Exam 17: Managing Information

A decision support system (DSS):

Innove Tech is a technological firm that wants to build a global service delivery system. It has consulted a larger firm, Ziff Corp., to obtain the proven technology required to establish this system. In the context of the costs of useful information, Innove Tech has incurred _____.

TimTam Steel, a steel manufacturing company, recently adopted a new supply chain management system. By virtue of the new system, the company is able to acquire raw materials from suppliers in a shorter period of time than its competitors. The supply chain management system may become outdated in the near future; however, it has presently drastically reduced costs associated with material procurement for TimTam Steel. In the given scenario, TimTam Steel has achieved _____.

Which of the following is one of the three critical questions that a firm needs to address to sustain a competitive advantage through information technology?

In the context of unsupervised data mining, association patterns help identify database elements that are different.

Fuine Corp., a multinational corporation, has spent $1 billion on a new data center that allows the firm to manage and transform raw data into useful information at a very fast speed. This enables the smooth functioning of the firm's operations. In this case, the cost that Fuine Corp. has incurred is an example of _____.

Soundwave Communication Services has processed and archived a large amount of data on its servers. However, due to a technical fault in its servers,it was unable to access the information. It had to spend a large sum of money to regain access to the information. In this scenario, the cost borne by Soundwave Communication Services is an example of _____.

Which of the following statements defines communication cost?

Allied Corp., a multinational corporation, has spent $500 million on a new data center that allows the firm to transform raw data into useful information at a very high speed. This enables the smooth functioning of the firm's operations. In this case, the cost that Allied Corp. has incurred is an example of _____.

In the context of capturing information, _____ represent numerical data by varying the thickness and pattern ofvertical lines.

Which of the following is a web-based tool that provides safe off-site access to data and programs?

A(n) _____ allows companies to exchange information and conduct transactions by purposely providing outsiders with direct, password-protected, web browser-based access to authorized parts of a company's information system.

Jack found an old photograph of his family. He wanted to upload the picture as a digital image on a social networking website. In this scenario, which of the following can help Jack convert the photograph into a digital image?

_____ can be used to convert digitized documents into ASCII(American Standard Code for Information Interchange) text that can be searched, read, and edited with standard word processing, email, desktop publishing, database management, and spreadsheet software.

Sumptuous Supermarket has large amounts of data about its customers. To understand customer buying behavior, the company uses a process that automatically discovers connections in the collected data. Through this process, the company learns that people who buy carbonated drinks, typically also buy a pack of salted snacks. As a result, the manager of the supermarket places carbonated drinks near the shelf with chips and pretzels. In this scenario, Sumptuous Supermarket has most likely used _____.

Alex Timbers, a wood supplier, receives an order of 10 wooden logs from a furniture manufacturing company. The client brief mentioned that the logs should be made of teak wood and be identically sized. After receiving the consignment, the quality specialist of the furniture manufacturing company observed that the logs were too big to be used for building furniture. In this scenario, it is likely that the information provided by the furniture manufacturing company to Alex Timbers was _____.

Which of the following statements is true of affinity patterns?

Smooth Tide, a surfboard manufacturer, recently received an order to manufacture 30 identical surfboards made of aluminum alloy. During the course of the project, Smooth Tide received a brief to make 14 of the surfboards using aluminum alloy and the rest using carbon fiber. Although the brief from the client was sent before Smooth Tides could start working on the project, the delivery was made after a two week delay. Since Smooth Tide had almost finished the production of the base of the surfboards using aluminum alloy, modifying the order was not feasible. The reason behind this problem is the _____ information provided by the client to Smooth Tide.

_____ is the prediction that about every two years, computer processing power would double and its cost would drop by 50 percent.

Chenrezic Music Stores, a chain of stores selling musical instruments, is trying to improve its customer service. While examining its checkout data, it learned that people who buy guitar covers also buy guitar straps and vice versa. In this scenario, the use of data mining to find better ways to improve customer service has also led to the discovery of a(n) _____.