between antivirus software for PCs and corporate antivirus software?

ATT Supermarket has collected a large amount of data regarding its customers. To understand customer purchase behavior, the company uses a process that automatically identifies correlations in the collected data. Through this process, the company learns that people who wait for more than 10 minutes in the billing queue, tend to remove a few items from their shopping cart. Consequently, this leads to reduced sales. The manager of the supermarket decides to install five more billing counters, which could reduce the estimated wait time by a considerable amount. In this scenario, ATT Supermarket has most likely used _____ to process information.

After analyzing the data on cab services in Lucitona, the Transport Authority of Lucitona discovered that there was an 85 percent increase in the number of people using cab services on rainy days. In the context of data mining, the Transport Authority of Lucitona discovered a(n) _____.

Kamara Jobs, a recruitment company, decides to launch its own global online application. It pays $200,000 to obtain the proven technology required to launch this application from an information technology firm. In the context of the costs of useful information, Kamara Jobs has incurred _____.

The goal of executive information systems is to provide accurate, complete, relevant, and timely information to managers.

Cold Stone, a floor tile manufacturing company, pays $100,000 per year to a real estate firm to obtain information regarding construction companies (potential clients) with new and upcoming projects. In the context of the costs of useful information, it can be concluded that Cold Stone incurs _____.

While unlocking his smartphone, Dave was prompted for his password. He had, however, forgotten his password and hence was not able to access his smartphone. By asking for the password, the smartphone is _____ Dave.

Colbert Solutions, an electronic equipment manufacturer, recently manufactured a new digital soil moisture meter for the farmers in Lucitona. The equipment measures the moisture content in soil and also states the amount of water that needs to be added to the soil. After collecting the readings from the equipment, the farmers added the exact amount of water indicated by the meter; however, this led to waterlogging-saturation of soil with water. It can be concluded that the information provided by the digital soil moisture meter was _____.

Which of the following is true of white hat hackers?

Which of the following statements is true of intranets?

Sequence patterns appear when: